Modiv Industrial (NYSE: MDV) director reports small share adjustments

Rhea-AI Filing Summary

MODIV INDUSTRIAL, INC. director Christopher Raymond Gingras reported two small, code J “other” transactions involving personal holdings. One entry covers 34.5583 shares of Common Stock, Class C at $15.65 per share, leaving 12,908.1641 common shares held directly. The second covers 43.05 shares of Series A Cumulative Redeemable Perpetual Preferred Stock at $24.97 per share, leaving 2,292.3994 preferred shares held directly. Both are characterized as restructuring-type adjustments rather than clear open-market buys or sells.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Gingras Christopher Raymond

Role Director

Type	Security	Shares	Price	Value
Other	COMMON STOCK, CLASS C	34.558	$15.65	$540.84
Other	Series A Cumulative Redeemable Perpetual Preferred Stock	43.05	$24.97	$1K

Holdings After Transaction: COMMON STOCK, CLASS C — 12,908.164 shares (Direct); Series A Cumulative Redeemable Perpetual Preferred Stock — 2,292.399 shares (Direct)

Footnotes (1)

Key Figures

Common stock transaction size: 34.5583 shares at $15.65 Common shares held after: 12,908.1641 shares Series A preferred transaction size: 43.05 shares at $24.97 +2 more

5 metrics

Common stock transaction size 34.5583 shares at $15.65 Code J entry in Common Stock, Class C on April 15, 2026

Common shares held after 12,908.1641 shares Direct holdings of Common Stock, Class C following transactions

Series A preferred transaction size 43.05 shares at $24.97 Code J entry in Series A Cumulative Redeemable Perpetual Preferred Stock

Series A preferred held after 2,292.3994 shares Direct holdings following preferred stock adjustment

Total restructuring shares 77.6083 shares transactionSummary restructuringShares across two code J entries

Key Terms

Form 4, Common Stock, Class C, Series A Cumulative Redeemable Perpetual Preferred Stock, transaction code J, +2 more

6 terms

Form 4 regulatory

"INSIDER FILING DATA (Form 4): { "issuerName": "MODIV INDUSTRIAL, INC.""

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.

Common Stock, Class C financial

""security_title": "COMMON STOCK, CLASS C" in the transaction details"

Series A Cumulative Redeemable Perpetual Preferred Stock financial

""security_title": "Series A Cumulative Redeemable Perpetual Preferred Stock""

transaction code J regulatory

""transaction_code": "J" with description "Other acquisition or disposition""

Other acquisition or disposition financial

""transaction_code_description": "Other acquisition or disposition""

restructuringShares financial

""restructuringShares": 77.6083 in the transactionSummary section"

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^*

Gingras Christopher Raymond

(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)
04/15/2026

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	04/15/2026		J		34.5583	A	$15.65	12,908.1641	D
Series A Cumulative Redeemable Perpetual Preferred Stock	04/15/2026		J		43.05	A	$24.97	2,292.3994	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 Christopher R. Gingras	04/15/2026
	** 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 did MDV director Christopher Gingras report in this Form 4 filing?

Director Christopher Gingras reported two small code J transactions labeled as “other acquisition or disposition.” They affected both Common Stock, Class C and Series A preferred shares, reflecting restructuring-type adjustments rather than clear open-market purchases or sales.

How many Modiv Industrial (MDV) common shares does Gingras hold after the transactions?

After the reported transactions, Christopher Gingras directly holds 12,908.1641 shares of MODIV INDUSTRIAL, INC. Common Stock, Class C. The Form 4 shows these holdings following a small restructuring-type entry of 34.5583 shares categorized under transaction code J.

What happened to Gingras’s Series A preferred holdings in Modiv Industrial (MDV)?

Christopher Gingras reported a code J transaction involving 43.05 shares of Series A Cumulative Redeemable Perpetual Preferred Stock at $24.97 per share. Following this adjustment, his direct holdings in the Series A preferred total 2,292.3994 shares according to the Form 4 data.

Does this Modiv Industrial (MDV) Form 4 show insider buying or selling?

The Form 4 records two code J transactions classified as “other acquisition or disposition,” with transaction_direction listed as “other.” It does not categorize them as explicit open-market buys or sells, and they are summarized as restructuring-type adjustments to existing holdings.

How large are the restructuring-type transactions reported by Gingras at Modiv Industrial (MDV)?

The transactionSummary shows restructuringCount of 2 and restructuringShares totaling 77.6083 shares. These consist of 34.5583 Common Stock, Class C shares and 43.05 Series A preferred shares, indicating relatively small adjustments to director Christopher Gingras’s overall direct positions.