Form 4: NewLake Capital Partners Director Sells Shares

Director David L. Weinstein sold 8,650 shares of NewLake Capital Partners, Inc. (NLCP) at an average price of $20.43 on August 16, 2024.

Summary

• On August 16, 2024, David L. Weinstein, a director of NewLake Capital Partners, Inc. (NLCP), sold 8,650 shares of common stock.
• The shares were sold at a weighted average price of $20.43, with prices ranging from $20.40 to $20.46.
• Following the transaction, Weinstein directly owns 69,849 shares of NLCP.
• The reporting person previously filed a Form 144 on August 14, 2024, covering the sale of the Issuer's common stock reported in Table I.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a standard disclosure of insider trading activity. The sale itself doesn't necessarily indicate a positive or negative outlook.

Industry Context

This Form 4 filing indicates insider trading activity, which is a common occurrence. Investors often monitor these filings to gauge sentiment among company insiders.

Stakeholder Impact

• The sale of shares by a director could potentially influence investor sentiment, although the impact is likely to be minimal given the relatively small number of shares sold.

Key Dates