Form 4: Oasis Management Sells Stratus Properties Shares

Oasis Management Co Ltd. reports the sale of 830 shares of Stratus Properties Inc. at a weighted average price of $27.5256 on August 30, 2024.

Summary

• Oasis Management Co Ltd., along with Oasis Investments II Master Fund Ltd. and Seth Fischer, filed a Form 4 detailing changes in beneficial ownership of Stratus Properties Inc.
• On August 30, 2024, Oasis Management sold 830 shares of common stock at a weighted average price of $27.5256.
• The shares were sold in multiple transactions with prices ranging from $27.3839 to $27.755.
• Following the transaction, Oasis Investments II Master Fund Ltd. indirectly holds 1,143,210 shares.
• The reporting persons disclaim beneficial ownership of the securities except to the extent of their pecuniary interest.

Sentiment

Score: 5

Explanation: Neutral sentiment as it reports a transaction without expressing any positive or negative outlook.

Management Comments

• The filing of this statement shall not be deemed an admission that any of the Reporting Persons is the beneficial owner of the securities reported herein for purposes of Section 16 of the Securities Act of 1934, as amended, or otherwise.
• Each of the Reporting Persons expressly disclaims beneficial ownership of the securities reported herein except to the extent of its or his pecuniary interest therein, if any.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders and significant shareholders, providing transparency to the market.

Key Dates