| 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, Attorney-in-Fact | 06 May 2025 | 0001271775 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | MDRR | Operating Partnership Units | Purchase | +252K | +41.1% | 864K | 21 Feb 2025 | Common Stock | 252K | See footnote (5). | F1, F2, F3, F4, F5 |
| Id | Content |
|---|---|
| F1 | 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 Issuer's common stock on a one-for-one basis; however, pursuant to the related subscription agreement between the operating partnership and BET Trust, BET Trust may not redeem the operating partnership units for shares of the Issuer's common stock unless such redemption is approved by a majority of the votes cast on the matter at a meeting of the stockholders of the Issuer or by written consent of the stockholders of the Issuer in lieu of a special meeting to the extent permitted by applicable state and federal law. |
| F2 | No expiration date. |
| F3 | 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 Issuer's common stock on a one-for-one basis; however, pursuant to the related subscription agreement between the operating partnership and BET Trust, BET Trust may not redeem the operating partnership units for shares of the Issuer's common stock unless such redemption is approved by a majority of the votes cast on the matter at a meeting of the stockholders of the Issuer or by written consent of the stockholders of the Issuer in lieu of a special meeting to the extent permitted by applicable state and federal law. |
| F4 | 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 Issuer's common stock on a one-for-one basis; however, pursuant to the related subscription agreement between the operating partnership and BET Trust, BET Trust may not redeem the operating partnership units for shares of the Issuer's common stock unless such redemption is approved by a majority of the votes cast on the matter at a meeting of the stockholders of the Issuer or by written consent of the stockholders of the Issuer in lieu of a special meeting to the extent permitted by applicable state and federal law. |
| F5 | Represents operating partnership units in the Issuer's operating partnership, Medalist Diversified Holdings, LP, held by BET Trust dated March 11, 1999, for which the Reporting Person and his wife are co-trustees. |