Howard Schwimmer - Jun 26, 2024 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 26, 2024
Transactions value $
$0
Form type
4
Date filed
6/28/2024, 04:40 PM
Previous filing
Mar 12, 2024
Next filing
Jul 26, 2024

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 Gift $0 -3.02K -2.75% $0.00 107K Jun 26, 2024 Common Stock, par value $0.01 3.02K Direct F1, F2, F3, F4
holding REXR Operating Partnership Units 49.3K Jun 26, 2024 Common Stock, par value $0.01 49.3K See Footnote F1, F2, F3, F5
* 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") in Rexford Industrial Realty, L.P. (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.
F2 The OP Units are exchangeable for common stock of the Issuer on a one-for-one basis.
F3 n/a
F4 The Reporting Person also owns the following securities: (i) 593,508 LTIP Units, a class of limited partnership units in the Operating Partnership, (ii) 528,547 Performance Units, a class of limited partnership units in the Operating Partnership, and (iii) 64,248 shares of common stock, of which 13,575 shares are indirectly owned shares held by the Schwimmer Family Irrevocable Trust (the "Family Trust") of which the Reporting Person is a trustee. The Reporting Person disclaims beneficial ownership of the common stock held by the Family Trust, except to the extent of his pecuniary interest therein.
F5 Represents 7,275 OP Units held by the Schwimmer Living Trust dated December 14, 2001, for which the Reporting Person is a trustee, and 42,002 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.