Medallion Financial Insider Murstein Holds 2.49M Shares

TL;DR

**Insider Andrew Murstein still owns a big chunk of Medallion Financial, showing confidence.**

AI Summary

Andrew M. Murstein, a key insider at Medallion Financial Corp., has updated his beneficial ownership of the company's common stock as of December 31, 2023. This Amendment No. 22 to his Schedule 13G filing shows he beneficially owns 2,498,014 shares, which includes 291,389 shares from exercisable stock options. This filing is important for investors because it confirms a significant insider's continued substantial stake, signaling his ongoing commitment and alignment with shareholder interests.

Why It Matters

This filing confirms a major insider's continued significant ownership, which can be a positive signal for investors as it suggests confidence in the company's future.

Risk Assessment

Risk Level: low — This filing is a routine update of insider ownership and does not indicate any immediate new risks or changes in company fundamentals.

Analyst Insight

Investors should note Andrew M. Murstein's continued substantial ownership as a sign of insider confidence, but this filing alone doesn't warrant immediate action beyond monitoring future insider activity and company performance.

Key Numbers

• 2,498,014 — Total Shares Beneficially Owned (Andrew M. Murstein's total beneficial ownership in Medallion Financial Corp. as of December 31, 2023.)
• 291,389 — Shares from Stock Options (Portion of Murstein's beneficial ownership derived from exercisable stock options.)

Key Players & Entities

• Andrew M. Murstein (person) — Reporting Person, beneficial owner of Medallion Financial Corp. shares
• Medallion Financial Corp. (company) — The issuer of the common stock being reported on
• 2,498,014 (dollar_amount) — Total shares beneficially owned by Andrew M. Murstein
• 291,389 (dollar_amount) — Shares from exercisable stock options included in Murstein's total beneficial ownership
• December 31, 2023 (date) — Date of event which requires filing of this statement

Forward-Looking Statements

• Andrew M. Murstein will maintain a significant ownership stake in Medallion Financial Corp. throughout 2024. (Andrew M. Murstein) — high confidence, target: December 31, 2024

FAQ

Key Financial Figures

• $0.01 — ORP. (Name of Issuer) Common Stock, $0.01 Par Value (Title of Class of Securiti

Filing Documents

• d674949dsc13ga.htm (SC 13G/A) — 41KB
• 0001193125-24-024071.txt ( ) — 42KB

(b)

ITEM 1(b). ADDRESS OF ISSUERS PRINCIPAL EXECUTIVE OFFICES : 437 Madison Avenue, 38th Floor New York, NY 10022

(a)

ITEM 2(a). NAME OF PERSON FILING : Andrew M. Murstein

(b)

ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE : Medallion Financial Corp. 437 Madison Avenue, 38th Floor New York, NY 10022

(c)

ITEM 2(c). CITIZENSHIP : United States of America

(d)

ITEM 2(d). TITLE OF CLASS OF SECURITIES : Common Stock, $0.01 par value

(e)

ITEM 2(e). CUSIP NUMBER : 583928106 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO 240.13d-1(b), OR 240.13d-2(b), OR (c), CHECK WHETHER THE FILING PERSON FILING IS A : Not Applicable (a) Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); (b) Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); (c) Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); (d) Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); (e) An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); 3 SCHEDULE 13G CUSIP NO. 583928106 (f) An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act (15 U.S.C. 80a-3); (j) A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J); (k) Group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J), please specify the type of institution: ITEM 4. (a) Amount beneficially owned: 2,498,014 (including 291,389 shares which may be acquired upon the exercise of stock options) 2 (b) Percent of class: 10.56% (based upon 23,363,731 shares outstanding as of November 3, 2023 as reported on the cover page to the Companys Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2023) (c) Number of shares as to which such person has: (i) Sole power to vote or direct the vote: 2,498,014 (including 291,389 shares which may be acquired upon the exercise of stock options) 2 (ii) Shared power to vote or direct the vote: -0- (iii) Sole powe

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View this SC 13G/A filing on SEC EDGAR