MURSTEIN ALVIN 4

What Happened
Alvin Murstein, Executive Chairman of Medallion Financial Corp. (MFIN), received 72,103 shares on 2026-03-10 upon vesting of previously granted performance units (awarded at $0.00). To satisfy tax obligations, 36,809 of those shares were withheld by the issuer at $9.59 per share, a withholding value of $352,998. Net shares added to his position from this vesting were 35,294 shares.

Key Details

• Transaction date: 2026-03-10; Form 4 filed 2026-03-11 (appears timely).
• Award/acquisition: 72,103 shares acquired at $0.00 (vesting of performance units).
• Tax withholding/disposition: 36,809 shares withheld @ $9.59 = $352,998 (reported as a disposition to cover taxes).
• Net new shares from the vesting: 35,294 (72,103 − 36,809).
• Footnotes: shares vested under the Medallion Financial 2018 Equity Incentive Plan; withholding was done by the issuer under an exemption (Rule 16b-3). Additional footnotes reference shares beneficially owned by family trusts and spouse.
• Shares owned after the transaction are not specified in the filing.

Context
This was a standard vesting of performance-based equity, not an open-market purchase or a discretionary sale; the "disposed" shares were withheld solely to cover taxes (a routine cashless withholding). Such award vestings are common executive compensation events and do not, by themselves, indicate a change in insider sentiment.