Sandra G. Sciutto - Jan 25, 2021 Form 4 Insider Report for Modiv Industrial, Inc. (MDV)

Role: CAO
Signature: /s/ John Raney, by Power of Attorney for Sandra G. Sciutto
Stock symbol: MDV
Transactions as of: Jan 25, 2021
Transactions value $: $0
Form type: 4
Date filed: 3/8/2024, 03:04 PM
Next filing: Apr 1, 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	MDV	Class R OP Units	Award	$0	+31.7K		$0.00	31.7K	Jan 25, 2021	COMMON STOCK, CLASS C	31.7K	$0.00	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	There is no expiration date in connection with the 12,667 Class R Units ("Class R Units") of Modiv Operating Partnership, LP (the "Partnership"), issued to the reporting person; however, the Class R Units are automatically and mandatorily converted into Class C Units of the Partnership ("Class C Units") on March 31, 2024 on a 2.5:1 basis. The Class C Units are redeemable for cash or, at the issuer's option, exchangeable for shares of the issuer's Class C Common Stock on a 1:1 basis, and have no expiration.

Content

There is no expiration date in connection with the 12,667 Class R Units ("Class R Units") of Modiv Operating Partnership, LP (the "Partnership"), issued to the reporting person; however, the Class R Units are automatically and mandatorily converted into Class C Units of the Partnership ("Class C Units") on March 31, 2024 on a 2.5:1 basis. The Class C Units are redeemable for cash or, at the issuer's option, exchangeable for shares of the issuer's Class C Common Stock on a 1:1 basis, and have no expiration.