SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
	Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person* SCHORSCH NICHOLAS S (Last) (First) (Middle) C/O BELLEVUE CAPITAL PARTNERS, LLC 222 BELLEVUE AVENUE (Street) NEWPORT RI 02840 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol Global Net Lease, Inc. [ GNL ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)
	3. Date of Earliest Transaction (Month/Day/Year) 01/19/2024
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	01/19/2024		S		150,000	D	$8.9(1)	4,255,042	I	By LLC, see footnote(4)(5)
Common Stock	01/22/2024		S		176,577	D	$9.04(2)	4,078,465	I	By LLC, see footnote(4)(5)
Common Stock	01/23/2024		S		34,135	D	$8.93(3)	4,044,330	I	By LLC, see footnote(4)(5)
Common Stock								409,945	D
Common Stock								89,264	I	By spouse
Common Stock								26,140	I	By LLC, see footnote(5)(6)
Common Stock								27,010,384	I	By LLC, see footnote(5)(7)
Common Stock								16,481	I	By LLC, see footnote(5)(8)
Common Stock								6,725	I	By LLC, see footnote(5)(9)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person* SCHORSCH NICHOLAS S (Last) (First) (Middle) C/O BELLEVUE CAPITAL PARTNERS, LLC 222 BELLEVUE AVENUE (Street) NEWPORT RI 02840 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* Bellevue Capital Partners, LLC (Last) (First) (Middle) 222 BELLEVUE AVENUE (Street) NEWPORT RI 02840 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

Explanation of Responses:

1. 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.

2. 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.

3. 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.

4. Held directly by Bellevue Capital Partners, LLC.

5. 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.

6. Held directly by MWM I, LLC.

7. Held directly by MWM PIC, LLC.

8. Held directly by AR Capital LLC.

9. Held by American Realty Capital Global II Special LP LLC.

Remarks:

The Reporting Persons are filing this Form 4 because they may be deemed to be members of a Section 13(d) group that collectively beneficially owns more than 10% of the Issuer's outstanding common stock. The Reporting Persons expressly disclaim beneficial ownership of the securities beneficially owned by the other group members. Each Reporting Person disclaims beneficial ownership in the securities reported on this Form 4 except to the extent of its pecuniary interest, if any, therein, and this report shall not be deemed to be an admission that such Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

	/s/ See signatures attached as Exhibit 99.1	01/23/2024
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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