Company: NNN
Filing Date: 2025-06-24
Form Type: 424B5
Source: 0001193125-25-145374
Chunk: 85

Company: NNN REIT, INC.
Filing Date: 2025-06-24
Form: 424B5
Chunk 85
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. 28

Our Articles of Incorporation provide that all persons who own, directly or by virtue of the attribution provisions of the Code, more than 5.0% of the outstanding capital stock, or such lower percentage as may be required pursuant to regulations under the Code or as may be requested by our Board of Directors, must file a written notice with us no later than January 31 of each year with respect to the prior year containing:

| • |     | the name and address of such owner, |

| • |     | the number of shares of capital stock owned by such holder; and |

| • |     | a description of how such shares are held. |

In addition, each stockholder shall be required to disclose, upon demand, to us in writing, such information that we may request in good faith in order to determine our status as a REIT or to comply with the requirements of any taxing authority or governmental agency. The ownership limitations described above may have the effect of precluding acquisitions of control of us by a third party. Certain Provisions of Maryland Law and Our Articles of Incorporation and Bylaws The following summary of certain provisions of the Maryland General Corporation Law and our Articles of Incorporation and Bylaws is not complete. You should read the Maryland General Corporation Law and our Articles of Incorporation, as amended, and Bylaws, as amended, for more complete information. The following provisions, together with the transfer restrictions described under “— Restrictions on Ownership,” may delay or frustrate the removal of incumbent directors or the completion of transactions that would be beneficial, in the short term, to our stockholders. The provisions may also discourage or make more difficult a merger, tender offer, other business combination or proxy contest, the assumption of control by a holder of a large block of our securities or the removal of incumbent management, even if these events would offer our stockholders a premium price on their securities or otherwise be favorable to the interests of our stockholders. Amendments to Our Charter and Bylaws and Approval of Extraordinary Actions, Under Maryland law, a Maryland corporation generally cannot amend its charter, merge, consolidate, sell all or substantially all of its assets, engage in a statutory share exchange or dissolve unless the action is advised by the board of directors and approved by the affirmative vote of stockholders entitled to cast at least two-thirdsof the votes entitled to be cast on the matter. However, a Maryland corporation may provide in its charter for approval of these actions by a lesser percentage, but not less than a majority