ALF Operating Partners, Ltd. - May 16, 2022 Form 4 Insider Report for Medalist Diversified REIT, Inc. (MDRR)

Role: 10%+ Owner
Signature: /s/ Alfred Lee Finley, President of ALF Acquisitions Company, LLC, general partner of ALF Operating Partners, Ltd.
Stock symbol: MDRR
Transactions as of: May 16, 2022
Transactions value $: $5,110
Form type: 4
Date filed: 7/1/2022, 05:14 PM

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MDRR	Common Stock	Purchase	$1.96K	+2K	+1.67%	$0.98	122K	May 16, 2022	Direct	F1, F2
transaction	MDRR	Common Stock	Purchase	$3.15K	+3K	+2.46%	$1.05	125K	May 20, 2022	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	ALF Operating Partners, Ltd., a Texas limited partnership ("ALF Operating"), owns less than 10% of the outstanding common stock of the Issuer, but, pursuant to Rule 16a-1 under the Securities Exchange Act of 1934, as amended (the "Act"), it may be deemed to be a more than 10% beneficial owner of such stock because it may be deemed to be a member of a "group" pursuant to Section 13(d)(3) of the Act with ALF Operating's control person, Alfred Lee Finley ("Finley"), as described below. The combined holdings of ALF Operating and Finley exceed 10% of such outstanding stock. Finley is reporting transactions in shares of the common stock for his personal account in a separate Form 4 of even date herewith.
F2	Finley is the sole member and President of ALF Acquisitions Company, LLC, a Texas limited liability company ("ALF Genpar"), which is the sole general partner of ALF Operating. Pursuant to Section 13(d)(3) of the Act, ALF Genpar and Finley may each be deemed to be the indirect beneficial owner of shares of the common stock held by ALF Operating.

Content

ALF Operating Partners, Ltd., a Texas limited partnership ("ALF Operating"), owns less than 10% of the outstanding common stock of the Issuer, but, pursuant to Rule 16a-1 under the Securities Exchange Act of 1934, as amended (the "Act"), it may be deemed to be a more than 10% beneficial owner of such stock because it may be deemed to be a member of a "group" pursuant to Section 13(d)(3) of the Act with ALF Operating's control person, Alfred Lee Finley ("Finley"), as described below. The combined holdings of ALF Operating and Finley exceed 10% of such outstanding stock. Finley is reporting transactions in shares of the common stock for his personal account in a separate Form 4 of even date herewith.

Finley is the sole member and President of ALF Acquisitions Company, LLC, a Texas limited liability company ("ALF Genpar"), which is the sole general partner of ALF Operating. Pursuant to Section 13(d)(3) of the Act, ALF Genpar and Finley may each be deemed to be the indirect beneficial owner of shares of the common stock held by ALF Operating.