SCIUTTO SANDRA G 4
4 · Modiv Industrial, Inc. · Filed Mar 8, 2024
Insider Transaction Report
Form 4
Transactions
- Award
Class R OP Units
2021-01-25+31,667.5→ 31,667.5 totalExercise: $0.00From: 2024-03-31→ COMMON STOCK, CLASS C (31,667.5 underlying)
Footnotes (1)
- [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.