Medalist Diversified REIT (MDRR) CEO Kavanaugh acquires 4,000 common shares

Rhea-AI Filing Summary

Medalist Diversified REIT, Inc. insider share purchase: Chairman, CEO and President Frank Kavanaugh reported acquiring 4,000 shares of the company’s common stock on January 28, 2026 at a price of $12.12 per share. Following this transaction, he directly owns 306,177 common shares of Medalist Diversified REIT, Inc.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider KAVANAUGH FRANK

Role CHAIRMAN, CEO & PRESIDENT

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	4,000	$12.12	$48K

Holdings After Transaction: Common Stock — 306,177 shares (Direct)

Footnotes (1)

Form 4 Insider Transactions: What Each Field Means →

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)
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		4,000	A	$12.12	306,177	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	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 report for Frank Kavanaugh?

Frank Kavanaugh reported acquiring 4,000 shares of Medalist Diversified REIT, Inc. common stock. The transaction occurred on January 28, 2026 and was coded as an acquisition, increasing his directly held stake in the company.

At what price were the MDRR shares acquired by the CEO?

The 4,000 Medalist Diversified REIT, Inc. common shares were acquired at a price of $12.12 per share. This per-share price comes directly from the reported non-derivative transaction details in the insider filing.

How many MDRR shares does Frank Kavanaugh own after the transaction?

After the reported acquisition, Frank Kavanaugh beneficially owns 306,177 shares of Medalist Diversified REIT, Inc. common stock. The filing classifies this ownership as direct, meaning the shares are held in his own name.

What is Frank Kavanaugh’s role at Medalist Diversified REIT, Inc.?

Frank Kavanaugh is identified as Chairman, CEO & President of Medalist Diversified REIT, Inc. The filing also notes he is both a director and a 10% owner of the company in addition to his executive positions.

Was the MDRR insider transaction direct or indirect ownership?

The insider filing lists the 4,000-share acquisition as direct ownership, indicated by the code “D” in the ownership column. No separate entity or indirect beneficial ownership structure is referenced in the transaction details or footnotes.