Medallion Financial (MFIN) director granted 72,103 shares; 36,809 withheld for taxes

Rhea-AI Filing Summary

Medallion Financial Corp director and officer Alvin Murstein reported equity compensation activity in the company’s common stock. He received 72,103 shares on March 10, 2026 as a grant tied to previously awarded performance units under the Medallion Financial Corp. 2018 Equity Incentive Plan.

To cover tax obligations from this vesting, 36,809 shares were withheld by the company at $9.59 per share in a transaction exempt under Rule 16b-3, rather than sold in the open market. After these transactions, he directly holds 330,261 shares, with additional indirect holdings of 1,358,300, 117,660, and 5,000 shares through family trusts and his spouse.

Insider Trade Summary

5 transactions reported

Mixed 5 txns

Insider MURSTEIN ALVIN

Role See Remarks

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	72,103	$0.00	--
Tax Withholding	Common Stock	36,809	$9.59	$353K
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 367,070 shares (Direct); Common Stock — 1,358,300 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 Alvin Murstein Second Family Trust of which Mr. Murstein is a co-trustee and the beneficiary. Represents beneficially owned by the Aileen J. Murstein Family 2012 Trust of which Mr. Murstein is the grantor and Mr. Murstein's spouse is a co-trustee and the beneficiary. Represents shares owned by Mr. Murstein's spouse.

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
Estimated average burden
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 ALVIN

(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		72,103(1)	A	$0	367,070	D
Common Stock	03/10/2026		F		36,809(2)	D	$9.59	330,261	D
Common Stock								1,358,300	I	See Footnote(3)
Common Stock								117,660	I	See Footnote(4)
Common Stock								5,000	I	See Footnote(5)

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 Alvin Murstein Second Family Trust of which Mr. Murstein is a co-trustee and the beneficiary.

4. Represents beneficially owned by the Aileen J. Murstein Family 2012 Trust of which Mr. Murstein is the grantor and Mr. Murstein's spouse is a co-trustee and the beneficiary.

5. Represents shares owned by Mr. Murstein's spouse.

Remarks:

Executive Chairman

	/s/ Alvin 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 insider transaction did Alvin Murstein report for MEDALLION FINANCIAL CORP (MFIN)?

Alvin Murstein reported vesting of a performance-based equity award, receiving 72,103 Medallion Financial Corp common shares. In connection with this vesting, 36,809 shares were withheld by the company to satisfy related tax obligations, rather than being sold into the market.

Was the Medallion Financial (MFIN) insider transaction an open-market sale or purchase?

The filing shows no open-market sale or purchase. Shares were granted as equity compensation, and a portion was withheld by the issuer at $9.59 per share solely to cover tax obligations arising from the vesting, under an exemption in Rule 16b-3.

How many Medallion Financial shares did Alvin Murstein receive and how many were withheld for taxes?

Murstein received 72,103 Medallion Financial common shares from vesting of performance units. Of these, 36,809 shares were withheld by the company at $9.59 per share to satisfy tax liabilities triggered by the award, leaving the remainder as net shares credited to him.

What are Alvin Murstein’s direct Medallion Financial holdings after this Form 4 transaction?

Following the reported award vesting and tax withholding, Murstein directly holds 330,261 Medallion Financial common shares. This figure reflects his direct ownership after accounting for the new shares received and the shares withheld to meet tax obligations on the performance unit vesting.

What indirect Medallion Financial (MFIN) holdings related to Alvin Murstein are disclosed?

The filing lists indirect holdings of 1,358,300 shares in the Alvin Murstein Second Family Trust, 117,660 shares in the Aileen J. Murstein Family 2012 Trust, and 5,000 shares owned by his spouse, all in Medallion Financial common stock, in addition to his direct position.

Under which plan were the Medallion Financial performance units granted to Alvin Murstein?

The performance units that vested into 72,103 Medallion Financial shares were granted under the Medallion Financial Corp. 2018 Equity Incentive Plan. This plan governs the company’s stock-based awards, including performance units that can convert into common shares upon vesting conditions being met.