Modiv Industrial (MDV) director granted 1,047 Class C shares at $14.32

Rhea-AI Filing Summary

MODIV INDUSTRIAL, INC. director Thomas H. Nolan Jr. received a grant of 1,047.4860 shares of COMMON STOCK, CLASS C on this Form 4 event. The award was recorded at $14.3200 per share as a grant, award, or other acquisition, increasing his direct holdings to 30,116.5774 shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider NOLAN THOMAS H JR

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 — 30,116.577 shares (Direct)

Footnotes (1)

Key Figures

Shares granted: 1,047.4860 shares Grant price: $14.3200 per share Shares held after grant: 30,116.5774 shares

3 metrics

Shares granted 1,047.4860 shares COMMON STOCK, CLASS C grant to director

Grant price $14.3200 per share Value used for the stock grant

Shares held after grant 30,116.5774 shares Director’s direct holdings following transaction

Key Terms

COMMON STOCK, CLASS C, grant/award acquisition, Form 4

3 terms

COMMON STOCK, CLASS C financial

"security_title: "COMMON STOCK, CLASS C""

grant/award acquisition financial

"transaction_action: "grant/award acquisition""

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^*

NOLAN THOMAS H JR

(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	30,116.5774	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 Thomas H. Nolan, Jr.	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 MDV director Thomas H. Nolan Jr. report?

Director Thomas H. Nolan Jr. reported receiving 1,047.4860 shares of MODIV INDUSTRIAL, INC. COMMON STOCK, CLASS C. The shares were acquired as a grant, award, or other acquisition at $14.3200 per share, increasing his direct ownership stake in the company.

Was the MDV insider transaction a market purchase or a grant?

The MDV insider transaction was a grant, not a market purchase. The Form 4 identifies the code as a grant, award, or other acquisition, showing 1,047.4860 shares of COMMON STOCK, CLASS C received at $14.3200 per share as compensation-related stock.

How many MDV shares does Thomas H. Nolan Jr. hold after this Form 4?

After this Form 4 transaction, Thomas H. Nolan Jr. directly holds 30,116.5774 shares of MODIV INDUSTRIAL, INC. COMMON STOCK, CLASS C. This figure includes the newly granted 1,047.4860 shares reported as a grant, award, or other acquisition on the filing.

What price per share was used for the MDV stock grant on this Form 4?

The MDV stock grant to Thomas H. Nolan Jr. was recorded at $14.3200 per share. This price applies to the 1,047.4860 shares of COMMON STOCK, CLASS C received as a grant, award, or other acquisition, as disclosed in the Form 4 transaction details.

Does the MDV Form 4 show any insider sales of stock?

The MDV Form 4 shows no insider sales. It reports only an acquisition coded as a grant, award, or other acquisition, where Thomas H. Nolan Jr. received 1,047.4860 shares of COMMON STOCK, CLASS C, increasing his direct holdings to 30,116.5774 shares.