Howard Schwimmer - Jul 24, 2024 Form 4 Insider Report for Rexford Industrial Realty, Inc. (REXR)

Role: Co-CEO, Co-President, Director
Signature: /s/ Cher Riban, as attorney-in-fact
Stock symbol: REXR
Transactions as of: Jul 24, 2024
Transactions value $: -$1,483,343
Form type: 4
Date filed: 7/26/2024, 07:12 PM
Previous filing: Jun 28, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	REXR	Common Stock, par value $0.01	Conversion of derivative security	$0	+30.4K	+59.91%	$0.00	81K	Jul 24, 2024	Direct	F1
transaction	REXR	Common Stock, par value $0.01	Sale	-$1.48M	-30.4K	-37.46%	$48.86	50.7K	Jul 26, 2024	Direct	F2
holding	REXR	Common Stock, par value $0.01						13.6K	Jul 24, 2024	See Footnote	F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	REXR	Operating Partnership Units	Conversion of derivative security	$0	-30.4K	-28.44%	$0.00	76.4K	Jul 24, 2024	Common Stock, par value $0.01	30.4K		Direct	F1, F4, F5, F6, F7
holding	REXR	Operating Partnership Units						49.3K	Jul 24, 2024	Common Stock, par value $0.01	49.3K		See Footnote	F4, F5, F6, F8

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents common units of limited partnership interest ("OP Units") of Rexford Industrial Realty, L.P. (the "Operating Partnership") tendered by the Reporting Person for redemption and exchange into common stock of the Issuer in accordance with the terms of the Limited Partnership Agreement of the Operating Partnership.
F2	This transaction was executed in multiple trades at prices ranging from $48.6901 to $49.005. The price reported above reflects the weighted average sale price. Full information regarding the number of shares sold at each price shall be provided upon request to the Staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.
F3	Represents shares of common stock held by the Schwimmer Family Irrevocable Trust, for which the Reporting Person is a trustee. The Reporting Person disclaims beneficial ownership of such common stock, except to the extent of his pecuniary interest therein.
F4	Represents OP Units in the Operating Partnership. The Issuer is the general partner of the Operating Partnership. OP Units are redeemable for cash equal to the then-current market value of one share of common stock, or at the election of the Issuer, for shares of the Issuer's common stock on a one for-one basis.
F5	The OP Units are exchangeable for common stock of the Issuer on a one-for-one basis.
F6	n/a
F7	The Reporting Person also owns 593,508 LTIP Units and 528,547 Performance Units, both of which are a class of limited partnership units in the Operating Partnership.
F8	Represents 7,275 OP Units held by the Schwimmer Living Trust dated December 14, 2001, for which the Reporting Person is a trustee, and 42,002 OP Units held by the Schwimmer Family Irrevocable Trust, for which the Reporting Person is a trustee. The Reporting Person disclaims beneficial ownership of such OP Units, except to the extent of his pecuniary interest therein.