Alvin Murstein - 16 Feb 2023 Form 4 Insider Report for MEDALLION FINANCIAL CORP (MFIN)

Role
Chairman & Chief Executive Officer, Director
Signature
/s/ Alvin Murstein
Issuer symbol
MFIN
Transactions as of
16 Feb 2023
Net transactions value
-$18,556
Form type
4
Filing time
21 Feb 2023, 15:29:10 UTC
Previous filing
16 Feb 2023
Next filing
03 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MFIN Common Stock Award $0 +24,648 +10% $0.000000 266,679 16 Feb 2023 Direct F1
transaction MFIN Common Stock Tax liability $18,556 -2,340 -0.88% $7.93 264,339 17 Feb 2023 Direct F2
holding MFIN Common Stock 1,358,300 16 Feb 2023 See Footnote F3
holding MFIN Common Stock 117,660 16 Feb 2023 See Footnote F4
holding MFIN Common Stock 5,000 16 Feb 2023 See Footnote F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted shares of common stock awarded under the Medallion Financial Corp. 2018 Equity Incentive Plan which will vest in equal one-third increments on March 1, 2024, March 1, 2025 and March 1, 2026.
F2 Shares withheld by the Issuer to satisfy tax obligations arising upon vesting of restricted stock award granted previously under the Medallion Financial Corp. 2018 Equity Incentive Plan in a transaction exempt under Rule 16b-3 under the Securities Exchange Act of 1934.
F3 Represents shares beneficially owned by the Alvin Murstein Second Family Trust of which Mr. Murstein is a co-trustee and the beneficiary.
F4 Represents beneficially owned by the Aileen J. Murstein Family 2012 Trust of which Mr. Murstein is the grantor and Mr. Murstein's spouse is a co-trustee and the beneficiary.
F5 Represents shares owned by Mr. Murstein's spouse.

Remarks:

Chairman & Chief Executive Officer