Director Neil Farmer adds MDRR (MDRR) shares, now holds 14,258

Rhea-AI Filing Summary

Medalist Diversified REIT, Inc. director Neil P. Farmer reported acquiring additional common stock. On 01/28/2026, he acquired 2,500 shares of common stock at a price of $12.12 per share. Following this transaction, he directly owns 14,258 shares of Medalist Diversified REIT common stock.

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

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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^*

Farmer Neil P

(Last) (First) (Middle)

7 SHADOW LANE

(Street)

RICHMOND VA 23229

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
01/28/2026

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	01/28/2026		A		2,500	A	$12.12	14,258	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:

	/s/ Neil Farmer	01/30/2026
	** 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 MDRR director Neil P. Farmer report?

Neil P. Farmer reported acquiring 2,500 shares of Medalist Diversified REIT common stock. The transaction occurred on 01/28/2026 at a price of $12.12 per share, increasing his direct ownership to 14,258 common shares in total.

At what price did Neil P. Farmer acquire MDRR shares in this Form 4?

Neil P. Farmer acquired the MDRR common stock at $12.12 per share. The Form 4 shows a single acquisition of 2,500 shares on 01/28/2026, reflecting the per-share purchase price and resulting updated share ownership.

How many Medalist Diversified REIT (MDRR) shares does Neil P. Farmer now own?

After the reported transaction, Neil P. Farmer directly owns 14,258 shares of Medalist Diversified REIT common stock. This total includes the newly acquired 2,500 shares purchased on 01/28/2026 and is reported as his beneficial ownership following the transaction.

What role does Neil P. Farmer hold at Medalist Diversified REIT (MDRR)?

Neil P. Farmer is a director of Medalist Diversified REIT, Inc. The Form 4 identifies his relationship to the issuer as a director and reports his change in beneficial ownership of MDRR common stock through the 2,500-share acquisition.

Is Neil P. Farmer’s MDRR share ownership reported as direct or indirect?

Neil P. Farmer’s ownership is reported as direct. The Form 4 indicates his 14,258 Medalist Diversified REIT common shares are held with a direct ownership form, with no additional nature of indirect beneficial ownership disclosed in the filing.