SCHEDULE: Finley Family Reduces Stake in Medalist Diversified REIT

Alfred Lee Finley and Susan Finley, along with ALF Operating Partners, Ltd., have significantly reduced their beneficial ownership in Medalist Diversified REIT, Inc. through recent share sales.

Summary

• Alfred Lee Finley, Susan Finley, and ALF Operating Partners, Ltd. (the "Reporting Persons") filed an Amendment No. 2 to their Schedule 13D statement regarding Medalist Diversified REIT, Inc.
• Alfred Lee Finley's beneficial ownership is now 65,099 shares, representing approximately 5.9% of the outstanding Common Stock.
• Susan Finley's beneficial ownership is now 57,810 shares, representing approximately 5.2% of the outstanding Common Stock.
• ALF Operating Partners, Ltd. beneficially owns 7,810 shares, representing approximately 0.7% of the outstanding Common Stock.
• On December 10, 2025, Alfred Lee Finley and Susan Finley sold a total of 100,000 shares of Common Stock held as joint tenants in two private transactions at a price of $15.00 per share.
• The sales consisted of 40,000 shares and 60,000 shares, both at $15.00 per share, totaling $1,500,000 in proceeds.

Sentiment

Score: 3

Explanation: The significant sale of shares by key beneficial owners, including a principal of an associated entity, typically indicates a negative sentiment or a strategic exit, which can be perceived as a bearish signal for the stock.

Negatives

• Significant reduction in beneficial ownership by key individuals (Alfred Lee Finley and Susan Finley) and their associated entity.
• The sale of 100,000 shares at $15.00 per share indicates a divestment by significant holders.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• Alfred Lee Finley and Susan Finley, who are spouses and joint beneficial owners, sold 100,000 shares of Common Stock in private transactions.

Stakeholder Impact

• Shareholders: The sale by significant beneficial owners could be interpreted negatively, potentially leading to a decrease in investor confidence and share price.
• Company (Medalist Diversified REIT): A reduction in ownership by significant holders might raise questions about long-term commitment or future strategic direction.

Key Dates

Recommendation

The substantial sale of 100,000 shares by Alfred Lee Finley and Susan Finley, who are significant beneficial owners, at a fixed price of $15.00 per share, suggests a lack of confidence or a strategic divestment by these key insiders. Such insider selling often precedes periods of underperformance or indicates that the insiders believe the stock is fully valued or overvalued. For a seasoned investor, this action would typically be a strong signal to consider selling or reducing their position in Medalist Diversified REIT, Inc., absent any compelling counter-information.

Keywords

Medalist Diversified REIT, MDRR, Schedule 13D, Insider Selling, Beneficial Ownership, REIT, Stock Sale, Alfred Lee Finley, Susan Finley, ALF Operating Partners