Form 4: Broadstone Net Lease Director Michael Coke Acquires 10,000 Shares

Director Michael Coke of Broadstone Net Lease, Inc. (BNL) purchased 10,000 shares of common stock at a weighted average price of $16.0655 on May 5, 2025.

Summary

• On May 5, 2025, Michael A. Coke, a director of Broadstone Net Lease, Inc. (BNL), acquired 10,000 shares of common stock.
• The shares were purchased at a weighted average price of $16.0655.
• Following the transaction, Coke directly owns 57,963 shares, which includes 6,263 shares of unvested restricted stock.
• Coke also indirectly owns 22,952 shares through a family trust where he is a co-trustee and the sole beneficiary along with his immediate family.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. A director purchasing shares suggests confidence, but it's a relatively small transaction.

Positives

• A director's purchase of company stock can be seen as a positive signal, indicating confidence in the company's future prospects.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders. Monitoring these filings can offer insights into management's sentiment and potential future performance.

Stakeholder Impact

• The stock purchase could have a minor positive impact on shareholder sentiment.

Key Dates

Keywords

Broadstone Net Lease, BNL, Michael Coke, Director, Stock Purchase, Form 4, Insider Trading