Medifast director reports indirect share holdings

MEDIFAST INC director Kiai Parsa filed an initial Form 3 reporting indirect ownership of 657,590 shares of Common Stock held by Steamboat Capital investment entities.

Rhea-AI Filing Summary

MEDIFAST INC director Kiai Parsa filed an initial Form 3 reporting indirect ownership of 657,590 shares of Common Stock held by Steamboat Capital investment entities. The filing states he may be deemed to have a pecuniary interest in these shares but disclaims beneficial ownership beyond that interest.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Kiai Parsa

Role Director

Type	Security	Shares	Price	Value
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 657,590 shares (Indirect, Shares held by Steamboat Capital Partners, LLC.)

Footnotes (1)

1. F1. Shares are owned by Steamboat Capital Partners Master Fund, LP (Master). Master has delegated investment discretion to Steamboat Capital Partners, LLC (IA). Shares are owned by Steamboat Capital Partners II, LP (II). Steamboat Capital Partners GP, LLC (GP) is general partner of, and entitled to receive a performance allocation from, each of Master and II. The reporting person is the Managing Member of GP and IA. Accordingly, the reporting person may be deemed to have a pecuniary interest in shares owned by Master and II. The reporting person disclaims beneficial ownership of securities reported hereon except to the extent of his pecuniary interest therein.

Key Figures

Indirectly owned common shares: 657,590 shares

1 metrics

Indirectly owned common shares 657,590 shares Indirect holdings via Steamboat Capital entities as of May 19, 2026

Key Terms

indirect, pecuniary interest, disclaims beneficial ownership, performance allocation

4 terms

indirect financial

"Shares are owned by Steamboat Capital Partners Master Fund, LP (Master)."

pecuniary interest financial

"Accordingly, the reporting person may be deemed to have a pecuniary interest in shares owned by Master and II."

disclaims beneficial ownership financial

"The reporting person disclaims beneficial ownership of securities reported hereon except to the extent of his pecuniary interest therein."

performance allocation financial

"Steamboat Capital Partners GP, LLC (GP) is general partner of, and entitled to receive a performance allocation from, each of Master and II."

FAQ

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

What does Kiai Parsa's Form 3 filing for MEDIFAST (MED) report?

The Form 3 reports director Kiai Parsa’s initial indirect ownership in MEDIFAST common stock. It shows 657,590 shares held through Steamboat Capital investment entities, establishing his starting reportable position as an insider under SEC disclosure rules for directors and major stakeholders.

How many MEDIFAST (MED) shares are reported in Kiai Parsa's Form 3?

The filing reports 657,590 shares of MEDIFAST Common Stock as indirectly owned. These shares are held by Steamboat Capital Partners Master Fund, LP and Steamboat Capital Partners II, LP, with related management and general partner entities entitled to performance allocations tied to those holdings.

Is Kiai Parsa's ownership in MEDIFAST shares direct or indirect?

The Form 3 shows indirect ownership in MEDIFAST shares. The 657,590 shares are owned by Steamboat Capital funds and related entities, with Parsa serving as Managing Member of certain managing and general partner entities rather than holding the shares personally in his own name.

Does Kiai Parsa’s Form 3 indicate a recent MEDIFAST share purchase or sale?

The Form 3 reflects a holding entry, not a specific purchase or sale. It establishes Parsa’s reportable indirect position in MEDIFAST common stock as of the filing date, without identifying any particular buy or sell transaction in the reported share amount.

What ownership disclaimer does Kiai Parsa include in his MEDIFAST Form 3?

The filing states Parsa may be deemed to have a pecuniary interest in shares owned by Steamboat Capital funds. However, he expressly disclaims beneficial ownership of the reported securities, except to the extent of his pecuniary interest arising from those investment and performance-related arrangements.

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

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Accepted by SEC EDGAR 05/28/2026 - 07:29 PM EDT Learn about SEC filing dates

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Kiai Parsa

(Last) (First) (Middle)

C/O MEDIFAST, INC.

1501 S. CLINTON STREET, SUITE 500

(Street)

BALTIMORE MARYLAND 21224

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
05/19/2026

3. Issuer Name and Ticker or Trading Symbol
MEDIFAST INC [ MED ]

3a. Foreign Trading Symbol

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

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	657,590	I	Shares held by Steamboat Capital Partners, LLC.(1)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Shares are owned by Steamboat Capital Partners Master Fund, LP (Master). Master has delegated investment discretion to Steamboat Capital Partners, LLC (IA). Shares are owned by Steamboat Capital Partners II, LP (II). Steamboat Capital Partners GP, LLC (GP) is general partner of, and entitled to receive a performance allocation from, each of Master and II. The reporting person is the Managing Member of GP and IA. Accordingly, the reporting person may be deemed to have a pecuniary interest in shares owned by Master and II. The reporting person disclaims beneficial ownership of securities reported hereon except to the extent of his pecuniary interest therein.

Remarks:

Exhibit List: Exhibit 24 - Limited Power of Attorney

	/s/ James P. Maloney, attorney-in-fact	05/28/2026
	** 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 5 (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.
* Form 3: SEC 1473 (03-26)