Modiv Industrial director acquires 1,042 MDV shares at $14.39

Modiv Industrial, Inc. director Kimberly J. Smith reported acquiring additional shares of the company’s Class C common stock.

Rhea-AI Filing Summary

Modiv Industrial, Inc. director Kimberly J. Smith reported acquiring additional shares of the company’s Class C common stock. On 12/31/2025, she acquired 1,042.3906 shares at a price of $14.39 per share. Following this transaction, she beneficially owned a total of 17,078.0909 shares of Modiv Industrial common stock in direct ownership. No derivative securities were reported in this filing.

Insider Trade Summary

Grant/Award: 1,042.3906 shares

Grant/Award 1 txn

Insider SMITH KIMBERLY J

Role Director

Type	Security	Shares	Price	Value
Grant/Award	COMMON STOCK, CLASS C	1,042.3906	$14.39	$15K

Holdings After Transaction: COMMON STOCK, CLASS C — 17,078.0909 shares (Direct)

FAQ

What insider transaction did MDV director Kimberly J. Smith report?

Kimberly J. Smith reported acquiring 1,042.3906 shares of Modiv Industrial, Inc. Class C common stock on 12/31/2025.

At what price were the MDV shares acquired in this Form 4 filing?

The reported acquisition price was $14.39 per share for the Class C common stock.

How many MDV shares does Kimberly J. Smith beneficially own after this transaction?

After the reported transaction, Kimberly J. Smith beneficially owned 17,078.0909 shares of Modiv Industrial, Inc. common stock.

What is the relationship of the reporting person to Modiv Industrial, Inc. (MDV)?

The reporting person is a director of Modiv Industrial, Inc.

What type of security did the MDV insider acquire?

The insider acquired COMMON STOCK, CLASS C of Modiv Industrial, Inc.

Were any derivative securities reported in this MDV Form 4 filing?

No derivative securities were reported in Table II of this Form 4.

Is the Form 4 for MDV filed by one or multiple reporting persons?

The Form 4 is indicated as being filed by one reporting person.

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Accepted by SEC EDGAR 01/02/2026 - 01:34 PM Learn about SEC filing dates

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^*

SMITH KIMBERLY J

(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)
12/31/2025

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	12/31/2025		A		1,042.3906	A	$14.39	17,078.0909	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 Kimberly J. Smith	01/02/2026
	** 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.