InsiderTrades

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

Accepted 2025-06-06 00:00:00 ET · period of report 2025-06-04 · accession 0001213900-25-052270 · 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
DI 2025-06-06 2025-06-05 WHLR Stilwell Value LLC 10% A - Grant — +806 806 New —
DMI 2025-06-06 2025-06-04 WHLR Stilwell Value LLC 10% S - Sale $4.00 -14.2K 131.2K -10% -$56.7K
DI 2025-06-06 2025-06-05 WHLR Stilwell Value LLC 10% D - Sale to Iss — -100 909 -10% —

Purchase Sale Sale after option exercise All abbreviations

Every reported transaction

#TableSecurityDateCodeA/DSharesPriceOwned afterOwnExercise / expiryUnderlyingFootnotes
1 Common Common Stock 2025-06-05 A A 806 — 806 I See footnote — — (F5) Represents shares of the Issuer's common stock that were acquired as a result of the Issuer settling redemption requests for the Issuer's Series D Cumulative Convertible Preferred Stock ("Series D Preferred Stock") in shares of the Issuer's common stock. The redemption price for each share of Series D Preferred Stock was approximately $41.34 ($25.00 per share plus the amount of all accrued but unpaid dividends to and including the redemption date). The number of shares of common stock issued upon redemption of Series D Preferred Stock was based on a common stock price of $5.13, which was the volume weighted average of the closing sales price, as reported on the Nasdaq Capital Market, per share of common stock for the ten consecutive trading days immediately preceding, but not including, the redemption date. (F4) These securities are owned directly by Stilwell Associates, L.P. ("SA") and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SA. Joseph Stilwell disclaims beneficial ownership of all shares reported as owned indirectly except to the extent of his pecuniary interest therein.
2 Derivative Series B Convertible Preferred Stock 2025-06-04 S D 10,338 $4.00 578,645 I See footnote $40,320,000.00 · — to — 0 Common Stock (F10) This Form 4 reports the following sales of Series B Preferred Stock on June 4, 2025: (i) SAI sold 10,338 shares at $4.00 per share, (ii) SAF sold 1,492 shares at $4.00 per share, and (iii) SVP VII sold 2,344 shares at $4.00 per share. (F1) These securities are owned directly by Stilwell Activist Investments, L.P. ("SAI") and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Stilwell Value LLC ("Value"), which is the general partner of SAI. Joseph Stilwell disclaims beneficial ownership of all shares reported as owned indirectly except to the extent of his pecuniary interest therein. (F11) Each share of Series B Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.0000006 shares of the Issuer's common stock (a conversion price of $40,320,000 per share of common stock). Series B Preferred Stock has no expiration date.
3 Derivative Series B Convertible Preferred Stock 2025-06-04 S D 1,492 $4.00 83,488 I See footnote $40,320,000.00 · — to — 0 Common Stock (F10) This Form 4 reports the following sales of Series B Preferred Stock on June 4, 2025: (i) SAI sold 10,338 shares at $4.00 per share, (ii) SAF sold 1,492 shares at $4.00 per share, and (iii) SVP VII sold 2,344 shares at $4.00 per share. (F2) These securities are owned directly by Stilwell Activist Fund, L.P. ("SAF") and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SAF. Joseph Stilwell disclaims beneficial ownership of all shares reported as owned indirectly except to the extent of his pecuniary interest therein. (F11) Each share of Series B Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.0000006 shares of the Issuer's common stock (a conversion price of $40,320,000 per share of common stock). Series B Preferred Stock has no expiration date.
4 Derivative Series B Convertible Preferred Stock 2025-06-04 S D 2,344 $4.00 131,199 I See footnote $40,320,000.00 · — to — 0 Common Stock (F10) This Form 4 reports the following sales of Series B Preferred Stock on June 4, 2025: (i) SAI sold 10,338 shares at $4.00 per share, (ii) SAF sold 1,492 shares at $4.00 per share, and (iii) SVP VII sold 2,344 shares at $4.00 per share. (F3) These securities are owned directly by Stilwell Value Partners VII, L.P. ("SVP VII") and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SVP VII. Joseph Stilwell disclaims beneficial ownership of all shares reported as owned indirectly except to the extent of his pecuniary interest therein. (F11) Each share of Series B Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.0000006 shares of the Issuer's common stock (a conversion price of $40,320,000 per share of common stock). Series B Preferred Stock has no expiration date.
5 Derivative Series D Cumulative Convertible Preferred Stock 2025-06-05 D D 100 — 909 I See footnote $17,095,680.00 · — to — 0 Common Stock (F9) Disposition was as a result of the redemption of Series D Preferred Stock, which was settled in shares of the Issuer's common stock at a redemption price of approximately $41.34 per share of Series D Preferred Stock ($25.00 per share plus the amount of all accrued but unpaid dividends to and including the redemption date). (F4) These securities are owned directly by Stilwell Associates, L.P. ("SA") and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SA. Joseph Stilwell disclaims beneficial ownership of all shares reported as owned indirectly except to the extent of his pecuniary interest therein. (F8) Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.000001 shares of the Issuer's common stock (a conversion price of $17,095,680 per share of common stock). Series D Preferred Stock has no expiration date.