Type | Sym | Class | Transaction | Value $ | Shares | Change % | Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | MDV | COMMON STOCK, CLASS C | Conversion of derivative security | +29.9K | +39.57% | 105K | Mar 28, 2024 | Direct | F1 | ||
transaction | MDV | COMMON STOCK, CLASS C | Sale | -$17.6K | -1.03K | -0.98% | $17.13 | 104K | Mar 28, 2024 | Direct |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | MDV | Class P OP Units | Options Exercise | -40K | -100% | 0 | Mar 28, 2024 | COMMON STOCK, CLASS C | 66.7K | Direct | F2 | |||
transaction | MDV | Class R OP Units | Options Exercise | -211K | -100% | 0 | Mar 28, 2024 | COMMON STOCK, CLASS C | 527K | Direct | F3 | |||
transaction | MDV | Class C OP Units | Options Exercise | +66.7K | 66.7K | Mar 28, 2024 | COMMON STOCK, CLASS C | 66.7K | Direct | F2 | ||||
transaction | MDV | Class C OP Units | Options Exercise | +527K | +790% | 593K | Mar 28, 2024 | COMMON STOCK, CLASS C | 527K | Direct | F3 | |||
transaction | MDV | Class C OP Units | Other | -110K | -18.54% | 483K | Mar 28, 2024 | COMMON STOCK, CLASS C | 110K | Direct | F1, F4 | |||
transaction | MDV | Class C OP Units | Conversion of derivative security | -29.9K | -6.18% | 453K | Mar 28, 2024 | COMMON STOCK, CLASS C | 29.9K | Direct | F1 |
Id | Content |
---|---|
F1 | The Class C OP 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. |
F2 | There is no expiration date in connection with the 40,000 Class P OP Units ("Class P OP Units") of Modiv Operating Partnership, LP (the "Partnership"), issued to the reporting person; however, the Class P OP Units automatically and mandatorily converted into Class C OP Units of the Partnership ("Class C OP Units") on March 28, 2024 on a 1.66667:1 basis. The Class C OP 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. |
F3 | There is no expiration date in connection with the 210,667 Class R OP Units ("Class R OP Units") of the Partnership issued to the reporting person; however, the Class R OP Units automatically and mandatorily converted into Class C OP Units on March 28, 2024 on a 2.5:1 basis. The Class C OP 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. |
F4 | On March 28, 2024, the respondent transferred 110,000 Class C OP Units to his former spouse pursuant to an existing divorce settlement. |