Frank Kavanaugh - Nov 14, 2025 Form 4 Insider Report for Medalist Diversified REIT, Inc. (MDRR)

Role
CHAIRMAN, CEO & PRESIDENT, Director, 10%+ Owner
Signature
/s/ Frank Kavanaugh
Stock symbol
MDRR
Transactions as of
Nov 14, 2025
Transactions value $
$270,000
Form type
4
Date filed
11/17/2025, 06:02 PM
Previous filing
Nov 13, 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
KAVANAUGH FRANK CHAIRMAN, CEO & PRESIDENT, Director, 10%+ Owner MEDALIST DIVERSIFIED REIT, INC., POST OFFICE BOX 8436, RICHMOND /s/ Frank Kavanaugh 2025-11-17 0001271775

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MDRR Common Stock Purchase $270K +20K +9.8% $13.50 224K Nov 14, 2025 Direct F1
transaction MDRR Common Stock Disposed to Issuer -2.41K -1.07% 222K Nov 14, 2025 Direct F2, 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 MDRR Operating Partnership Units Award +2.41K +0.22% 1.11M Nov 14, 2025 Common Stock 2.41K Direct F4, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to a Stock Purchase Agreement dated November 14, 2025, Frank Kavanaugh purchased 20,000 shares of common stock for $13.50 per share from Marc Carlson, a member of the Board of Directors of Medalist Diversified REIT, Inc.
F2 Represents shares exchanged under an Exchange Agreement dated November 14, 2025 (the "Exchange Agreement") pursuant to which Mr. Kavanaugh exchanged 2,405 shares of common stock, par value $0.01 per share (the "Common Stock") of Medalist Diversified REIT, Inc. (the "Company"), on a one-for-one basis for 2,405 units of limited partnership interest (the "OP Units") in the Company's operating partnership, Medalist Diversified Holdings, LP (the "Operating Partnership").
F3 Represents shares exchanged subject to the Exchange Agreement pursuant to which Mr. Kavanaugh exchanged 2,405 shares of Common Stock, on a one-for-one basis for 2,405 OP Units.
F4 OP Units are redeemable for cash or, at the Company's option, shares of Common Stock, on a one-for-one basis after a holding period of one-year.
F5 No expiration date.
F6 On November 14, 2025, the Reporting Person exchanged 2,405 shares of Common Stock for 2,405 OP Units.