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Form 4 MODIV INC. For: Jun 27 Filed by: Ishaq Asma

June 29, 2022 9:10 PM EDT

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FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person *
Ishaq Asma

(Last) (First) (Middle)
120 NEWPORT CENTER DRIVE

(Street)
NEWPORT BEACH CA 92660

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
MODIV INC. [ MDV ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
06/27/2022
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
COMMON STOCK, CLASS C 06/27/2022   P   5.1479 A $ 15.97 866.0837 D  
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
/s/ John Raney, by Power of Attorney for Asma Ishaq 06/29/2022
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
MODIV INC.
POWER OF ATTORNEY

    Know all by these presents, that the undersigned hereby constitutes and appoints each of John Raney, 
Sandra Sciutto and Reginald Salanga, the undersigned's true and lawful attorney-in-fact to:

(1)    prepare, execute in the undersigned's name and on the undersigned's behalf, and submit to 
the U.S. Securities and Exchange Commission (the "SEC") a Form ID, including 
amendments thereto, and any other documents necessary or appropriate to obtain codes and 
passwords enabling the undersigned to make electronic filings with the SEC of reports 
required by Section 16(a) of the Securities and Exchange Act of 1934 or any rule or 
regulations of the SEC;

(2)    execute for and on behalf of the undersigned, in the undersigned's capacity as an officer 
and/or director of Modiv Inc. (the "Company"), Forms 3, 4, and 5, and amendments thereto, 
in accordance with Section 16(a) of the Securities Exchange Act of 1934 and the rules 
thereunder, and any other forms or reports the undersigned may be required to file in 
connection with the undersigned's ownership, acquisition, or disposition of securities of the 
Company;

(3)    do and perform any and all acts for and on behalf of the undersigned which may be necessary 
or desirable to complete and execute any such Form ID and Form 3, 4, or 5, or other form or 
report, or amendment thereto, and timely file such form with the SEC and any stock 
exchange, self-regulatory association or similar authority; and

(4)    take any other action of any type whatsoever in connection with the foregoing which, in the 
opinion of such attorney-in-fact, may be of benefit to, in the best interest of, or legally 
required by, the undersigned, it being understood that the documents executed by such 
attorney-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in 
such form and shall contain such terms and conditions as such attorney-in-fact may approve 
in such attorney-in-fact's discretion.

    The undersigned hereby grants to each such attorney-in-fact full power and authority to do and perform 
any and every act and thing whatsoever requisite, necessary, or proper to be done in the exercise of any of 
the rights and powers herein granted, as fully to all intents and purposes as the undersigned might or 
could do if personally present, with full power of substitution or revocation, hereby ratifying and 
confirming all that such attorney-in-fact, or such attorney-in-fact's substitute or substitutes, shall lawfully 
do or cause to be done by virtue of this power of attorney and the rights and powers herein granted.  The 
undersigned acknowledges that the foregoing attorneys-in-fact, in serving in such capacity at the request 
of the undersigned, are not assuming, nor is the Company assuming, any of the undersigned's 
responsibilities to comply with Section 16 of the Securities Exchange Act of 1934.

    The validity of this Power of Attorney shall not be affected in any manner by reason of the execution, at 
any time, of other powers of attorney by the undersigned in favor of persons other than those named 
herein.

    This Power of Attorney shall remain in full force and effect until the undersigned is no longer required to 
file Forms 3, 4, and 5 with respect to the undersigned's holdings of and transactions in securities issued 
by the Company, unless earlier revoked by the undersigned in a signed writing delivered to the foregoing 
attorneys-in-fact.  This Power of Attorney may be filed with the SEC as a confirming statement of the 
authority granted herein.


IN WITNESS WHEREOF, I have hereunto set my hand this 13th day of December, 2021.
                            


      /s/ ASMA ISHAQ
      Name: ASMA ISHAQ


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