Form 4: Stilwell Group Reports Sales of Wheeler Real Estate Investment Trust Preferred Stock

Joseph Stilwell, along with affiliated entities, reports sales of Series D and Series B Convertible Preferred Stock of Wheeler Real Estate Investment Trust.

Summary

• This Form 4 filing details changes in beneficial ownership of Wheeler Real Estate Investment Trust (WHLR) securities by Joseph Stilwell and affiliated entities.
• The report covers transactions made on March 10, 2025.
• The transactions involve the sale of Series D Cumulative Convertible Preferred Stock and Series B Convertible Preferred Stock.
• Stilwell Activist Investments, L.P. sold 14,324 shares of Series D Preferred Stock at $30.1741 per share and 3,708 shares of Series B Preferred Stock at $4.0495 per share.
• Stilwell Activist Fund, L.P. sold 2,055 shares of Series D Preferred Stock at $30.1741 per share.
• Stilwell Value Partners VII, L.P. sold 2,621 shares of Series D Preferred Stock at $30.1741 per share.
• The filing also indicates beneficial ownership of common stock, 7.00% Subordinated Convertible Notes due 2031, Series D Preferred Stock, and Series B Preferred Stock held by various Stilwell entities.
• Joseph Stilwell disclaims beneficial ownership of shares owned indirectly except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: This is a neutral report of stock sales. It doesn't inherently indicate positive or negative sentiment, but rather a factual account of transactions.

Industry Context

Form 4 filings are a standard part of regulatory compliance for individuals and entities with significant ownership in publicly traded companies, providing transparency into their transactions and holdings.

Stakeholder Impact

• The sale of preferred stock could potentially impact the market price of WHLR's common stock and preferred stock.
• The transactions may be of interest to current and potential investors in WHLR.

Key Dates