Michael S. Gamzon - 01 Feb 2022 Form 4 Insider Report for INDUS REALTY TRUST, INC.

Role: President and CEO, Director, 10%+ Owner
Signature: /s/Michael Gamzon
Issuer symbol: N/A
Transactions as of: 01 Feb 2022
Net transactions value: $0
Form type: 4
Filing time: 03 Feb 2022, 16:48:30 UTC
Next filing: 04 Mar 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	INDT	Common Stock	Options Exercise	$0	+1,195	+6.3%	$0.000000	20,289	01 Feb 2022	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
holding	INDT	Restricted Stock Units						1,195	01 Feb 2022	Common Stock	1,195	$0.000000	Direct	F2
holding	INDT	Restricted Stock Units						1,195	01 Feb 2022	Common Stock	1,195	$0.000000	Direct	F2
holding	INDT	Performance Stock Units						3,586	01 Feb 2022	Common Stock	3,586	$0.000000	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents the conversion upon vesting of restricted stock units into common stock on February 1, 2022. These restricted stock units and shares of common stock were acquired under the Company's 2020 Incentive Award Plan.
F2	Each restricted stock unit represents the contingent right to receive one share of common stock upon vesting of the unit.
F3	Performance-based restricted stock unit award granted under the Company's 2020 Incentive Award Plan.