Home > Insider Trading > Filing (0002012901-24-000007)

Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1645873	Modiv Industrial Inc.	MDV	Real Estate Investment Trusts (6798)	474156046

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
2012901	First City Investment Group, Llc	21140 S Avalon Blvd. Carson CA 90745		No	No	Yes	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class C Common Stock	Disposition	2024-08-01	123,809	$14.80	530,135	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class C Common Stock	Units of Class C Limited Partnership Interest	Disposition	2024-08-01	656,191	$14.80	656,191	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0			No	4	S	Direct

Footnotes

On July 31, 2024, the reporting person entered into a securities purchase agreement with Modiv Industrial, Inc. (the "Issuer") and Modiv Operating Partnership, LP (the "Operating Partnership"), pursuant to which, on August 1, 2024, the Issuer repurchased from the reporting person 123,809 shares of Class C common stock of the Issuer and the Operating Partnership repurchased from the reporting person 656,191 units of Class C limited partnership interest ("Class C OP Units") of the Operating Partnership for an aggregate purchase price of $11,544,000, or $14.80 per share of Class C common stock or Class C OP Unit, as applicable.
Pursuant to the third amended and restated limited partnership agreement, as amended, of the Operating Partnership, holders of Class C OP Units have the right, subject to a holding period, to require the Operating Partnership to redeem such Class C OP Units for cash equal to the daily market value of one share of the Issuer's Class C common stock for the prior ten trading days or, at the Issuer's election, for shares of the Issuer's Class C common stock on a one-for-one basis. There was no expiration date in connection with the reporting person's Class C OP Units.