[Form 4] Modiv Industrial, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Aaron Scott Halfacre, who serves as Chief Executive Officer, President and a director of Modiv Industrial, Inc. (MDV), reported a purchase of 833.1221 shares of Class C common stock on 08/15/2025 at a price of $14.32 per share. The filing states this acquisition resulted from dividend reinvestment transactions that the filer says are exempt from Section 16 under Rule 16a-11 and were reported voluntarily. After the transaction, Mr. Halfacre beneficially owned 123,180.9538 shares. The Form 4 was signed by John Raney by power of attorney for Mr. Halfacre on the same date.

Positive

• Insider reinvestment by the CEO shows continued ownership and alignment with shareholders
• Voluntary disclosure of Rule 16a-11 exempt dividend reinvestment enhances transparency

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Routine insider reinvestment indicates continued alignment with shareholders; no material change to control.

The reported purchase is described as a dividend reinvestment and is being reported voluntarily despite an exemption under Rule 16a-11. As CEO, Mr. Halfacre's reinvestment signals continued ownership and alignment with equity holders but does not represent a materially new stake given the post-transaction holding of 123,180.9538 shares. The filing contains no indication of new compensation grants, option exercises, or other derivative activity that would materially affect share dilution or control.

Securities Analyst

TL;DR: The transaction is routine and small relative to total holdings; limited market impact.

The acquisition of 833.1221 Class C shares at $14.32 via dividend reinvestment is a modest purchase and was voluntarily disclosed. This type of transaction typically has negligible impact on share count or market liquidity. The Form 4 provides clear quantities and price, enabling precise tracking of insider holdings, but offers no new information on company performance or strategic direction.

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
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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^*

Halfacre Aaron Scott

(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
X	Officer (give title below)		Other (specify below)
	CEO and President

3. Date of Earliest Transaction (Month/Day/Year)
08/15/2025

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	08/15/2025		J(1)		833.1221	A	$14.32	123,180.9538	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 Aaron Scott Halfacre	08/15/2025
	** 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

Who filed the Form 4 for MDV and what is their role?

The report concerns Aaron Scott Halfacre, who is identified as CEO, President and a director of Modiv Industrial, Inc.

What transaction was reported on the MDV Form 4 dated 08/15/2025?

The filing reports acquisition of 833.1221 shares of Class C common stock at $14.32 per share on 08/15/2025.

Why was this transaction reported if it was exempt under Rule 16a-11?

The filer states the shares were acquired in dividend reinvestment transactions exempt from Section 16 pursuant to Rule 16a-11, and the report was made voluntarily.

How many shares does Mr. Halfacre beneficially own after the reported transaction?

After the transaction he beneficially owned 123,180.9538 shares.

Who signed the Form 4 and how was it executed?

The Form 4 was signed on 08/15/2025 by John Raney by power of attorney for Aaron Scott Halfacre.