[Form 4] Medalist Diversified REIT, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Charles Brent Winn Jr., Chief Financial Officer of Medalist Diversified REIT, Inc. (MDRR), reported open-market purchases totaling 1,115 common shares across two transactions on 08/12/2025 and 08/13/2025 recorded as direct ownership.

On 08/12/2025 he acquired 206 shares at a weighted average price of $10.574 (individual prices ranged $10.50–$10.60). On 08/13/2025 he acquired 909 shares at a weighted average price of $10.833 (individual prices ranged $10.45–$10.85). Following these purchases his reported direct beneficial ownership is 54,374 shares. The filing states he will provide detailed per-trade price breakdowns upon request.

Positive

• Officer purchases shares: CFO acquired 1,115 shares in open-market transactions, demonstrating that insider activity was disclosed.
• Detailed disclosure: Filing includes weighted-average prices and states willingness to provide per-trade breakdowns, supporting transparency.
• Direct ownership increase: Reported direct beneficial ownership rose to 54,374 shares following the transactions.

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: The CFO made small open-market purchases increasing direct holdings to 54,374 shares; disclosure is routine and complete.

The filing documents two open-market purchases by the Chief Financial Officer totaling 1,115 shares at weighted average prices of $10.574 and $10.833. The transactions are recorded as direct ownership and include statements offering detailed per-trade price information on request, which supports transparency. Without context on outstanding shares or holdings as a percentage of float, the purchases appear routine for insider reporting and do not, on their face, indicate a material shift in governance or control.

Securities Analyst

TL;DR: Insider purchases disclosed precisely; size and dollar amounts are small in isolation, limiting clear market impact.

The report shows purchases on consecutive days: 206 shares at a $10.574 weighted average and 909 shares at a $10.833 weighted average, combining for 1,115 shares. The registrant and reporting person committed to provide the per-trade breakdowns used to compute the weighted averages. Absent data on total outstanding shares or recent market volume, these transactions provide factual disclosure but do not by themselves quantify material impact on valuation or control.

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^*

Winn Charles Brent Jr.

(Last) (First) (Middle)

MEDALIST DIVERSIFIED REIT, INC.

POST OFFICE BOX 8436

(Street)

RICHMOND VA 23226

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Medalist Diversified REIT, Inc. [ MDRR ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CHIEF FINANCIAL OFFICER

3. Date of Earliest Transaction (Month/Day/Year)
08/12/2025

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	08/12/2025		P		206	A	$10.574(1)	53,465	D
Common Stock	08/13/2025		P		909	A	$10.833(2)	54,374	D

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. The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $10.50 to $10.60, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

2. The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $10.45 to $10.85, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

	/s/ Charles Brent Winn, Jr.	08/13/2025
	** 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 transactions were reported for Medalist Diversified REIT (MDRR)?

The CFO, Charles Brent Winn Jr., purchased a total of 1,115 common shares in two open-market transactions on 08/12/2025 and 08/13/2025.

How many shares does the CFO own after the reported MDRR transactions?

Following the reported transactions the CFO's direct beneficial ownership is 54,374 shares.

At what prices were the MDRR shares purchased?

The 08/12/2025 purchases had a weighted average price of $10.574 (range $10.50–$10.60). The 08/13/2025 purchases had a weighted average price of $10.833 (range $10.45–$10.85).

Were the MDRR purchases direct or indirect holdings?

The filing reports these shares as Direct (D) ownership.

Can I get more detail on the per-trade prices for the MDRR purchases?

Yes. The reporting person undertakes to provide, upon request, full information regarding the number of shares purchased at each separate price within the stated ranges.