STILWELL JOSEPH

Filed: 7/8/2025ACC: 0001213900-25-062016

InsiderSTILWELL JOSEPHCIK 1113303

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IssuerWHEELER REAL ESTATE INVESTMENT TRUST, INC.CIK 1527541

Director

Since Dec 2019

-3.87K

Net shares

Net seller

$0.00

Total acquired

Open market trades

0B · 0S

Total transactions

3.87K disposed

Non-Derivative Transactions0

No non-derivative transactions reported

Derivative Transactions2

Series B Convertible Preferred Stock

Indirect

S · Sale

Converts to

Common Stock

0.00 shares

−3.15K

Strike price

40320000

Held after

575.49K

Exercisable

—

7/3/2025

Series B Convertible Preferred Stock

Indirect

S · Sale

Converts to

Common Stock

0.00 shares

−715.00

Strike price

40320000

Held after

130.48K

Exercisable

—

7/3/2025

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Series B Convertible Preferred Stock Indirect	Common Stock0.00 shares	7/3/2025	S · Sale	−3.15K	40320000	—	575.49K
Series B Convertible Preferred Stock Indirect	Common Stock0.00 shares	7/3/2025	S · Sale	−715.00	40320000	—	130.48K

Non-Derivative Holdings (Post-Transaction)4

Common Stock

Indirect

Shares owned405.81K

Common Stock

Indirect

Shares owned42.60K

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	405.81K	Indirect
Common Stock	42.60K	Indirect
Common Stock	806.00	Indirect
Common Stock	88.40K	Indirect
Total	537.62K	537.62K indirect

Derivative Holdings (Post-Transaction)9

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

—

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 D Cumulative Convertible Preferred Stock

Indirect

Underlying security

Common Stock

Underlying shares

0.00

Shares owned

103.77K

Exercise price

17095680

Expiration

—

Exercise window

—

Series D Cumulative Convertible Preferred Stock

Indirect

Underlying security

Common Stock

Underlying shares

0.00

Shares owned

14.89K

Exercise price

17095680

Expiration

—

Exercise window

—

Series D Cumulative Convertible Preferred Stock

Indirect

Underlying security

Common Stock

Underlying shares

0.00

Shares owned

20.45K

Exercise price

17095680

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

1.36K

Exercise price

17095680

Expiration

—

Exercise window

—

Series B Convertible Preferred Stock

Indirect

Underlying security

Common Stock

Underlying shares

0.00

Shares owned

83.49K

Exercise price

40320000

Expiration

—

Exercise window

—

Total

Underlying

8.43M

Owned

223.96K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
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
7.00% Subordinated Convertible Notes due 2031 Indirect	Common Stock	2.82	—	—	6.09M	N/A
Series D Cumulative Convertible Preferred Stock Indirect	Common Stock	17095680	—	—	0.00	103.77K
Series D Cumulative Convertible Preferred Stock Indirect	Common Stock	17095680	—	—	0.00	14.89K
Series D Cumulative Convertible Preferred Stock Indirect	Common Stock	17095680	—	—	0.00	20.45K
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	1.36K
Series B Convertible Preferred Stock Indirect	Common Stock	40320000	—	—	0.00	83.49K
Total					8.43M	223.96K