Dividend reinvestment boosts Modiv Industrial (NYSE: MDV) director stake

Rhea-AI Filing Summary

Modiv Industrial, Inc. director Christopher R. Gingras increased his holdings through dividend reinvestment. On 01/15/2026 he acquired 45.0302 shares of Class C common stock at $13.70 per share and 34.8242 shares at $14.84 per share through transactions coded "J." These were dividend reinvestment transactions that are exempt from Section 16 under Rule 16a-11 and are being reported voluntarily. Following the second transaction, he directly owned a total of 11,709.1389 shares of Class C common stock.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Gingras Christopher Raymond

(Last) (First) (Middle)

1500 NORTH GRANT STREET, #5609

(Street)

DENVER CO 80203

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
MODIV INDUSTRIAL, INC. [ MDV ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/15/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
COMMON STOCK, CLASS C	01/15/2026		J(1)		45.0302	A	$13.7	11,674.3147	D
COMMON STOCK, CLASS C	01/15/2026		J(1)		34.8242	A	$14.84	11,709.1389	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Shares acquired in dividend reinvestment transactions exempt from Section 16 pursuant to Rule 16a-11 are being reported voluntarily on this Form 4.

Remarks:

	/s/ John Raney, by Power of Attorney for Christopher R. Gingras	01/20/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider activity did MDV report for Christopher R. Gingras?

Director Christopher R. Gingras reported acquiring small amounts of Modiv Industrial, Inc. Class C common stock on 01/15/2026 through dividend reinvestment transactions.

How many Modiv Industrial (MDV) shares did the director acquire?

He acquired 45.0302 shares at $13.70 per share and 34.8242 shares at $14.84 per share of Class C common stock.

What was Christopher R. Gingras' Modiv Industrial shareholding after these transactions?

After the second dividend reinvestment transaction, he directly owned 11,709.1389 shares of Modiv Industrial Class C common stock.

What does the transaction code "J" mean in the MDV Form 4?

The transactions are coded "J" and are described in the footnote as shares acquired in dividend reinvestment transactions exempt from Section 16 under Rule 16a-11.

Were the Modiv Industrial (MDV) insider transactions part of a dividend reinvestment plan?

Yes. The footnote states that the shares were acquired in dividend reinvestment transactions that are exempt from Section 16 pursuant to Rule 16a-11.

Is Christopher R. Gingras a director or officer of Modiv Industrial?

He is listed as a Director of Modiv Industrial, Inc. and is not reported as an officer or 10% owner in this document.