FRANK KAVANAUGH - 08 Aug 2025 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
08 Aug 2025
Transactions value $
$0
Form type
4
Filing time
11 Aug 2025, 08:22:45 UTC
Previous filing
20 Jun 2025
Next filing
15 Aug 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 11 Aug 2025 0001271775

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MDRR Common Stock Disposed to Issuer -240K -100% 0 08 Aug 2025 Direct F1, F2

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 +240K +27.78% 1.1M 08 Aug 2025 Common Stock 240K Direct F3, F4, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares exchanged under an Exchange Agreement dated August 8, 2025 (the "Exchange Agreement") pursuant to which Mr. Kavanaugh exchanged 240,004 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 240,004 units of limited partnership interest (the "OP Units") in the Company's operating partnership, Medalist Diversified Holdings, LP (the "Operating Partnership").
F2 Represents shares exchanged subject to the Exchange Agreement pursuant to which Mr. Kavanaugh exchanged 240,004 shares of Common Stock, on a one-for-one basis for 240,004 OP Units.
F3 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 from the date of the Exchange Agreement.
F4 Represents OP Units received subject to the Exchange Agreement pursuant to which Mr. Kavanaugh exchanged 240,004 shares of Common Stock on a one-for-one basis for 240,004 OP Units.
F5 No expiration date.
F6 On August 8, 2025, the Reporting Person exchanged 240,004 shares of Common Stock for 240,004 OP Units.