Howard Schwimmer - Jul 24, 2024 Form 4 Insider Report for Rexford Industrial Realty, Inc. (REXR)

Signature
/s/ Cher Riban, as attorney-in-fact
Stock symbol
REXR
Transactions as of
Jul 24, 2024
Transactions value $
-$1,483,343
Form type
4
Date filed
7/26/2024, 07:12 PM
Previous filing
Jun 28, 2024
Next filing
Sep 26, 2024

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 +30.4K +59.91% $0.00 81K Jul 24, 2024 Direct F1
transaction REXR Common Stock, par value $0.01 Sale -$1.48M -30.4K -37.46% $48.86 50.7K Jul 26, 2024 Direct F2
holding REXR Common Stock, par value $0.01 13.6K Jul 24, 2024 See Footnote F3

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 -30.4K -28.44% $0.00 76.4K Jul 24, 2024 Common Stock, par value $0.01 30.4K Direct F1, F4, F5, F6, F7
holding REXR Operating Partnership Units 49.3K Jul 24, 2024 Common Stock, par value $0.01 49.3K See Footnote F4, F5, F6, F8
* 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 This transaction was executed in multiple trades at prices ranging from $48.6901 to $49.005. The price reported above reflects the weighted average sale price. Full information regarding the number of shares sold at each price shall be provided upon request to the Staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.
F3 Represents shares of common stock held by the Schwimmer Family Irrevocable 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.
F4 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.
F5 The OP Units are exchangeable for common stock of the Issuer on a one-for-one basis.
F6 n/a
F7 The Reporting Person also owns 593,508 LTIP Units and 528,547 Performance Units, both of which are a class of limited partnership units in the Operating Partnership.
F8 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 Schwimmer Family Irrevocable 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.