STILWELL JOSEPH

Filed: 1/5/2026ACC: 0001213900-26-001079

InsiderSTILWELL JOSEPHCIK 1113303

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IssuerWHEELER REAL ESTATE INVESTMENT TRUST, INC.CIK 1527541

Director

Since Dec 2019

+37.17K

Net shares

Net buyer

$0.00

Total acquired

Open market trades

0B · 0S

Total transactions

37.17K 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

+28.89K

Strike price

170956800

Held after

108.95K

Exercisable

—

12/31/2025

Series D Cumulative Convertible Preferred Stock

Indirect

J · J

Converts to

Common Stock

0.00 shares

+4.22K

Strike price

170956800

Held after

15.80K

Exercisable

—

12/31/2025

Series D Cumulative Convertible Preferred Stock

Indirect

J · J

Converts to

Common Stock

0.00 shares

+3.14K

Strike price

170956800

Held after

19.10K

Exercisable

—

12/31/2025

Series D Cumulative Convertible Preferred Stock

Indirect

J · J

Converts to

Common Stock

0.00 shares

+929.00

Strike price

170956800

Held after

2.29K

Exercisable

—

12/31/2025

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Series D Cumulative Convertible Preferred Stock Indirect	Common Stock0.00 shares	12/31/2025	J · J	+28.89K	170956800	—	108.95K
Series D Cumulative Convertible Preferred Stock Indirect	Common Stock0.00 shares	12/31/2025	J · J	+4.22K	170956800	—	15.80K
Series D Cumulative Convertible Preferred Stock Indirect	Common Stock0.00 shares	12/31/2025	J · J	+3.14K	170956800	—	19.10K
Series D Cumulative Convertible Preferred Stock Indirect	Common Stock0.00 shares	12/31/2025	J · J	+929.00	170956800	—	2.29K

Non-Derivative Holdings (Post-Transaction)4

Common Stock

Indirect

Shares owned43.92K

Common Stock

Indirect

Shares owned8.84K

Common Stock

Indirect

Shares owned80.00

Common Stock

Indirect

Shares owned4.26K

Total

57.10K indirect57.10K

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

Derivative Holdings (Post-Transaction)7

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

—

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

116.99K

Exercise price

403200000

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

—

Series B Convertible Preferred Stock

Indirect

Underlying security

Common Stock

Underlying shares

0.00

Shares owned

560.99K

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

—

Total

Underlying

11.65M

Owned

761.47K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
7.00% Subordinated Convertible Notes due 2031 Indirect	Common Stock	1.9	—	—	983.75K	N/A
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	116.99K
Series B Convertible Preferred Stock Indirect	Common Stock	403200000	—	—	0.00	83.49K
Series B Convertible Preferred Stock Indirect	Common Stock	403200000	—	—	0.00	560.99K
7.00% Subordinated Convertible Notes due 2031 Indirect	Common Stock	1.9	—	—	291.49K	N/A
Total					11.65M	761.47K