MODIV Industrial (NYSE: MDV) director logs routine dividend reinvestment

Rhea-AI Filing Summary

MODIV INDUSTRIAL, INC. director Christopher Raymond Gingras reported an automatic dividend reinvestment transaction in Class C common stock. On March 13, 2026, 36.763 shares were acquired through a dividend reinvestment program, a routine, non-open-market event. Following this transaction, his directly held position is 11,826.1198 shares.

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

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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)
03/13/2026

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	03/13/2026		J(1)		36.763	A	$14.61	11,826.1198	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	03/16/2026
	** 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.
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FAQ

What did MDV director Christopher Gingras report in this Form 4?

Director Christopher Raymond Gingras reported 36.763 shares of MODIV INDUSTRIAL Class C common stock acquired on March 13, 2026 through a dividend reinvestment transaction. This is a routine, automatic reinvestment rather than an open-market trade.

Was the MDV Form 4 transaction a buy or sell of shares?

The Form 4 reports an “other” transaction code J, reflecting dividend reinvestment. Shares were acquired automatically under a dividend reinvestment program, not through an open-market buy or sell decision by the director.

How many MDV shares does Christopher Gingras hold after the reported transaction?

After the March 13, 2026 dividend reinvestment, Christopher Raymond Gingras directly holds 11,826.1198 shares of MODIV INDUSTRIAL Class C common stock, as disclosed in the Form 4’s post-transaction holdings column.

What does the Form 4 footnote say about the MDV transaction?

The footnote explains the shares were acquired in dividend reinvestment transactions that are exempt from Section 16 under Rule 16a-11, and that they are being reported on the Form 4 on a voluntary basis by the director.

Does the MDV Form 4 indicate any derivative or option exercises?

No derivative or option exercises are reported. The Form 4 only shows a non-derivative Class C common stock entry tied to dividend reinvestment, with no derivative positions listed in the derivative transaction summary section.

Is the MDV Form 4 transaction significant for existing shareholders?

The filing reflects a small, routine dividend reinvestment of 36.763 shares and does not indicate a discretionary buy or sell. It mainly updates the director’s holdings rather than signaling a major change in ownership or strategy.