Stilwell Joseph sold WHLR
May 27, 2025 · Form 4 insider transaction
Stilwell Joseph sold 871 shares of Wheeler Real Estate Investment Trust, Inc. at $4.00 per share, a transaction worth $3.5K. The trade was recorded as open-market sale and disclosed on an SEC Form 4, filed 2 days after the transaction.
Footnotes
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.; This Form 4 reports the sale by SAI on May 27, 2025 of 871 shares of Series B Preferred Stock at $4.00 per share.; 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.