MURSTEIN ALVIN 4

What Happened

• Alvin Murstein, Executive Chairman of Medallion Financial Corp. (MFIN), had 11,973 shares withheld to pay tax obligations related to vesting of restricted stock awards. The withholding was executed on 2026-03-01 at an implied price of $10.09 per share, totaling $120,808. This is a tax-withholding disposition (not an open-market sale).

Key Details

• Transaction date: 2026-03-01; Filing date: 2026-03-02 (filed the next day).
• Shares withheld/disposed: 11,973 at $10.09 per share; total value $120,808.
• Transaction code: F (tax withholding to satisfy tax liability upon vesting).
• Footnotes: F1 notes the shares were withheld by the issuer under the 2018 Equity Incentive Plan in a Rule 16b-3 exempt transaction. F2–F4 describe shares beneficially owned via family trusts and spouse.
• Shares owned after transaction: Not specified in the filing.
• Filing timeliness: Report filed promptly the day after the transaction (no late filing indicated).

Context

• This was a routine tax-withholding event tied to vesting of restricted stock, not a voluntary sale on the open market. Such withholdings are common and generally do not signal insider sentiment about the company’s stock price.