Manheimer Mark 4

What Happened

• Mark Manheimer, President, CEO, Secretary and a director of NETSTREIT (NTST), had a scheduled vesting/conversion of restricted stock units (RSUs) on March 8, 2026. 4,842 RSUs converted into 4,842 shares of common stock.
• To satisfy mandatory tax withholding, the issuer withheld 1,906 of those shares (reported as a disposition) at a per-share valuation of $20.91, equal to about $39,854. The filing also records the cancellation/settlement of the underlying RSUs as part of the conversion (administrative entry with $0 proceeds).

Key Details

• Transaction date: March 8, 2026; Form 4 filed March 10, 2026 (two days after the transaction).
• Primary codes: M = exercise/conversion of derivative (RSU settlement); F = shares withheld to pay tax liability.
• Shares involved: 4,842 RSUs converted to 4,842 shares; 1,906 shares withheld for taxes (~$39,854 at $20.91/share).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes: F1–F3 note these were RSUs (one RSU = one share upon vesting), withholding is issuer tax withholding (not an open-market sale), and the RSUs stem from a March 8, 2024 grant of 14,526 RSUs vesting in three roughly equal annual installments (4,842 ≈ one installment).

Context

• This was a routine RSU vesting and tax-withholding event—not an open-market sale or a new purchase. Withholding by the issuer is standard practice to cover taxes and does not necessarily signal the insider’s view on the stock.