Form 4: Wheeler REIT Insider Reports Stock Transactions
Statement of Changes in Beneficial Ownership
Michael Andrew Franklin, CEO of Wheeler Real Estate Investment Trust, Inc., reported transactions involving Series D Cumulative Convertible Preferred Stock and 7.00% Subordinated Convertible Notes due 2031.
Summary
- Michael Andrew Franklin, CEO of Wheeler Real Estate Investment Trust, Inc. (WHLR), filed a Form 4 detailing transactions related to his beneficial ownership of company securities.
- The filing indicates that on June 30, 2026, Franklin received shares of Series D Cumulative Convertible Preferred Stock as payment for interest on his holdings of 7.00% Subordinated Convertible Notes due 2031.
- The Series D Preferred Stock was issued based on a calculated per-share value of $20.698249.
- The 7.00% Subordinated Convertible Notes due 2031 are convertible into common stock at a price of $2.771041 per share.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, as it reports routine insider transactions and debt interest payments without indicating significant positive or negative developments for the company.
Future Outlook
The filing does not contain forward-looking statements or guidance. It is a report of past transactions.
Industry Context
StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions, providing transparency into the holdings and activities of company executives and directors. This specific filing details how interest payments on debt instruments were settled using preferred stock, a common financial mechanism.
Key Dates
| Date | Description |
|---|---|
| 06/30/2026 | Earliest transaction date reported; date of interest payment in Series D Preferred Stock for Subordinated Convertible Notes. |
| 07/02/2026 | Date of signature for the Form 4 filing. |
| 12/31/2031 | Maturity date for the 7.00% Subordinated Convertible Notes due 2031. |
Keywords
Form 4, SEC Filing, Insider Transaction, Wheeler Real Estate Investment Trust, WHLR, Michael Andrew Franklin, CEO, Convertible Preferred Stock, Convertible Notes, Beneficial Ownership
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.