NNN NNN REIT, INC.
NEUTRAL
Impact: 3/10
Insider Cluster (2 insiders)
Insider cluster: 2 insiders, $1.8M total
Latest settled — T+20d
NNN ▼ -4.49% at T+20d
NEUTRAL call ✗ call lost -4.49% · α vs SPY -2.45% · entry $44.50 → $42.50
Last close $45.00 (close May 22) · +1.13% from $44.50 entry
T+1d
+2.14%
call +2.14% · α +1.29%
$45.45
settled 3mo ago
T+5d
+1.15%
call +1.15% · α +2.68%
$45.01
settled 2mo ago
T+20d
-4.49%
call -4.49% · α -2.45%
$42.50
settled 7w ago
T+60d
—
call — · α —
—
in 8d
Price Chart
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Executive Summary
NNN REIT CEO Stephen Horn sold nearly $1.5M in shares, followed by EVP Jonathan Adamo selling $270K, both in open-market transactions within the past week. The sales total $1.76M, representing a small fraction of the company's $8.6B market cap.
Key Financial Metrics
Direction
selling
Total Value
$1.8M
Insiders
2
Actionable Insight
Monitor for additional selling in the coming weeks; while this level of selling is within normal ranges for a company of this size, concentrated executive sales could signal caution if they accelerate.
Key Facts
- CEO Stephen Horn sold 33,192 shares for $1,492,976 in an open-market transaction.
- EVP Jonathan Adamo sold 6,000 shares for $269,940 in an open-market transaction.
- Total insider sales in the cluster: $1.76 million over 7 days.
- Total sales represent approximately 0.02% of NNN's $8.6B market cap.
- Both transactions were open-market sales (Form 4 code 'S'), not related to derivatives, taxes, or gifts.
Financial Impact
$1.76 million in total open-market share sales by two executives
insider ownershipshare count
Risk Factors
- Perception of insider pessimism if no clear rationale is provided.
- Potential for negative sentiment if sales continue in next reporting window.
Market Snapshot
Exchange
NYSE
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CONTEXT: Insider Cluster Data (2 trades, 7d window) | cluster-NNN-1773086929929 |
2 reports for NNN
Filters
Rows
| Type | Now | ||||
|---|---|---|---|---|---|
|
Apr 30, 2026
23d ago
|
8-K
| $43.79 $44.71 | ▲ +2.10% | ▲ +0.37% | $45.00 (+2.76%) |
|
Mar 6, 2026
11w ago
|
Insider Cluster
| $44.50 $45.01 | ▲ +1.15% | ▲ +2.68% | $45.00 (+1.13%) |
Showing 2 of 2
US Market Status
Market Closed — Opens Tue (34h 49m)
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