Form 4: NewLake Capital Partners Director David L. Weinstein Sells Shares to Cover Tax Obligations

Director David L. Weinstein sold shares of NewLake Capital Partners (NLCP) common stock on March 15 and March 18, 2024, to cover tax obligations related to vesting of previously issued grants.

Summary

• David L. Weinstein, a director of NewLake Capital Partners, Inc. (NLCP), sold shares of the company's common stock on March 15 and March 18, 2024.
• The sales were executed to cover tax obligations incurred upon the vesting and delivery of previously issued grants under the company's 2021 Equity Incentive Plan.
• On March 15, 2024, 4,007 shares were sold at a price of $17.07 per share.
• On March 18, 2024, 3,442 shares were sold at a price of $17.70 per share.
• Following these transactions, Weinstein directly owns 114,347 shares of NLCP common stock.
• A Form 144 covering the sale of the Issuer's common stock reported in Table I was filed with the Securities and Exchange Commission on March 12, 2024.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (sale of shares to cover tax obligations) by a company director, which is neither particularly positive nor negative.

Industry Context

Sales of shares to cover tax obligations after vesting are a common practice among company directors and officers.

Stakeholder Impact

• The sale of shares by a director could have a minor, temporary impact on the stock price.

Key Dates