Form 4: Modiv Industrial CFO Raymond Pacini Reports Changes in Beneficial Ownership

Raymond Pacini, CFO of Modiv Industrial, Inc., reports the conversion of Class P and Class R OP Units into Class C OP Units, impacting his beneficial ownership of the company's securities.

Summary

• On March 28, 2024, Raymond Pacini, the CFO of Modiv Industrial, Inc., reported changes in his beneficial ownership of the company's securities.
• The changes involve the conversion of Class P OP Units and Class R OP Units into Class C OP Units of Modiv Operating Partnership, LP.
• 16,029 Class P OP Units were converted into Class C OP Units on a 1.66667:1 basis.
• 33,333 Class R OP Units were converted into Class C OP Units on a 2.5:1 basis.
• The Class C OP Units are redeemable for cash or exchangeable for shares of the issuer's Class C Common Stock on a 1:1 basis.
• Following these transactions, Pacini directly owns 115,580.5 shares of COMMON STOCK, CLASS C.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• Shareholders are informed about changes in the CFO's holdings, which can influence investor sentiment.

Key Dates