CHRISTODOLOU MICHAEL 4

What Happened

• Michael Christodoulou, a director of NETSTREIT Corp. (NTST), had 7,192 restricted stock units (RSUs) convert into 7,192 shares on February 26, 2026 (derivative code M — exercise/conversion of derivative). The Form 4 shows an acquisition of 7,192 shares (conversion of RSUs) and a simultaneous disposition of 7,192 shares at $0.00. The $0.00 disposition is consistent with shares being surrendered to satisfy tax withholding rather than a market sale; no cash sale proceeds are reported.

Key Details

• Transaction date: 2026-02-26 (reported on Form 4 filed 2026-03-02).
• Transactions recorded: Acquired 7,192 shares (conversion of RSUs); Disposed 7,192 shares at $0.00 (derivative disposition).
• Footnotes: F1 defines an RSU as a contingent right to receive one share on vesting. F2 notes these 7,192 RSUs were granted on 2025-02-26 and vested 100% on the first anniversary, subject to continued service as a director.
• Shares owned after the transaction: not specified in the provided excerpt — check the full EDGAR filing for total beneficial ownership.
• Filing timeliness: Form 4 filed on 2026-03-02 for a 2026-02-26 transaction; check the EDGAR record for any late-filing indicator.

Context

• This was a scheduled vesting/conversion of RSUs (an award), not an open-market purchase or sale. The matching $0.00 disposition typically reflects share withholding to cover taxes at vesting (a common administrative step), so it does not signal a director-initiated sale for cash. For retail investors, RSU vesting indicates compensation accrual but does not necessarily convey buying or selling sentiment.