SANDRA G. SCIUTTO - 28 Mar 2024 Form 4 Insider Report for Modiv Industrial, Inc. (MDV)

Role
CAO
Signature
/s/ John Raney, by Power of Attorney for Sandra G. Sciutto
Issuer symbol
MDV
Transactions as of
28 Mar 2024
Transactions value $
$0
Form type
4
Filing time
01 Apr 2024, 13:57:07 UTC
Previous filing
08 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MDV COMMON STOCK, CLASS C Conversion of derivative security +31,668 31,667 28 Mar 2024 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MDV Class R OP Units Options Exercise -12,667 -100% 0 28 Mar 2024 COMMON STOCK, CLASS C 31,667 Direct F1
transaction MDV Class C OP Units Options Exercise +31,668 31,667 28 Mar 2024 COMMON STOCK, CLASS C 31,667 Direct F1
transaction MDV Class C OP Units Conversion of derivative security -31,668 -100% 0 28 Mar 2024 COMMON STOCK, CLASS C 31,667 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 There is no expiration date in connection with the 12,667 Class R OP Units ("Class R OP Units") of Modiv Operating Partnership, LP (the "Partnership"), issued to the reporting person; however, the Class R OP Units automatically and mandatorily converted into Class C OP Units of the Partnership ("Class C OP Units") on March 28, 2024 on a 2.5:1 basis. The Class C OP Units are redeemable for cash or, at the issuer's option, exchangeable for shares of the issuer's Class C Common Stock on a 1:1 basis, and have no expiration.