Gingras Christopher Raymond 4

What Happened
Christopher Raymond Gingras, a director of Modiv Industrial, made two small acquisitions on Feb 13, 2026 via dividend reinvestment (DRIP). He acquired 44.745 shares at $14.24 for $637 and 35.473 shares at $15.04 for $534, totaling 80.218 shares and roughly $1,171. These were acquisitions (code J) tied to reinvested dividends, a routine corporate action rather than an open-market buy.

Key Details

• Transaction dates and prices: 2026-02-13 — 44.745 shares @ $14.24 ($637); 35.473 shares @ $15.04 ($534).
• Total: 80.218 shares acquired for ≈ $1,171.
• Shares owned after transaction: Not disclosed in the provided filing details.
• Footnote: F1 — Shares were acquired in dividend reinvestment transactions exempt from Section 16 under Rule 16a-11 and are being reported voluntarily.
• Filing: Report filed 2026-02-17; this appears timely (within the required Form 4 window).
• Transaction code J: denotes "other acquisition or disposition," commonly used for DRIP purchases.

Context
Dividend reinvestment purchases create fractional share additions and are routine; they do not necessarily indicate a new, active bullish signal from the insider. For retail investors, note the transaction size is small and reflects reinvested dividends rather than a strategic open-market buy.