Joseph Stilwell - Aug 27, 2024 Form 4 Insider Report for Wheeler Real Estate Investment Trust, Inc. (WHLR)

Role
Director, 10%+ Owner
Signature
/s/ Joseph Stilwell
Stock symbol
WHLR
Transactions as of
Aug 27, 2024
Transactions value $
$75,000
Form type
4
Date filed
8/29/2024, 01:48 PM
Previous filing
Aug 27, 2024
Next filing
Sep 25, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding WHLR Common Stock 197K Aug 27, 2024 See footnote F1
holding WHLR Common Stock 29.5K Aug 27, 2024 See footnote F2
holding WHLR Common Stock 55.8K Aug 27, 2024 See footnote F3
holding WHLR Common Stock 746 Aug 27, 2024 See footnote F4

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 7.00% Subordinated Convertible Notes due 2031 Purchase $75K $240K Aug 27, 2024 Common Stock 18.6K $4.03 See footnote F4, F5, F6, F7
holding WHLR 7.00% Subordinated Convertible Notes due 2031 $18.3M Aug 27, 2024 Common Stock 4.54M $4.03 See footnote F1, F5, F6
holding WHLR 7.00% Subordinated Convertible Notes due 2031 $2.62M Aug 27, 2024 Common Stock 651K $4.03 See footnote F2, F5, F6
holding WHLR 7.00% Subordinated Convertible Notes due 2031 $4.13M Aug 27, 2024 Common Stock 1.02M $4.03 See footnote F3, F5, F6
holding WHLR Series D Cumulative Convertible Preferred Stock 101K Aug 27, 2024 Common Stock 124 $20,352.00 See footnote F1, F8
holding WHLR Series D Cumulative Convertible Preferred Stock 14.5K Aug 27, 2024 Common Stock 17 $20,352.00 See footnote F2, F8
holding WHLR Series D Cumulative Convertible Preferred Stock 14.6K Aug 27, 2024 Common Stock 17 $20,352.00 See footnote F3, F8
holding WHLR Series D Cumulative Convertible Preferred Stock 405 Aug 27, 2024 Common Stock 0 $20,352.00 See footnote F4, F8
holding WHLR Series B Convertible Preferred Stock 596K Aug 27, 2024 Common Stock 310 $48,000.00 See footnote F1, F9
holding WHLR Series B Convertible Preferred Stock 85.8K Aug 27, 2024 Common Stock 44 $48,000.00 See footnote F2, F9
holding WHLR Series B Convertible Preferred Stock 135K Aug 27, 2024 Common Stock 70 $48,000.00 See footnote F3, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 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.
F3 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.
F4 These securities are owned directly by Stilwell Associates, L.P. ("SA") and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SA. Joseph Stilwell disclaims beneficial ownership of all shares reported as owned indirectly except to the extent of his pecuniary interest therein.
F5 The Issuer's 7.00% Subordinated Convertible Notes due 2031 (the "Notes") are convertible, in whole or in part, at any time, at the option of the holders thereof, into shares of the Issuer's common stock at a conversion price of $4.03 per share (6.20 common shares for each $25.00 of principal amount of the Notes being converted).
F6 Interest on the Notes may be payable, at the Issuer's election, in cash, in shares of the Issuer's Series B Convertible Preferred Stock ("Series B Preferred Stock") or in shares of the Issuer's Series D Cumulative Convertible Preferred Stock ("Series D Preferred Stock"), in each case as set forth in the Notes. The number of shares of the Issuer's common stock indicated in the Table is based on the outstanding principal amount of the Notes held by the Reporting Person.
F7 The price reported in Column 8 is an aggregate purchase price. These Notes were purchased at a price of $65.0702 per $25 of aggregate principal amount.
F8 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 .001228 shares of the Issuer's common stock (a conversion price of $20,352 per share of common stock). Series D Preferred Stock has no expiration date.
F9 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 .000521 shares of the Issuer's common stock (a conversion price of $48,000 per share of common stock). Series B Preferred Stock has no expiration date.