Type | Sym | Class | Transaction | Value $ | Shares | Change % | Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | MDV | COMMON STOCK, CLASS C | Conversion of derivative security | +41.8K | +128.65% | 74.3K | Jan 2, 2024 | Direct | F1 |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | MDV | Class M OP Units | Options Exercise | -25.1K | -100% | 0 | Jan 2, 2024 | Class C Common Stock, par value $0.001 per share | 41.8K | Direct | F2 | |||
transaction | MDV | Class C OP Units | Options Exercise | +41.8K | 41.8K | Jan 2, 2024 | Class C Common Stock, par value $0.001 per share | 41.8K | Direct | F2 | ||||
transaction | MDV | Class C OP Units | Conversion of derivative security | -41.8K | -100% | 0 | Jan 2, 2024 | Class C Common Stock, par value $0.001 per share | 41.8K | Direct | F1 |
Id | Content |
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F1 | Pursuant to the third amended and restated limited partnership agreement, as amended, of Modiv Operating Partnership, LP (the "Partnership"), of which Modiv Industrial, Inc. (the "Issuer") is the general partner, holders of Class C Units of the Partnership ("Class C Units") outstanding for one year (including any holding period for Class M Units of the Partnership ("Class M Units")) can require the Partnership to redeem such Class C Units for cash equal to the daily market value of one share of the Issuer's Class C common stock for the prior ten trading days or, at the Issuer's election, for shares of the Issuer's Class C common stock on a one-for-one basis. There is no expiration date in connection with the Class C Units issued to the reporting person. On January 2, 2024, the reporting person requested the Partnership to redeem his 41,828.3333 Class C Units, and the Issuer elected to redeem such Class C Units with shares of the Issuer's Class C common stock. |
F2 | Class M Units that are outstanding after December 30, 2023 may be converted by the holder into Class C Units on a 1:1.6667 basis. There is no expiration date in connection with the Class M Units issued to the reporting person; however, the Class M Units are automatically and mandatorily converted into Class C Units on March 31, 2024. On January 2, 2024, the reporting person converted a total of 25,097 Class M Units into 41,828.3333 Class C Units. |