---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-114429"
form_type: "8-K"
ticker: "MDRR"
cik: "0001654595"
company_name: "Medalist Diversified, Inc."
filed_at: "2025-11-20T23:59:59+00:00"
generated_at: "2026-05-16T18:00:34.033817+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# CEO Kavanaugh exchanges 2,405 shares for OP units to maintain REIT tax status

## Summary
- CEO Francis Kavanaugh exchanged 2,405 common shares for 2,405 OP units in the operating partnership.
- Exchange ensures compliance with REIT ownership rules limiting concentration among five or fewer individuals.
- After exchange, Kavanaugh intends to purchase additional shares of common stock.
- Exchange approved by Audit Committee and full Board as a related-person transaction.
- OP units are redeemable for cash or common stock after a one-year holding period.

## SEC filing metadata
- accession: 0001104659-25-114429
- form_type: 8-K
- ticker: MDRR
- cik: 0001654595
- company_name: Medalist Diversified, Inc.
- filed_at: 2025-11-20T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1654595/000110465925114429/0001104659-25-114429-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1654595/000110465925114429/mdrr-20251114x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-114429
- JSON: https://secwatch.observer/filing/0001104659-25-114429.json
- Plain text: https://secwatch.observer/filing/0001104659-25-114429.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.