NNN NNN REIT, INC.
NEUTRAL
Impact: 3/10
Insider Cluster (2 insiders)
Insider cluster: 2 insiders, $1.8M total
Final — all horizons settled through T+60d
NNN ▼ -2.87% at T+60d
NEUTRAL call ✗ call lost -2.87% · α vs SPY -15.65% · entry $44.50 → $43.22
Currently $45.99 · +3.35% 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 3mo ago
T+20d
-4.49%
call -4.49% · α -2.45%
$42.50
settled 2mo ago
T+60d
-2.87%
call -2.87% · α -15.65%
$43.22
settled 9d ago
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
5w ago
|
8-K
| $43.79 $44.85 | ▲ +2.42% | ▼ −2.55% | $45.99 (+5.02%) |
|
Mar 6, 2026
13w ago
|
Insider Cluster
| $44.50 $42.50 | ▼ −4.49% | ▼ −2.45% | $45.99 (+3.35%) |
Showing 2 of 2
US Market Status
Market Closed — Opens Thu (10h 4m)
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