MURSTEIN ANDREW 4

What Happened
Andrew Murstein, President, Chief Executive Officer, Chief Operating Officer and a Director of Medallion Financial Corp. (MFIN), was awarded 77,220 restricted shares of common stock on February 10, 2026. The shares were granted at $0.00 (i.e., no cash paid by Murstein). This is an equity award (code A) as part of company compensation, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-10; Filing date (Form 4): 2026-02-12 (appears within the typical two-business-day reporting window).
• Transaction type/code: Award (A). Price paid: $0.00; total cash outlay reported: $0.
• Shares awarded: 77,220 restricted shares.
• Vesting: Award vests in equal one-third increments on March 1, 2027; March 1, 2028; and March 1, 2029 (Footnote F1).
• Beneficial ownership note: Footnote F2 indicates shares are also associated with the Andrew Murstein Family Trust.
• Shares owned after the transaction were not specified in the summary information provided.

Context
Restricted-share awards are a form of executive compensation and do not necessarily signal a personal cash investment in the company. They become valuable only if they vest and retain market value; vesting schedule is provided above. For retail investors, purchases by insiders can be a stronger signal of bullish conviction than awards, which are routine for compensation.