Manheimer Mark 4

What Happened

• Mark Manheimer, President, CEO, Secretary and a director of NETSTREIT Corp. (NTST), had RSUs convert to common shares on February 26, 2026. A total of 45,195 RSUs vested/converted (17,801 and 27,394). To satisfy mandatory tax withholding, the issuer withheld 17,785 of those shares (7,005 and 10,780), resulting in a net issuance to Manheimer of 27,410 shares.
• The withholding entries were reported as “F” (payment of tax liability) and totaled $366,549 (7,005 shares × $20.61 = $144,373; 10,780 × $20.61 = $222,176). The conversions were reported as “M” (exercise/conversion of derivative) with a $0.00 exercise price (typical for RSU-to-share conversion).

Key Details

• Transaction date: February 26, 2026; Form 4 filed March 2, 2026 (timely filing).
• Shares vested/converted: 17,801 and 27,394 (total 45,195).
• Shares withheld for taxes: 7,005 and 10,780 (total 17,785) at $20.61 per share; withholding value $366,549.
• Net shares delivered to insider after withholding: 27,410.
• Footnotes: RSUs represent contingent rights to one share on vesting (F1). Withholding was done by the issuer to satisfy mandatory tax withholding (F2). The vested RSUs were from grants made on Feb 26, 2025: 53,410 RSUs (Alignment of Interest Program) and 82,192 RSUs (Omnibus Plan), each vesting in roughly equal installments over three years (F3, F4).
• Shares owned after the transaction are not specified in the provided filing.

Context

• This was not an open-market sale; the “F” entries are issuer share-withholding to cover taxes on vesting RSUs (a common, non-market-transfer method). The “M” codes reflect conversion/exercise of RSU derivatives rather than a cash exercise.
• For retail investors, these entries indicate routine executive compensation vesting and tax-related withholding rather than a discretionary insider sale or purchase.