GRIF Griffin Industrial Realty Inc

FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES                                                                                   
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940                       

1. Name and Address of Reporting Person * MAY JONATHAN P	2. Issuer Name and Ticker or Trading Symbol INDUS REALTY TRUST, INC. [ INDT ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director                    _____ 10% Owner _____ Officer (give title below)    _____ Other (specify below)
(Last)          (First)          (Middle) 641 LEXINGTON AVENUE	3. Date of Earliest Transaction (MM/DD/YYYY) 6/16/2021
(Street) NEW YORK, NY 10022 (City)        (State)        (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY)	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. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. 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

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. 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		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 of Derivative Security: 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
Restricted Stock Units	(1)	6/16/2021		A		668.9		6/16/2022 (2)	6/16/2031 (2)	Common Stock	668.9	$0	668.9	D
Common Stock Options (right to buy)	$31.38							9/18/2012	9/17/2022	Common Stock	1911		1911	D
Common Stock Options (right to buy)	$28.95							5/14/2015	5/13/2023	Common Stock	1381		1381	D
Common Stock Options (right to buy)	$27.52							5/13/2016	5/12/2024	Common Stock	1453		1453	D
Common Stock Options (right to buy)	$30.71							5/12/2017	5/11/2025	Common Stock	1302		1302	D
Common Stock Options (right to buy)	$25.6							5/10/2018	5/10/2026	Common Stock	1562		1562	D
Common Stock Options (right to buy)	$29.78							5/9/2019	5/9/2027	Common Stock	1343		1343	D
Common Stock Options (right to buy)	$37.65							5/15/2020	5/15/2028	Common Stock	1061		1061	D
Common Stock Options (right to buy)	$36.19							5/14/2021	5/14/2029	Common Stock	1104		1104	D
Common Stock Options (right to buy)	$37.49							5/7/2022	5/7/2030	Common Stock	1067		1067	D

Explanation of Responses:
(1)	Each restricted stock unit represents the contingent right to receive one share of common stock upon vesting of the unit.
(2)	All of the restricted stock units are scheduled to vest on June 16, 2022.

Reporting Owners
Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
MAY JONATHAN P 641 LEXINGTON AVENUE NEW YORK, NY 10022	X

Signatures
/s/Jonathan P. May		6/21/2021
**Signature of Reporting Person		Date