SMITH KIMBERLY J 4

What Happened
Kimberly J. Smith, a director of Modiv Industrial, Inc. (MDV), was granted 1,047.486 shares on March 31, 2026. The grant is reported at a per-share value of $14.32 for a total reported value of $15,000. This transaction is an award/grant (acquisition), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-31. Filed with the SEC on 2026-04-01 (timely filing).
• Transaction type/code: Award/Grant (code A).
• Shares granted: 1,047.486 at $14.32 per share; total value reported $15,000.
• Shares owned after the transaction: Not specified in the provided filing excerpt — see the full Form 4 for post-transaction holdings.
• No 10b5-1 plan, tax withholding, or other footnotes were indicated in the supplied data.

Context
Grants to directors are typically part of compensation or equity incentive programs and represent an acquisition of shares by the insider. Such awards differ from open-market purchases and do not, by themselves, clearly indicate an insider view of the stock’s near-term prospects. Retail investors should consult the full Form 4 for additional details and the company’s proxy or compensation disclosures for the context of director grants.