Murstein uses 51,878 MFIN shares for tax withholding

MEDALLION FINANCIAL CORP director and officer Andrew Murstein reported a tax-related share disposition.

Rhea-AI Filing Summary

MEDALLION FINANCIAL CORP director and officer Andrew Murstein reported a tax-related share disposition. On the vesting of previously granted restricted stock under the 2018 Equity Incentive Plan, the issuer withheld 51,878 common shares at $10.09 per share to satisfy tax obligations, a transaction exempt under Rule 16b-3. After this, Murstein directly holds 812,530 common shares and indirectly benefits from 1,481,963 shares held by the Andrew Murstein Family Trust.

Insider Trade Summary

Exercise Price or Tax Liability: 51,878 shares

Exercise Price or Tax Liability 2 txns

Insider MURSTEIN ANDREW

Role See Remarks

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	51,878	$10.09	$523K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 812,530 shares (Direct); Common Stock — 1,481,963 shares (Indirect, See Footnote)

Footnotes (2)

1. F1. 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. F2. Represents shares beneficially owned by the Andrew Murstein Family Trust.

FAQ

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

What did Andrew Murstein report in his latest Form 4 for MEDALLION FINANCIAL CORP (MFIN)?

Andrew Murstein reported a tax-withholding disposition of 51,878 MEDALLION FINANCIAL CORP common shares. The issuer withheld these shares at $10.09 each to cover taxes owed when previously granted restricted stock awards vested.

Was Andrew Murstein’s MFIN Form 4 transaction an open-market sale?

No, the Form 4 shows a tax-withholding disposition, not an open-market sale. Shares were withheld by the issuer to satisfy tax obligations from vesting restricted stock awards, in a transaction exempt under Rule 16b-3.

How many MFIN shares does Andrew Murstein hold directly after this Form 4 transaction?

After the tax-withholding event, Andrew Murstein directly holds 812,530 MEDALLION FINANCIAL CORP common shares. This reflects his remaining direct ownership following the issuer’s withholding of 51,878 shares for tax obligations on vested restricted stock.

What indirect ownership in MFIN shares is reported for Andrew Murstein?

The filing states that 1,481,963 common shares are beneficially owned by the Andrew Murstein Family Trust. These shares are reported as indirect ownership, reflecting the trust’s holdings associated with Murstein rather than his personal direct account.

What does transaction code F mean in Andrew Murstein’s MFIN Form 4?

Transaction code F indicates shares used to pay an exercise price or tax liability. Here, 51,878 MEDALLION FINANCIAL CORP shares were withheld by the issuer to cover taxes from vesting restricted stock awards under the 2018 Equity Incentive Plan.

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

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Accepted by SEC EDGAR 03/02/2026 - 04:07 PM EST 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^*

MURSTEIN ANDREW

(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		51,878(1)	D	$10.09	812,530	D
Common Stock								1,481,963	I	See Footnote(2)

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 Andrew Murstein Family Trust.

Remarks:

President, Chief Executive Officer and Chief Operating Officer

	/s/ Andrew M. 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).
** 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.