MDRR CEO Frank Kavanaugh buys 4 shares at $11.75 – Form 4 filing

Rhea-AI Filing Summary

Medalist Diversified REIT, Inc. (MDRR) – Form 4 insider transaction

On 06/13/2025, Chairman, CEO & President Frank Kavanaugh, who is also a director and 10% owner, filed a Form 4 reporting an open-market purchase (Transaction Code “P”) of 4 common shares at $11.75 per share. Following the trade, his direct holding rose to 240,004 shares. No derivative securities were involved in this filing.

The purchase slightly increases Kavanaugh’s already large stake and may signal confidence, but the very small share count means the economic impact on ownership percentage and the company’s capital structure is negligible.

Positive

• Insider purchase: CEO Frank Kavanaugh bought additional shares on the open market, a traditional, if modest, vote of confidence.

Negative

• Immaterial size: Only 4 shares were acquired, adding less than 0.01% to the insider’s position and offering minimal informational content for investors.

Insights

Securities Analyst

TL;DR: CEO bought 4 MDRR shares at $11.75; positive signal but immaterial size, overall neutral market impact.

The Form 4 shows a token purchase by insider Frank Kavanaugh. Insider buying can be interpreted as a confidence marker, yet acquiring only four shares—less than 0.01% of his existing position—offers limited informational value. No derivatives or accompanying sales were disclosed, and the executive remains a >10% holder with 240,004 shares. With no change to cash flow, leverage, or guidance, the filing is unlikely to affect valuation or trading dynamics.

Insider Trade Summary

Net Buyer: 4 shares

Net Buy 1 txn

Insider KAVANAUGH FRANK

Role CHAIRMAN, CEO & PRESIDENT

Bought 4 shs ($47.00)

Type	Security	Shares	Price	Value
Purchase	Common Stock	4	$11.75	$47.00

Holdings After Transaction: Common Stock — 240,004 shares (Direct)

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did MDRR CEO Frank Kavanaugh purchase according to the June 2025 Form 4?

He bought 4 shares of common stock at $11.75 each.

How many Medalist Diversified REIT shares does Frank Kavanaugh now own?

Following the transaction he directly owns 240,004 common shares.

When was the MDRR insider transaction executed?

The purchase occurred on June 13, 2025.

Does the Form 4 include any derivative security activity?

No, no derivative securities were acquired or disposed of.

What transaction code appears in the MDRR Form 4 filing?

The filing lists transaction code P, indicating an open-market or private share purchase.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 06/20/2025 - 11:29 AM EDT Learn about SEC filing dates

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)
06/13/2025

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	06/13/2025		P		4	A	$11.75	240,004	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, Attorney-in-Fact	06/20/2025
	** 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.