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(\"NNN OP\") completed the acquisition of the business of its former advisor, BrixInvest, LLC (\"BrixInvest\") through a contribution of substantially all of the assets and liabilities of BrixInvest to NNN OP by BrixInvest's wholly owned subsidiary Daisho OP Holdings, LLC (\"Daisho\") pursuant to which NNN OP issued its Class M OP Units to Daisho as consideration for the contribution (the \"Self-Management Transaction\"). In connection with the Self-Management Transaction, BrixInvest distributed all of its membership interests in Daisho to the members of BrixInvest. After the one-year anniversary of the Self-Management Transaction, Daisho is expected to distribute the Class M OP Units to its members."},{"field":"reported_value","element":"transactionTotalValue","label":"F2","text":"The reported securities represent the reporting person's proportionate interest in the total amount of Class M OP Units held directly by Daisho."},{"field":"price","element":"transactionPricePerShare","label":"F5","text":"The Class M OP Units were issued to Daisho in exchange for Daisho's contribution of its assets in the Self-Management Transaction.  Accordingly, the price per derivative security is not applicable."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F3","text":"Pursuant to the provisions contained in the second amended and restated limited partnership agreement of NNN OP, a holder of Class M OP Units that have been outstanding for at least one year may be converted into shares of the issuer's Class C common stock, subject to a reduced conversion ratio if converted prior to December 31, 2023. The Class M OP Units that are held for four years are convertible at an initial conversion ratio of 5.0 which may increase if certain performance milestones are achieved."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F4","text":"There is no expiration date in connection with the Class M OP Units issued to the reporting person."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F6","text":"The reported securities are held directly by Daisho.  The reporting person holds a non-controlling equity interest in Daisho."}],"balance_after":37305,"derivative":{"exercise_price":0,"underlying":"Class M OP Units","underlying_shares":37305},"source":{"system":"sec-edgar","filing":"0001645873-20-000011","document":"wf-form4_157807827123671.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/904277/000164587320000011/wf-form4_157807827123671.xml","form_type":"4"}}]}