Manheimer Mark 4

What Happened

Mark Manheimer, President, CEO, Secretary and a director of NETSTREIT Corp. (NTST), had RSUs vest on February 16, 2026 that converted into 34,843 shares (11,762 + 23,081). To satisfy mandatory tax withholding, the issuer withheld 13,963 shares (4,713 + 9,250) at $20.20 per share, resulting in $282,053 remitted for taxes. The net shares delivered to Mr. Manheimer after withholding were 20,880. These transactions reflect RSU vesting/settlement and withholding — not an open-market sale or a cash purchase.

Key Details

• Transaction date (vest/settle): 2026-02-16; Form 4 filed: 2026-02-18 (reporting period 2026-02-16).
• Vesting/Conversion (code M): 11,762 and 23,081 RSUs converted into shares (total 34,843).
• Tax withholding (code F): 4,713 and 9,250 shares withheld at $20.20/share = $95,203 and $186,850 (total $282,053).
• Net shares received by insider after withholding: 20,880 shares.
• Footnotes: F1–F4 explain these were RSUs (each represents a contingent right to one share), granted on Feb 16, 2024 (35,287 RSUs under Alignment of Interest Program and 69,244 RSUs under the 2019 Omnibus Plan) that vest in roughly equal annual installments over three years. F2 confirms withheld shares were for mandatory tax withholding (not an open-market sale).
• Shares owned after the transaction are not disclosed in the provided filing.

Context

• These filings document RSU vesting and issuer withholding for taxes (routine compensation settlement). The M-code entries reflect conversion of RSUs into shares; the F-code entries reflect shares withheld to cover taxes — effectively a cashless-withholding mechanism, not an executed sale on the open market.
• This is not a purchase signal; vesting is standard compensation and the withholding is administrative.