Richard S. Ressler - 16 Dec 2021 Form 4 Insider Report for CIM INCOME NAV, INC.

Role
CEO & President, Director
Signature
/s/ Richard S. Ressler
Issuer symbol
N/A
Transactions as of
16 Dec 2021
Net transactions value
$0
Form type
4
Filing time
16 Dec 2021, 12:05:10 UTC
Previous filing
03 Dec 2021
Next filing
10 May 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction Common Stock (Class D) Disposed to Issuer -13,333 -100% 0 16 Dec 2021 By CIM Income NAV Management, LLC F1, F2
transaction Common Stock (Class I) Disposed to Issuer -196,265 -100% 0 16 Dec 2021 By CIM Income NAV Management, LLC F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Richard S. Ressler is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Disposed of pursuant to merger agreement between the issuer, CIM Real Estate Finance Trust, Inc. ("CMFT") and Cypress Merger Sub, LLC in exchange for an aggregate of 548,924.83 shares of Common Stock of CMFT having a net asset value of $7.20 per share on the effective date of the merger.
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.