Minnis Todd 4

What Happened

• Todd Minnis, a director of NETSTREIT Corp. (NTST), had 7,192 restricted stock units (RSUs) convert into 7,192 shares on February 26, 2026 (transaction code M — exercise/conversion of a derivative). The filing also shows a simultaneous disposition of 7,192 shares at $0.00. No cash purchase occurred and there is no reported cash value exchanged in the filing.

Key Details

• Transaction date: 2026-02-26 (reported on Form 4 filed 2026-03-02; filing appears timely)
• Activity: Conversion/vesting of 7,192 RSUs → acquisition of 7,192 shares (M); disposition of 7,192 shares at $0.00 (derivative)
• Price/value: Acquisition listed as N/A; disposition price $0.00 (no cash proceeds reported)
• Shares owned after transaction: not stated in the provided excerpt of the filing
• Footnotes: F1 — each RSU entitles holder to one share upon vesting. F2 — these 7,192 RSUs were granted on 2026-02-26? (grant date per footnote: Feb 26, 2025) and vested 100% on the first anniversary (i.e., Feb 26, 2026), subject to continued service
• Likely explanation: the simultaneous $0.00 disposition is consistent with shares being withheld or transferred to satisfy tax withholding or similar settlement mechanics (common when RSUs vest); the filing itself does not show cash proceeds

Context

• This was not a market purchase or sale for cash that signals added personal investment; it reflects RSU vesting and the post-vesting settlement process. Such conversions and withholding-related dispositions are routine for equity awards and do not necessarily indicate a change in the insider’s view of the company.