SCHEDULE 13D/A 0001104659-25-029144 0002050634 XXXXXXXX LIVE 1 Common Stock 08/29/2025 true 0001654595 58403P402 Medalist Diversified REIT, Inc.

P. O. Box 8436 Richmond VA 23226

Brent Winn 804-338-7708 P. O. Box 8436 Richmond VA 23226 0002050634 N Marc Carlson PF N X1 21039.00 0.00 21039.00 0.00 21039.00 N 1.4 IN (1) The percentage of the class was calculated based on 1,505,270 shares of Common Stock outstanding as of August 11, 2025. This Amendment No. 1 to Schedule 13D amends and supplements the statement on Schedule 13D initially filed on March 28, 2025 by Marc Carlson (the "Schedule 13D"). Common Stock Medalist Diversified REIT, Inc. P. O. Box 8436 Richmond VA 23226 Marc Carlson 26162 Calle Roberto, San Juan Capistrano, CA 92675 Managing Director, 3 Points Partners, 26162 Calle Roberto, San Juan Capistrano, CA 92675 During the last five years, the Reporting Person has not been convicted in any criminal proceedings. During the last five years, the Reporting Person has not been a party to a civil proceeding of any judicial or administrative body of competent jurisdiction as a result of which such person was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding of any violation with respect to such laws. US On August 29, 2025, the Reporting Person entered into that certain Stock Purchase Agreement (the "Stock Purchase Agreement") with Francis Kavanaugh, pursuant to which, upon the terms and conditions set forth therein, the Reporting Person agreed to sell, and Francis Kavanaugh agreed to acquire, 80,000 shares of Common Stock for an aggregate purchase price of $1,000,000. Item 4 of the Schedule 13D is hereby amended to incorporate the amendments set forth in Item 3 to this Amendment No. 1 to Item 4. 21,039 shares representing 1.4% of the shares of Common Stock outstanding. The Reporting Person has the sole power to vote and dispose of all 21,039 shares of Common Stock beneficially owned by him. Except as described in this Schedule 13D, the Reporting Person has not effectuated any other transactions involving the Common Stock in the last 60 days. To the best knowledge of the Reporting Person, no other person has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the shares of Common Stock beneficially owned by the Reporting Person. August 29, 2025 Item 6 of the Schedule 13D is hereby amended and supplemented by adding the following disclosure to Item 6: On August 29, 2025, the Reporting Person and Francis Kavanaugh entered into the Stock Purchase Agreement described in Item 3 above. None. Marc Carlson Marc Carlson 09/03/2025