Medalist Diversified CEO converts 200K units
Medalist Diversified, Inc. Chairman, CEO & President Frank Kavanaugh converted 200,000 Operating Partnership Units into 200,000 shares of common stock on April 16, 2026.
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Form Type
4
Rhea-AI Filing Summary
Medalist Diversified, Inc. Chairman, CEO & President Frank Kavanaugh converted 200,000 Operating Partnership Units into 200,000 shares of common stock on April 16, 2026. The company elected to issue common stock under common unit redemption rights, and the filing states no sale or monetization of securities occurred. Following the conversion, Kavanaugh directly holds 846,177 shares of common stock.
Insider Trade Summary
200,000 shares exercised/converted
Exercise
2 txns
Insider
KAVANAUGH FRANK
Role
CHAIRMAN, CEO & PRESIDENT
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Operating Partnership Units | 200,000 | $0.00 | $0.00 |
| Conversion | Common Stock | 200,000 | $11.36 | $2.27M |
Holdings After Transaction:
Operating Partnership Units — 606,200 contracts (Direct);
Common Stock — 846,177 shares (Direct)
Footnotes (3)
- F1. Pursuant to a notice of exercise of common unit redemption rights, Mr. Kavanaugh tendered 200,000 operating partnership units for redemption on April 16, 2026. The Company elected to issue common stock for the redemption of the operating partnership units. This transaction represents solely a redemption of operating partnership units for common stock. No sale or monetization of securities has occurred.
- F2. Operating partnership units in the Company's operating partnership, Medalist Diversified Holdings, LP, are redeemable for cash or, at the operating partnership's option, shares of the Company's common stock on a one-for-one basis.
- F3. No expiration date.
Key Figures
Operating Partnership Units converted: 200,000 units
Common shares received: 200,000 shares
Post-transaction common stock holdings: 846,177 shares
+1 more
4 metrics
Operating Partnership Units converted
200,000 units
Redeemed on April 16, 2026
Common shares received
200,000 shares
Issued on unit redemption, one-for-one basis
Post-transaction common stock holdings
846,177 shares
Direct ownership after conversion
Recorded share price in conversion line
$11.36 per share
Common stock transaction entry on April 16, 2026
Key Terms
Operating Partnership Units, common unit redemption rights, redeemable for cash, one-for-one basis, +1 more
5 terms
Operating Partnership Units financial
"security_title: "Operating Partnership Units""
Operating partnership units are ownership stakes in a limited partnership that typically sits under a real estate investment trust or similar corporate structure; each unit represents a claim on the partnership’s cash flow and assets and is often convertible into the parent company’s common shares. For investors, these units matter because they convey economic interest and potential voting influence, can be used to compensate managers, and may dilute or change the value of common shares — think of them as second-layer shares that interact with the main stock like shares in a holding company.
common unit redemption rights financial
"Pursuant to a notice of exercise of common unit redemption rights"
redeemable for cash financial
"are redeemable for cash or, at the operating partnership's option"
one-for-one basis financial
"shares of the Company's common stock on a one-for-one basis"
no expiration date financial
"No expiration date."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did MDRR CEO Frank Kavanaugh report on this Form 4?
Frank Kavanaugh reported converting 200,000 Operating Partnership Units into 200,000 shares of Medalist Diversified, Inc. common stock. The company chose to settle the redemption in stock under common unit redemption rights, and the filing emphasizes that no sale or monetization of securities occurred.
What are Operating Partnership Units in relation to Medalist Diversified, Inc.?
Operating Partnership Units are interests in Medalist Diversified Holdings, LP, the company’s operating partnership. According to the filing, these units are redeemable for cash or, at the operating partnership’s option, for shares of Medalist Diversified, Inc. common stock on a one-for-one basis without an expiration date.
What does the Form 4 say about the expiration of these Operating Partnership Units?
The Form 4 notes that the Operating Partnership Units have no expiration date. A footnote specifies “No expiration date,” indicating the units can be redeemed for cash or common stock at the operating partnership’s option without a stated time limit on that redemption right.
How is the conversion of Operating Partnership Units to MDRR common stock priced in this filing?
The non-derivative line shows 200,000 common shares at $11.36 per share in the transaction entry. Separately, a footnote explains that Operating Partnership Units are redeemable into common stock on a straightforward one-for-one basis, meaning each unit converts into one share of common stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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