Form 4 for WHLR Wheeler Real Estate Investment Trust, Inc.

Accepted 2023-06-02 00:00:00 ET · period of report 2023-06-01 · accession 0001213900-23-045874 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
D	2023-06-02	2023-06-01	WHLR	Campbell Kerry G.	Dir	S - Sale	$0.72	-3,000	0	-100%	-$2,160
D	2023-06-02	2023-06-01	WHLR	Campbell Kerry G.	Dir	S - Sale	$1.56	-3,268	0	-100%	-$5,098

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Stock	2023-06-01	S	D	3,000	$0.72	0	D	—	—	(F1) The sale price reported above has been rounded to the nearest cent.
2	Derivative	Series B Convertible Preferred Stock	2023-06-01	S	D	3,268	$1.56	0	D	$40.00 · — to —	2,042 Common Stock	(F5) As disclosed in the Issuer's Form 8-K filed with the SEC on November 17, 2022, the Issuer determined that interest on the Notes payable on December 31, 2022, would be paid in the form of Series B Preferred Stock. On January 3, 2023, the Issuer issued shares of Series B Preferred Stock to the Reporting Person as payment of interest with respect to the Notes held by the Reporting Person, in accordance with the terms thereof and of the Indenture among the Issuer and Wilmington Savings Fund Society, FSB, as Trustee, governing the terms of the Notes (the "Indenture"). This Form 4 reports the sale on June 1, 2023 of 3,268 shares of the Series B Preferred Stock at $1.56 per share. (F1) The sale price reported above has been rounded to the nearest cent. (F6) As disclosed in the Issuer's Form 8-K filed with the SEC on April 3, 2017, each share of Series B Preferred Stock is convertible into 0.625 shares of the Issuer's common stock. The Series B Preferred Stock has no expiration date.