SCHEDULE 13G/A: Andrew M. Murstein Discloses 10.97% Beneficial Stake in Medallion Financial Corp.
Beneficial Ownership Disclosure
Andrew M. Murstein has reported a beneficial ownership of 10.97% of Medallion Financial Corp.'s common stock as of December 31, 2024, according to a recent Schedule 13G filing.
Summary
- Andrew M. Murstein beneficially owns a total of 2,564,812 shares of Medallion Financial Corp. common stock.
- This ownership represents 10.97% of the company's outstanding shares.
- The percentage is calculated based on 23,067,748 shares outstanding as of November 6, 2024, as reported on the cover page of the Issuer's Quarterly Report on Form 10-Q for the period ended September 30, 2024.
- The total beneficial ownership includes 320,069 shares that may be acquired upon the exercise of stock options.
- Additionally, 1,481,963 shares are held in the Andrew Murstein Family Trust.
- Mr. Murstein holds sole voting power and sole dispositive power over all 2,564,812 beneficially owned shares.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would inherently indicate positive or negative sentiment regarding the company's performance or outlook.
Positives
- The filing indicates a significant beneficial ownership stake of 10.97% by Andrew M. Murstein, a key individual, which may signal strong alignment with shareholder interests.
Future Outlook
NA
Industry Context
This filing is a standard disclosure of beneficial ownership by a significant individual, Andrew M. Murstein, in Medallion Financial Corp. It does not provide broader industry trends or competitive analysis, but insider ownership levels are often monitored by investors as an indicator of management's confidence in the company's future.
Related Party Transactions
- The filing discloses that 1,481,963 shares are held in the Andrew Murstein Family Trust, indicating a significant portion of Mr. Murstein's beneficial ownership is through a related family entity.
Stakeholder Impact
- Shareholders: The disclosure of a significant 10.97% beneficial ownership by Andrew M. Murstein, a key individual, may be viewed positively by shareholders as it suggests strong alignment of interests between management and shareholders.
Key Dates
| Date | Description |
|---|---|
| 2024-09-30 | End of quarterly period for which Medallion Financial Corp.'s Form 10-Q reported outstanding shares. |
| 2024-11-06 | Date as of which 23,067,748 shares outstanding were reported on the cover page of the Issuer's Form 10-Q. |
| 2024-12-31 | Date of event which requires filing of this statement (snapshot of beneficial ownership). |
| 2025-02-06 | Date of signature for the Schedule 13G filing. |
Keywords
Medallion Financial Corp, Andrew M. Murstein, Beneficial Ownership, Schedule 13G, SEC Filing, Common Stock, Insider Ownership, Financial Services
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