STILWELL JOSEPH

Filed: 12/29/2025ACC: 0001213900-25-126092

InsiderSTILWELL JOSEPHCIK 1113303

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IssuerWHEELER REAL ESTATE INVESTMENT TRUST, INC.CIK 1527541

Director

Since Dec 2019

-15K

Net shares

Net seller

$0.00

Total acquired

Open market trades

0B · 0S

Total transactions

15K disposed

Non-Derivative Transactions0

No non-derivative transactions reported

Derivative Transactions3

Series D Cumulative Convertible Preferred Stock

Indirect

S · Sale

Converts to

Common Stock

0.00 shares

−11.21K

Strike price

170956800

Held after

80.07K

Exercisable

—

12/24/2025

Series D Cumulative Convertible Preferred Stock

Indirect

S · Sale

Converts to

Common Stock

0.00 shares

−1.59K

Strike price

170956800

Held after

11.58K

Exercisable

—

12/24/2025

Series D Cumulative Convertible Preferred Stock

Indirect

S · Sale

Converts to

Common Stock

0.00 shares

−2.20K

Strike price

170956800

Held after

15.96K

Exercisable

—

12/24/2025

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Series D Cumulative Convertible Preferred Stock Indirect	Common Stock0.00 shares	12/24/2025	S · Sale	−11.21K	170956800	—	80.07K
Series D Cumulative Convertible Preferred Stock Indirect	Common Stock0.00 shares	12/24/2025	S · Sale	−1.59K	170956800	—	11.58K
Series D Cumulative Convertible Preferred Stock Indirect	Common Stock0.00 shares	12/24/2025	S · Sale	−2.20K	170956800	—	15.96K

Non-Derivative Holdings (Post-Transaction)4

Common Stock

Indirect

Shares owned80.00

Common Stock

Indirect

Shares owned43.92K

Common Stock

Indirect

Shares owned4.26K

Common Stock

Indirect

Shares owned8.84K

Total

57.10K indirect57.10K

Security Title	Shares Owned	Ownership Type
Common Stock	80.00	Indirect
Common Stock	43.92K	Indirect
Common Stock	4.26K	Indirect
Common Stock	8.84K	Indirect
Total	57.10K	57.10K indirect

Derivative Holdings (Post-Transaction)8

7.00% Subordinated Convertible Notes due 2031

Indirect

Underlying security

Common Stock

Underlying shares

9.05M

Shares owned

N/A

Exercise price

1.9

Expiration

—

Exercise window

—

7.00% Subordinated Convertible Notes due 2031

Indirect

Underlying security

Common Stock

Underlying shares

1.32M

Shares owned

N/A

Exercise price

1.9

Expiration

—

Exercise window

—

Series B Convertible Preferred Stock

Indirect

Underlying security

Common Stock

Underlying shares

0.00

Shares owned

83.49K

Exercise price

403200000

Expiration

—

Exercise window

—

7.00% Subordinated Convertible Notes due 2031

Indirect

Underlying security

Common Stock

Underlying shares

983.75K

Shares owned

N/A

Exercise price

1.9

Expiration

—

Exercise window

—

Series B Convertible Preferred Stock

Indirect

Underlying security

Common Stock

Underlying shares

0.00

Shares owned

116.99K

Exercise price

403200000

Expiration

—

Exercise window

—

7.00% Subordinated Convertible Notes due 2031

Indirect

Underlying security

Common Stock

Underlying shares

291.49K

Shares owned

N/A

Exercise price

1.9

Expiration

—

Exercise window

—

Series B Convertible Preferred Stock

Indirect

Underlying security

Common Stock

Underlying shares

0.00

Shares owned

560.99K

Exercise price

403200000

Expiration

—

Exercise window

—

Series D Cumulative Convertible Preferred Stock

Indirect

Underlying security

Common Stock

Underlying shares

0.00

Shares owned

1.36K

Exercise price

170956800

Expiration

—

Exercise window

—

Total

Underlying

11.65M

Owned

762.83K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
7.00% Subordinated Convertible Notes due 2031 Indirect	Common Stock	1.9	—	—	9.05M	N/A
7.00% Subordinated Convertible Notes due 2031 Indirect	Common Stock	1.9	—	—	1.32M	N/A
Series B Convertible Preferred Stock Indirect	Common Stock	403200000	—	—	0.00	83.49K
7.00% Subordinated Convertible Notes due 2031 Indirect	Common Stock	1.9	—	—	983.75K	N/A
Series B Convertible Preferred Stock Indirect	Common Stock	403200000	—	—	0.00	116.99K
7.00% Subordinated Convertible Notes due 2031 Indirect	Common Stock	1.9	—	—	291.49K	N/A
Series B Convertible Preferred Stock Indirect	Common Stock	403200000	—	—	0.00	560.99K
Series D Cumulative Convertible Preferred Stock Indirect	Common Stock	170956800	—	—	0.00	1.36K
Total					11.65M	762.83K