Sec Form 4 Filing - Gibbs Patricia Marie @ NETSTREIT Corp. - 2023-02-28

Insider filing report for Changes in Beneficial Ownership
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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
Gibbs Patricia Marie
2. Issuer Name and Ticker or Trading Symbol
NETSTREIT Corp. [ NTST]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
See Remarks
(Last) (First) (Middle)
2021 MCKINNEY AVENUE, SUITE 1150
3. Date of Earliest Transaction (MM/DD/YY)
02/28/2023
(Street)
DALLAS, TX75201
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 02/28/2023 M 844 A $ 0 ( 1 ) 5,838 D
Common Stock 02/28/2023 F( 2 ) 206 D $ 20.19 5,632 D
Common Stock 02/28/2023 M 387 A $ 0 ( 1 ) 6,019 D
Common Stock 02/28/2023 F( 2 ) 95 D $ 20.19 5,924 D
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
Restricted Stock Units ( 1 ) 02/28/2023 M 844 ( 3 ) ( 3 ) Common Stock 844 $ 0 1,690 D
Restricted Stock Units ( 1 ) 02/28/2023 M 387 ( 4 ) ( 4 ) Common Stock 387 $ 0 777 D
Restricted Stock Units ( 1 ) 02/28/2023 A 3,015 ( 5 ) ( 5 ) Common Stock 3,015 $ 0 3,015 D
Restricted Stock Units ( 1 ) 02/28/2023 A 1,035 ( 6 ) ( 6 ) Common Stock 1,035 $ 0 1,035 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Gibbs Patricia Marie
2021 MCKINNEY AVENUE
SUITE 1150
DALLAS, TX75201
See Remarks
Signatures
/s/ Patricia M. Gibbs (formerly McBratney), by power of attorney 03/02/2023
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock.
( 2 )Shares withheld by the issuer to satisfy the mandatory tax withholding requirement upon vesting of restricted stock units previously granted to the reporting person. This is not an open market sale of securities.
( 3 )On February 28, 2022, the reporting person was granted 2,534 RSUs pursuant to the Issuer's 2019 Omnibus Incentive Compensation Plan, vesting in substantially equal installments on each of the first three anniversaries of the grant date, generally subject to continued service as an officer through each applicable vesting date.
( 4 )On February 28, 2022, the reporting person was granted 1,164 RSUs in lieu of cash compensation pursuant to the Issuer's Alignment of Interest Program. The RSUs vest in substantially equal installments on each of the first three anniversaries of the grant date, generally subject to continued service as an officer throughout each applicable vesting date.
( 5 )On February 28, 2023, the reporting person was granted 3,015 RSUs pursuant to the Issuer's 2019 Omnibus Incentive Compensation Plan, vesting in substantially equal installments on each of the first three anniversaries of the grant date, generally subject to continued service as an officer through each applicable vesting date.
( 6 )On February 28, 2023, the reporting person was granted 1,035 RSUs in lieu of cash compensation pursuant to the Issuer's Alignment of Interest Program. The RSUs vest in substantially equal installments on each of the first three anniversaries of the grant date, generally subject to continued service as an officer throughout each applicable vesting date.

Remarks:
Senior Vice President, Chief Accounting Officer

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