Everett Heidi 4

What Happened

• Heidi Everett, a director of NETSTREIT Corp. (NTST), had 7,192 restricted stock units (RSUs) convert into 7,192 shares on February 26, 2026. The Form 4 shows an exercise/conversion of a derivative (code M) acquiring 7,192 shares and a simultaneous disposition of the derivative instrument at $0.00. No cash was paid or received in this transaction — it reflects RSU vesting and conversion to common stock, not an open‑market buy or sale.

Key Details

• Transaction date: 2026-02-26; Form 4 filed: 2026-03-02 (filed within the standard 2 business‑day window).
• Transaction type/code: M = exercise/conversion of a derivative (RSU conversion).
• Shares acquired: 7,192 common shares via conversion; disposition of 7,192 derivative units at $0.00 (this records the extinguishment of the RSUs).
• Price/consideration: $0.00 (no cash exchanged on conversion); no dollar value reported on the Form 4.
• Shares owned after transaction: Not specified in this filing.
• Footnotes: F1 explains each RSU converts to one share on vesting; F2 notes these 7,192 RSUs were granted on 2026-02-26 (grant date shown as Feb 26, 2025 in footnote) and vested 100% on the first anniversary, subject to continued service as a director.

Context

• This transaction is a routine vesting/conversion of previously granted RSUs, not an insider purchase or sale in the market. Such conversions are common compensation events and do not necessarily signal the insider’s view of the company’s stock. The Form 4 shows the derivative (RSU) was extinguished upon vesting rather than sold.