Michael S. Frankel - Nov 21, 2025 Form 4 Insider Report for Rexford Industrial Realty, Inc. (REXR)

Role: Co-CEO, Co-President, Director
Signature: /s/ Cher Riban, as attorney-in-fact
Stock symbol: REXR
Transactions as of: Nov 21, 2025
Transactions value $: $0
Form type: 4
Date filed: 11/25/2025, 07:24 PM
Previous filing: Nov 19, 2025
Next filing: Dec 4, 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Frankel Michael S.	Co-CEO, Co-President, Director	11620 WILSHIRE BOULEVARD, SUITE 1000, LOS ANGELES	/s/ Cher Riban, as attorney-in-fact	2025-11-25	0001581342

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	+80.3K	+14.32%	$0.00	641K	Nov 21, 2025	Direct	F1

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	Performance Units	Options Exercise	$0	-80.3K	-13.09%	$0.00	533K	Nov 21, 2025	Common Stock, par value $0.01	80.3K		Direct	F2, F3, F4
transaction	REXR	Operating Partnership Units	Options Exercise	$0	+80.3K		$0.00	80.3K	Nov 21, 2025	Common Stock, par value $0.01	80.3K		Direct	F3, F4, F5
transaction	REXR	Operating Partnership Units	Conversion of derivative security	$0	-80.3K	-100%	$0.00	0	Nov 21, 2025	Common Stock, par value $0.01	80.3K		Direct	F1, F4, 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") 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 Operating Partnership's partnership agreement.
F2	Performance Units are a class of limited partnership units in Operating Partnership. Initially, the Performance Units do not have full parity with OP Units with respect to liquidating distributions. However, upon the occurrence of certain events described in the Operating Partnership's partnership agreement, the Performance Units can over time achieve full parity with the OP Units for all purposes. If such parity is reached, vested Performance Units may be converted into an equal number of OP Units on a one for one basis at any time at the request of the Reporting Person or the general partner of the Operating Partnership. OP Units are redeemable by the holder for an equivalent number of shares of the Issuer's common stock or for the cash value of such shares, at the Issuer's election. The 80,250 Performance Units referred to herein have vested and reached such parity.
F3	Reflects the conversion of 80,250 vested Performance Units into 80,250 OP Units.
F4	n/a
F5	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.