Steamboat Capital Partners, LLC - 11 Nov 2022 Form 4 Insider Report for Wheeler Real Estate Investment Trust, Inc. (WHLR)

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WHLR	Common Stock, $0.01 par value	Purchase	$2,483	+1,498	+55%	$1.66	4,202	11 Nov 2022	See footnote	F1, F2, F5
transaction	WHLR	Common Stock, $0.01 par value	Purchase	$11,285	+6,809	+55%	$1.66	19,099	11 Nov 2022	See footnote	F1, F3, F5
transaction	WHLR	Common Stock, $0.01 par value	Purchase	$182	+110	+55%	$1.66	309	11 Nov 2022	See footnote	F1, F4, F5
transaction	WHLR	Common Stock, $0.01 par value	Purchase	$2,149	+1,216	+29%	$1.77	5,418	14 Nov 2022	See footnote	F1, F2, F5
transaction	WHLR	Common Stock, $0.01 par value	Purchase	$9,771	+5,529	+29%	$1.77	24,628	14 Nov 2022	See footnote	F1, F3, F5
transaction	WHLR	Common Stock, $0.01 par value	Purchase	$157	+89	+29%	$1.77	398	14 Nov 2022	See footnote	F1, F4, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Id	Content
F1	This was an average price. Actual prices paid for the shares purchased on 11/11/22 range from $1.65 to $1.75. Actual prices paid for the shares purchased on 11/14/22 ranges from $1.74 to $1.78. The reporting persons hereby undertake to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F2	The transaction was effected for certain accounts managed by Steamboat Capital Partners, LLC (IA).
F3	Ownership of Steamboat Capital Partners Master Fund, LP (Master) which has delegated investment discretion to Steamboat Capital Partners, LLC (IA).
F4	Ownership of Steamboat Capital Partners II, LP (II).
F5	Steamboat Capital Partners GP, LLC (GP) is general partner of, and entitled to receive a performance allocation from, each of Master and II. IA is entitled to receive a performance fee from the managed accounts referred to in footnote 2 (the "MA"). Parsa Kiai ("Kiai") is the Managing Member of GP and IA. Accordingly, Kiai may be deemed to have a pecuniary interest in the shares owned by Master and II and IA and Kiai may be deemed to have a pecuniary interest in the shares owned by the MA. Kiai and IA are filers of this report, filing jointly but not as a group and each disclaims beneficial ownership of securities reported hereon except to the extent of its or his pecuniary interest therein.