Richard S. Ressler - Dec 1, 2021 Form 4 Insider Report for CIM INCOME NAV, INC. (NONE)

Signature
/s/ Richard S. Ressler
Stock symbol
NONE
Transactions as of
Dec 1, 2021
Transactions value $
$420,879
Form type
4
Date filed
12/3/2021, 03:53 PM
Previous filing
Nov 3, 2021
Next filing
Dec 16, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NONE Common Stock (Class I) Award $421K +24.7K +14.37% $17.07* 196K Dec 1, 2021 By CIM Income NAV Management, LLC F1, F2
holding NONE Common Stock (Class D) 13.3K Dec 1, 2021 By CIM Income NAV Management, LLC F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On December 1, 2021, CIM Income NAV Management, LLC acquired 24,646.037 shares of the Issuer's Class I common stock, having a net asset value per share of $17.07, as payment for one-half of the monthly advisory fee for the months of October and November 2021 owed by the Issuer to CIM Income NAV Management, LLC, pursuant to the Second Amended and Restated Advisory Agreement between the Issuer and CIM Income NAV Management, LLC dated November 27, 2018.
F2 The reported shares are owned directly by CIM Income NAV Management, LLC. The reporting person, Avraham Shemesh and Shaul Kuba may be deemed to beneficially own the shares owned by CIM Income NAV Management, LLC because of their positions with CIM Group, LLC, which is the sole common equity member of CCO Group, LLC, which owns and controls CIM Income NAV Management, LLC. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his indirect pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.