Frank Kavanaugh - 16 Apr 2026 Form 4 Insider Report for Medalist Diversified, Inc. (MDRR)

Reporting relationship: CHAIRMAN, CEO & PRESIDENT, Director, 10%+ Owner
Issuer ticker: MDRR
Reported as of: 16 Apr 2026
Net transaction value: $0
SEC form: 4
Accepted by SEC: 17 Apr 2026, 08:46:27 UTC
Prior SEC filing: 13 Mar 2026
Source filing: View source filing
Reporting owner signature: /s/ Frank Kavanaugh

Key filing fact

Frank Kavanaugh filed Form 4 for Medalist Diversified, Inc. (MDRR) on 17 Apr 2026.

Key facts

This page summarizes Frank Kavanaugh's Form 4 filing for Medalist Diversified, Inc. (MDRR).
2 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 17 Apr 2026, 08:46.

Change

Previous filing in this sequence was filed on 13 Mar 2026.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001271775 Primary reporting owner

KAVANAUGH FRANK

Relationship: CHAIRMAN, CEO & PRESIDENT, Director, 10%+ Owner
Address: MEDALIST DIVERSIFIED, INC., POST OFFICE BOX 8436, RICHMOND
Signature: /s/ Frank Kavanaugh
Signature date: 17 Apr 2026

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

MDRR transaction

Common Stock

Conversion of derivative security

Transaction value
Shares: +200,000
Change %: +31%
Price: $11.36^*
Shares after: 846,177
Date: 16 Apr 2026
Ownership: Direct
Footnotes: F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

MDRR transaction Derivative

Operating Partnership Units

Conversion of derivative security

Transaction value
Shares: -200,000
Change %: -25%
Price
Shares after: 606,200
Date: 16 Apr 2026
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 200,000
Exercise price
Footnotes: F1, F2, F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

Pursuant to a notice of exercise of common unit redemption rights, Mr. Kavanaugh tendered 200,000 operating partnership units for redemption on April 16, 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.

Footnote F2

Operating partnership units in the Company'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.

Footnote F3

No expiration date.