STILWELL JOSEPH

Filed: 3/20/2026ACC: 0001213900-26-032376

InsiderSTILWELL JOSEPHCIK 1113303

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IssuerWHEELER REAL ESTATE INVESTMENT TRUST, INC.CIK 1527541

Director

Since Dec 2019

-26K

Net shares

Net seller

$0.00

Total acquired

Open market trades

0B · 0S

Total transactions

26K 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

−13.47K

Strike price

1209600000

Held after

547.52K

Exercisable

—

3/18/2026

Series B Convertible Preferred Stock

Indirect

S · Sale

Converts to

Common Stock

0.00 shares

−12.53K

Strike price

1209600000

Held after

104.46K

Exercisable

—

3/18/2026

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Series B Convertible Preferred Stock Indirect	Common Stock0.00 shares	3/18/2026	S · Sale	−13.47K	1209600000	—	547.52K
Series B Convertible Preferred Stock Indirect	Common Stock0.00 shares	3/18/2026	S · Sale	−12.53K	1209600000	—	104.46K

Non-Derivative Holdings (Post-Transaction)4

Common Stock

Indirect

Shares owned14.64K

Common Stock

Indirect

Shares owned2.95K

Common Stock

Indirect

Shares owned1.42K

Common Stock

Indirect

Shares owned26.00

Total

19.03K indirect19.03K

Security Title	Shares Owned	Ownership Type
Common Stock	14.64K	Indirect
Common Stock	2.95K	Indirect
Common Stock	1.42K	Indirect
Common Stock	26.00	Indirect
Total	19.03K	19.03K indirect

Derivative Holdings (Post-Transaction)9

7.00% Subordinated Convertible Notes due 2031

Indirect

Underlying security

Common Stock

Underlying shares

16.55M

Shares owned

N/A

Exercise price

1.04

Expiration

—

Exercise window

—

7.00% Subordinated Convertible Notes due 2031

Indirect

Underlying security

Common Stock

Underlying shares

2.42M

Shares owned

N/A

Exercise price

1.04

Expiration

—

Exercise window

—

7.00% Subordinated Convertible Notes due 2031

Indirect

Underlying security

Common Stock

Underlying shares

532.84K

Shares owned

N/A

Exercise price

1.04

Expiration

—

Exercise window

—

7.00% Subordinated Convertible Notes due 2031

Indirect

Underlying security

Common Stock

Underlying shares

1.80M

Shares owned

N/A

Exercise price

1.04

Expiration

—

Exercise window

—

Series D Cumulative Convertible Preferred Stock

Indirect

Underlying security

Common Stock

Underlying shares

0.00

Shares owned

19.10K

Exercise price

512870400

Expiration

—

Exercise window

—

Series D Cumulative Convertible Preferred Stock

Indirect

Underlying security

Common Stock

Underlying shares

0.00

Shares owned

15.80K

Exercise price

512870400

Expiration

—

Exercise window

—

Series D Cumulative Convertible Preferred Stock

Indirect

Underlying security

Common Stock

Underlying shares

0.00

Shares owned

108.95K

Exercise price

512870400

Expiration

—

Exercise window

—

Series B Convertible Preferred Stock

Indirect

Underlying security

Common Stock

Underlying shares

0.00

Shares owned

83.49K

Exercise price

1209600000

Expiration

—

Exercise window

—

Series D Cumulative Convertible Preferred Stock

Indirect

Underlying security

Common Stock

Underlying shares

0.00

Shares owned

2.29K

Exercise price

512870400

Expiration

—

Exercise window

—

Total

Underlying

21.30M

Owned

229.63K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
7.00% Subordinated Convertible Notes due 2031 Indirect	Common Stock	1.04	—	—	16.55M	N/A
7.00% Subordinated Convertible Notes due 2031 Indirect	Common Stock	1.04	—	—	2.42M	N/A
7.00% Subordinated Convertible Notes due 2031 Indirect	Common Stock	1.04	—	—	532.84K	N/A
7.00% Subordinated Convertible Notes due 2031 Indirect	Common Stock	1.04	—	—	1.80M	N/A
Series D Cumulative Convertible Preferred Stock Indirect	Common Stock	512870400	—	—	0.00	19.10K
Series D Cumulative Convertible Preferred Stock Indirect	Common Stock	512870400	—	—	0.00	15.80K
Series D Cumulative Convertible Preferred Stock Indirect	Common Stock	512870400	—	—	0.00	108.95K
Series B Convertible Preferred Stock Indirect	Common Stock	1209600000	—	—	0.00	83.49K
Series D Cumulative Convertible Preferred Stock Indirect	Common Stock	512870400	—	—	0.00	2.29K
Total					21.30M	229.63K