Alvin Murstein logs tax-withholding stock disposition at Medallion Financial (MFIN)

Rhea-AI Filing Summary

Medallion Financial Corp director and officer Alvin Murstein reported a tax-withholding disposition of 11,973 shares of common stock. The shares were withheld by the company at $10.09 per share to cover tax obligations arising from the vesting of previously granted restricted stock awards under the Medallion Financial Corp. 2018 Equity Incentive Plan.

After this transaction, Murstein directly held 294,967 common shares. He also had indirect beneficial interests in additional shares, including those held by the Alvin Murstein Second Family Trust, the Aileen J. Murstein Family 2012 Trust, and shares owned by his spouse, as described in the footnotes.

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

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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^*

MURSTEIN ALVIN

(Last) (First) (Middle)

C/O MEDALLION FINANCIAL CORP.

437 MADISON AVENUE

(Street)

NEW YORK NY 10022

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
MEDALLION FINANCIAL CORP [ MFIN ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
03/01/2026

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	03/01/2026		F		11,973(1)	D	$10.09	294,967	D
Common Stock								1,358,300	I	See Footnote(2)
Common Stock								117,660	I	See Footnote(3)
Common Stock								5,000	I	See Footnote(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

Explanation of Responses:

1. Shares withheld by the Issuer to satisfy tax obligations arising upon vesting of restricted stock awards granted previously under the Medallion Financial Corp. 2018 Equity Incentive Plan in a transaction exempt under Rule 16b-3 under the Securities Exchange Act of 1934.

2. Represents shares beneficially owned by the Alvin Murstein Second Family Trust of which Mr. Murstein is a co-trustee and the beneficiary.

3. Represents beneficially owned by the Aileen J. Murstein Family 2012 Trust of which Mr. Murstein is the grantor and Mr. Murstein's spouse is a co-trustee and the beneficiary.

4. Represents shares owned by Mr. Murstein's spouse.

Remarks:

Executive Chairman

	/s/ Alvin Murstein	03/02/2026
	** 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).
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FAQ

What insider transaction did Alvin Murstein report for MFIN on this Form 4?

Alvin Murstein reported a tax-withholding disposition of 11,973 Medallion Financial common shares. The company withheld these shares at $10.09 per share to satisfy tax obligations triggered by the vesting of restricted stock awards previously granted under the 2018 Equity Incentive Plan.

Was Alvin Murstein’s Medallion Financial Form 4 transaction an open-market sale?

No, the Form 4 describes a tax-withholding disposition, not an open-market sale. Shares were withheld by Medallion Financial to cover taxes owed when restricted stock vested under the company’s 2018 Equity Incentive Plan, in a transaction exempt under Rule 16b-3.

How many Medallion Financial shares does Alvin Murstein hold directly after this Form 4?

After the reported tax-withholding disposition, Alvin Murstein directly holds 294,967 Medallion Financial common shares. This figure reflects his direct ownership position following the company’s withholding of 11,973 shares to satisfy tax obligations from restricted stock vesting.

What indirect Medallion Financial holdings related to Alvin Murstein are disclosed?

The filing discloses indirect beneficial ownership through several family-related holdings, including the Alvin Murstein Second Family Trust, the Aileen J. Murstein Family 2012 Trust, and shares owned by his spouse. These positions are reported as indirect ownership with additional detail provided in the Form 4 footnotes.

What is the role of the 2018 Equity Incentive Plan in this MFIN Form 4?

The 2018 Equity Incentive Plan is the source of the restricted stock awards that vested and triggered taxes. To satisfy those tax obligations, Medallion Financial withheld 11,973 common shares from Alvin Murstein, which is the disposition reported on this Form 4 filing.

How does Rule 16b-3 apply to Alvin Murstein’s Medallion Financial transaction?

The footnotes state the withholding transaction is exempt under Rule 16b-3. That SEC rule provides exemptions for certain insider transactions tied to company compensation plans, such as shares withheld to pay taxes when equity awards like restricted stock vest.