Medalist Diversified REIT, Inc. (MDRR) insiders detail $15 stock sales

Rhea-AI Filing Summary

Medalist Diversified REIT, Inc. reported insider stock sales by director and 10% owner Alfred Lee Finley and 10% owner Susan Finley. On December 10, 2025, they entered stock purchase agreements to sell 60,000 shares of common stock at $15.00 per share to Frank Kavanaugh, the company’s Chairman, CEO and President, and 40,000 shares of common stock at $15.00 per share to BRP Investments, LLC.

The filing notes that the shares sold in each transaction are owned by Alfred and Susan Finley as joint tenants, and confirms that the form is filed jointly on behalf of both reporting persons.

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^*

Finley Alfred Lee

(Last) (First) (Middle)

850 EAST INDUSTRIAL AVE.

(Street)

SAGINAW TX 76131

(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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
12/10/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	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	12/10/2025		S		60,000(1)	D	$15	106,659	D(2)
Common Stock	12/10/2025		S		40,000(3)	D	$15	66,659	D(4)

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

1. Name and Address of Reporting Person^*

Finley Alfred Lee

(Last) (First) (Middle)

850 EAST INDUSTRIAL AVE.

(Street)

SAGINAW TX 76131

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

Finley Susan

(Last) (First) (Middle)

2800 GOLDEN TRIANGLE BLVD.

(Street)

FORT WORTH TX 76177

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

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

Explanation of Responses:

1. Pursuant to a Stock Purchase Agreement dated December 10, 2025, Alfred Lee Finley and Susan Finley sold 60,000 shares of common stock for $15.00 per share to Frank Kavanaugh, the Chairman, CEO and President of Medalist Diversified REIT, Inc.

2. Shares are owned by Alfred Lee Finley and his wife, Susan Finley, as joint tenants.

3. Pursuant to a Stock Purchase Agreement dated December 10, 2025, Alfred Lee Finley and Susan Finley sold 40,000 shares of common stock for $15.00 per share to BRP Investments, LLC.

4. Shares are owned by Alfred Lee Finley and his wife, Susan Finley, as joint tenants.

	/s/ Alfred Lee Finley	12/11/2025
	/s/ Susan Finley	12/11/2025
	** 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 did Medalist Diversified REIT (MDRR) report in this filing?

The filing reports that Alfred Lee Finley and Susan Finley entered stock purchase agreements dated December 10, 2025 to sell 60,000 shares of common stock at $15.00 per share to Frank Kavanaugh and 40,000 shares at $15.00 per share to BRP Investments, LLC.

Who are Alfred Lee Finley and Susan Finley in relation to Medalist Diversified REIT (MDRR)?

The filing identifies Alfred Lee Finley as a director and 10% owner of Medalist Diversified REIT, Inc., and Susan Finley as a 10% owner. The shares referenced are owned by them as joint tenants.

Who purchased the MDRR shares sold by Alfred and Susan Finley, and at what price?

According to the disclosure, 60,000 shares of common stock were sold at $15.00 per share to Frank Kavanaugh, the Chairman, CEO and President of Medalist Diversified REIT, Inc., and 40,000 shares were sold at $15.00 per share to BRP Investments, LLC.

When did the reported MDRR insider stock sales occur?

The reported stock sales by Alfred and Susan Finley took place on December 10, 2025, as reflected in the transaction date and the stock purchase agreements dated that day.

How many MDRR shares are shown as beneficially owned after the transactions?

Table I shows one transaction line where 106,659 shares of common stock are beneficially owned following a 60,000-share sale, and another line where 66,659 shares are beneficially owned following a 40,000-share sale.

Are the MDRR shares sold by Alfred and Susan Finley held jointly?

Yes. The explanations state that the shares referenced in both the 60,000-share and 40,000-share transactions are owned by Alfred Lee Finley and his wife, Susan Finley, as joint tenants.