KAVANAUGH FRANK 4

What Happened

• Frank Kavanaugh, a reported 10% owner of Medalist Diversified, purchased 40,000 shares of common stock on March 13, 2026. The shares were acquired at $15.00 per share, for a total purchase price of $600,000. This was a direct purchase (transaction code P), which is a straight buy rather than a sale or option exercise — generally considered a more informative (bullish) action than a routine sale.

Key Details

• Transaction date and price: March 13, 2026 — 40,000 shares at $15.00 per share.
• Total value: $600,000.
• Shares owned after transaction: Not disclosed in the provided Form 4 details.
• Footnote: Purchase was made pursuant to a Stock Purchase Agreement dated March 13, 2026; the shares were bought from the Kramerica Trust dated July 24, 2015.
• Filing timeliness: Form 4 filed on March 13, 2026 (same date reported); no late filing indicated.

Context

• As a 10% owner, Kavanaugh is a significant shareholder rather than necessarily an executive; purchases by large owners can reflect confidence but are not definitive endorsements of future performance.
• This transaction was a straight purchase of existing shares (not an option exercise, award, or gift), so there was no immediate sale of newly issued shares or tax-withholding event reported.