Medallion Financial (MFIN) grants Murstein stock; withholds shares

Rhea-AI Filing Summary

Medallion Financial Corp director and officer Andrew Murstein reported compensation-related stock activity, not open-market trading. He received 323,870 shares of common stock at no cost upon vesting of previously granted performance units under the Medallion Financial Corp 2018 Equity Incentive Plan. To cover tax obligations from this vesting, 165,336 shares were withheld by the company at a price of $9.59 per share in a transaction exempt under Rule 16b-3. After these entries, he directly holds 971,064 common shares and indirectly holds 1,481,963 common shares through the Andrew Murstein Family Trust.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider MURSTEIN ANDREW

Role See Remarks

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	323,870	$0.00	--
Tax Withholding	Common Stock	165,336	$9.59	$1.59M
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 1,136,400 shares (Direct); Common Stock — 1,481,963 shares (Indirect, See Footnote)

Footnotes (1)

1. Represents shares received upon vesting of performance units granted previously under the Medallion Financial Corp. 2018 Equity Incentive Plan. Shares withheld by the Issuer to satisfy tax obligations arising upon vesting of performance unit award granted previously under the Medallion Financial Corp. 2018 Equity Incentive Plan in a transaction exempt under Rule 16b-3 under the Securities Exchange Act of 1934. Represents shares beneficially owned by the Andrew Murstein Family Trust.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

MURSTEIN ANDREW

(Last) (First) (Middle)

C/O MEDALLION FINANCIAL CORP.

437 MADISON AVENUE

(Street)

NEW YORK NY 10022

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
MEDALLION FINANCIAL CORP [ MFIN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	See Remarks

3. Date of Earliest Transaction (Month/Day/Year)
03/10/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/10/2026		A		323,870(1)	A	$0	1,136,400	D
Common Stock	03/10/2026		F		165,336(2)	D	$9.59	971,064	D
Common Stock								1,481,963	I	See Footnote(3)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents shares received upon vesting of performance units granted previously under the Medallion Financial Corp. 2018 Equity Incentive Plan.

2. Shares withheld by the Issuer to satisfy tax obligations arising upon vesting of performance unit award granted previously under the Medallion Financial Corp. 2018 Equity Incentive Plan in a transaction exempt under Rule 16b-3 under the Securities Exchange Act of 1934.

3. Represents shares beneficially owned by the Andrew Murstein Family Trust.

Remarks:

President, Chief Executive Officer and Chief Operating Officer

	/s/ Andrew M. Murstein	03/11/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Andrew Murstein report in his latest Form 4 for Medallion Financial (MFIN)?

Andrew Murstein reported a stock award vesting and related tax withholding, not an open-market trade. He received 323,870 Medallion Financial common shares from performance units, with 165,336 shares withheld by the issuer to cover tax obligations.

How many Medallion Financial (MFIN) shares did Andrew Murstein receive as an award?

He received 323,870 Medallion Financial common shares upon vesting of performance units. These units were previously granted under the company’s 2018 Equity Incentive Plan and converted into shares without a cash purchase price on the transaction date.

Why were 165,336 Medallion Financial (MFIN) shares disposed of in Murstein’s Form 4?

The 165,336 shares were withheld by Medallion Financial to satisfy tax obligations from the vesting of a performance unit award. This is a tax-withholding disposition under Rule 16b-3, not an open-market sale, and is treated as a compensation-related transaction.

How many Medallion Financial (MFIN) shares does Andrew Murstein hold after these transactions?

After the March 10 transactions, Andrew Murstein directly owns 971,064 Medallion Financial common shares. He also indirectly owns 1,481,963 common shares through the Andrew Murstein Family Trust, as disclosed in the indirect ownership holding entry.

Were any Medallion Financial (MFIN) shares traded on the open market in this Form 4?

No open-market buys or sells were reported. The filing shows a grant of 323,870 shares from vested performance units and a withholding of 165,336 shares by the issuer to cover taxes, both categorized as compensation-related transactions.

What role does the Andrew Murstein Family Trust play in his Medallion Financial (MFIN) holdings?

The Form 4 states that 1,481,963 Medallion Financial common shares are beneficially owned by the Andrew Murstein Family Trust. These are reported as indirect holdings, separate from his directly owned 971,064 common shares after the reported activity.