Form 4 for MDRR Medalist Diversified, Inc.
Accepted 2025-11-17 00:00:00 ET · period of report 2025-11-14 · accession 0001271775-25-000005 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2025-11-17 | 2025-11-14 | MDRR | KAVANAUGH FRANK | COB, CEO, Pres, Dir, 10% | P - Purchase | $13.50 | +20.0K | 224.0K | +10% | +$270.0K |
| D | 2025-11-17 | 2025-11-14 | MDRR | KAVANAUGH FRANK | COB, CEO, Pres, Dir, 10% | D - Sale to Iss | — | -2,405 | 221.6K | -1% | — |
| D | 2025-11-17 | 2025-11-14 | MDRR | KAVANAUGH FRANK | COB, CEO, Pres, Dir, 10% | A - Grant | — | +2,405 | 1.11M | +0.2% | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2025-11-14 | P | A | 20,000 | $13.50 | 223,979 | D | — | — | (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. |
| 2 | Common | Common Stock | 2025-11-14 | D | D | 2,405 | — | 221,574 | D | — | — | (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. |
| 3 | Derivative | Operating Partnership Units | 2025-11-14 | A | A | 2,405 | — | 1,106,200 | D | — · 2026-11-14 to — | 2,405 Common Stock | (F6) On November 14, 2025, the Reporting Person exchanged 2,405 shares of Common Stock 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. |