X0306 4 2019-07-17 0 0001728951 ESSENTIAL PROPERTIES REALTY TRUST, INC. EPRT 0001743350 Hai Hillary P 902 CARNEGIE CENTER BLVD. SUITE 520 PRINCETON NJ 08540 0 1 0 0 Senior VP and CFO OP Units 2019-07-17 4 J 0 35793 A Common Stock 35793 D The OP Units ("OP Units") are units of limited partnership interest issued by Essential Properties, L.P., a Delaware limited partnership and the entity through which Essential Properties Realty Trust, Inc. (the "Company") holds substantially all of its assets and conducts its operations. The OP Units are redeemable by the holder for cash or, at the Company's election, may be exchanged for shares of the Company's common stock at a one-to-one ratio, subject to anti-dilution adjustments. The reporting person received these OP Units pursuant to a pro rata distribution made by EPRT Holdings, LLC ("EPRT Holdings"). The reporting person has a non-controlling equity interest in EPRT Holdings. /s/ Hillary P. Hai 2019-07-19