Steele Kellie 4/A

What Happened

• Steele Kellie, Chief Financial Officer of New Mountain Net Lease Trust, was credited with 37,026.06 Class E Partnership Units on January 2, 2026. The units were recorded as an other acquisition (code J) and showed a $0 cash price — they are derivative units, not an open-market purchase.

Key Details

• Transaction date: 2026-01-02 (reported on an original Form 4 filed Jan 12, 2026; this filing is an amendment dated Mar 17, 2026 correcting the unit count).
• Transaction type: Acquisition of Class E Partnership Units (derivative); reported amount 37,026.06 units at $0.00 per unit.
• Consideration: $0 cash paid — these units were distributed as compensation by NEWLEASE Special Limited Partner, LP.
• Shares owned after transaction: not specified in the excerpt of the filing.
• Footnotes: (1) Class E Partnership Units are redeemable for an equal number of Class E common shares or for cash equal to their net asset value at the issuer’s discretion and have no expiration. (2) Units were distributed in connection with the reporting person’s service as an employee of the issuer’s external investment adviser.
• Filing status: This is an amended Form 4 (Form 4/A) that corrects the number of units reported in the original filing.

Context

• These are derivative/partnership units granted or distributed as compensation and can be converted into Class E common shares or redeemed for cash by the issuer; they are not an open-market purchase or sale. Such distributions are common for compensation and do not alone indicate the insider’s view of the company’s stock.