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

Rexford Industrial Realty Co-CEO Michael S. Frankel sold 23,132 shares of common stock for approximately $35.29 per share under a pre-arranged plan.

Summary

• Michael S. Frankel, who serves as Co-CEO, Co-President, and Director of Rexford Industrial Realty, Inc. (REXR), reported a sale of common stock.
• The transaction involved the disposition of 23,132 shares of common stock, par value $0.01.
• The sale occurred on March 17, 2026, at a weighted average price of $35.2913 per share, with prices ranging from $35.14 to $35.45.
• This transaction was executed pursuant to a Rule 10b5-1(c) plan, indicating a pre-scheduled sale.
• Following this transaction, Frankel directly owns 560,406 shares of common stock.
• Frankel also holds 753,991 LTIP Units and 612,967 Performance Units in Rexford Industrial Realty, L.P., the operating partnership of the Issuer.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral to slightly negative event. The sale by a Co-CEO, while executed under a pre-planned 10b5-1 arrangement, still represents a reduction in insider ownership, which investors may monitor.

Negatives

• A key insider, Michael S. Frankel (Co-CEO, Co-President, and Director), sold 23,132 shares of common stock.
• The sale price was $35.2913 per share, totaling approximately $816,490.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that insider sales, particularly by high-ranking executives like a Co-CEO, are often scrutinized by investors for potential signals regarding management's confidence. However, transactions executed under a Rule 10b5-1 plan are pre-scheduled and typically for personal financial planning, diversification, or tax purposes, rather than a reaction to immediate company performance or new material non-public information.

Stakeholder Impact

• Shareholders may interpret the Co-CEO's sale of shares as a data point regarding insider sentiment, even if executed under a pre-planned arrangement.

Key Dates

Recommendation

The sale of shares by a Co-CEO, executed under a Rule 10b5-1 plan, suggests a pre-determined financial strategy rather than a reaction to immediate company performance. While this mitigates the negative implications of an unplanned insider sale, it still represents a reduction in insider holdings. Investors should maintain a 'hold' position, monitoring future company performance and any further insider activity.

Keywords

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