MURSTEIN ANDREW 4

What Happened

• Andrew Murstein, President, Chief Executive Officer and Chief Operating Officer of Medallion Financial Corp. (MFIN), received 323,870 shares on March 10, 2026 upon vesting of previously granted performance units (award).
• To satisfy tax obligations on the vesting, 165,336 of those shares were withheld (disposed) at $9.59/share, totaling $1,585,572.
• This was a compensation-related vesting/award event rather than an open-market purchase or sale by the insider (other than the administrative withholding).

Key Details

• Transaction date: March 10, 2026; Form 4 filed March 11, 2026 (timely).
• Award: 323,870 shares from performance units granted under the Medallion Financial Corp. 2018 Equity Incentive Plan (footnote F1).
• Tax withholding: 165,336 shares withheld at $9.59/share to satisfy tax liability; withholding exempt under Rule 16b-3 (footnote F2). Cash value reported = $1,585,572.
• Shares owned after transaction: Not specified in the filing; footnote F3 notes shares beneficially owned by the Andrew Murstein Family Trust.
• Transaction codes: A = Award/Acquisition (vesting); F = tax withholding.

Context

• Vesting of performance units is a routine form of executive compensation. Withholding shares to cover taxes is an administrative step and should not be read as a market sell signal.
• This is not an exercise-and-sell (cashless exercise) or an open-market transaction; it reflects realization of previously granted equity.