[Form 4] MacKenzie Realty Capital, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Insider purchases increased MacKenzie Realty Capital stake. The company's Chief Financial Officer, Angche Sherpa, reported multiple open-market purchases of MacKenzie Realty Capital, Inc. (MKZR) common stock on 10/02/2025 and 10/03/2025. Transactions show incremental acquisitions totaling 11,000 shares bought between 10/02/2025 and 10/03/2025 at prices ranging from $5.00 to $5.10, raising the reported beneficial ownership from 75,855 shares to 86,855 shares (including additional holdings held indirectly through related entities).

The filing discloses that some shares are owned indirectly through MacKenzie Real Estate Advisers, LP and MPF Successors, LP, with the reporting person disclaiming direct beneficial ownership except to the extent of a pecuniary interest. No derivative securities were reported on this form.

Positive

• Insider purchases totaling 11,000 shares across 10/02/2025–10/03/2025
• Average transaction prices were in a narrow band ($5.00–$5.10), indicating consistent execution
• Reported beneficial ownership increased from 75,855 to 86,855 shares

Negative

• None.

Insights

CFO / Insider Transactions Analyst

Insider purchased 11,000 shares in small tranches, modestly increasing reported holdings.

The CFO executed a series of purchases on 10/02/2025 and 10/03/2025

Each purchase occurred at market prices between $5.00 and $5.10, increasing aggregated reported beneficial ownership to 86,855 shares. These purchases were recorded as indirect via related investment vehicles, which indicates the transactions were routed through affiliated entities rather than solely by the individual.

Watch near-term Form 4 updates or institutional filings to see if additional purchases appear or if ownership through the affiliates changes; such moves could alter visible insider alignment within weeks.

Corporate Governance Specialist

Transactions are routine Form 4 disclosures showing affiliation-based ownership.

The filing includes explicit disclaimers that the reporting person may be deemed to beneficially own shares held by MacKenzie Real Estate Advisers, LP and MPF Successors, LP, limiting the claim to pecuniary interest. This is a common structure when executives hold interests through advisory or fund vehicles.

Notably, no derivative positions are listed on the form, and the signature is submitted by an attorney-in-fact on 10/06/2025. Investors tracking governance should note the indirect ownership disclosures when calculating insider concentration and monitor for subsequent amendments or related-party filings over the next quarter.

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^*

Sherpa Angche

(Last) (First) (Middle)

89 DAVIS ST. #100

(Street)

ORINDA CA 94563

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
MacKenzie Realty Capital, Inc. [ MKZR ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
10/02/2025

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
MacKenzie Realty Capital Inc. Common Stock	10/02/2025		P		4,000	A	$5.1	75,855	I	By MacKenzie Real Estate Advisers, LP(1)
MacKenzie Realty Capital Inc. Common Stock	10/02/2025		P		4,000	A	$5.05	79,855	I	By MacKenzie Real Estate Advisers, LP(1)
MacKenzie Realty Capital Inc. Common Stock	10/02/2025		P		4,000	A	$5	83,855	I	By MacKenzie Real Estate Advisers, LP(1)
MacKenzie Realty Capital Inc. Common Stock	10/02/2025		P		2,000	A	$5.09	85,855	I	By MacKenzie Real Estate Advisers, LP(1)
MacKenzie Realty Capital Inc. Common Stock	10/03/2025		P		1,000	A	$5.1	86,855	I	By MacKenzie Real Estate Advisers, LP(1)
MacKenzie Realty Capital Inc. Common Stock								5,569	I	By MPF Successors, LP(2)
MacKenzie Realty Capital Inc. Common Stock								160	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:

1. MacKenzie Real Estate Advisers, LP ("MREA") acquired shares of MacKenzie Realty Capital, Inc. ("MRC"). The filer owns an interest in MREA and therefore could be deemed to beneficially own the MRC shares acquired by MREA, but disclaims beneficial ownership of the securities referred to herein except to the extent of the filer's pecuniary interest in such securities.

2. MPF Successors, LP ("MPF") acquired shares of MacKenzie Realty Capital, Inc. ("MRC"). The filer owns an interest in MPF and therefore could be deemed to beneficially own the MRC shares acquired by MPF, but disclaims beneficial ownership of the securities referred to herein except to the extent of the filer's pecuniary interest in such securities.

	/s/ Jeri Bluth, as attorney-in-fact for Angche Sherpa	10/06/2025
	** 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 activity did MKZR report in this Form 4?

The Chief Financial Officer reported multiple purchases totaling 11,000 shares on 10/02/2025 and 10/03/2025 at prices between $5.00 and $5.10.

How did the reported beneficial ownership change for the reporting person?

Reported beneficial ownership increased to 86,855 shares from 75,855 shares following the disclosed transactions.

Were any derivative securities reported in this filing for MKZR?

No derivative securities were reported on this Form 4; Table II shows no entries for options, warrants, or convertible instruments.

Are the purchased shares held directly by the CFO?

Some purchased shares are reported as held indirectly through MacKenzie Real Estate Advisers, LP and MPF Successors, LP, and the filer disclaims direct beneficial ownership except to the extent of a pecuniary interest.

Who signed the Form 4 filing for MKZR?

The form is signed by Jeri Bluth as attorney-in-fact for Angche Sherpa on 10/06/2025.