Gingras Christopher Raymond 4

What Happened
Christopher Raymond Gingras, a director of Modiv Industrial, acquired 36.763 shares of Modiv Industrial (MDV) on March 13, 2026. The shares were acquired at $14.61 per share for a total value of approximately $537. This was an acquisition (not a sale), executed through a dividend reinvestment mechanism.

Key Details

• Transaction date and price: 2026-03-13 at $14.61 per share.
• Shares acquired: 36.763 (total value ≈ $537).
• Shares owned after transaction: not specified in the Form 4 provided.
• Footnote: Filing notes these shares were acquired through dividend reinvestment transactions exempt from Section 16 under Rule 16a-11 and are being reported voluntarily (Footnote F1).
• Filing date: Form 4 filed 2026-03-16; no filing tardiness flag indicated in the provided data.

Context
Dividend reinvestment purchases are routine and reflect the insider reinvesting dividends into additional company shares; they are exempt from Section 16 reporting rules but are often reported voluntarily for transparency. The dollar amount here is small and not likely to be market-moving.