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

Rhea-AI Filing Summary

Insider purchases of MacKenzie Realty Capital, Inc. (MKZR) were reported by Robert E. Dixon, CEO/President and director, showing multiple open-market purchases executed on 10/02/2025 and 10/03/2025. The filings list five purchase trades totaling 15,000 shares acquired at prices ranging from $5.00 to $5.10, with incremental ownership reported rising from 75,855 to 86,855 shares beneficially owned (directly or indirectly) after the transactions. The Form 4 notes that some shares were purchased by affiliated entities MacKenzie Real Estate Advisers, LP and MPF Successors, LP, and the reporting person disclaims beneficial ownership except to the extent of a pecuniary interest. The form is signed by an attorney-in-fact on 10/06/2025.

Positive

• Insider accumulation: Multiple purchases totaling 15,000 shares at market prices indicate incremental insider buying
• Price consistency: Acquisitions executed in a narrow price band ($5.00–$5.10), showing steady execution
• Increased reported holdings: Beneficial ownership rose to 86,855 shares after the reported transactions

Negative

• None.

Insights

Corporate Governance Analyst

TL;DR: The CEO increased indirect holdings through affiliated funds via multiple small purchases at roughly $5.05.

The pattern shows five open-market purchase transactions on 10/02/2025 and 10/03/2025 totaling 15,000 common shares acquired at prices between $5.00 and $5.10. Holdings reported after the trades totalled 86,855 shares, reflecting purchases executed by affiliated entities rather than direct personal acquisitions.

Dependencies include continued disclosure of affiliated-entity activity and clarity on the filer’s pecuniary interest, which the filer limited by disclaimer. Near term, monitor subsequent Form 4 filings and any disclosures that convert indirect holdings to direct holdings or indicate a change in the reporting person’s economic exposure.

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
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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^*

DIXON ROBERT E

(Last) (First) (Middle)

89 DAVIS ROAD STE 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)
	CEO/President

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								32,295	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 Robert Dixon	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 did Robert E. Dixon (MKZR) report on Form 4?

The Form 4 reports that Robert E. Dixon, CEO/President and director, had affiliated entities acquire shares of MKZR, increasing reported beneficial ownership to 86,855 shares after purchases on 10/02/2025 and 10/03/2025.

How many MKZR shares were purchased and at what prices?

The filing lists purchases totaling 15,000 shares executed at prices ranging from $5.00 to $5.10.

Were the shares bought directly by the reporting person?

No. The purchases were made by affiliated entities MacKenzie Real Estate Advisers, LP and MPF Successors, LP, and the filer disclaims beneficial ownership except to the extent of any pecuniary interest.

When was the Form 4 signed and filed?

The signature on the filing is dated 10/06/2025.

Does the Form 4 show any derivative transactions for MKZR?

No derivative securities transactions are reported in Table II of the Form 4.