Form 4: MODIV Industrial Director Increases Stake Through Dividend Reinvestment

Christopher Raymond Gingras, a Director at MODIV Industrial, Inc. (MDV), has increased his beneficial ownership of Class C Common Stock through dividend reinvestment transactions.

Summary

• Christopher Raymond Gingras, a Director of MODIV Industrial, Inc. (MDV), acquired additional shares of COMMON STOCK, CLASS C.
• On June 16, 2025, Mr. Gingras acquired 21.1074 shares at a price of $13.71 per share.
• On the same date, he acquired an additional 30.8421 shares at a price of $14.75 per share.
• These acquisitions were made through dividend reinvestment transactions, which are exempt from Section 16 pursuant to Rule 16a-11 and are being reported voluntarily.
• Following these transactions, Mr. Gingras beneficially owns a total of 7,696.0071 shares of COMMON STOCK, CLASS C.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as a director is increasing their stake, albeit through routine dividend reinvestment, which signals continued confidence in the company.

Positives

• A Director, Christopher Raymond Gingras, increased his beneficial ownership in the company, which can be interpreted as a sign of continued confidence in MODIV Industrial, Inc.'s future prospects.
• The acquisitions were part of dividend reinvestment transactions, indicating the company's ongoing dividend payments and the director's choice to reinvest, further aligning his interests with shareholders.

Future Outlook

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

Management Comments

• The filing indicates that the shares were acquired in dividend reinvestment transactions exempt from Section 16 pursuant to Rule 16a-11, and are being reported voluntarily on this Form 4.

Industry Context

This Form 4 filing details a routine insider transaction (dividend reinvestment) and does not provide broader industry context or trends. Such transactions are common across various industries when companies pay dividends and insiders opt to reinvest.

Stakeholder Impact

• Shareholders: The increase in a director's stake, even through dividend reinvestment, may be viewed positively as it aligns management's interests more closely with those of other shareholders, potentially signaling confidence in the company's long-term value.

Key Dates

Keywords

MODIV Industrial, MDV, SEC Form 4, Insider Trading, Director Stock Acquisition, Dividend Reinvestment, Common Stock, Beneficial Ownership