Sec Form 4 Filing - TAIT AMY L @ Broadstone Net Lease, Inc. - 2020-10-01

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person TAIT AMY L 2. Issuer Name and Ticker or Trading Symbol Broadstone Net Lease, Inc. [ BNL] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 800 CLINTON SQUARE 3. Date of Earliest Transaction (MM/DD/YY) 10/01/2020 (Street) ROCHESTER, NY14604 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 10/01/2020 A 1,994 ( 1 ) A $ 0 604,097 ( 2 ) ( 3 ) D Common Stock 249,412 ( 3 ) I By Trust ( 4 ) Common Stock 249,412 ( 3 ) I By Trust ( 4 ) Common Stock 55,815 ( 3 ) I By Spouse ( 5 ) Common Stock 127,700 ( 3 ) I By Limited Liability Company ( 6 ) Common Stock 227,974 ( 3 ) I By Family Limited Liability Company ( 7 )

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares OP Units ( 8 ) ( 8 ) ( 9 ) ( 9 ) Common Stock 1,157,307 1,157,307 ( 2 ) ( 10 ) D OP Units ( 8 ) ( 8 ) ( 9 ) ( 9 ) Common Stock 1,997,694 1,997,694 ( 10 ) I By Limited Liability Company ( 6 ) OP Units ( 8 ) ( 8 ) ( 9 ) ( 9 ) Common Stock 36,805 36,805 ( 10 ) I By Trust ( 4 ) OP Units ( 8 ) ( 8 ) ( 9 ) ( 9 ) Common Stock 36,805 36,805 ( 10 ) I By Trust ( 4 )

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other TAIT AMY L 800 CLINTON SQUARE ROCHESTER, NY14604 X Signatures /s/ John D. Moragne, as Attorney-in-fact 10/02/2020 Signature of Reporting Person Date

Explanation of Responses:

( 1 )On October 1, 2020, Broadstone Net Lease, Inc. (the "Issuer") granted the reporting person 1,994 shares of the Issuer's common stock pursuant to the Issuer's director compensation and stock ownership policy (the "Policy"). Pursuant to the Policy, the Issuer's directors are entitled to receive an annual retainer (payable quarterly). In addition, the chairperson of the board, the lead independent director, and the chairperson and members of each of the Issuer's audit, compensation, nominating and corporate governance, and real estate investment committees are entitled to receive an annual stipend (payable quarterly). Pursuant to the Policy, directors may elect to receive all or a portion of the annual retainer and stipends in the form of shares of the Issuer's common stock with a value equal to the amount of such retainer and stipend. ( 2 )These securities are owned directly by the reporting person. ( 3 )On September 18, 2020, the Issuer effected a four-for-one stock split of its Common Stock and pursuant to which no fractional shares of Common Stock were issued (the "Recapitalization"). The amount of securities reported on this Form 4 has been adjusted to reflect the Recapitalization. ( 4 )Securities held by irrevocable trust for benefit of reporting person's child. ( 5 )The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for any purpose. ( 6 )Securities held by a limited liability company with respect to which the reporting person and her spouse have shared voting and investment power. ( 7 )Securities held by a family limited liability company with respect to which the reporting person has shared voting and investment power. ( 8 )Represents membership units of Broadstone Net Lease, LLC (the "OP"), a subsidiary and the operating company of the Issuer ("OP Units"). OP Units are redeemable by the reporting person and, at the Issuer's discretion, can be settled in cash or shares of Common Stock of the Issuer on a one-for-one basis. ( 9 )These OP Units are fully vested. ( 10 )On September 18, 2020, the OP effected a four-for-one split of its OP Units pursuant to which no fractional OP Units were issued (the "Recapitalization"). The amount of OP Units reported on this Form 4 has been adjusted to reflect the Recapitalization.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

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