STILWELL JOSEPH received a stock award from WHEELER REAL ESTATE INVESTMENT TRUST, INC.

Compensation award — not an open‑market transaction. Less informative as a directional signal.

A · 1 award

STILWELL JOSEPH

Filed: 6/6/2025ACC: 0001213900-25-052270

InsiderSTILWELL JOSEPHCIK 1113303

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IssuerWHEELER REAL ESTATE INVESTMENT TRUST, INC.CIK 1527541

Director

Since Dec 2019

-13.47K

Net shares

Net seller

$0.00

Total acquired

Open market trades

0B · 0S

Total transactions

806.00 acquired · 14.27K disposed

Non-Derivative Transactions1

Common Stock

Indirect

A · Award

+806.00

Price / share

—

Trade value

—

% of position

New position

6/5/2025

0.00→806.00

Total

Net shares

+806.00

Net value

$0.00

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Indirect	6/5/2025	A · Award	+806.00	—	—	New position	0.00	806.00
Total			+806.00		$0.00

Derivative Transactions4

Series B Convertible Preferred Stock

Indirect

S · Sale

Converts to

Common Stock

0.00 shares

−10.34K

Strike price

40320000

Held after

578.64K

Exercisable

—

6/4/2025

Series B Convertible Preferred Stock

Indirect

S · Sale

Converts to

Common Stock

0.00 shares

−1.49K

Strike price

40320000

Held after

83.49K

Exercisable

—

6/4/2025

Series B Convertible Preferred Stock

Indirect

S · Sale

Converts to

Common Stock

0.00 shares

−2.34K

Strike price

40320000

Held after

131.20K

Exercisable

—

6/4/2025

Series D Cumulative Convertible Preferred Stock

Indirect

D · Disposition

Converts to

Common Stock

0.00 shares

−100.00

Strike price

17095680

Held after

909.00

Exercisable

—

6/5/2025

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Series B Convertible Preferred Stock Indirect	Common Stock0.00 shares	6/4/2025	S · Sale	−10.34K	40320000	—	578.64K
Series B Convertible Preferred Stock Indirect	Common Stock0.00 shares	6/4/2025	S · Sale	−1.49K	40320000	—	83.49K
Series B Convertible Preferred Stock Indirect	Common Stock0.00 shares	6/4/2025	S · Sale	−2.34K	40320000	—	131.20K
Series D Cumulative Convertible Preferred Stock Indirect	Common Stock0.00 shares	6/5/2025	D · Disposition	−100.00	17095680	—	909.00

Non-Derivative Holdings (Post-Transaction)3

Common Stock

Indirect

Shares owned232.00

Common Stock

Indirect

Shares owned66.00

Common Stock

Indirect

Shares owned35.00

Total

333.00 indirect333.00

Security Title	Shares Owned	Ownership Type
Common Stock	232.00	Indirect
Common Stock	66.00	Indirect
Common Stock	35.00	Indirect
Total	333.00	333.00 indirect

Derivative Holdings (Post-Transaction)7

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

6.49M

Shares owned

N/A

Exercise price

2.82

Expiration

—

Exercise window

—

7.00% Subordinated Convertible Notes due 2031

Indirect

Underlying security

Common Stock

Underlying shares

1.46M

Shares owned

N/A

Exercise price

2.82

Expiration

—

Exercise window

—

7.00% Subordinated Convertible Notes due 2031

Indirect

Underlying security

Common Stock

Underlying shares

931.06K

Shares owned

N/A

Exercise price

2.82

Expiration

—

Exercise window

—

7.00% Subordinated Convertible Notes due 2031

Indirect

Underlying security

Common Stock

Underlying shares

85.08K

Shares owned

N/A

Exercise price

2.82

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

—

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

—

Total

Underlying

8.97M

Owned

109.43K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Series D Cumulative Convertible Preferred Stock Indirect	Common Stock	17095680	—	—	0.00	82.50K
7.00% Subordinated Convertible Notes due 2031 Indirect	Common Stock	2.82	—	—	6.49M	N/A
7.00% Subordinated Convertible Notes due 2031 Indirect	Common Stock	2.82	—	—	1.46M	N/A
7.00% Subordinated Convertible Notes due 2031 Indirect	Common Stock	2.82	—	—	931.06K	N/A
7.00% Subordinated Convertible Notes due 2031 Indirect	Common Stock	2.82	—	—	85.08K	N/A
Series D Cumulative Convertible Preferred Stock Indirect	Common Stock	17095680	—	—	0.00	15.10K
Series D Cumulative Convertible Preferred Stock Indirect	Common Stock	17095680	—	—	0.00	11.84K
Total					8.97M	109.43K