Alvin Murstein - Mar 1, 2023 Form 4 Insider Report for MEDALLION FINANCIAL CORP (MFIN)

Signature
/s/ Alvin Murstein
Stock symbol
MFIN
Transactions as of
Mar 1, 2023
Transactions value $
-$62,232
Form type
4
Date filed
3/3/2023, 03:08 PM
Previous filing
Feb 21, 2023
Next filing
Mar 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MFIN Common Stock Tax liability -$62.2K -7.33K -2.77% $8.49 257K Mar 1, 2023 Direct F1
holding MFIN Common Stock 1.36M Mar 1, 2023 See Footnote F2
holding MFIN Common Stock 118K Mar 1, 2023 See Footnote F3
holding MFIN Common Stock 5K Mar 1, 2023 See Footnote F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares withheld by the Issuer to satisfy tax obligations arising upon vesting of restricted stock award granted previously under the Medallion Financial Corp. 2018 Equity Incentive Plan in a transaction exempt under Rule 16b-3 under the Securities Exchange Act of 1934.
F2 Represents shares beneficially owned by the Alvin Murstein Second Family Trust of which Mr. Murstein is a co-trustee and the beneficiary.
F3 Represents beneficially owned by the Aileen J. Murstein Family 2012 Trust of which Mr. Murstein is the grantor and Mr. Murstein's spouse is a co-trustee and the beneficiary.
F4 Represents shares owned by Mr. Murstein's spouse.

Remarks:

Chairman & Chief Executive Officer