0001645873-24-000061.txt : 20240401 0001645873-24-000061.hdr.sgml : 20240401 20240401135730 ACCESSION NUMBER: 0001645873-24-000061 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240328 FILED AS OF DATE: 20240401 DATE AS OF CHANGE: 20240401 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Pacini Raymond J CENTRAL INDEX KEY: 0001331313 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-40814 FILM NUMBER: 24808114 MAIL ADDRESS: STREET 1: 550 SOUTH HOPE STREET STREET 2: SUITE 2850 CITY: LOS ANGELES STATE: CA ZIP: 90071 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Modiv Industrial, Inc. CENTRAL INDEX KEY: 0001645873 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 474156046 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 200 S. VIRGINIA STREET, SUITE 800 CITY: RENO STATE: NV ZIP: 89501 BUSINESS PHONE: 888-686-6348 MAIL ADDRESS: STREET 1: 200 S. VIRGINIA STREET, SUITE 800 CITY: RENO STATE: NV ZIP: 89501 FORMER COMPANY: FORMER CONFORMED NAME: MODIV INC. DATE OF NAME CHANGE: 20210120 FORMER COMPANY: FORMER CONFORMED NAME: RW HOLDINGS NNN REIT, INC. DATE OF NAME CHANGE: 20170814 FORMER COMPANY: FORMER CONFORMED NAME: Rich Uncles NNN REIT, Inc. DATE OF NAME CHANGE: 20151209 4 1 wk-form4_1711994240.xml FORM 4 X0508 4 2024-03-28 0 0001645873 Modiv Industrial, Inc. MDV 0001331313 Pacini Raymond J 200 S. VIRGINIA STREET SUITE 800 RENO NV 89501 0 1 0 0 CFO 0 COMMON STOCK, CLASS C 2024-03-28 4 C 0 110047.5 A 115580.5 D Class P OP Units 2024-03-28 4 M 0 16029 D COMMON STOCK, CLASS C 26715 0 D Class R OP Units 2024-03-28 4 M 0 33333 D COMMON STOCK, CLASS C 83332.5 0 D Class C OP Units 2024-03-28 4 M 0 26715 A COMMON STOCK, CLASS C 26715 26715 D Class C OP Units 2024-03-28 4 M 0 83332.5 A COMMON STOCK, CLASS C 83332.5 110047.5 D Class C OP Units 2024-03-28 4 C 0 110047.5 D COMMON STOCK, CLASS C 110047.5 0 D There is no expiration date in connection with the 16,029 Class P OP Units ("Class P OP Units") of Modiv Operating Partnership, LP (the "Partnership") issued to the reporting person; however, the Class P OP Units automatically and mandatorily converted into Class C OP Units of the Partnership ("Class C OP Units") on March 28, 2024 on a 1.66667:1 basis. The Class C OP Units 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. There is no expiration date in connection with the 33,333 Class R OP Units ("Class R OP Units") of the Partnership, issued to the reporting person; however, the Class R OP Units automatically and mandatorily converted into Class C OP Units on March 28, 2024 on a 2.5:1 basis. The Class C OP Units 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. /s/ John Raney, by Power of Attorney for Raymond Pacini 2024-04-01