GNL

SEC source: 0000950142-24-001713 · es240500962_4-gnlschorsch.xml · nonDerivative · entry 2

SCHORSCH NICHOLAS S · CIK 0001248577 · 10% owner

Bellevue Capital Partners, LLC · CIK 0001907225 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By LLC, see footnote

Disclosed balance after: 1,929,073

F4 · price: These shares were sold for tax planning purposes. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $7.06 to $7.12, inclusive. The Reporting Persons undertake to provide to the staff of the Securities and Exchange Commission, to any security holder of the Issuer, or to the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.

F2 · ownership.nature: Held directly by Bellevue Capital Partners, LLC.

F3 · ownership.nature: Mr. Nicholas S. Schorsch is the sole managing member of Bellevue Capital Partners, LLC ("BCP"), who is the sole member of each of MWM I, LLC, MWM PIC, LLC, AR Global Investments, LLC and AR Capital, LLC. AR Global Investments, LLC is the sole member of American Realty Capital Global II Special LP, LLC.

SEC source: 0000950142-24-001713 · es240500962_4-gnlschorsch.xml · nonDerivative · entry 1

SCHORSCH NICHOLAS S · CIK 0001248577 · 10% owner

Bellevue Capital Partners, LLC · CIK 0001907225 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By LLC, see footnote

Disclosed balance after: 2,079,073

F1 · price: These shares were sold for tax planning purposes. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $7.17 to $7.25, inclusive. The Reporting Persons undertake to provide to the staff of the Securities and Exchange Commission, to any security holder of the Issuer, or to the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.

F2 · ownership.nature: Held directly by Bellevue Capital Partners, LLC.

F3 · ownership.nature: Mr. Nicholas S. Schorsch is the sole managing member of Bellevue Capital Partners, LLC ("BCP"), who is the sole member of each of MWM I, LLC, MWM PIC, LLC, AR Global Investments, LLC and AR Capital, LLC. AR Global Investments, LLC is the sole member of American Realty Capital Global II Special LP, LLC.

SEC source: 0000950142-24-001679 · es240498900_4-gnlschorsch.xml · nonDerivative · entry 3

SCHORSCH NICHOLAS S · CIK 0001248577 · 10% owner

Bellevue Capital Partners, LLC · CIK 0001907225 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By LLC, see footnote

Disclosed balance after: 2,229,073

F5 · price: These shares were sold for tax planning purposes. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $7.05 to $7.16, inclusive. The Reporting Persons undertake to provide to the staff of the Securities and Exchange Commission, to any security holder of the Issuer, or to the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.

F2 · ownership.nature: Held directly by Bellevue Capital Partners, LLC.

F3 · ownership.nature: Mr. Nicholas S. Schorsch is the sole managing member of Bellevue Capital Partners, LLC ("BCP"), who is the sole member of each of MWM I, LLC, MWM PIC, LLC, AR Global Investments, LLC and AR Capital, LLC. AR Global Investments, LLC is the sole member of American Realty Capital Global II Special LP, LLC.

SEC source: 0000950142-24-001679 · es240498900_4-gnlschorsch.xml · nonDerivative · entry 2

SCHORSCH NICHOLAS S · CIK 0001248577 · 10% owner

Bellevue Capital Partners, LLC · CIK 0001907225 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By LLC, see footnote

Disclosed balance after: 2,679,073

F4 · price: These shares were sold for tax planning purposes. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $7.15 to $7.22, inclusive. The Reporting Persons undertake to provide to the staff of the Securities and Exchange Commission, to any security holder of the Issuer, or to the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.

F2 · ownership.nature: Held directly by Bellevue Capital Partners, LLC.

F3 · ownership.nature: Mr. Nicholas S. Schorsch is the sole managing member of Bellevue Capital Partners, LLC ("BCP"), who is the sole member of each of MWM I, LLC, MWM PIC, LLC, AR Global Investments, LLC and AR Capital, LLC. AR Global Investments, LLC is the sole member of American Realty Capital Global II Special LP, LLC.

SEC source: 0000950142-24-001679 · es240498900_4-gnlschorsch.xml · nonDerivative · entry 1

SCHORSCH NICHOLAS S · CIK 0001248577 · 10% owner

Bellevue Capital Partners, LLC · CIK 0001907225 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By LLC, see footnote

Disclosed balance after: 3,112,423

F1 · price: These shares were sold for tax planning purposes. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $7.16 to $7.20, inclusive. The Reporting Persons undertake to provide to the staff of the Securities and Exchange Commission, to any security holder of the Issuer, or to the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.

F2 · ownership.nature: Held directly by Bellevue Capital Partners, LLC.

F3 · ownership.nature: Mr. Nicholas S. Schorsch is the sole managing member of Bellevue Capital Partners, LLC ("BCP"), who is the sole member of each of MWM I, LLC, MWM PIC, LLC, AR Global Investments, LLC and AR Capital, LLC. AR Global Investments, LLC is the sole member of American Realty Capital Global II Special LP, LLC.

SEC source: 0000950142-24-001644 · es240497120_4-gnlschorsch.xml · nonDerivative · entry 3

SCHORSCH NICHOLAS S · CIK 0001248577 · 10% owner

Bellevue Capital Partners, LLC · CIK 0001907225 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By LLC, see footnote

Disclosed balance after: 3,201,694

F5 · price: These shares were sold for tax planning purposes. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $7.14 to $7.26, inclusive. The Reporting Persons undertake to provide to the staff of the Securities and Exchange Commission, to any security holder of the Issuer, or to the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.

F2 · ownership.nature: Held directly by Bellevue Capital Partners, LLC.

F3 · ownership.nature: Mr. Nicholas S. Schorsch is the sole managing member of Bellevue Capital Partners, LLC ("BCP"), who is the sole member of each of MWM I, LLC, MWM PIC, LLC, AR Global Investments, LLC and AR Capital, LLC. AR Global Investments, LLC is the sole member of American Realty Capital Global II Special LP, LLC.

SEC source: 0000950142-24-001644 · es240497120_4-gnlschorsch.xml · nonDerivative · entry 2

SCHORSCH NICHOLAS S · CIK 0001248577 · 10% owner

Bellevue Capital Partners, LLC · CIK 0001907225 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By LLC, see footnote

Disclosed balance after: 3,401,694

F4 · price: These shares were sold for tax planning purposes. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $7.23 to $7.26, inclusive. The Reporting Persons undertake to provide to the staff of the Securities and Exchange Commission, to any security holder of the Issuer, or to the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.

F2 · ownership.nature: Held directly by Bellevue Capital Partners, LLC.

F3 · ownership.nature: Mr. Nicholas S. Schorsch is the sole managing member of Bellevue Capital Partners, LLC ("BCP"), who is the sole member of each of MWM I, LLC, MWM PIC, LLC, AR Global Investments, LLC and AR Capital, LLC. AR Global Investments, LLC is the sole member of American Realty Capital Global II Special LP, LLC.

SEC source: 0001104659-24-072439 · tm2417418-2_4seq1.xml · nonDerivative · entry 1

KAUFFMAN ROBERT I · CIK 0001124462 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 17,808

F1 · shares: Represents restricted stock units ("RSUs") issued pursuant to Global Net Lease, Inc.'s (the "Registrant") 2021 Omnibus Incentive Compensation Plan that vest on May 22, 2025. Each RSU represents the contingent right to receive one share of the Registrant's common stock upon vesting of the RSU.

SEC source: 0001104659-24-072438 · tm2417418-1_4seq1.xml · nonDerivative · entry 1

Monahan Michael J. U. · CIK 0002015021 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 17,808

F1 · shares: Represents restricted stock units ("RSUs") issued pursuant to Global Net Lease, Inc.'s (the "Registrant") 2021 Omnibus Incentive Compensation Plan that vest on May 22, 2025. Each RSU represents the contingent right to receive one share of the Registrant's common stock upon vesting of the RSU.

SEC source: 0001104659-24-072447 · tm2417418-4_4seq1.xml · nonDerivative · entry 1

Antone M. Therese · CIK 0001807287 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 36,716

F1 · shares: Represents restricted stock units ("RSUs") issued pursuant to Global Net Lease, Inc.'s (the "Registrant") 2021 Omnibus Incentive Compensation Plan that vest on May 22, 2025. Each RSU represents the contingent right to receive one share of the Registrant's common stock upon vesting of the RSU.

SEC source: 0001104659-24-072449 · tm2417418-5_4seq1.xml · nonDerivative · entry 1

PERLA STANLEY R · CIK 0001259945 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 87,049

F1 · shares: Represents restricted stock units ("RSUs") issued pursuant to Global Net Lease, Inc.'s (the "Registrant") 2021 Omnibus Incentive Compensation Plan that vest on May 22, 2025. Each RSU represents the contingent right to receive one share of the Registrant's common stock upon vesting of the RSU.

SEC source: 0000950142-24-001644 · es240497120_4-gnlschorsch.xml · nonDerivative · entry 1

SCHORSCH NICHOLAS S · CIK 0001248577 · 10% owner

Bellevue Capital Partners, LLC · CIK 0001907225 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By LLC, see footnote

Disclosed balance after: 3,546,752

F1 · price: These shares were sold for tax planning purposes. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $7.28 to $7.36, inclusive. The Reporting Persons undertake to provide to the staff of the Securities and Exchange Commission, to any security holder of the Issuer, or to the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.

F2 · ownership.nature: Held directly by Bellevue Capital Partners, LLC.

F3 · ownership.nature: Mr. Nicholas S. Schorsch is the sole managing member of Bellevue Capital Partners, LLC ("BCP"), who is the sole member of each of MWM I, LLC, MWM PIC, LLC, AR Global Investments, LLC and AR Capital, LLC. AR Global Investments, LLC is the sole member of American Realty Capital Global II Special LP, LLC.

SEC source: 0001104659-24-072452 · tm2417418-7_4seq1.xml · nonDerivative · entry 1

MICHELSON LESLIE D · CIK 0001189691 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 82,282

F1 · shares: Represents restricted stock units ("RSUs") issued pursuant to Global Net Lease, Inc.'s (the "Registrant") 2021 Omnibus Incentive Compensation Plan that vest on May 22, 2025. Each RSU represents the contingent right to receive one share of the Registrant's common stock upon vesting of the RSU.

SEC source: 0001104659-24-072453 · tm2417418-8_4seq1.xml · nonDerivative · entry 1

Rendell Edward G · CIK 0001510348 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 135,782

F1 · shares: Represents restricted stock units ("RSUs") issued pursuant to Global Net Lease, Inc.'s (the "Registrant") 2021 Omnibus Incentive Compensation Plan that vest on May 22, 2025. Each RSU represents the contingent right to receive one share of the Registrant's common stock upon vesting of the RSU.

SEC source: 0001104659-24-072451 · tm2417418-6_4seq1.xml · nonDerivative · entry 1

Kabnick Lisa · CIK 0001651042 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 250,829

F1 · shares: Represents restricted stock units ("RSUs") issued pursuant to Global Net Lease, Inc.'s (the "Registrant") 2021 Omnibus Incentive Compensation Plan that vest on May 22, 2025. Each RSU represents the contingent right to receive one share of the Registrant's common stock upon vesting of the RSU.

SEC source: 0001104659-24-072443 · tm2417418-3_4seq1.xml · nonDerivative · entry 1

Portia Sue Perrotty · CIK 0001593197 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 93,799

F1 · shares: Represents restricted stock units ("RSUs") issued pursuant to Global Net Lease, Inc.'s (the "Registrant") 2021 Omnibus Incentive Compensation Plan that vest on May 22, 2025. Each RSU represents the contingent right to receive one share of the Registrant's common stock upon vesting of the RSU.

SEC source: 0001104659-24-070951 · tm2417150-1_4seq1.xml · nonDerivative · entry 1

Masterson Christopher J. · CIK 0001722503 · CFO, Secretary and Treasurer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 216,971

F1 · shares: Represents shares of Common Stock of Global Net Lease, Inc. (the "Registrant") withheld to pay taxes on the vesting of shares previously granted to the reporting person under the 2021 Omnibus Incentive Compensation Plan of the Registrant.

F2 · balance_after: Includes 130,442 RSUs and 86,529 shares of Common Stock.

SEC source: 0001104659-24-054234 · tm2413028-1_4seq1.xml · nonDerivative · entry 1

Masterson Christopher J. · CIK 0001722503 · CFO, Secretary and Treasurer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 221,106

F1 · shares: Represents shares of Common Stock of Global Net Lease, Inc. (the "Registrant") withheld to pay taxes on the vesting of shares previously granted to the reporting person under the 2021 Omnibus Incentive Compensation Plan of the Registrant.

F2 · balance_after: Includes 130,442 RSUs and 90,664 shares of Common Stock.

SEC source: 0001104659-24-056551 · tm2413423-1_4seq1.xml · nonDerivative · entry 1

Weil Edward M Jr. · CIK 0001490448 · Director · CEO, President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 258,029

F1 · shares: Represents shares of Common Stock of Global Net Lease, Inc. (the "Registrant") withheld to pay taxes on the vesting of shares previously granted to the reporting person under the 2021 Omnibus Incentive Compensation Plan of the Registrant.

F2 · balance_after: Includes 188,196 RSUs and 69,833 shares of Common Stock.

SEC source: 0001104659-24-031493 · tm248050-1_4seq1.xml · nonDerivative · entry 1

Masterson Christopher J. · CIK 0001722503 · CFO, Secretary and Treasurer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 224,353

F1 · shares: Restricted Stock Units ("RSUs") granted pursuant to the Global Net Lease Inc. (the "Registrant") 2021 Omnibus Incentive Compensation Plan. The RSUs will vest, if at all, in three substantially equal installments on each of the first, second, and third anniversaries of March 4, 2024, generally subject to continued employment with the Registrant through the applicable vesting date, subject to earlier vesting (in whole or in part) in connection with certain qualifying termination events.

F2 · balance_after: Includes 130,442 RSUs and 93,911 shares of common stock.

SEC source: 0001104659-24-031495 · tm248050-2_4seq1.xml · nonDerivative · entry 1

Weil Edward M Jr. · CIK 0001490448 · Director · Co-Chief Executive Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 259,939

F1 · shares: Restricted Stock Units ("RSUs") granted pursuant to the Global Net Lease Inc. (the "Registrant") 2021 Omnibus Incentive Compensation Plan. The RSUs will vest, if at all, in thirteen substantially equal installments on each monthly anniversary of March 4, 2024, generally subject to continued employment with the Registrant through the applicable vesting date, subject to earlier vesting (in whole or in part) in connection with certain qualifying termination events.

F2 · balance_after: Includes 193,379 RSUs and 66,560 shares of common stock.

SEC source: 0001104659-24-031498 · tm248050-3_4seq1.xml · nonDerivative · entry 1

Galloway Jesse Charles · CIK 0001995222 · See Remarks

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 69,532

F1 · shares: Restricted Stock Units ("RSUs") granted pursuant to the Global Net Lease Inc. (the "Registrant") 2021 Omnibus Incentive Compensation Plan. The RSUs will vest, if at all, in three substantially equal installments on each of the first, second, and third anniversaries of March 4, 2024, generally subject to continued employment with the Registrant through the applicable vesting date, subject to earlier vesting (in whole or in part) in connection with certain qualifying termination events.

SEC source: 0000950142-24-000484 · es240450129_4-gnlschorsch.xml · nonDerivative · entry 1

SCHORSCH NICHOLAS S · CIK 0001248577 · 10% owner

Bellevue Capital Partners, LLC · CIK 0001907225 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By LLC, see footnote

Disclosed balance after: 3,706,472

F1 · price: These shares were sold for tax planning purposes. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $8.06 to $8.13, inclusive. The Reporting Persons undertake to provide to the staff of the Securities and Exchange Commission, to any security holder of the Issuer, or to the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.

F2 · ownership.nature: Held directly by Bellevue Capital Partners, LLC.

F3 · ownership.nature: Mr. Nicholas S. Schorsch is the sole managing member of Bellevue Capital Partners, LLC ("BCP"), who is the sole member of each of MWM I, LLC, MWM PIC, LLC, AR Global Investments, LLC and AR Capital, LLC. AR Global Investments, LLC is the sole member of American Realty Capital Global II Special LP, LLC.

SEC source: 0000950142-24-000224 · es240442545_4-gnlschorsch.xml · nonDerivative · entry 3

SCHORSCH NICHOLAS S · CIK 0001248577 · 10% owner

Bellevue Capital Partners, LLC · CIK 0001907225 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By LLC, see footnote

Disclosed balance after: 3,861,472

F3 · price: These shares were sold for tax planning purposes. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $8.90-$8.95, inclusive. The Reporting Persons undertake to provide to the staff of the Securities and Exchange Commission, to any security holder of the Issuer, or to the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.

F4 · ownership.nature: Held directly by Bellevue Capital Partners, LLC.

F5 · ownership.nature: Mr. Nicholas S. Schorsch is the sole managing member of Bellevue Capital Partners, LLC ("BCP"), who is the sole member of each of MWM I, LLC, MWM PIC, LLC, AR Global Investments, LLC and AR Capital, LLC. AR Global Investments, LLC is the sole member of American Realty Capital Global II Special LP, LLC.

SEC source: 0000950142-24-000224 · es240442545_4-gnlschorsch.xml · nonDerivative · entry 2

SCHORSCH NICHOLAS S · CIK 0001248577 · 10% owner

Bellevue Capital Partners, LLC · CIK 0001907225 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By LLC, see footnote

Disclosed balance after: 3,866,309

F2 · price: These shares were sold for tax planning purposes. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $8.92-$8.93, inclusive. The Reporting Persons undertake to provide to the staff of the Securities and Exchange Commission, to any security holder of the Issuer, or to the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.

F4 · ownership.nature: Held directly by Bellevue Capital Partners, LLC.

F5 · ownership.nature: Mr. Nicholas S. Schorsch is the sole managing member of Bellevue Capital Partners, LLC ("BCP"), who is the sole member of each of MWM I, LLC, MWM PIC, LLC, AR Global Investments, LLC and AR Capital, LLC. AR Global Investments, LLC is the sole member of American Realty Capital Global II Special LP, LLC.

SEC source: 0000950142-24-000224 · es240442545_4-gnlschorsch.xml · nonDerivative · entry 1

SCHORSCH NICHOLAS S · CIK 0001248577 · 10% owner

Bellevue Capital Partners, LLC · CIK 0001907225 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By LLC, see footnote

Disclosed balance after: 4,024,330

F1 · price: These shares were sold for tax planning purposes. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $9.00 to $9.01, inclusive. The Reporting Persons undertake to provide to the staff of the Securities and Exchange Commission, to any security holder of the Issuer, or to the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.

F4 · ownership.nature: Held directly by Bellevue Capital Partners, LLC.

F5 · ownership.nature: Mr. Nicholas S. Schorsch is the sole managing member of Bellevue Capital Partners, LLC ("BCP"), who is the sole member of each of MWM I, LLC, MWM PIC, LLC, AR Global Investments, LLC and AR Capital, LLC. AR Global Investments, LLC is the sole member of American Realty Capital Global II Special LP, LLC.

SEC source: 0000950142-24-000213 · es240441265_4-gnlschorsch.xml · nonDerivative · entry 3

SCHORSCH NICHOLAS S · CIK 0001248577 · 10% owner

Bellevue Capital Partners, LLC · CIK 0001907225 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By LLC, see footnote

Disclosed balance after: 4,044,330

F3 · price: These shares were sold for tax planning purposes. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $8.91 to $9.00, inclusive. The Reporting Persons undertake to provide to the staff of the Securities and Exchange Commission, to any security holder of the Issuer, or to the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.

F4 · ownership.nature: Held directly by Bellevue Capital Partners, LLC.

F5 · ownership.nature: Mr. Nicholas S. Schorsch is the sole managing member of Bellevue Capital Partners, LLC ("BCP"), who is the sole member of each of MWM I, LLC, MWM PIC, LLC, AR Global Investments, LLC and AR Capital, LLC. AR Global Investments, LLC is the sole member of American Realty Capital Global II Special LP, LLC.

SEC source: 0000950142-24-000213 · es240441265_4-gnlschorsch.xml · nonDerivative · entry 2

SCHORSCH NICHOLAS S · CIK 0001248577 · 10% owner

Bellevue Capital Partners, LLC · CIK 0001907225 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By LLC, see footnote

Disclosed balance after: 4,078,465

F2 · price: These shares were sold for tax planning purposes. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $9.03 to $9.07, inclusive. The Reporting Persons undertake to provide to the staff of the Securities and Exchange Commission, to any security holder of the Issuer, or to the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.

F4 · ownership.nature: Held directly by Bellevue Capital Partners, LLC.

F5 · ownership.nature: Mr. Nicholas S. Schorsch is the sole managing member of Bellevue Capital Partners, LLC ("BCP"), who is the sole member of each of MWM I, LLC, MWM PIC, LLC, AR Global Investments, LLC and AR Capital, LLC. AR Global Investments, LLC is the sole member of American Realty Capital Global II Special LP, LLC.

SEC source: 0000950142-24-000213 · es240441265_4-gnlschorsch.xml · nonDerivative · entry 1

SCHORSCH NICHOLAS S · CIK 0001248577 · 10% owner

Bellevue Capital Partners, LLC · CIK 0001907225 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By LLC, see footnote

Disclosed balance after: 4,255,042

F1 · price: These shares were sold for tax planning purposes. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $8.90 to $8.93, inclusive. The Reporting Persons undertake to provide to the staff of the Securities and Exchange Commission, to any security holder of the Issuer, or to the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.

F4 · ownership.nature: Held directly by Bellevue Capital Partners, LLC.

F5 · ownership.nature: Mr. Nicholas S. Schorsch is the sole managing member of Bellevue Capital Partners, LLC ("BCP"), who is the sole member of each of MWM I, LLC, MWM PIC, LLC, AR Global Investments, LLC and AR Capital, LLC. AR Global Investments, LLC is the sole member of American Realty Capital Global II Special LP, LLC.

SEC source: 0000950142-24-000105 · es240438206_4-gnlschorsch.xml · nonDerivative · entry 1

SCHORSCH NICHOLAS S · CIK 0001248577 · 10% owner

Bellevue Capital Partners, LLC · CIK 0001907225 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By LLC, see footnote

Disclosed balance after: 4,405,042

F1 · price: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $10.00 to $10.03, inclusive. The Reporting Persons undertake to provide to the staff of the Securities and Exchange Commission, to any security holder of the Issuer, or to the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.

F2 · ownership.nature: Held directly by Bellevue Capital Partners, LLC.

F3 · ownership.nature: Mr. Nicholas S. Schorsch is the sole managing member of Bellevue Capital Partners, LLC ("BCP"), who is the sole member of each of MWM I, LLC, MWM PIC, LLC, AR Global Investments, LLC and AR Capital, LLC. AR Global Investments, LLC is the sole member of American Realty Capital Global II Special LP, LLC.

SEC source: 0001104659-23-122924 · tm2332025-3_4seq1.xml · nonDerivative · entry 2

Masterson Christopher J. · CIK 0001722503 · CFO, Secretary and Treasurer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 169,178

F1 · shares: Restricted Stock Units ("RSUs") granted pursuant to the Global Net Lease Inc. (the "Registrant") 2021 Omnibus Incentive Compensation Plan. The RSUs will vest, if at all, in three substantially equal installments on each of the first, second, and third anniversaries of October 1, 2023, generally subject to continued employment with the Registrant through the applicable vesting date, subject to earlier vesting (in whole or in part) in connection with certain qualifying termination events.

F2 · balance_after: Includes 75,267 RSUs and 93,911 shares of common stock.

SEC source: 0001104659-23-122924 · tm2332025-3_4seq1.xml · nonDerivative · entry 1

Masterson Christopher J. · CIK 0001722503 · CFO, Secretary and Treasurer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 140,109

F1 · shares: Restricted Stock Units ("RSUs") granted pursuant to the Global Net Lease Inc. (the "Registrant") 2021 Omnibus Incentive Compensation Plan. The RSUs will vest, if at all, in three substantially equal installments on each of the first, second, and third anniversaries of October 1, 2023, generally subject to continued employment with the Registrant through the applicable vesting date, subject to earlier vesting (in whole or in part) in connection with certain qualifying termination events.

SEC source: 0001104659-23-122923 · tm2332025-2_4seq1.xml · nonDerivative · entry 1

Weil Edward M Jr. · CIK 0001490448 · Director · Co-Chief Executive Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 192,554

F1 · shares: Restricted Stock Units ("RSUs") granted pursuant to the Global Net Lease Inc. (the "Registrant") 2021 Omnibus Incentive Compensation Plan. The RSUs will vest, if at all, in three substantially equal installments on each of the first, second, and third anniversaries of October 1, 2023, generally subject to continued employment with the Registrant through the applicable vesting date, subject to earlier vesting (in whole or in part) in connection with certain qualifying termination events.

F2 · balance_after: Includes 125,994 RSUs and 66,560 shares of common stock.

SEC source: 0001104659-23-122925 · tm2332025-1_4seq1.xml · nonDerivative · entry 2

Galloway Jesse Charles · CIK 0001995222 · See Remarks

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 48,354

F1 · shares: Restricted Stock Units ("RSUs") granted pursuant to the Global Net Lease Inc. (the "Registrant") 2021 Omnibus Incentive Compensation Plan. The RSUs will vest, if at all, in three substantially equal installments on each of the first, second, and third anniversaries of October 1, 2023, generally subject to continued employment with the Registrant through the applicable vesting date, subject to earlier vesting (in whole or in part) in connection with certain qualifying termination events.

SEC source: 0001104659-23-122925 · tm2332025-1_4seq1.xml · nonDerivative · entry 1

Galloway Jesse Charles · CIK 0001995222 · See Remarks

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 30,449

F1 · shares: Restricted Stock Units ("RSUs") granted pursuant to the Global Net Lease Inc. (the "Registrant") 2021 Omnibus Incentive Compensation Plan. The RSUs will vest, if at all, in three substantially equal installments on each of the first, second, and third anniversaries of October 1, 2023, generally subject to continued employment with the Registrant through the applicable vesting date, subject to earlier vesting (in whole or in part) in connection with certain qualifying termination events.

SEC source: 0000950142-23-002773 · es230420695_4-gnlschorsch.xml · nonDerivative · entry 1

SCHORSCH NICHOLAS S · CIK 0001248577 · 10% owner

Bellevue Capital Partners, LLC · CIK 0001907225 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By LLC, see footnote

Disclosed balance after: 27,010,384

F1 · kind: Reflects a distribution of shares to a former member of Bellevue Capital Partners, LLC.

F1 · price: Reflects a distribution of shares to a former member of Bellevue Capital Partners, LLC.

F2 · ownership.nature: Held directly by MWM PIC, LLC.

F3 · ownership.nature: Mr. Nicholas S. Schorsch is the sole managing member of Bellevue Capital Partners, LLC ("BCP"), who is the sole member of each of MWM I, LLC, MWM PIC, LLC, AR Global Investments, LLC and AR Capital, LLC. AR Global Investments, LLC is the sole member of American Realty Capital Global II Special LP, LLC.

SEC source: 0001104659-23-103264 · tm2326796-1_4seq1.xml · nonDerivative · entry 1

Masterson Christopher J. · CIK 0001722503 · CFO, Secretary and Treasurer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 93,911

F1 · shares: Represents shares of Common Stock of Global Net Lease, Inc. (the "Registrant") withheld to pay taxes on the vesting of shares previously granted to the reporting person under the Amended and Restated Incentive Restricted Share Plan of the Registrant.

SEC source: 0001104659-23-103561 · tm2326796-2_4seq1.xml · nonDerivative · entry 1

Nelson James Larry · CIK 0001424471 · Director · Co-CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 69,993

F1 · shares: Represents shares of Common Stock of Global Net Lease, Inc. (the "Registrant") withheld to pay taxes on the vesting of shares previously granted to the reporting person under the Amended and Restated Incentive Restricted Share Plan of the Registrant.

SEC source: 0001104659-23-100506 · tm2325961-5_4seq1.xml · nonDerivative · entry 1

PERLA STANLEY R · CIK 0001259945 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 69,241

F1 · price: Pursuant to the terms of an Agreement and Plan of Merger, dated as of May 23, 2023 (the "Merger Agreement"), by and among Global Net Lease, Inc. ("GNL"), Global Net Lease Operating Partnership, L.P. ("GNL OP"), The Necessity Retail REIT, Inc. ("RTL"), The Necessity Retail REIT Operating Partnership, L.P. ("RTL OP"), Osmosis Sub I, LLC, a wholly-owned subsidiary of GNL ("REIT Merger Sub"), and Osmosis Sub II, LLC, a wholly-owned subsidiary of GNL OP ("OP Merger Sub"), RTL merged with and into REIT Merger Sub, with REIT Merger Sub continuing as the surviving entity and a wholly-owned subsidiary of GNL (the "REIT Merger"), and OP Merger Sub merged with and into RTL OP, with RTL OP continuing as the surviving entity.

F2 · price: At the effective time of the REIT Merger, each issued and outstanding share of RTL's Class A Common Stock, par value $0.01 per share (or fraction thereof), was converted into the right to receive 0.670 shares of validly issued, fully paid and nonassessable shares of GNL's Common Stock, par value $0.01 per share..

SEC source: 0001104659-23-100509 · tm2325961-7_4seq1.xml · nonDerivative · entry 1

MICHELSON LESLIE D · CIK 0001189691 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 64,474

F1 · price: Pursuant to the terms of an Agreement and Plan of Merger, dated as of May 23, 2023 (the "Merger Agreement"), by and among Global Net Lease, Inc. ("GNL"), Global Net Lease Operating Partnership, L.P. ("GNL OP"), The Necessity Retail REIT, Inc. ("RTL"), The Necessity Retail REIT Operating Partnership, L.P. ("RTL OP"), Osmosis Sub I, LLC, a wholly-owned subsidiary of GNL ("REIT Merger Sub"), and Osmosis Sub II, LLC, a wholly-owned subsidiary of GNL OP ("OP Merger Sub"), RTL merged with and into REIT Merger Sub, with REIT Merger Sub continuing as the surviving entity and a wholly-owned subsidiary of GNL (the "REIT Merger"), and OP Merger Sub merged with and into RTL OP, with RTL OP continuing as the surviving entity.

F2 · price: At the effective time of the REIT Merger, each issued and outstanding share of RTL's Class A Common Stock, par value $0.01 per share (or fraction thereof), was converted into the right to receive 0.670 shares of validly issued, fully paid and nonassessable shares of GNL's Common Stock, par value $0.01 per share.

SEC source: 0001104659-23-100511 · tm2325961d8_4seq1.xml · nonDerivative · entry 1

Rendell Edward G · CIK 0001510348 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 117,974

F1 · price: Pursuant to the terms of an Agreement and Plan of Merger, dated as of May 23, 2023 (the "Merger Agreement"), by and among Global Net Lease, Inc. ("GNL"), Global Net Lease Operating Partnership, L.P. ("GNL OP"), The Necessity Retail REIT, Inc. ("RTL"), The Necessity Retail REIT Operating Partnership, L.P. ("RTL OP"), Osmosis Sub I, LLC, a wholly-owned subsidiary of GNL ("REIT Merger Sub"), and Osmosis Sub II, LLC, a wholly-owned subsidiary of GNL OP ("OP Merger Sub"), RTL merged with and into REIT Merger Sub, with REIT Merger Sub continuing as the surviving entity and a wholly-owned subsidiary of GNL (the "REIT Merger"), and OP Merger Sub merged with and into RTL OP, with RTL OP continuing as the surviving entity.

F2 · price: At the effective time of the REIT Merger, each issued and outstanding share of RTL's Class A Common Stock, par value $0.01 per share (or fraction thereof), was converted into the right to receive 0.670 shares of validly issued, fully paid and nonassessable shares of GNL's Common Stock, par value $0.01 per share.

SEC source: 0001104659-23-100508 · tm2325961-6_4seq1.xml · nonDerivative · entry 1

Kabnick Lisa · CIK 0001651042 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 233,021

F1 · price: Pursuant to the terms of an Agreement and Plan of Merger, dated as of May 23, 2023 (the "Merger Agreement"), by and among Global Net Lease, Inc. ("GNL"), Global Net Lease Operating Partnership, L.P. ("GNL OP"), The Necessity Retail REIT, Inc. ("RTL"), The Necessity Retail REIT Operating Partnership, L.P. ("RTL OP"), Osmosis Sub I, LLC, a wholly-owned subsidiary of GNL ("REIT Merger Sub"), and Osmosis Sub II, LLC, a wholly-owned subsidiary of GNL OP ("OP Merger Sub"), RTL merged with and into REIT Merger Sub, with REIT Merger Sub continuing as the surviving entity and a wholly-owned subsidiary of GNL (the "REIT Merger"), and OP Merger Sub merged with and into RTL OP, with RTL OP continuing as the surviving entity.

F2 · price: At the effective time of the REIT Merger, each issued and outstanding share of RTL's Class A Common Stock, par value $0.01 per share (or fraction thereof), was converted into the right to receive 0.670 shares of validly issued, fully paid and nonassessable shares of GNL's Common Stock, par value $0.01 per share.

SEC source: 0001104659-23-100909 · tm2325961-4_4seq1.xml · nonDerivative · entry 1

Weil Edward M Jr. · CIK 0001490448 · Director · Co-Chief Executive Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 66,560

F1 · price: Pursuant to the terms of an Agreement and Plan of Merger, dated as of May 23, 2023 (the "Merger Agreement"), by and among Global Net Lease, Inc. ("GNL"), Global Net Lease Operating Partnership, L.P. ("GNL OP"), The Necessity Retail REIT, Inc. ("RTL"), The Necessity Retail REIT Operating Partnership, L.P. ("RTL OP"), Osmosis Sub I, LLC, a wholly-owned subsidiary of GNL ("REIT Merger Sub"), and Osmosis Sub II, LLC, a wholly-owned subsidiary of GNL OP ("OP Merger Sub"), RTL merged with and into REIT Merger Sub, with REIT Merger Sub continuing as the surviving entity and a wholly-owned subsidiary of GNL (the "REIT Merger"), and OP Merger Sub merged with and into RTL OP, with RTL OP continuing as the surviving entity.

F2 · price: At the effective time of the REIT Merger, each issued and outstanding share of RTL's Class A Common Stock, par value $0.01 per share (or fraction thereof), was converted into the right to receive 0.670 shares of validly issued, fully paid and nonassessable shares of GNL's Common Stock, par value $0.01 per share.

SEC source: 0001104659-23-080346 · tm2321061-3_4seq1.xml · nonDerivative · entry 1

Antone M. Therese · CIK 0001807287 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 18,908

F1 · shares: Represents restricted stock units ("RSUs") issued pursuant to the issuer's 2021 Omnibus Incentive Compensation Plan that vest in increments of 1/3 per annum on each of the first three anniversaries of June 29, 2023. Each RSU represents the contingent right to receive one share of the issuer's common stock upon vesting of the RSU.

SEC source: 0001104659-23-080342 · tm2321061-1_4seq1.xml · nonDerivative · entry 1

Rendell Edward G · CIK 0001510348 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 50,501

F1 · shares: Represents restricted stock units ("RSUs") issued pursuant to the issuer's 2021 Omnibus Incentive Compensation Plan that vest in increments of 1/3 per annum on each of the first three anniversaries of June 29, 2023. Each RSU represents the contingent right to receive one share of the issuer's common stock upon vesting of the RSU.

SEC source: 0001104659-23-080347 · tm2321061-4_4seq1.xml · nonDerivative · entry 1

Wenzel Abby M. · CIK 0001575653 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 50,439

F1 · shares: Represents restricted stock units ("RSUs") issued pursuant to the issuer's 2021 Omnibus Incentive Compensation Plan that vest in increments 1/3 per annum on each of the first three anniversaries of June 29, 2023. Each RSU represents the contingent right to receive one share of the issuer's common stock upon vesting of the RSU.

SEC source: 0001104659-23-080343 · tm2321061-2_4seq1.xml · nonDerivative · entry 1

Portia Sue Perrotty · CIK 0001593197 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 75,991

F1 · shares: Represents restricted stock units ("RSUs") issued pursuant to the issuer's 2021 Omnibus Incentive Compensation Plan that vest in increments of 1/3 per annum on each of the first three anniversaries of June 29, 2023. Each RSU represents the contingent right to receive one share of the issuer's common stock upon vesting of the RSU.

SEC source: 0001104659-23-072344 · tm2319001-1_4.xml · nonDerivative · entry 1

Masterson Christopher J. · CIK 0001722503 · CFO, Secretary and Treasurer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 95,197

F1 · shares: Represents restricted shares of Common Stock of Global Net Lease, Inc. (the "Registrant") issued pursuant to the 2021 Omnibus Incentive Compensation Plan of the Registrant. The restricted shares vest in 25% increments on each of the first four anniversaries of June 12, 2023.

SEC source: 0001104659-23-056546 · tm2314865-1_4.xml · nonDerivative · entry 1

Masterson Christopher J. · CIK 0001722503 · CFO, Secretary and Treasurer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 55,197

F1 · shares: Represents shares of Common Stock of Global Net Lease, Inc. (the "Registrant") withheld to pay taxes on the vesting of shares previously granted to the reporting person under the Amended and Restated Incentive Restricted Share Plan of the Registrant.

SEC source: 0001104659-23-056550 · tm2314865-2_4.xml · nonDerivative · entry 1

Nelson James Larry · CIK 0001424471 · CEO and President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 71,279

F1 · shares: Represents shares of Common Stock of Global Net Lease, Inc. (the "Registrant") withheld to pay taxes on the vesting of shares previously granted to the reporting person under the Amended and Restated Incentive Restricted Share Plan of the Registrant.