M. Andrew Franklin - 30 Jun 2026 Form 4 Insider Report for Wheeler Real Estate Investment Trust, Inc. (WHLR)

Reporting relationship: CEO
Issuer ticker: WHLR
Reported as of: 30 Jun 2026
Net transaction value: $0
SEC form: 4
Accepted by SEC: 02 Jul 2026, 08:08:47 UTC
Prior SEC filing: 05 Jan 2026
Source filing: View source filing
Reporting owner signature: /s/ M. Andrew Franklin

Key filing fact

M. Andrew Franklin filed Form 4 for Wheeler Real Estate Investment Trust, Inc. (WHLR) on 02 Jul 2026.

Key facts

This page summarizes M. Andrew Franklin's Form 4 filing for Wheeler Real Estate Investment Trust, Inc. (WHLR).
1 reported transaction and 2 derivative rows are listed below.
Accepted by SEC: 02 Jul 2026, 08:08.

Change

Previous filing in this sequence was filed on 05 Jan 2026.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001697904 Primary reporting owner

Franklin Michael Andrew

Relationship: CEO
Address: 2529 VIRGINIA BEACH BLVD, VIRGINIA BEACH
Signature: /s/ M. Andrew Franklin
Signature date: 02 Jul 2026

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

WHLR transaction Derivative

Series D Cumulative Convertible Preferred Stock

Other

Transaction value
Shares: +44
Change %: +100%
Price
Shares after: 88
Date: 30 Jun 2026
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 0
Exercise price: $6154444800.00
Footnotes: F1, F2, F3

WHLR holding Derivative

7.00% Subordinated Convertible Notes due 2031

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: $26,300
Date: 30 Jun 2026
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 9,491
Exercise price: $2.77
Footnotes: F4, F5

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote 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 0.000000004 shares of the Issuer's common stock (a conversion price of $6,154,444,800 per share of common stock). Series D Preferred Stock has no expiration date.

Footnote F2

As disclosed in the Issuer's Form 8-K filed with the Securities and Exchange Commission on May 20, 2026, the Issuer determined that interest on the Issuer's 7.00% Subordinated Convertible Notes due 2031 (the "Notes") payable on June 30, 2026, would be paid in the form of Series D Preferred Stock. On June 30, 2026, the Issuer issued shares of the Series D Preferred Stock to the Reporting Person as payment of interest with respect to the Notes, in accordance with the terms thereof and of the Indenture among the Issuer and Wilmington Savings Fund Society, FSB, as Trustee, governing the terms of the Notes (the "Indenture").

Footnote F3

In accordance with the terms of the Indenture, the number of shares of Series D Preferred Stock paid as interest on the Notes on June 30, 2026, was determined based on a per share value of $20.698249, calculated as the product of (x) the average of the per share volume-weighted average prices for Series D Preferred Stock for the 15 consecutive trading days ending on the third business day immediately preceding the interest payment date, and (y) 0.55.

Footnote F4

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 $2.771041 per share (9.021881 common shares for each $25.00 of principal amount of the Notes being converted).

Footnote F5

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 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.