X0508 4 2025-02-03 0001645873 MODIV INDUSTRIAL, INC. MDV 0001615279 Halfacre Aaron Scott 2195 S. DOWNING STREET DENVER CO 80210 1 1 0 0 CEO and President 0 Class X Units 2025-02-03 4 A 0 546542.5 0 A COMMON STOCK, CLASS C 546542.5 546542.5 D Class X Units 2025-02-03 4 G 0 546542.5 0 D COMMON STOCK, CLASS C 546542.5 0 D Class X Units 2025-02-03 4 G 0 546542.5 0 A COMMON STOCK, CLASS C 546542.5 546542.5 I By trust Class C Units COMMON STOCK, CLASS C 453457.50 453457.50 I By trust Represents Class X units of limited partnership interest ("Class X Units") of Modiv Operating Partnership, LP ("Modiv OP"), the operating partnership of Modiv Industrial, Inc. (the "Company"), and of which the Company is the general partner. Class X Units vest according to the terms of the award agreement pursuant to which the Class X Units were granted to the reporting person. Under the limited partnership agreement of Modiv OP, upon vesting, such Class X Units automatically convert into units of Class C limited partnership interests of Modiv OP ("Class C Units"), provided that the value of Modiv OP has appreciated such that the capital account of the holder of Class X Units is equal to the capital account balance attributable to a Class C Unit on a per unit basis. After such Class C Units have been outstanding for at least one year (inclusive of any holding period for any Class X Units converted into Class C Units), the holder may require Modiv OP to exchange all or a portion of such holder's Class C Units for cash or, at the option of the Company, shares of the Company's Class C Common Stock, $0.001 par value per share (the "Class C Common Stock"), on a one-for-one basis. Class X Units have no expiration date. Represents a grant of unvested Class X Units, all of which vest on February 3, 2030, subject to the reporting person's continued service on such date and subject to acceleration upon certain events. Represents a gift of 546,542.5 Class X Units by the reporting person to a revocable trust for which the reporting person is trustee and which was established for the benefit of the reporting person's immediate family members. Represents securities held by a revocable trust of which the reporting person is the trustee and which was established for the benefit of the reporting person's immediate family members. Represents Class C Units of Modiv OP. After such Class C Units have been outstanding for at least one year, the holder may require Modiv OP to exchange all or a portion of such holder's Class C Units for cash or, at the option of the Company, shares of Class C Common Stock on a one-for-one basis. Class C Units have no expiration date. Previously reported as directly owned. /s/ John Raney, by Power of Attorney for Aaron Scott Halfacre 2025-02-05