Howard Schwimmer - Jun 1, 2022 Form 4 Insider Report for Rexford Industrial Realty, Inc. (REXR)

Role: Co-CEO, Co-President, Director
Signature: /s/ Howard Schwimmer
Stock symbol: REXR
Transactions as of: Jun 1, 2022
Transactions value $: $0
Form type: 4
Date filed: 6/3/2022, 08:51 PM
Previous filing: Jan 20, 2022
Next filing: Jun 15, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	REXR	Common Stock, par value $0.01	Conversion of derivative security	$0	+58.4K	+137.24%	$0.00	101K	Jun 1, 2022	Direct	F1
holding	REXR	Common Stock, par value $0.01						13.6K	Jun 1, 2022	See Footnote	F2

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	REXR	Operating Partnership Units	Conversion of derivative security	$0	-58.4K	-34.1%	$0.00	113K	Jun 1, 2022	Common Stock, par value $0.01	58.4K		Direct	F1, F3, F4, F5
holding	REXR	Operating Partnership Units						7.28K	Jun 1, 2022	Common Stock, par value $0.01	7.28K		See Footnote	F3, F4, F6
holding	REXR	Operating Partnership Units						42K	Jun 1, 2022	Common Stock, par value $0.01	42K		See Footnote	F3, F4, F7

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

Explanation of Responses:

Id	Content
F1	Represents common units of limited partnership interest ("OP Units") of Rexford Industrial Realty, L.P. (the "Operating Partnership") tendered by the Reporting Person for redemption and exchange into common stock of the Issuer in accordance with the terms of the Limited Partnership Agreement of the Operating Partnership.
F2	Represents shares of common stock held by the Schwimmer Family Irrevocable Trust (the "Family Trust"), for which the Reporting Person is a trustee. The Reporting Person disclaims beneficial ownership of such common stock, except to the extent of his pecuniary interest therein.
F3	Represents OP Units in the Operating Partnership. The Issuer is the general partner of the Operating Partnership. OP Units are redeemable for cash equal to the then-current market value of one share of common stock, or at the election of the Issuer, for shares of the Issuer's common stock on a one-for-one basis.
F4	n/a
F5	The Reporting Person also owns the following derivative securities: (i) 424,064 LTIP Units, a class of limited partnership units in the Operating Partnership and (ii) 365,694 Performance Units, a class of limited partnership units in the Operating Partnership.
F6	Represents OP Units held by the Schwimmer Living Trust dated December 14, 2001, for which the Reporting Person is a trustee. The Reporting Person disclaims beneficial ownership of such OP Units, except to the extent of his pecuniary interest therein.
F7	Represents OP Units held by the Family Trust, for which the Reporting Person is a trustee. The Reporting Person disclaims beneficial ownership of such OP Units, except to the extent of his pecuniary interest therein.