Medalist Diversified REIT, Inc. (MDRR) CEO reports stock purchases

Rhea-AI Filing Summary

Medalist Diversified REIT, Inc. insider Frank Kavanaugh, who serves as chairman, CEO, president and a director and is identified as a 10% owner, reported purchases of the company’s common stock. On 12/12/2025, he acquired 88 shares at $13 and 2,494 shares at $12.99. Following these transactions, he directly beneficially owned 302,177 shares of Medalist Diversified REIT common stock.

Insider Trade Summary

Net Buyer: 2,582 shares

Net Buy 2 txns

Insider KAVANAUGH FRANK

Role CHAIRMAN, CEO & PRESIDENT

Bought 2,582 shs ($34K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	88	$13.00	$1K
Purchase	Common Stock	2,494	$12.99	$32K

Holdings After Transaction: Common Stock — 302,177 shares (Direct)

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 12/15/2025 - 08:53 AM Learn about SEC filing dates

FAQ

What insider transaction did Medalist Diversified REIT (MDRR) report?

The filing reports that Frank Kavanaugh purchased 88 shares at $13 and 2,494 shares at $12.99 of Medalist Diversified REIT, Inc. common stock on 12/12/2025.

Who is the reporting person in this MDRR Form 4 filing and what is his role?

The reporting person is Frank Kavanaugh, who is listed as a director, 10% owner, and officer with the title chairman, CEO & president of Medalist Diversified REIT, Inc.

Were the MDRR insider transactions reported as purchases or sales?

The transactions in the Form 4 are coded as P, indicating acquisitions (purchases) of common stock, with the shares marked as A for acquired.

How many Medalist Diversified REIT (MDRR) shares does Frank Kavanaugh own after these transactions?

After the reported 12/12/2025 transactions, Frank Kavanaugh is shown as directly beneficially owning 302,177 shares of Medalist Diversified REIT, Inc. common stock.

Is Frank Kavanaugh’s ownership in MDRR held directly or indirectly?

The Form 4 lists his post-transaction holdings of 302,177 shares with an ownership form of Direct (D), indicating direct beneficial ownership.

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^*

KAVANAUGH FRANK

(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)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	CHAIRMAN, CEO & PRESIDENT

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

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	12/12/2025		P		88	A	$13	299,683	D
Common Stock	12/12/2025		P		2,494	A	$12.99	302,177	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/ Frank Kavanaugh	12/15/2025
	** 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.