Halfacre Aaron Scott's Form 4 filing
Modiv Industrial, Inc. (MDV) · filed Apr 1, 2024
- Accession no.
- 0001645873-24-000060
- Filed
- Apr 1, 2024
- Trade date
- Mar 28, 2024
- Filing delay
- 4 days
- Rule 10b5-1 plan
- Not checked
This filing lists 2 non-derivative transactions and 6 derivative transactions. Open-market sales total $17.6K. It was filed 4 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Halfacre Aaron ScottCIK 0001615279 | Director, Officer (CEO and President) |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Mar 28, 2024 | COMMON STOCK, CLASS C | CConversionAcquired | +29,876.67 | –F1 | – | 105,378.65 | Direct | |
| Mar 28, 2024 | COMMON STOCK, CLASS C | SSaleDisposed | −1,030 | $17.13 | −$17,643.9 | 104,348.65 | Direct |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Mar 28, 2024 | COMMON STOCK, CLASS C | MOption exerciseDisposed | −66,666.67 | –F2 | – | 0 | Direct | |
| Mar 28, 2024 | COMMON STOCK, CLASS C | MOption exerciseDisposed | −526,667.5 | –F3 | – | 0 | Direct | |
| Mar 28, 2024 | COMMON STOCK, CLASS C | MOption exerciseAcquired | +66,666.67 | –F2 | – | 66,666.67 | Direct | |
| Mar 28, 2024 | COMMON STOCK, CLASS C | MOption exerciseAcquired | +526,667.5 | –F3 | – | 593,334.17 | Direct | |
| Mar 28, 2024 | COMMON STOCK, CLASS C | JOtherDisposed | −110,000 | –F1 | – | 483,334.17 | Direct | |
| Mar 28, 2024 | COMMON STOCK, CLASS C | CConversionDisposed | −29,876.67 | –F1 | – | 453,457.5 | Direct |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
The Class C OP Units are redeemable for cash or, at the issuer's option, exchangeable for shares of the issuer's Class C Common Stock on a 1:1 basis, and have no expiration.
Referenced by the price of 1 transaction in Table I and 2 transactions in Table II.
- F2
There is no expiration date in connection with the 40,000 Class P OP Units ("Class P OP Units") of Modiv Operating Partnership, LP (the "Partnership"), issued to the reporting person; however, the Class P OP Units automatically and mandatorily converted into Class C OP Units of the Partnership ("Class C OP Units") on March 28, 2024 on a 1.66667:1 basis. The Class C OP Units are redeemable for cash or, at the issuer's option, exchangeable for shares of the issuer's Class C Common Stock on a 1:1 basis, and have no expiration.
Referenced by the price of 2 transactions in Table II.
- F3
There is no expiration date in connection with the 210,667 Class R OP Units ("Class R OP Units") of the Partnership issued to the reporting person; however, the Class R OP Units automatically and mandatorily converted into Class C OP Units on March 28, 2024 on a 2.5:1 basis. The Class C OP Units are redeemable for cash or, at the issuer's option, exchangeable for shares of the issuer's Class C Common Stock on a 1:1 basis, and have no expiration.
Referenced by the price of 2 transactions in Table II.