SCIUTTO SANDRA G 4
4 · Modiv Industrial, Inc. · Filed Apr 1, 2024
Insider Transaction Report
Form 4
Transactions
- Exercise/Conversion
Class C OP Units
2024-03-28+31,667.5→ 31,667.5 total→ COMMON STOCK, CLASS C (31,667.5 underlying) - Exercise/Conversion
Class R OP Units
2024-03-28−12,667→ 0 total→ COMMON STOCK, CLASS C (31,667.5 underlying) - Conversion
COMMON STOCK, CLASS C
2024-03-28+31,667.5→ 31,667.5 total - Conversion
Class C OP Units
2024-03-28−31,667.5→ 0 total→ COMMON STOCK, CLASS C (31,667.5 underlying)
Footnotes (1)
- [F1]There is no expiration date in connection with the 12,667 Class R OP Units ("Class R OP Units") of Modiv Operating Partnership, LP (the "Partnership"), issued to the reporting person; however, the Class R OP Units automatically and mandatorily converted into Class C OP Units of the Partnership ("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.