Medalist Diversified REIT, Inc.

Disclosure Pursuant to Item 2.01 of Form 8-K – Completion of Acquisition or Disposition of Assets

As previously disclosed in the Form 8-K filed with the Securities and Exchange Commission by the Company on December 30, 2025, on December 29, 2025, MDR Parkway, LLC, a Delaware limited liability company (the “MDR Parkway”), a wholly owned subsidiary of the Company, and PMI Parkway, LLC, a Delaware limited liability company not affiliated with the Company (together with MDR Parkway, the “Sellers”) entered into a Purchase and Sale Agreement (the “Agreement”), with Club Forest International Parkway, a Virginia limited liability company (the “Purchaser”), whereby the Purchaser agreed to acquire from the Sellers the property located 2697 International Parkway, Virginia Beach, Virginia, commonly known as the Parkway Property (the “Parkway Property”).

On February 27, 2026, the Company closed on the sale of the Parkway Property (the “Disposition”). The total purchase price paid for the Parkway Property was $7,825,000. The sale was based on arm’s length negotiations with an unaffiliated purchaser. The Company used $4,735,614 from the proceeds from the sale of the Parkway Property to repay a portion of existing debt.

The foregoing description is only a summary of the material provisions of the Agreement and is qualified in its entirety by reference to the full text of the Agreement, which was filed as Exhibit 10.1 to the Company’s Current Report on 8-K filed on December 30, 2025.

Rule 10b5-1 Trading Arrangements

During the three months ended December 31, 2025, none of our directors or officers (as defined in Rule 16a-1(f) of the Securities Exchange Act of 1934) adopted, terminated ormodified a Rule 10b5-1 trading arrangement or non-Rule 10b5-1 trading arrangement (as such terms are defined in Item 408 of Regulation S-K of the Securities Act of 1933). Our company adopted a Rule 10b5-1 trading arrangement on March 14, 2024. We made subsequent modifications to our Rule 10b5-1 plan on June 11, 2024, September 15, 2024 and November 19, 2024. In all cases, such modifications were to change the price at or below which shares were authorized to be purchased. The 10b5-1 Plan expired on May 15, 2025 and no further repurchases have been made. Accordingly, there was no share repurchase activity during the quarterly period ended December 31, 2025.