Andrew Murstein reports 11.73% stake in Medallion (NASDAQ: MFIN)

Rhea-AI Filing Summary

Medallion Financial Corp. beneficial ownership filing shows Andrew M. Murstein reports beneficial ownership of 2,801,776 shares of Common Stock, representing 11.73% of the class. The position includes 348,749 shares issuable upon option exercise and 1,481,963 shares held in the Andrew Murstein Family Trust. The filing cites 23,530,083 shares outstanding as of March 9, 2026. The filing is signed on 04/06/2026.

Key Figures

Beneficial ownership: 2,801,776 shares Percent of class: 11.73% Options exercisable: 348,749 shares +2 more

5 metrics

Beneficial ownership 2,801,776 shares Amount beneficially owned reported in Schedule 13G/A

Percent of class 11.73% Based upon 23,530,083 shares outstanding as of March 9, 2026

Options exercisable 348,749 shares Shares which may be acquired upon exercise of stock options

Family trust holdings 1,481,963 shares Held in the Andrew Murstein Family Trust

Shares outstanding used 23,530,083 shares Shares outstanding as of March 9, 2026 per 10-K cover page

Key Terms

beneficially owned, sole dispositive power, Schedule 13G/A, family trust

4 terms

beneficially owned financial

"Amount beneficially owned: 2,801,776 (including 348,749 shares...)"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

sole dispositive power regulatory

"Sole power to dispose or to direct the disposition of: 2,801,776"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

Schedule 13G/A regulatory

"(Amendment No. 24 ) Medallion Financial Corp. Common Stock..."

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

family trust financial

"1,481,963 shares held in the Andrew Murstein Family Trust"

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Accepted by SEC EDGAR 04/06/2026 - 09:00 AM Learn about SEC filing dates

FAQ

What stake does Andrew M. Murstein report in Medallion Financial (MFIN)?

He reports beneficial ownership of 2,801,776 shares, equal to 11.73% of the class. This percentage is calculated using 23,530,083 shares outstanding as of March 9, 2026 from the company’s 10-K cover page.

How is the 2,801,776-share total composed in the 13G/A amendment?

The total includes 348,749 shares that may be acquired upon exercise of stock options and 1,481,963 shares held in the Andrew Murstein Family Trust, as stated in the filing's ownership description.

What voting and dispositive powers does Murstein report for these shares?

The filing states Murstein has sole voting power for 2,801,776 shares and sole dispositive power for 2,801,776 shares, with 0 shared voting or dispositive power reported.

When was the Schedule 13G/A amendment signed and filed?

The filing is signed by Andrew M. Murstein on 04/06/2026 as Individually and as Trustee under the Andrew Murstein Family Trust, per the signature block in the amendment.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 24)

Medallion Financial Corp.

(Name of Issuer)

Common Stock, par value $0.01 per share

(Title of Class of Securities)

583928106

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 583928106

1

Names of Reporting Persons

Andrew M. Murstein

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 2,801,776.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 2,801,776.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,801,776.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

11.73 %

12

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person: Row (5), (7) and (9): includes (i) 348,749 shares which may be acquired upon the exercise of stock options; and (ii) 1,481,963 shares held in the Andrew Murstein Family Trust. Row (11): Percentage based upon 23,530,083 shares outstanding as of March 9, 2026 as reported on the cover page to the Issuer's Annual Report on Form 10-K for the annual period ended December 31, 2025.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Medallion Financial Corp.
(b)	Address of issuer's principal executive offices: 437 Madison Avenue, 38th Floor, New York, NY 10022
Item 2.
(a)	Name of person filing: Andrew M. Murstein
(b)	Address or principal business office or, if none, residence: Medallion Financial Corp. 437 Madison Avenue, 38th Floor New York, NY 10022
(c)	Citizenship: United States of America
(d)	Title of class of securities: Common Stock, par value $0.01 per share
(e)	CUSIP No.:
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 2,801,776 (including 348,749 shares which may be acquired upon the exercise of stock options and 1,481,963 shares held in the Andrew Murstein Family Trust)
(b)	Percent of class: 11.73% (based upon 23,530,083 shares outstanding as of March 9, 2026 as reported on the cover page to the Issuer's Annual Report on Form 10-K for the annual period ended December 31, 2025)
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 2,801,776 (including 348,749 shares which may be acquired upon the exercise of stock options and 1,481,963 shares held in the Andrew Murstein Family Trust)
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 2,801,776 (including 348,749 shares which may be acquired upon the exercise of stock options and 1,481,963 shares held in the Andrew Murstein Family Trust)
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.	Certifications:
	Not Applicable

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Andrew M. Murstein

Signature:	/s/ Andrew M. Murstein
Name/Title:	Individually and as Trustee under the Andrew Murstein Family Trust
Date:	04/06/2026