4//SEC Filing
First City Investment Group, LLC 4
Accession 0002012901-24-000007
CIK 0001645873other
Filed
Aug 4, 8:00 PM ET
Accepted
Aug 5, 5:19 PM ET
Size
8.6 KB
Accession
0002012901-24-000007
Insider Transaction Report
Form 4
First City Investment Group, LLC
10% Owner
Transactions
- Sale
Class C Common Stock
2024-08-01$14.80/sh−123,809$1,832,373→ 530,135 total - Sale
Units of Class C Limited Partnership Interest
2024-08-01$14.80/sh−656,191$9,711,627→ 0 total→ Class C Common Stock (656,191 underlying)
Footnotes (2)
- [F1]On July 31, 2024, the reporting person entered into a securities purchase agreement with Modiv Industrial, Inc. (the "Issuer") and Modiv Operating Partnership, LP (the "Operating Partnership"), pursuant to which, on August 1, 2024, the Issuer repurchased from the reporting person 123,809 shares of Class C common stock of the Issuer and the Operating Partnership repurchased from the reporting person 656,191 units of Class C limited partnership interest ("Class C OP Units") of the Operating Partnership for an aggregate purchase price of $11,544,000, or $14.80 per share of Class C common stock or Class C OP Unit, as applicable.
- [F2]Pursuant to the third amended and restated limited partnership agreement, as amended, of the Operating Partnership, holders of Class C OP Units have the right, subject to a holding period, to require the Operating Partnership to redeem such Class C OP Units for cash equal to the daily market value of one share of the Issuer's Class C common stock for the prior ten trading days or, at the Issuer's election, for shares of the Issuer's Class C common stock on a one-for-one basis. There was no expiration date in connection with the reporting person's Class C OP Units.
Documents
Issuer
Modiv Industrial, Inc.
CIK 0001645873
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0002012901
Filing Metadata
- Form type
- 4
- Filed
- Aug 4, 8:00 PM ET
- Accepted
- Aug 5, 5:19 PM ET
- Size
- 8.6 KB