Stilwell Joseph sold WHLR
December 24, 2025 · Form 4 insider transaction
Stilwell Joseph sold 1,594 shares of Wheeler Real Estate Investment Trust, Inc. at $37.02 per share, a transaction worth $59.0K. The trade was recorded as open-market sale and disclosed on an SEC Form 4, filed 5 days after the transaction.
Footnotes
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 0.00000015 shares of the Issuer's common stock (a conversion price of $170,956,800 per share of common stock). Series D Preferred Stock has no expiration date.; This Form 4 reports the following sales of Series D Preferred Stock on December 24, 2025: (i) SAI sold 11,209 shares at $37.0170 per share, (ii) SAF sold 1,594 shares at $37.0170 per share, and (iii) SVP VII sold 2,197 shares at $37.0170 per share.; 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 securities reported as owned indirectly except to the extent of his pecuniary interest therein.