[8-K] REXFORD INDUSTRIAL REALTY, INC. Reports Material Event

Rhea-AI Filing Summary

Cencora, Inc. (COR) – Form 4 filing: President & CEO Robert P. Mauch exercised 3,225 stock options at an $86.09 strike price and concurrently sold 4,968 common shares on 07/18/25 under a Rule 10b5-1 trading plan. The sale was executed at an average $294.11, generating about $1.46 million in gross proceeds.

After the paired exercise-and-sale, Mauch’s direct share ownership fell from 44,094 to 42,351 shares, a net reduction of 1,743 shares (≈4%). He continues to hold 25,802 fully vested options. No operational metrics, guidance, or other corporate developments are disclosed; the filing strictly documents routine insider transactions.

Positive

• None.

Negative

• CEO reduced direct share ownership by 4%, selling 4,968 shares worth roughly $1.46 million.

Insights

Securities Analyst

TL;DR: Minor net sale (≈4% stake) by CEO; routine 10b5-1 plan, limited strategic signal, neutral share-price impact expected.

The option exercise at $86.09 and immediate sale at $294.11 is a typical liquidity move, capturing a $208 per-share spread. Because the CEO still retains over 42k shares and 25.8k options, the transaction does not materially alter alignment with shareholders. Volume sold equals roughly one day’s average trading volume, so market impact should be negligible. I view the disclosure as neutral for valuation.

Corporate Governance Expert

TL;DR: Slight negative optics from share reduction, but 10b5-1 plan mitigates concern; governance risk remains low.

Executives selling stock can raise red flags, yet the pre-scheduled plan and modest size reduce interpretive risk. The CEO’s remaining stake preserves incentive alignment. No pattern of continuous disposals is evident. Therefore, the filing has low governance impact, though some investors may view any C-suite selling as marginally bearish.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549  

FORM 8-K  

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 22, 2025

REXFORD INDUSTRIAL REALTY, INC.

(Exact name of registrant as specified in its charter) 

Maryland

001-36008

46-2024407

(State or other jurisdiction of incorporation)

(Commission File Number)

(IRS Employer Identification No.)

11620 Wilshire Boulevard, Suite 1000
Los Angeles
California						90025
(Address of principal executive offices)						(Zip Code)

Registrant’s telephone number, including area code: (310) 966-1680

N/A

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading symbols

Name of each exchange on which registered

Common Stock, $0.01 par value

REXR

New York Stock Exchange

5.875% Series B Cumulative Redeemable Preferred Stock

REXR-PB

New York Stock Exchange

5.625% Series C Cumulative Redeemable Preferred Stock

REXR-PC

New York Stock Exchange

 Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01 Other Events.  

On October 23, 2023, the Company and the Operating Partnership filed with the Securities and Exchange Commission a Registration Statement on Form S-3 (File No. 333-275138) (the “Registration Statement”). The discussion under the heading “U.S. Federal Income Tax Considerations” in Exhibit 99.1 hereto (incorporated herein by reference) supersedes and replaces the discussion under the heading “U.S. Federal Income Tax Considerations” in the prospectus, dated October 23, 2023, which forms part of the Registration Statement.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(d)    Exhibits.

Exhibit Number						Description
99.1						U.S. Federal Income Tax Considerations
104						Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			Rexford Industrial Realty, Inc.
July 22, 2025			/s/ Michael S. Frankel
			Michael S. Frankel Co-Chief Executive Officer (Principal Executive Officer)
			Rexford Industrial Realty, Inc.
July 22, 2025			/s/ Howard Schwimmer
			Howard Schwimmer Co-Chief Executive Officer (Principal Executive Officer)

FAQ

How many Cencora (COR) shares did the CEO sell?

Robert P. Mauch sold 4,968 shares on 07/18/25 at an average $294.11.

What was the value of the insider sale at Cencora?

Gross proceeds were approximately $1.46 million (4,968 × $294.11).

Did the CEO of COR buy any shares in the same filing?

Yes, he exercised 3,225 stock options at $86.09 before the sale.

How many Cencora shares does the CEO now own?

Post-transaction, Mauch directly owns 42,351 common shares.

Are the transactions under a Rule 10b5-1 plan?

Yes, the sale was executed pursuant to a 10b5-1 plan adopted on 11/15/24.