Company: NNN
Filing Date: 2025-06-24
Form Type: 424B5
Source: 0001193125-25-145374
Chunk: 90

Company: NNN REIT, INC.
Filing Date: 2025-06-24
Form: 424B5
Chunk 90
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 fullest extent provided by Maryland law. Our Articles of Incorporation and Bylaws permit us to cover directors and officers under our directors’ and officers’ liability insurance. The Maryland General Corporation Law provides that we may indemnify directors and officers unless:

| • |     | the director actually received an improper benefit or profit in money, property or services; |

| • |     | the act or omission of the director was material to the matter giving rise to the proceeding and was committed in 
 bad faith or was the result of active and deliberate dishonesty; or                                               |

| • |     | in a criminal proceeding, the director had reasonable cause to believe that the act or omission was unlawful. |

Transfer Agent Equiniti Trust Company, LLC is the transfer agent of our common stock. 32

DESCRIPTION OF STOCK PURCHASE CONTRACTS The following description contains general terms and provisions of stock purchase contracts to which any prospectus supplement may relate. The particular terms of the stock purchase contracts offered by any prospectus supplement and the extent, if any, to which such general provisions may not apply to the stock purchase contracts so offered will be described in the prospectus supplement relating to such stock purchase contracts. For more information, please refer to the provisions of the stock purchase contract, a form of which we will file with the SEC at or prior to the time of the sale of the stock purchase contracts. We may issue stock purchase contracts, which are contracts obligating holders to purchase from or sell to us, and obligating us to purchase from or sell to the holders, a specified number of shares of our common stock or preferred stock at a future date or dates. The price per share of common stock or preferred stock may be fixed at the time the stock purchase contracts are issued or may be determined by reference to a specific formula contained in the stock purchase contracts. We may issue stock purchase contracts in such amounts and in as many distinct series as we wish. The prospectus supplement may contain, where applicable, the following information about the stock purchase contracts issued under it:

| • |     | whether the stock purchase contracts obligate the holder to purchase or sell, or both purchase and sell, shares                                
 of our common stock or preferred stock and the nature and amount of common stock or preferred stock, or the method of determining that amount; |

| • |     | whether the stock purchase contracts are to be prepaid or not; |

| • |     | whether the stock purchase contracts are to be settled by delivery, or by reference or linkage to the value,