Form 4: MODIV Director Kimberly Smith Increases Stake

MODIV INDUSTRIAL, INC. Director Kimberly J. Smith acquired additional Class C Common Stock through a dividend reinvestment plan.

Summary

• Kimberly J. Smith, a Director of MODIV INDUSTRIAL, INC. (MDV), acquired 112.6538 shares of Class C Common Stock.
• The transaction occurred on October 15, 2025, at a price of $13.59 per share.
• The shares were acquired through a dividend reinvestment transaction, which is exempt from Section 16 pursuant to Rule 16a-11 and is being reported voluntarily.
• Following this transaction, Kimberly J. Smith directly beneficially owns a total of 15,812.6606 shares of Class C Common Stock.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive as a director's increased ownership, even through a routine dividend reinvestment, generally indicates continued alignment with shareholder interests and confidence in the company.

Positives

• A Director increasing their ownership stake, even through a dividend reinvestment plan, can signal continued confidence in the company's future prospects and performance.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Management Comments

• Shares acquired in dividend reinvestment transactions exempt from Section 16 pursuant to Rule 16a-11 are being reported voluntarily on this Form 4.

Industry Context

This Form 4 filing details a routine insider transaction and does not provide broader industry context or trends.

Stakeholder Impact

• Shareholders may view the director's increased stake as a positive signal of management's commitment and belief in the company's value.

Key Dates

Keywords

MODIV INDUSTRIAL, MDV, Insider Transaction, Director, Stock Acquisition, Dividend Reinvestment, Form 4