Filing Details
- Accession Number:
- 0001645873-24-000060
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2024-04-01 13:57:18
- Reporting Period:
- 2024-03-28
- Accepted Time:
- 2024-04-01 13:57:18
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1645873 | Modiv Industrial Inc. | MDV | () | 4 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1615279 | Scott Aaron Halfacre | 200 S. Virginia Street Suite 800 Reno NV 89501 | Ceo And President | Yes | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock, Class C | Acquisiton | 2024-03-28 | 29,877 | $0.00 | 105,379 | No | 4 | C | Direct | |
| Common Stock, Class C | Disposition | 2024-03-28 | 1,030 | $17.13 | 104,349 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | C | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock, Class C | Class P OP Units | Disposition | 2024-03-28 | 40,000 | $0.00 | 66,667 | $0.00 |
| Common Stock, Class C | Class R OP Units | Disposition | 2024-03-28 | 210,667 | $0.00 | 526,668 | $0.00 |
| Common Stock, Class C | Class C OP Units | Acquisiton | 2024-03-28 | 66,667 | $0.00 | 66,667 | $0.00 |
| Common Stock, Class C | Class C OP Units | Acquisiton | 2024-03-28 | 526,668 | $0.00 | 526,668 | $0.00 |
| Common Stock, Class C | Class C OP Units | Disposition | 2024-03-28 | 110,000 | $0.00 | 110,000 | $0.00 |
| Common Stock, Class C | Class C OP Units | Disposition | 2024-03-28 | 29,877 | $0.00 | 29,877 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | No | 4 | M | Direct | ||
| 0 | No | 4 | M | Direct | ||
| 66,667 | No | 4 | M | Direct | ||
| 593,334 | No | 4 | M | Direct | ||
| 483,334 | No | 4 | J | Direct | ||
| 453,458 | No | 4 | C | Direct |
Footnotes
- 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.
- There is no expiration date in connection with the 40,000 Class P OP Units ("Class P OP Units") of Modiv Operating Partnership, LP (the "Partnership"), issued to the reporting person; however, the Class P OP Units automatically and mandatorily converted into Class C OP Units of the Partnership ("Class C OP Units") on March 28, 2024 on a 1.66667:1 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.
- There is no expiration date in connection with the 210,667 Class R OP Units ("Class R OP Units") of the Partnership issued to the reporting person; however, the Class R OP Units automatically and mandatorily converted into 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.
- On March 28, 2024, the respondent transferred 110,000 Class C OP Units to his former spouse pursuant to an existing divorce settlement.
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