Form 4: MODIV INDUSTRIAL CEO Acquires Shares via Dividend Reinvestment

MODIV INDUSTRIAL's CEO and President, Aaron Scott Halfacre, acquired 880.4331 shares of Class C Common Stock through a dividend reinvestment plan.

Summary

• Aaron Scott Halfacre, CEO and President of MODIV INDUSTRIAL, INC. (MDV), acquired 880.4331 shares of the company's Class C Common Stock.
• The transaction occurred on November 14, 2025, at a price of $13.83 per share.
• These shares were acquired through dividend reinvestment transactions, which are exempt from Section 16 pursuant to Rule 16a-11 and are being reported voluntarily.
• Following this transaction, Aaron Scott Halfacre beneficially owns a total of 125,799.22 shares of Class C Common Stock.
• The filing was signed on November 17, 2025, by John Raney, acting as Power of Attorney for Aaron Scott Halfacre.

Sentiment

Score: 6

Explanation: The transaction is a routine dividend reinvestment, indicating continued participation in the company's equity but not a discretionary purchase that would signal strong conviction or a significant change in outlook.

Positives

• The acquisition of additional shares by the CEO, even through a dividend reinvestment plan, can be viewed as a minor positive signal of continued confidence in the company's long-term prospects and dividend policy.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This insider transaction report is specific to MODIV INDUSTRIAL and does not provide broader industry context or trends.

Stakeholder Impact

• Shareholders: The increase in insider ownership, even through a routine DRIP, may be viewed as a minor positive signal of management's alignment with shareholder interests.

Key Dates

Keywords

MODIV INDUSTRIAL, MDV, Aaron Scott Halfacre, Insider Transaction, Form 4, Dividend Reinvestment, Common Stock, CEO, Share Acquisition