4/A: MKZR Treasurer Amends Insider Stock Purchase Filing

MacKenzie Realty Capital's Treasurer, Glen W. Fuller, amended a Form 4 filing to correct the number of shares acquired indirectly on August 14, 2025.

Summary

• Glen W. Fuller, Treasurer of MacKenzie Realty Capital, Inc. (MKZR), filed an amendment (Form 4/A) to a previously submitted Form 4.
• The amendment corrected the number of common stock shares acquired on August 14, 2025, from an originally reported 20,012 shares to the correct amount of 21,012 shares.
• The shares were purchased at a weighted average price of $4.84, with individual transaction prices ranging from $4.75 to $4.91.
• Following this transaction, Fuller beneficially owns 56,709 shares indirectly through MacKenzie Real Estate Advisers, LP.
• Fuller disclaims beneficial ownership of these securities except to the extent of his pecuniary interest in MacKenzie Real Estate Advisers, LP.

Sentiment

Score: 7

Explanation: The insider purchase by a key officer, even if indirect, generally indicates confidence in the company's value. The correction of a minor error does not significantly detract from this positive signal.

Positives

• An officer, Glen W. Fuller, increased his indirect beneficial ownership in the company by acquiring 21,012 shares of common stock, signaling confidence in the company's prospects.
• The purchase price of $4.84 per share indicates management's belief in the company's valuation at that level.

Negatives

• An error in the original filing (reporting 20,012 instead of 21,012 shares) required an amendment, which could suggest minor administrative oversight.

Future Outlook

The filing does not contain specific forward-looking statements or guidance, as it is a report of an insider transaction.

Management Comments

• The reporting person undertakes to provide to MacKenzie Realty Capital, Inc. (MKZR), any security holder of MKZR, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnote 1 to this Form 4.
• The filer owns an interest in MREA and therefore could be deemed to beneficially own the MRC shares acquired by MREA, but disclaims beneficial ownership of the securities referred to herein except to the extent of the filer's pecuniary interest in such securities.

Industry Context

Insider purchases, especially by high-ranking officers like a Treasurer, are often viewed positively by the market as they signal management's belief in the company's future prospects and undervaluation relative to the purchase price. This transaction is consistent with typical insider activity in the real estate investment sector, where management often has significant personal stakes.

Comparison to Industry Standards

• This filing reports an insider purchase, which is a standard disclosure requirement for public companies.
• Without specific financial performance metrics or strategic announcements, a direct comparison to industry-specific company results or projects is not applicable.
• Insider buying trends across the REIT sector are generally monitored as an indicator of sentiment, and this transaction aligns with typical insider activity.

Related Party Transactions

• The acquisition was made by MacKenzie Real Estate Advisers, LP ("MREA"), in which the filer (Glen W. Fuller) owns an interest. This constitutes a related party transaction where Fuller has a pecuniary interest.

Stakeholder Impact

• Shareholders: May view the insider purchase as a positive signal of management confidence, potentially influencing investment decisions.
• Regulatory Authorities: The amendment ensures accurate disclosure of beneficial ownership, maintaining transparency and compliance with Section 16(a) of the Securities Exchange Act of 1934.

Next Steps

• The reporting person is obligated to provide detailed transaction information upon request to the SEC or security holders.

Key Dates

Recommendation

While the insider purchase by the Treasurer is a positive signal, indicating management's confidence in the company's valuation at the purchase price, this filing alone does not provide sufficient comprehensive financial or strategic information to warrant a 'buy' or 'strong buy' recommendation. It's a single transaction report, and a 'hold' recommendation is prudent until further financial results or strategic updates are available for a more complete assessment.

Keywords

MacKenzie Realty Capital, MKZR, Form 4/A, Insider Trading, Stock Purchase, Glen W. Fuller, Treasurer, Beneficial Ownership, Real Estate Investment