Form 4: MODIV Industrial Director Increases Stake Through Dividend Reinvestment Plan

Christopher R. Gingras, a Director at MODIV Industrial, Inc., has increased his direct beneficial ownership in the company's common and preferred stock through dividend reinvestment transactions.

Summary

• Christopher R. Gingras, a Director of MODIV Industrial, Inc. (MDV), acquired additional shares of the company's stock on July 15, 2025.
• Gingras acquired 28.3352 shares of Common Stock, Class C, at a price of $13.94 per share.
• He also acquired an additional 33.6767 shares of Common Stock, Class C, at $14.76 per share.
• Furthermore, 41.525 shares of Series A Cumulative Redeemable Perpetual Preferred Stock were acquired at $24.51 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.
• The transactions were conducted pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged purchase or sale plan.
• Following these transactions, Christopher R. Gingras directly owns 9,223.3599 shares of Common Stock, Class C, and 2,208.673 shares of Series A Cumulative Redeemable Perpetual Preferred Stock.

Sentiment

Score: 6

Explanation: Slightly positive due to an insider increasing their stake, which can be interpreted as a sign of confidence in the company. However, as a routine dividend reinvestment, its broader market impact is limited.

Positives

• A Director increasing their stake, even through dividend reinvestment, can signal confidence in the company's long-term prospects and management's belief in the company's value.
• The transactions were part of a dividend reinvestment plan, indicating a consistent and systematic investment strategy by the insider.

Future Outlook

No forward-looking statements or guidance are provided in this filing, as it is a report of past and current beneficial ownership changes.

Industry Context

This filing is a routine disclosure of an insider transaction and does not provide broader industry context or trends. It reflects an individual director's investment activity within the company.

Related Party Transactions

• The transactions involve the acquisition of shares through a dividend reinvestment plan, which is a standard program offered by companies to shareholders.

Stakeholder Impact

• Shareholders may view the director's increased stake as a positive signal of confidence in the company's future performance and stability.

Key Dates

Recommendation

Keywords

MODIV Industrial, MDV, SEC Form 4, Insider Transaction, Director Stock Acquisition, Dividend Reinvestment Plan, Common Stock, Preferred Stock, Christopher Gingras, Beneficial Ownership