Director at MODIV Industrial (MDV) receives stock grant and holds 15,174 shares

Rhea-AI Filing Summary

MODIV INDUSTRIAL, INC. director Connie Tirondola reported receiving a grant of 1,047.486 shares of Class C common stock. The award was recorded at a price of $14.32 per share and is classified as a grant or other acquisition, not an open-market purchase or sale. Following this compensation-related transaction, Tirondola directly holds a total of 15,174.479 shares of the company’s common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Tirondola Connie

Role Director

Type	Security	Shares	Price	Value
Grant/Award	COMMON STOCK, CLASS C	1,047.486	$14.32	$15K

Holdings After Transaction: COMMON STOCK, CLASS C — 15,174.479 shares (Direct)

Footnotes (1)

Key Figures

Stock grant size: 1,047.486 shares Grant reference price: $14.32 per share Shares held after grant: 15,174.479 shares

3 metrics

Stock grant size 1,047.486 shares Class C common stock grant to director on March 31, 2026

Grant reference price $14.32 per share Reported price for Class C common stock award

Shares held after grant 15,174.479 shares Director’s direct Class C common stock holdings following transaction

Key Terms

Grant, award, or other acquisition, COMMON STOCK, CLASS C, non-derivative, Form 4

4 terms

Grant, award, or other acquisition financial

"transaction_code_description: "Grant, award, or other acquisition""

COMMON STOCK, CLASS C financial

"security_title: "COMMON STOCK, CLASS C""

non-derivative financial

"transaction_type: "non-derivative""

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Form 4 Insider Transactions: What Each Field Means →

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^*

Tirondola Connie

(Last) (First) (Middle)

1500 NORTH GRANT STREET, #5609

(Street)

DENVER COLORADO 80203

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026

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

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

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

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	03/31/2026		A		1,047.486	A	$14.32	15,174.479	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:

Remarks:

	/s/ John Raney, by Power of Attorney for Connie Tirondola	04/01/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did MODIV INDUSTRIAL (MDV) report for Connie Tirondola?

MODIV INDUSTRIAL reported that director Connie Tirondola received a grant of 1,047.486 Class C common shares. The transaction is coded as a grant or award acquisition, reflecting stock-based compensation rather than an open-market purchase or sale.

What was the price per share for Connie Tirondola’s MDV stock grant?

The reported grant to Connie Tirondola used a reference price of $14.32 per Class C common share. This figure typically reflects the fair value used for the award’s reporting, not a market trade execution price.

How many MODIV INDUSTRIAL (MDV) shares does Connie Tirondola hold after this transaction?

After the reported award, Connie Tirondola directly holds 15,174.479 shares of MODIV INDUSTRIAL Class C common stock. This total includes the newly granted 1,047.486 shares as reflected in the Form 4 filing.

Was Connie Tirondola’s MDV transaction a market purchase or sale?

The transaction is classified as a grant, award, or other acquisition, not a market trade. The Form 4 uses transaction code “A,” indicating stock-based compensation was awarded rather than shares being bought or sold on the open market.

Is Connie Tirondola’s ownership in MODIV INDUSTRIAL (MDV) direct or indirect?

The filing shows Connie Tirondola’s ownership as direct, with the ownership code marked “D.” There is no accompanying footnote indicating that the reported shares are held through a separate entity, trust, or other indirect structure.