Group of Trophy, LLC 4
4 · Modiv Industrial, Inc. · Filed Feb 21, 2024
Insider Transaction Report
Form 4
Group of Trophy, LLC
10% Owner
Transactions
- Other
Units of Class C Limited Partnership Interest
2024-02-20−1,312,382→ 0 total→ Class C Common Stock (1,312,382 underlying)
Footnotes (2)
- [F1]Units of Class C Limited Partnership Interest ("Class C OP Units") of Modiv Operating Partnership, LP 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.
- [F2]On February 20, 2024, in connection with estate-related matters, the reporting person transferred and assigned all of the reporting person's Class C OP Units to First City Investment Group, LLC, a Delaware limited liability company for which the managing member of the reporting person serves as the sole member. The fair market value per Class C OP Unit is $14.46 based on the closing price of the issuer's Class C Common Stock on February 16, 2024, the last trading date prior to the transfer and assignment of the Class C OP Units. Following the transfer and assignment, the reporting person is no longer a beneficial owner of Class C OP Units or any other securities of the issuer.