{"url_path":"/sec/nlcp/10-q/2026/item-2","section_key":"item-2","section_title":"Item 2 UNREGISTERED SALES OF EQUITY SECURITIES AND ISSUER PURCHASE OF EQUITY SECURITIES.","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-08","source_url":"https://www.sec.gov/Archives/edgar/data/1854964/0001854964-26-000017-index.html","accession_number":"0001854964-26-000017","cik":"0001854964","ticker":"NLCP","issuer_name":"NewLake Capital Partners, Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1854964/0001854964-26-000017-index.html","primary_entity_key":"0001854964","primary_entity_name":"NewLake Capital Partners, Inc."},"word_count":381,"has_tables":true,"body_markdown":"ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND ISSUER PURCHASE OF EQUITY SECURITIES.\n\nOn November 7, 2022, our board of directors authorized a common stock repurchase program, to repurchase up to $10.0 million of our outstanding common stock (the “Repurchase Program”). Such authorization had an expiration date of December 31, 2023. On September 15, 2023, our board of directors authorized an amendment to the Repurchase Program for the repurchase of up to an additional $10.0 million of its outstanding common stock and extended the Repurchase Program through December 31, 2024. On November 19, 2024, our board of directors authorized extending the duration of the Repurchase Program to conclude on December 31, 2026. The Company did not acquire any shares of common stock pursuant to the Repurchase Program during the three months ended March 31, 2026. The remaining availability under the Repurchase Program as of March 31, 2026 was approximately $8.2 million.\n\nThe following is a summary of common shares repurchased and shares withheld from our employees to satisfy certain tax obligations in connection with the vesting of restricted stock awards and performance stock awards during the three months ended March 31, 2026:\n\nPeriod\n\nTotal Number of Common Shares Purchased(1)\n\nAverage Price Paid Per Common Share(2)\n\nTotal Number of Common Shares Purchased as Part of Publicly Announced Plans or Programs\n\nApproximate Dollar Value of Common Shares That May Yet Be Purchased Under the Plan Or Programs(3)\n\nJanuary 1, 2026-January 31, 2026\n13,236— — $8,193,910 \n\nFebruary 1 2026-February 28, 2026\n2,742— — $8,193,910 \n\nMarch 1, 2026-March 31, 2026\n5,317— — $8,193,910 \n\nTotal for the three months ended March 31, 2026\n21,295 — — \n\n(1) Total shares purchased includes shares of common stock owned by certain of our employees which have been withheld by them to satisfy their tax and other compensation related withholdings associated with the vesting of restricted stock units and performance stock units issued under the 2021 Equity Incentive Plan.\n\n(2) Average price per common share includes commissions paid in connection with the stock repurchased under the Repurchase Program. The withheld shares to satisfy tax obligations of vested restricted stock units and vested performance stock units are excluded.\n\n(3) During the three months ended March 31, 2026, the Company did not repurchase any shares of Common Stock under the Repurchase Program."}