KAVANAUGH FRANK 4

What Happened
Frank Kavanaugh, a reported 10% owner of Medalist Diversified REIT, Inc. (MDRR), received an award/grant of 4,000 shares on January 28, 2026. The shares were issued at $12.12 each, for a total value of $48,480. This was an acquisition via award (Form 4 code "A"), not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-01-28; price per share: $12.12; total value: $48,480.
• Transaction type: Award/Grant (Form 4 code "A").
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Filing date: 2026-01-30 — filed two days after the transaction, which appears timely under Form 4 reporting rules.
• Insider status: Kavanaugh is reported as a 10% owner (ownership filing, not necessarily an executive). No 10b5-1 plan, tax‑withholding, or other footnotes were provided in the supplied details.

Context
An "A" code award typically reflects compensation, restricted stock grants, or other non‑market transfers; such awards align the holder with company performance but do not signal an open‑market purchase decision. Because Kavanaugh is a 10% owner (not necessarily an officer), this filing documents a change in large‑holder position rather than routine executive trading.