Gingras Christopher Raymond 4

What Happened
Christopher Raymond Gingras, a director of Modiv Industrial, acquired 29.962 shares of MDV on May 15, 2026. The shares were recorded at $18.17 each, for a total value of approximately $544. This was an acquisition via dividend reinvestment (reported as transaction code J), not an open-market purchase.

Key Details

• Transaction date: 2026-05-15; Price per share: $18.17; Shares acquired: 29.962; Total value ≈ $544.
• Transaction type: Other acquisition/disposition (Code J) — reported as dividend reinvestment.
• Footnote: Shares acquired in dividend reinvestment transactions exempt from Section 16 under Rule 16a-11 are being reported voluntarily (F1).
• Shares owned after transaction: Not disclosed in the provided filing.
• Filing date / Period of Report: 2026-05-15 (no indication this was a late filing).

Context
Dividend reinvestment purchases are routine: they reflect automatic reinvestment of dividends rather than an active market buy and are often exempt from Section 16 reporting but were voluntarily reported here. The dollar amount is small (~$544), so this transaction is modest in size and generally not interpreted as a major insider signal.