Frank Kavanaugh - 12 Feb 2026 Form 4 Insider Report for Medalist Diversified REIT, Inc. (MDRR)

Role
CHAIRMAN, CEO & PRESIDENT, Director, 10%+ Owner
Signature
/s/ Frank Kavanaugh
Issuer symbol
MDRR
Transactions as of
12 Feb 2026
Net transactions value
+$3,720,000
Form type
4
Filing time
17 Feb 2026, 18:31:10 UTC
Previous filing
30 Jan 2026
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 17 Feb 2026 0001271775

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MDRR Common Stock Conversion of derivative security $3,720,000 +300,000 +98% $12.40 606,177 12 Feb 2026 Direct F1

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 Conversion of derivative security -160,000 -14% 946,200 12 Feb 2026 Common Stock 160,000 Direct F1, F2, F3
transaction MDRR Operating Partnership Units Conversion of derivative security -140,000 -15% 806,200 12 Feb 2026 Common Stock 140,000 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to a notice of exercise of common unit redemption rights, Mr. Kavanaugh tendered 300,000 operating partnership units for redemption on February 12, 2026. The Company elected to issue common stock for the redemption of the operating partnership units. This transaction represents solely a redemption of operating partnership units for common stock. No sale or monetization of securities has occurred.
F2 Operating partnership units in the Issuer's operating partnership, Medalist Diversified Holdings, LP, are redeemable for cash or, at the operating partnership's option, shares of the Company's common stock on a one-for-one basis.
F3 No expiration date.