KAVANAUGH FRANK 4
4 · Medalist Diversified REIT, Inc. · Filed Nov 17, 2025
Insider Transaction Report
Form 4
KAVANAUGH FRANK
DirectorCHAIRMAN, CEO & PRESIDENT10% Owner
Transactions
- Purchase
Common Stock
2025-11-14$13.50/sh+20,000$270,000→ 223,979 total - Disposition to Issuer
Common Stock
2025-11-14−2,405→ 221,574 total - Award
Operating Partnership Units
2025-11-14+2,405→ 1,106,200 totalFrom: 2026-11-14→ Common Stock (2,405 underlying)
Footnotes (6)
- [F1]Pursuant to a Stock Purchase Agreement dated November 14, 2025, Frank Kavanaugh purchased 20,000 shares of common stock for $13.50 per share from Marc Carlson, a member of the Board of Directors of Medalist Diversified REIT, Inc.
- [F2]Represents shares exchanged under an Exchange Agreement dated November 14, 2025 (the "Exchange Agreement") pursuant to which Mr. Kavanaugh exchanged 2,405 shares of common stock, par value $0.01 per share (the "Common Stock") of Medalist Diversified REIT, Inc. (the "Company"), on a one-for-one basis for 2,405 units of limited partnership interest (the "OP Units") in the Company's operating partnership, Medalist Diversified Holdings, LP (the "Operating Partnership").
- [F3]Represents shares exchanged subject to the Exchange Agreement pursuant to which Mr. Kavanaugh exchanged 2,405 shares of Common Stock, on a one-for-one basis for 2,405 OP Units.
- [F4]OP Units are redeemable for cash or, at the Company's option, shares of Common Stock, on a one-for-one basis after a holding period of one-year.
- [F5]No expiration date.
- [F6]On November 14, 2025, the Reporting Person exchanged 2,405 shares of Common Stock for 2,405 OP Units.