STILWELL JOSEPH

Filed: 7/2/2025ACC: 0001213900-25-061149

InsiderSTILWELL JOSEPHCIK 1113303

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IssuerWHEELER REAL ESTATE INVESTMENT TRUST, INC.CIK 1527541

Director

Since Dec 2019

+47.63K

Net shares

Net buyer

$0.00

Total acquired

Open market trades

0B · 0S

Total transactions

47.63K acquired

Non-Derivative Transactions0

No non-derivative transactions reported

Derivative Transactions4

Series D Cumulative Convertible Preferred Stock

Indirect

J · J

Converts to

Common Stock

0.00 shares

+34.47K

Strike price

17095680

Held after

103.77K

Exercisable

—

6/30/2025

Series D Cumulative Convertible Preferred Stock

Indirect

J · J

Converts to

Common Stock

0.00 shares

+4.94K

Strike price

17095680

Held after

14.89K

Exercisable

—

6/30/2025

Series D Cumulative Convertible Preferred Stock

Indirect

J · J

Converts to

Common Stock

0.00 shares

+7.77K

Strike price

17095680

Held after

20.45K

Exercisable

—

6/30/2025

Series D Cumulative Convertible Preferred Stock

Indirect

J · J

Converts to

Common Stock

0.00 shares

+452.00

Strike price

17095680

Held after

1.36K

Exercisable

—

6/30/2025

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Series D Cumulative Convertible Preferred Stock Indirect	Common Stock0.00 shares	6/30/2025	J · J	+34.47K	17095680	—	103.77K
Series D Cumulative Convertible Preferred Stock Indirect	Common Stock0.00 shares	6/30/2025	J · J	+4.94K	17095680	—	14.89K
Series D Cumulative Convertible Preferred Stock Indirect	Common Stock0.00 shares	6/30/2025	J · J	+7.77K	17095680	—	20.45K
Series D Cumulative Convertible Preferred Stock Indirect	Common Stock0.00 shares	6/30/2025	J · J	+452.00	17095680	—	1.36K

Non-Derivative Holdings (Post-Transaction)4

Common Stock

Indirect

Shares owned42.60K

Common Stock

Indirect

Shares owned405.81K

Common Stock

Indirect

Shares owned806.00

Common Stock

Indirect

Shares owned88.40K

Total

537.62K indirect537.62K

Security Title	Shares Owned	Ownership Type
Common Stock	42.60K	Indirect
Common Stock	405.81K	Indirect
Common Stock	806.00	Indirect
Common Stock	88.40K	Indirect
Total	537.62K	537.62K indirect

Derivative Holdings (Post-Transaction)7

Series B Convertible Preferred Stock

Indirect

Underlying security

Common Stock

Underlying shares

0.00

Shares owned

83.49K

Exercise price

40320000

Expiration

—

Exercise window

—

7.00% Subordinated Convertible Notes due 2031

Indirect

Underlying security

Common Stock

Underlying shares

6.09M

Shares owned

N/A

Exercise price

2.82

Expiration

—

Exercise window

—

Series B Convertible Preferred Stock

Indirect

Underlying security

Common Stock

Underlying shares

0.00

Shares owned

578.64K

Exercise price

40320000

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 B Convertible Preferred Stock

Indirect

Underlying security

Common Stock

Underlying shares

0.00

Shares owned

131.20K

Exercise price

40320000

Expiration

—

Exercise window

—

7.00% Subordinated Convertible Notes due 2031

Indirect

Underlying security

Common Stock

Underlying shares

888.50K

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

1.37M

Shares owned

N/A

Exercise price

2.82

Expiration

—

Exercise window

—

Total

Underlying

8.43M

Owned

793.33K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Series B Convertible Preferred Stock Indirect	Common Stock	40320000	—	—	0.00	83.49K
7.00% Subordinated Convertible Notes due 2031 Indirect	Common Stock	2.82	—	—	6.09M	N/A
Series B Convertible Preferred Stock Indirect	Common Stock	40320000	—	—	0.00	578.64K
7.00% Subordinated Convertible Notes due 2031 Indirect	Common Stock	2.82	—	—	85.08K	N/A
Series B Convertible Preferred Stock Indirect	Common Stock	40320000	—	—	0.00	131.20K
7.00% Subordinated Convertible Notes due 2031 Indirect	Common Stock	2.82	—	—	888.50K	N/A
7.00% Subordinated Convertible Notes due 2031 Indirect	Common Stock	2.82	—	—	1.37M	N/A
Total					8.43M	793.33K