Stilwell Joseph sold WHLR
March 13, 2025 · Form 4 insider transaction
Stilwell Joseph sold 1,277 shares of Wheeler Real Estate Investment Trust, Inc. at $4.00 per share, a transaction worth $5.1K. The trade was recorded as open-market sale and disclosed on an SEC Form 4, filed 4 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 0.000022 shares of the Issuer's common stock (a conversion price of $1,152,000 per share of common stock). Series B Preferred Stock has no expiration date.; This Form 4 reports the following sales of Series B Preferred Stock on March 13, 2025: (i) SAI sold 2,911 shares at $4.00 per share, (ii) SAF sold 812 shares at $4.00 per share, and (iii) SVP VII sold 1,277 shares at $4.00 per share.; 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.