SCHEDULE 13D/A 0001193125-24-041464 0001000210 XXXXXXXX LIVE 21 Common Stock, $0.01 Par Value 02/13/2025 false 0001000209 583928106 Medallion Financial Corp.

437 Madison Avenue 38th Floor New York NY 10022

Alvin Murstein (212) 328-2100 Medallion Financial Corp. 437 Madison Avenue, 38th Floor New York NY 10022 Marisa T. Silverman (212) 328-2100 Medallion Financial Corp. 437 Madison Avenue, 38th Floor New York NY 10022 0001000210 N Alvin Murstein PF OO N X1 1869242 0 1869242 0 1869242 N 8.07 IN Row (7), (9) and (11): includes (i) 103,565 shares which may be acquired upon the exercise of stock options; (ii) 1,358,300 shares held in the Alvin Murstein Second Family Trust; (iii) 117,660 shares held in the Aileen J. Murstein Family 2012 Trust; and (iv) 5,000 shares held by Mr. Murstein's spouse. Row (13): Percentage based upon 23,067,748 shares outstanding as of November 6, 2024 as reported on the cover page to the Issuer's Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2024. Common Stock, $0.01 Par Value Medallion Financial Corp. 437 Madison Avenue 38th Floor New York NY 10022 This Amendment No. 21 to Schedule 13D, filed on behalf of Mr. Alvin Murstein, relates to shares of common stock, par value $0.01 per share of Medallion Financial Corp., a Delaware corporation, and amends the Schedule 13D as originally filed with the Securities and Exchange Commission on February 14, 1997. Item 3 is hereby amended and restated in its entirety as follows: The 284,717 shares of Common Stock held directly by Mr. Murstein, the 117,660 shares of Common Stock held by the Aileen J. Murstein Family 2012 Trust and the 5,000 shares of Common Stock held directly by Mr. Murstein's spouse were purchased with approximately $998,539 of personal funds; the 1,358,300 shares of Common Stock held by the Alvin Murstein Second Family Trust (the "Trust"), of which Mr. Murstein is a trustee, were purchased with approximately $496,885 of funds of the Trust. Item 5(a) is hereby amended and restated in its entirety as follows: As of the close of business on February 13, 2025, Mr. Murstein was the beneficial owner of 1,869,242 (including 103,565 shares which may be acquired upon the exercise of stock options). Such shares constituted approximately 8.07% of 23,067,748 shares outstanding as of November 6, 2024 as reported on the cover page to the Issuer's Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2024. Item 5(c) is hereby amended and restated in its entirety as follows: Mr. Murstein has affected the following transaction in the Common Stock during the last sixty days: On February 13, 2025, Mr. Murstein received 23,514 restricted shares of Common Stock awarded under the Medallion Financial Corp. 2018 Equity Incentive Plan which will vest in equal one-third increments on March 1, 2026, March 1, 2027 and March 1, 2028. Alvin Murstein /s/ Alvin Murstein 02/18/2025 Individually and as Trustee under the Alvin Murstein Second Family Trust and the Aileen J. Murstein Family 2012 Trust