Kevin Fennell - Sep 23, 2021 Form 4 Insider Report for Broadstone Net Lease, Inc. (BNL)

Role: SVP - Capital Markets
Signature: John D. Moragne, as Attorney-in-Fact
Stock symbol: BNL
Transactions as of: Sep 23, 2021
Transactions value $: $17,595
Form type: 4
Date filed: 9/24/2021, 05:00 PM
Previous filing: Jul 16, 2021
Next filing: Mar 2, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BNL	Common Stock	Award	$17.6K	+828	+3.87%	$21.25	22.2K	Sep 23, 2021	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Reflects shares of stock issued to the Reporting Person on September 23, 2021 as earnout consideration paid to the owners of our former external manager. The price of shares issued is based upon the contractually agreed price per share in the merger agreement. The Reporting Person's right to receive the additional shares as earnout consideration became fixed and irrevocable on February 7, 2020, the effective date of the internalization of our former external manager under the terms of the merger agreement.
F2	This amount includes 13,227 shares of unvested restricted stock.

Content

Reflects shares of stock issued to the Reporting Person on September 23, 2021 as earnout consideration paid to the owners of our former external manager. The price of shares issued is based upon the contractually agreed price per share in the merger agreement. The Reporting Person's right to receive the additional shares as earnout consideration became fixed and irrevocable on February 7, 2020, the effective date of the internalization of our former external manager under the terms of the merger agreement.

This amount includes 13,227 shares of unvested restricted stock.