STILWELL JOSEPH

Filed: 5/29/2025ACC: 0001213900-25-049018

InsiderSTILWELL JOSEPHCIK 1113303

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IssuerWHEELER REAL ESTATE INVESTMENT TRUST, INC.CIK 1527541

Director

Since Dec 2019

-871.00

Net shares

Net seller

$0.00

Total acquired

Open market trades

0B · 0S

Total transactions

871.00 disposed

Non-Derivative Transactions0

No non-derivative transactions reported

Derivative Transactions1

Series B Convertible Preferred Stock

Indirect

S · Sale

Converts to

Common Stock

0.00 shares

−871.00

Strike price

40320000

Held after

588.98K

Exercisable

—

5/27/2025

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Series B Convertible Preferred Stock Indirect	Common Stock0.00 shares	5/27/2025	S · Sale	−871.00	40320000	—	588.98K

Non-Derivative Holdings (Post-Transaction)3

Common Stock

Indirect

Shares owned66.00

Common Stock

Indirect

Shares owned235.00

Common Stock

Indirect

Shares owned35.00

Total

336.00 indirect336.00

Security Title	Shares Owned	Ownership Type
Common Stock	66.00	Indirect
Common Stock	235.00	Indirect
Common Stock	35.00	Indirect
Total	336.00	336.00 indirect

Derivative Holdings (Post-Transaction)10

7.00% Subordinated Convertible Notes due 2031

Indirect

Underlying security

Common Stock

Underlying shares

3.89M

Shares owned

N/A

Exercise price

4.70

Expiration

—

Exercise window

—

Series D Cumulative Convertible Preferred Stock

Indirect

Underlying security

Common Stock

Underlying shares

0.00

Shares owned

82.50K

Exercise price

17095680

Expiration

—

Exercise window

—

7.00% Subordinated Convertible Notes due 2031

Indirect

Underlying security

Common Stock

Underlying shares

876.66K

Shares owned

N/A

Exercise price

4.70

Expiration

—

Exercise window

—

Series D Cumulative Convertible Preferred Stock

Indirect

Underlying security

Common Stock

Underlying shares

0.00

Shares owned

11.84K

Exercise price

17095680

Expiration

—

Exercise window

—

7.00% Subordinated Convertible Notes due 2031

Indirect

Underlying security

Common Stock

Underlying shares

557.86K

Shares owned

N/A

Exercise price

4.70

Expiration

—

Exercise window

—

7.00% Subordinated Convertible Notes due 2031

Indirect

Underlying security

Common Stock

Underlying shares

50.98K

Shares owned

N/A

Exercise price

4.70

Expiration

—

Exercise window

—

Series B Convertible Preferred Stock

Indirect

Underlying security

Common Stock

Underlying shares

0.00

Shares owned

133.54K

Exercise price

40320000

Expiration

—

Exercise window

—

Series B Convertible Preferred Stock

Indirect

Underlying security

Common Stock

Underlying shares

0.00

Shares owned

84.98K

Exercise price

40320000

Expiration

—

Exercise window

—

Series D Cumulative Convertible Preferred Stock

Indirect

Underlying security

Common Stock

Underlying shares

0.00

Shares owned

1.01K

Exercise price

17095680

Expiration

—

Exercise window

—

Series D Cumulative Convertible Preferred Stock

Indirect

Underlying security

Common Stock

Underlying shares

0.00

Shares owned

15.10K

Exercise price

17095680

Expiration

—

Exercise window

—

Total

Underlying

5.38M

Owned

328.96K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
7.00% Subordinated Convertible Notes due 2031 Indirect	Common Stock	4.70	—	—	3.89M	N/A
Series D Cumulative Convertible Preferred Stock Indirect	Common Stock	17095680	—	—	0.00	82.50K
7.00% Subordinated Convertible Notes due 2031 Indirect	Common Stock	4.70	—	—	876.66K	N/A
Series D Cumulative Convertible Preferred Stock Indirect	Common Stock	17095680	—	—	0.00	11.84K
7.00% Subordinated Convertible Notes due 2031 Indirect	Common Stock	4.70	—	—	557.86K	N/A
7.00% Subordinated Convertible Notes due 2031 Indirect	Common Stock	4.70	—	—	50.98K	N/A
Series B Convertible Preferred Stock Indirect	Common Stock	40320000	—	—	0.00	133.54K
Series B Convertible Preferred Stock Indirect	Common Stock	40320000	—	—	0.00	84.98K
Series D Cumulative Convertible Preferred Stock Indirect	Common Stock	17095680	—	—	0.00	1.01K
Series D Cumulative Convertible Preferred Stock Indirect	Common Stock	17095680	—	—	0.00	15.10K
Total					5.38M	328.96K