Form 4: Rexford Industrial Co-CEO Sells Shares Under 10b5-1 Plan

Rexford Industrial Realty Co-CEO Michael S. Frankel reported the sale of 38,368 shares of common stock over three days in early December 2025, pursuant to a Rule 10b5-1 plan.

Summary

• Michael S. Frankel, Co-CEO, Co-President, and Director of Rexford Industrial Realty, Inc. (REXR), sold shares of common stock.
• The transactions occurred on December 2, 3, and 4, 2025.
• A total of 38,368 shares were sold across these three days.
• The sales were executed at weighted average prices ranging from $41.5031 to $41.6076 per share.
• Following these transactions, Frankel directly owns 602,288 shares of common stock.
• The sales were made pursuant to a Rule 10b5-1 pre-arranged trading plan.
• Frankel also holds 692,933 LTIP Units and 532,871 Performance Units in Rexford Industrial Realty, L.P.

Sentiment

Score: 5

Explanation: The filing reports routine insider sales executed under a Rule 10b5-1 trading plan, which are pre-scheduled and do not necessarily reflect a change in management's sentiment about the company's future prospects. While it represents a reduction in direct share ownership, the pre-planned nature makes it a neutral event rather than a strong positive or negative signal.

Negatives

• Co-CEO Michael S. Frankel disposed of 38,368 shares of common stock.
• This reduces his direct beneficial ownership of common stock to 602,288 shares.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: May perceive insider selling as a negative signal, though mitigated by the pre-arranged Rule 10b5-1 plan, which suggests the sales are for personal financial planning rather than a reaction to new company-specific information.

Key Dates

Recommendation

The reported insider sales by Co-CEO Michael S. Frankel were executed under a pre-arranged Rule 10b5-1 trading plan. Such plans are typically established for personal financial planning, diversification, or liquidity purposes and do not necessarily indicate a change in the insider's view of the company's fundamental prospects. While the direct share ownership has decreased, Frankel retains a significant stake in the company, including substantial LTIP and Performance Units. Therefore, this filing alone does not provide a strong signal to alter an existing investment position, warranting a 'hold' recommendation.

Keywords

Rexford Industrial Realty, REXR, Insider Trading, Form 4, Stock Sale, Michael S. Frankel, Co-CEO, Director, Rule 10b5-1