0001645873-24-000060.txt : 20240401 0001645873-24-000060.hdr.sgml : 20240401 20240401135718 ACCESSION NUMBER: 0001645873-24-000060 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: Halfacre Aaron Scott CENTRAL INDEX KEY: 0001615279 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-40814 FILM NUMBER: 24808113 MAIL ADDRESS: STREET 1: 2100 REXFORD ROAD STREET 2: SUITE 300 CITY: CHARLOTTE STATE: NC ZIP: 28211 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_1711994229.xml FORM 4 X0508 4 2024-03-28 0 0001645873 Modiv Industrial, Inc. MDV 0001615279 Halfacre Aaron Scott 200 S. VIRGINIA STREET SUITE 800 RENO NV 89501 1 1 0 0 CEO and President 0 COMMON STOCK, CLASS C 2024-03-28 4 C 0 29876.6667 A 105378.6545 D COMMON STOCK, CLASS C 2024-03-28 4 S 0 1030 17.13 D 104348.6545 D Class P OP Units 2024-03-28 4 M 0 40000 D COMMON STOCK, CLASS C 66666.67 0 D Class R OP Units 2024-03-28 4 M 0 210667 D COMMON STOCK, CLASS C 526667.5 0 D Class C OP Units 2024-03-28 4 M 0 66666.67 A COMMON STOCK, CLASS C 66666.67 66666.67 D Class C OP Units 2024-03-28 4 M 0 526667.5 A COMMON STOCK, CLASS C 526667.5 593334.17 D Class C OP Units 2024-03-28 4 J 0 110000 D COMMON STOCK, CLASS C 110000 483334.17 D Class C OP Units 2024-03-28 4 C 0 29876.6667 D COMMON STOCK, CLASS C 29876.6667 453457.5033 D 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 40,000 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 210,667 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. On March 28, 2024, the respondent transferred 110,000 Class C OP Units to his former spouse pursuant to an existing divorce settlement. /s/ John Raney, by Power of Attorney for Aaron Scott Halfacre 2024-04-01