What changed in this filing

/stocks — the workspaceLOADING

Item 9A. Controls and Procedures

2026-02-10 compared with 2025-02-24 · 94 added, 37 removed, 277 unchanged (32% of the section changed)

11 unchanged sentences

Changes in Internal Control over Financial Reporting.

During the period covered by this report, there were no changes to our internal control over financial reporting (as defined in Rule 13a-15(f) under the Exchange Act) identified in connection with the evaluation described above that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

During the period covered by this report, there were no changes to the Company’s internal control over financial reporting (as defined in Rule 13a-15(f) under the Exchange Act) identified in connection with the evaluation described above that have materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial reporting.

Other Information

Not applicable.

Rule 10b5-1 Trading Arrangements

None of our directors or executive officers (as defined in Rule 16a1(f) under the Exchange Act) adopted or t erminated a Rule 10b5-1 trading arrangement or adopted or terminated a non-Rule 10b5-1 trading arrangement (as defined in Item 408(c) of Regulation S-K) during the quarter ended December 31, 2025.

Disclosure Regarding Foreign Jurisdictions that Prevent Inspections

17 unchanged sentences

Total 844,776 $ — 2,545,105

(1) Relates to restricted stock units (“RSUs”) available for issuance under our 2019 Omnibus Incentive Compensation Plan.

(2) Includes 617,429 shares that employees and non-employee directors have the right to acquire upon the vesting of the equivalent RSUs that they have been awarded under our 2019 Omnibus Incentive Compensation Plan.

(1) Relates to restricted stock unit awards (“RSUs”) available for issuance under our Amended and Restated 2019 Omnibus Incentive Plan (the “Omnibus Incentive Plan”).

(2) Includes 844,776 shares that employees and non-employee directors have the right to acquire upon the vesting of the equivalent RSUs that they have been awarded under our Omnibus Incentive Plan.

Certain Relationships and Related Transactions, and Director Independence

7 unchanged sentences

Consolidated Balance Sheets as of December 31, 202 5 and 202 4

Consolidated Statements of Operations and Comprehensive (Loss) Income for the Years Ended December 31, 2024, 2023, and 2022

Consolidated Statements of Operations and Comprehensive Loss for the Years Ended December 31, 202 5 , 202 4 , and 202 3

Consolidated Statements of Changes in Equity for the Years Ended December 31, 202 5 , 202 4 , and 202 3

12 unchanged sentences

4.2 Form of Common Stock Certificate (incorporated by reference to Exhibit 4.1 to the Registrant’s Registration Statement on Form S-11 (File No.

333-23991) filed on July 17, 2020.

333-23991) filed with the SEC on July 17, 2020.

10.1 Amended and Restated Agreement of Limited Partnership of NETSTREIT, L.P.

3 unchanged sentences

and each of its directors and executive officers (incorporated by reference to Exhibit 10.4 to the Registrant’s Registration Statement on Form S-11 (File No.

333-239911) filed on July 17, 2020).

333-239911) filed with the SEC on July 17, 2020).

10.3† Amended and Restated Employment Agreement, dated February 22, 2022, between NETSTREIT Management, LLC and Mark Manheimer (incorporated by reference to Exhibit 10.6 the Registrant’s Annual Report on Form 10-K for the year ended December 31, 2021).

1 unchanged sentence

Donlan (incorporated by reference to Exhibit 10.1 to the Registrant’s Current Report on Form 8-K filed with the SEC on April 3, 2023).

10.5† NETSTREIT Corp.

2019 Omnibus Incentive Compensation Plan (incorporated by reference to Exhibit 10.7 to the Registrant’s Registration Statement on Form S-11 (File No.

333-239911) filed on July 17, 2020).

10.6† Form of NETSTREIT Corp.

2019 Omnibus Incentive Compensation Plan Pre-Initial Public Offering Employee Restricted Stock Unit Grant Agreement (incorporated by reference to Exhibit 10.9 to the Registrant’s Registration Statement on Form S-11 (File No.

333-239911) filed on July 17, 2020).

10.7† Form of NETSTREIT Corp.

2019 Omnibus Incentive Compensation Plan Post-Initial Public Offering Employee Restricted Stock Unit Grant Agreement (incorporated by reference to Exhibit 10.16 to the Registrant ’ s Annual Report on Form 10-K for the year ended December 31, 2020).

10.5† Amended and Restated NETSTREIT Corp.

2019 Omnibus Incentive Compensation Plan (incorporated by reference to Exhibit 10.

1 to the Registrant’s Q uarterly Report fo r the quarter ended June 30, 2025).

Form of NETSTREIT Corp.

1 unchanged sentence

1 to the Registrant’s Registration Statement on Form S-11 (File No.

333-239911) filed on August 5, 2020).

333-239911) filed with the SEC on August 5, 2020).

Form of NETSTREIT Corp.

1 unchanged sentence

Form of Performance Stock Unit Agreement under the NETSTREIT Corp.

2019 Omnibus Incentive Plan (incorporated by reference to Exhibit 10.1 to the Registrant’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2021).

10.11† Form of Performance Stock Unit Agreement under the NETSTREIT Corp.

2019 Omnibus Incentive Plan (incorporated by reference to Exhibit 10.21 to the Registrant’s Annual Report on Form 10-K for the year ended December 31, 2021).

5 unchanged sentences

1 to the Registrant’s Registration Statement on Form S-11 (File No.

333-239911) filed on August 5, 2020).

333-239911) filed with the SEC on August 5, 2020).

Amended and Restated Credit Agreement, dated January 15, 2025, by and among NETSTREIT, L.P., NETSTREIT Corp., the several institutions party thereto, as lenders, and PNC Bank, National Association, as Administrative Agent (incorporated by reference to Exhibit 10.2 to the Registrant’s Current Report on Form 8-K filed with the SEC on January 17, 2025).

First Amendment to Amended and Restated Credit Agreement, dated as of September 25, 2025 , by a nd among NETSTREIT, L.P., NETSTREIT Corp., the several institutions party thereto, as lenders, and PNC Bank, National Associat ion, as Ad ministrative Agent (incorporated by reference to Exhibit 10.3 to the Registrant ’ s Current Report on Form 8-K filed with t he SEC on September 29, 2025).

Second Amended and Restated Credit Agreement, dated January 15, 2025 , by and among NETSTREIT, L.P., NETSTREIT Corp., the several institutions party thereto, as lenders, and Wells Fargo Bank, National Association, as Administrative Agent (incorporated by reference to Exhibit 10.1 to the Registrant’s Current Report on Form 8-K with the SEC on January 17, 2025).

First Amendment to Second Amended and Restated Credit Agreement, dated as of September 25, 2025, by and among NETSTREIT, L.P., NETSTREIT Corp., the several institutions party thereto, as lenders, and Wells Fargo Bank, National Association, as Administrative Agent (incorporated by reference to Exhibit 10.1 to the Registrant’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2025).

As-Amended Term Loan Agreement, dated June 3, 2023, by and among NETSTREIT, L.P., NETSTREIT Corp., the several institutions party thereto, as lenders, and Truist Bank, as Administrative Agent (reflecting the amendments set forth in the First Amendment to the Term Loan Agreement, dated January 15, 2025) (incorporated by reference to Exhibit 10.3 to the Registrant’s Current Report on Form 8-K with the SEC on January 17, 2025).

19 Insider Trading Policy.

19 Insider Trading Policy (incorporated by reference to Exhibit 19 to the Registrant ’ s An n ual Report on Form 10-K for the year ended December 31, 202 4) .

21.1 List of Subsidiaries of NETSTREIT Corp.

(incorporated by reference to Exhibit 21.1 to the Registrant’s Registration Statement on Form S-11 (File No.

333-239911) filed on July 17, 2020).

333-239911) filed with the SEC on July 17, 2020).

23.1* Consent of KPMG LLP.

11 unchanged sentences

101.DEF** XBRL Taxonomy Extension Definition Linkbase Document.

Cover Page Interactive Data File (embedded within the Inline XBRL document)

* Filed herewith.

** Submitted electronically with the report.

*** Furnished, not filed.

*** Furnished herewith.

Management contract or compensatory plan or arrangement.

57 unchanged sentences

Alabama 48 $ — $ 31,045 $ 70,271 $ ( 115 ) $ ( 603 ) $ 30,930 $ 69,668 $ 100,598 $ ( 8,121 ) 1968 – 2025 2019 – 2025 2 to 35 Years

Alaska 1 — 1,376 1,584 — — 1,376 1,584 2,960 ( 57 ) 1996 – 1996 2025 – 2025 5 to 34 Years

Arizona 7 — 14,245 24,410 — 94 14,245 24,504 38,749 ( 1,959 ) 1979 – 2023 2021 – 2025 5 to 35 Years

84 unchanged sentences

None 4,132 4,117 None

Dollar Stores 6 Mississippi and Ohio 7.98 % 6/10/2025 I/O Balloon of $ 8.4 million

Dollar Stores 2 Mississippi 10.09 % 6/10/2026 I/O Balloon of $ 2.2 million

None 2,230 2,154 None

4 unchanged sentences

None 9,356 9,356 None

Quick-Service Restaurant 1 Kentucky 10.25 % 6/22/2025 I/O Balloon of $ 1.3 million

Automotive Service 1 Tennessee 10.25 % 2/27/2026 I/O Balloon of $ 1.7 million

None 1,703 1,703 None

Quick-Service Restaurant 1 Florida 10.25 % 4/26/2025 I/O Balloon of $ 2.1 million

Dollar Stores 1 Pennsylvania 7.25 % 9/19/2027 P+I Balloon of $ 1.4 million

None 1,411 1,411 None

Automotive Service 1 Florida 10.25 % 5/15/2025 I/O Balloon of $ 1.9 million

Drug Stores & Pharmacies 1 Texas 7.00 % 9/30/2029 I/O Balloon of $ 0.6 million

None 636 636 None

Quick-Service Restaurant 1 Alabama 10.25 % 7/26/2025 I/O Balloon of $ 2.0 million

Convenience Stores 1 California 6.50 % 12/23/2029 I/O Balloon of $ 3.3 million

None 3,284 3,284 None

Automotive Service 1 Tennessee 10.25 % 8/27/2025 I/O Balloon of $ 1.5 million

Convenience Stores 1 California 6.50 % 12/23/2029 I/O Balloon of $ 4.1 million

None 4,105 4,105 None

Drug Stores & Pharmacies 1 Alabama 7.25 % 7/17/2027 P+I Balloon of $ 4.1 million

Quick Service Restaurants

10.25 % 1/24/2026 I/O Balloon of $ 2.0 million

None 1,964 1,964 None

Drug Stores & Pharmacies 1 New Mexico 7.25 % 7/17/2027 P+I Balloon of $ 5.2 million

Quick Service Restaurants

10.25 % 2/7/2026 I/O Balloon of $ 2.2 million

None 2,216 2,216 None

Dollar Stores 1 Rhode Island 13.09 % 1/17/2025 I/O Balloon of $ 1.3 million

Quick Service Restaurants

9.75 % 3/12/2026 I/O Balloon of $ 1.8 million

None 1,829 1,829 None

Dollar Stores 1 Pennsylvania 7.25 % 9/19/2027 P+I Balloon of $ 1.4 million

Quick Service Restaurants

9.75 % 3/28/2026 None (2)

Interest + Balloon of $ 1.7 million

None 1,718 1,718 None

Drug Stores & Pharmacies 1 Texas 7.00 % 9/30/2029 I/O Balloon of $ 0.6 million

Quick Service Restaurants

9.75 % 4/8/2026 None (2)

Interest + Balloon of $ 1.8 million

None 1,820 1,820 None

Convenience Stores 1 California 6.50 % 12/23/2029 I/O Balloon of $ 3.3 million

Quick Service Restaurants

9.75 % 4/16/2026 None (2)

Interest + Balloon of $ 1.6 million

None 1,647 1,647 None

Convenience Stores 1 California 6.50 % 12/23/2029 I/O Balloon of $ 4.1 million

Quick Service Restaurants

9.75 % 8/19/2026 None (2)

Interest + Balloon of $ 2.0 million

None 1,984 1,984 None

Quick Service Restaurants

9.75 % 8/27/2026 None (2)

Interest + Balloon of $ 2.1 million

None 2,088 2,088 None

Quick Service Restaurants

1 Kentucky 9.75 % 9/9/2026 None (2)

Interest + Balloon of $ 1.7 million

None 1,724 1,724 None

Drug Stores & Pharmacies 1 Virginia

7.25 % 5/18/2027 I/O Balloon of $ 6.1 million

None 6,050 6,050 None

Quick Service Restaurants

1 Kentucky 9.75 % 10/16/2026 None (2)

Interest + Balloon of $ 2.1 million

None 2,095 2,095 None

Quick Service Restaurants

9.75 % 10/22/2026 None (2)

Interest + Balloon of $ 1.4 million

None 1,427 1,427 None

Quick Service Restaurants

9.75 % 10/24/2026 None (2)

Interest + Balloon of $ 1.6 million

None 1,551 1,551 None

Quick Service Restaurants

9.75 % 10/30/2026 None (2)

Interest + Balloon of $ 1.5 million

None 1,474 1,474 None

Quick Service Restaurants

9.75 % 1/1/2027 None (2)

Interest + Balloon of $ 1.9 million

None 1,872 1,872 None

Quick Service Restaurants

9.75 % 1/8/2027 None (2)

Interest + Balloon of $ 1.0 million

None 1,020 1,020 None

Quick Service Restaurants

1 Tennessee 9.75 % 1/30/2027 None (2)

Interest + Balloon of $ 1.2 million

None 1,224 1,224 None

Quick Service Restaurants

1 South Carolina

9.75 % 12/5/2026 I/O Balloon of $ 1.1 million

None 1,068 1,068 None

$ 142,555 $ 142,464

2 unchanged sentences

(2) Payments of both interest and principal are due at maturity.

The following shows changes in carrying amounts of mortgage loans receivable, net during the years ended December 31, 2024, 2023, and 2022 (in thousands):

The following table shows changes in carrying amounts of mortgage loans receivable, net for the periods presented (in thousands):

Year Ended December 31,

5 unchanged sentences

Capitalized loan origination costs and fees 168 ( 45 ) 145

Discount on new mortgage loan receivable ( 334 ) ( 155 ) —

Discount on new mortgage loans receivable

( 340 ) ( 334 ) ( 155 )

Amortization of discount 193 302 39

Collections of principal ( 31,251 ) ( 24,870 ) ( 1,482 )

Reclassification to held for sale

( 10,480 ) — —

Mortgage loans receivable settled in exchange for acquisition of real estate — — ( 4,673 )

Mortgage loans receivable settled in refinancing of existing mortgage loans receivable — — ( 1,327 )

Provisions for impairment on mortgage loans receivable

( 1,122 ) — —

Amortization of loan origination costs and fees ( 160 ) 61 ( 149 )

2 unchanged sentences

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 9A. Controls and Procedures