Key facts
- This page summarizes Raymond J. Pacini's Form 4 filing for MODIV INDUSTRIAL, INC. (MDV).
- 3 reported transactions and 3 derivative rows are listed below.
- Accepted by SEC: 05 Feb 2025, 20:15.
Raymond J. Pacini - 03 Feb 2025 Form 4 Insider Report for MODIV INDUSTRIAL, INC. (MDV)
- SEC form
- 4
- Accepted by SEC
- 05 Feb 2025, 20:15:45 UTC
- Prior SEC filing
- 01 Apr 2024
- Next SEC filing
- 12 Aug 2026
- Source filing
- View source filing
- Reporting owner signature
- /s/ John Raney, by Power of Attorney for Raymond Pacini
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Raymond J. Pacini filed Form 4 for MODIV INDUSTRIAL, INC. (MDV) on 05 Feb 2025.
Change
- Previous filing in this sequence was filed on 01 Apr 2024.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
MDV
transaction
Derivative
Class X Units
Award
- Transaction value
- $0
- Shares
- +65,000
- Change %
- Price
- $0.000000
- Shares after
- 65,000
- Date
- 03 Feb 2025
- Ownership
- Direct
- Underlying class
- COMMON STOCK, CLASS C
- Underlying amount
- 65,000
- Exercise price
- Footnotes
- F1, F2, F3
MDV
transaction
Derivative
Class X Units
Gift
- Transaction value
- $0
- Shares
- -65,000
- Change %
- -100%
- Price
- $0.000000
- Shares after
- 0
- Date
- 03 Feb 2025
- Ownership
- Direct
- Underlying class
- COMMON STOCK, CLASS C
- Underlying amount
- 65,000
- Exercise price
- Footnotes
- F1, F2, F4
MDV
transaction
Derivative
Class X Units
Gift
- Transaction value
- $0
- Shares
- +65,000
- Change %
- Price
- $0.000000
- Shares after
- 65,000
- Date
- 03 Feb 2025
- Ownership
- By trust
- Underlying class
- COMMON STOCK, CLASS C
- Underlying amount
- 65,000
- Exercise price
- Footnotes
- F1, F2, F4, F5
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 5 footnotes
Footnote F1
Represents Class X units of limited partnership interest ("Class X Units") of Modiv Operating Partnership, LP ("Modiv OP"), the operating partnership of Modiv Industrial, Inc. (the "Company"), and of which the Company is the general partner. Class X Units vest according to the terms of the award agreement pursuant to which the Class X Units were granted to the reporting person. Under the limited partnership agreement of Modiv OP, upon vesting, such Class X Units automatically convert into units of Class C limited partnership interests of Modiv OP ("Class C Units"), provided that the value of Modiv OP has appreciated such that the capital account of the holder of Class X Units is equal to the capital account balance attributable to a Class C Unit on a per unit basis.
Footnote F2
After such Class C Units have been outstanding for at least one year (inclusive of any holding period for any Class X Units converted into Class C Units), the holder may require Modiv OP to exchange all or a portion of such holder's Class C Units for cash or, at the option of the Company, shares of the Company's Class C Common Stock, $0.001 par value per share (the "Class C Common Stock"), on a one-for-one basis. Class X Units have no expiration date.
Footnote F3
Represents a grant of unvested Class X Units, all of which vest on February 3, 2027, subject to the reporting person's continued service on such date and subject to acceleration upon certain events.
Footnote F4
Represents a gift of 65,000 Class X Units by the reporting person to a revocable trust for which the reporting person is the trustee and which was established for the benefit of the reporting person's immediate family members.
Footnote F5
Represents securities held by a revocable trust of which the reporting person is the trustee and which was established for the benefit of the reporting person's immediate family members.