Form 4: First City Investment Group Sells Modiv Industrial Shares

First City Investment Group, LLC, a 10% owner of Modiv Industrial, Inc., has sold a portion of its Class C Common Stock holdings between March 20 and March 28, 2024.

Summary

• First City Investment Group, LLC, a 10% owner of Modiv Industrial, Inc. (MDV), reported the sale of Class C Common Stock.
• The transactions occurred between March 20, 2024, and March 28, 2024.
• On March 20, 2024, 565 shares were sold at a price of $16.676 per share.
• On March 26, 2024, 3,654 shares were sold at a price of $17.0159 per share.
• On March 27, 2024, 2,324 shares were sold at a weighted average price of $17.3014 per share.
• On March 28, 2024, 704 shares were sold at a price of $17.2987 per share.
• Following these transactions, First City Investment Group, LLC, directly owns 648,944 shares of Class C Common Stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a transaction by a major shareholder. It is neutral in sentiment as it simply reports facts.

Industry Context

This filing is a routine disclosure related to stock transactions by a major shareholder. It provides transparency to the market regarding insider activity.

Stakeholder Impact

• Shareholders may react to the news of a large shareholder selling shares, although the impact is likely to be minimal given the relatively small number of shares sold compared to the total outstanding.

Key Dates