Form 4: Ursa Fund Management Disposes of Wheeler Real Estate Investment Trust Preferred Shares

Ursa Fund Management, along with related entities, disposed of 15,000 Series D Cumulative Preferred shares of Wheeler Real Estate Investment Trust at $40.01 per share.

Summary

• Ursa Fund Management LLC, along with Ursa Fund Partners LP and Investment Opportunities 14 Segregated Portfolio, disposed of a total of 15,000 Series D Cumulative Preferred shares of Wheeler Real Estate Investment Trust.
• The transactions occurred on December 5, 2024, with a disposal price of $40.01 per share.
• The shares were disposed of as part of the December Monthly Redemption cycle.
• Following these transactions, the entities collectively own 337,934 shares.
• Andrew Hahn and Russell Douglas, as Managing Members of Ursa Fund Management LLC, have the power to direct the disposition of these shares.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing detailing a share disposal as part of a scheduled redemption cycle. There is no indication of positive or negative sentiment.

Industry Context

This filing reflects a change in ownership of preferred shares in a real estate investment trust, which is a common occurrence in the financial markets. The redemption cycle is a normal process for these types of securities.

Comparison to Industry Standards

• Form 4 filings are standard practice for reporting changes in beneficial ownership by insiders and large shareholders in publicly traded companies.
• The redemption of preferred shares is a common mechanism for investors to realize their investment, and the price of $40.01 is likely based on the terms of the preferred shares and the company's valuation at the time of redemption.
• Other REITs and investment funds regularly engage in similar transactions, and the details of this filing are consistent with industry norms.

Stakeholder Impact

• The share disposal may have a minor impact on the share price of Wheeler Real Estate Investment Trust, but it is likely to be minimal given the nature of the transaction.
• The redemption provides liquidity to the investors involved.

Key Dates

Keywords

Wheeler Real Estate Investment Trust, Ursa Fund Management, Series D Cumulative Preferred Shares, Share Disposal, Redemption Cycle, Beneficial Ownership, Andrew Hahn, Russell Douglas