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.
Price Chart
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
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
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
Investment Themes
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 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 7, 2026 8w ago | 8-K | $46.84 $44.63 | ▼ −4.72% | ▼ −4.32% | $40.20 (−14.18%) |
Aug 6, 2026 8w ago | 424B5 | $46.84 $44.63 | ▲ +4.72% | ▲ +4.32% | $40.20 (+14.18%) |
Aug 5, 2026 8w ago | S-3ASR | $47.00 $45.18 | ▼ −3.87% | ▼ −4.47% | $40.20 (−14.47%) |
Aug 5, 2026 8w ago | 8-K | $47.36 $45.07 | ▼ −4.84% | ▼ −4.23% | $40.20 (−15.12%) |
Jun 23, 2026 14w ago | 8-K | $46.51 $48.97 | ▲ +5.29% | ▲ +3.36% | $40.20 (−13.57%) |
Apr 30, 2026 22w ago | 8-K | $43.79 $44.85 | ▲ +2.42% | ▼ −2.55% | $40.20 (−8.20%) |
Mar 6, 2026 30w ago | Insider Cluster | $44.50 $42.50 | ▼ −4.49% | ▼ −2.45% | $40.20 (−9.66%) |
US Market Status
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