Aaron Scott Halfacre - Mar 28, 2024 Form 4 Insider Report for Modiv Industrial, Inc. (MDV)

Role
CEO and President, Director
Signature
/s/ John Raney, by Power of Attorney for Aaron Scott Halfacre
Stock symbol
MDV
Transactions as of
Mar 28, 2024
Transactions value $
-$17,644
Form type
4
Date filed
4/1/2024, 01:57 PM
Previous filing
Mar 27, 2024
Next filing
Apr 26, 2024

Transactions Table

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

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

Explanation of Responses:

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.