Stilwell Joseph sold WHLR
March 10, 2025 · Form 4 insider transaction
Stilwell Joseph sold 2,055 shares of Wheeler Real Estate Investment Trust, Inc. at $30.17 per share, a transaction worth $62.0K. 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 D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.000051 shares of the Issuer's common stock (a conversion price of $488,448 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 March 10, 2025: (i) SAI sold 14,324 shares at $30.1741 per share, (ii) SAF sold 2,055 shares at $30.1741 per share, and (iii) SVP VII sold 2,621 shares at $30.1741 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 shares reported as owned indirectly except to the extent of his pecuniary interest therein.