Steamboat Capital Partners, LLC - Nov 7, 2023 Form 4 Insider Report for Wheeler Real Estate Investment Trust, Inc. (WHLR)

Role
10%+ Owner
Signature
Steamboat Capital Partners, LLC, /s/ Parsa Kiai, Managing Member
Stock symbol
WHLR
Transactions as of
Nov 7, 2023
Transactions value $
-$170,452
Form type
4
Date filed
11/9/2023, 06:29 PM
Previous filing
Sep 15, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WHLR Common Stock, $0.01 par value Sale -$85.7K -272K -49.03% $0.32 283K Nov 7, 2023 See footnote F1, F2, F5, F7
transaction WHLR Common Stock, $0.01 par value Sale -$702 -2.23K -27.09% $0.32 6K Nov 7, 2023 See footnote F1, F2, F6, F7

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction WHLR Series D Cumulative Convertible Preferred Stock Sale -$83K -6.01K -2.37% $13.82 248K Nov 7, 2023 Common Stock, $0.01 par value 883 $169.60 See footnote F3, F4, F5, F7
transaction WHLR Series D Cumulative Convertible Preferred Stock Sale -$1.02K -74 -2.38% $13.82 3.04K Nov 7, 2023 Common Stock, $0.01 par value 10 $169.60 See footnote F3, F4, F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Steamboat Capital Partners, LLC is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 The Reporting Persons ceased to be beneficial owners of more than 10% of Series D Cumulative Convertible Preferred Stock during the course of 11/7/23. This is the number of shares sold on 11/7/23, prior to such cessation, rounded up in each case.
F2 This is an average price. Actual prices received for the shares sold on 11/7/23 and reported on this line range from $0.29 to $.345. 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.
F3 Convertible at any time. (Also redeemable for $25 plus accrued and unpaid dividends. Redemption proceeds are payable, at the option of the Issuer, in cash or common stock.)
F4 This is an average price. Actual prices received for the shares sold on 11/7/23 and reported on this line range from $13.81 to $13.925. 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. The shares reported on this line represent the number of shares sold on 11/7/23 before the Reporting Persons ceased to be beneficial owners of more than 10% of the Series D Cumulative Convertible Preferred Shares, rounded up in each case.
F5 Ownership of Steamboat Capital Partners Master Fund, LP (Master) which has delegated investment discretion to Steamboat Capital Partners, LLC (IA).
F6 Ownership of Steamboat Capital Partners II, LP (II).
F7 Steamboat Capital Partners GP, LLC (GP) is general partner of, and entitled to receive a performance allocation from, each of Master and II. 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. 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.