Kerry G. Campbell - 10 Nov 2025 Form 4 Insider Report for Wheeler Real Estate Investment Trust, Inc. (WHLR)

Role
Director
Signature
/s/ Kerry Campbell
Issuer symbol
WHLR
Transactions as of
10 Nov 2025
Net transactions value
-$61,893
Form type
4
Filing time
12 Nov 2025, 07:18:43 UTC
Previous filing
02 Jul 2025
Next filing
05 Jan 2026
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Campbell Kerry G. Director 2529 VIRGINIA BEACH BLVD., VIRGINIA BEACH /s/ Kerry Campbell 12 Nov 2025 0001798184

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 $23,994 -679 -39% $35.34* 1,062 10 Nov 2025 Common Stock 0 $85478400.00 Direct F1
transaction WHLR Series D Cumulative Convertible Preferred Stock Sale $37,900 -1,062 -100% $35.69* 0 10 Nov 2025 Common Stock 0 $85478400.00 Direct F1
holding WHLR 7.00% Senior Subordinated Convertible Notes due 2031 $100,000 10 Nov 2025 Common Stock 57,394 $1.74 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of the Issuer's Series D Cumulative Convertible Preferred Stock ("Series D Preferred Stock") is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.0000003 shares of the Issuer's common stock (a conversion price of $85,478,400 per share of common stock). Series D Preferred Stock has no expiration date.
F2 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 approximately $1.74 per share (approximately 14.35 common shares for each $25.00 of principal amount of the Notes being converted).
F3 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 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.