STILWELL JOSEPH sold 0.0% of their position (5.00 shares) of WHEELER REAL ESTATE INVESTMENT TRUST, INC. on the open market

Open‑market sale worth $15.15 — a minor trim. Review remaining holdings and any 10b5‑1 plan disclosures.

S · 1 sale

STILWELL JOSEPH

Filed: 10/2/2026ACC: 0001213900-26-106486

InsiderSTILWELL JOSEPHCIK 1113303

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IssuerWHEELER REAL ESTATE INVESTMENT TRUST, INC.CIK 1527541

Director

Since Dec 2019

+123.19K

Net shares

Net buyer

$15.15

Total sold

Open market trades

0B · 1S

Total transactions

161.70K acquired · 38.51K disposed

Non-Derivative Transactions3

Common Stock

Indirect

A · Award

+142.01K

Price / share

—

Trade value

—

% of position

32.1%

9/30/2026

442.56K→584.58K

Common Stock

Indirect

S · Sale

−5.00

Price / share

$3.03

Trade value

$15.15

% of position

0.0%

9/30/2026

584.58K→584.57K

Common Stock

Indirect

A · Award

+19.68K

Price / share

—

Trade value

—

% of position

32.1%

9/30/2026

61.28K→80.97K

Total

Net shares

+161.69K

Net value

-$15.15

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Indirect	9/30/2026	A · Award	+142.01K	—	—	32.1%	442.56K	584.58K
Common Stock Indirect	9/30/2026	S · Sale	−5.00	$3.03	$15.15	0.0%	584.58K	584.57K
Common Stock Indirect	9/30/2026	A · Award	+19.68K	—	—	32.1%	61.28K	80.97K
Total			+161.69K		-$15.15

Derivative Transactions7

7.00% Subordinated Convertible Notes due 2031

Indirect

P · Purchase

Converts to

Common Stock

78.13K shares

+N/A

Strike price

4.85

Held after

N/A

Exercisable

—

9/30/2026

7.00% Subordinated Convertible Notes due 2031

Indirect

S · Sale

Converts to

Common Stock

165.42K shares

−N/A

Strike price

4.85

Held after

N/A

Exercisable

—

9/30/2026

7.00% Subordinated Convertible Notes due 2031

Indirect

P · Purchase

Converts to

Common Stock

14.98K shares

+N/A

Strike price

4.85

Held after

N/A

Exercisable

—

9/30/2026

Series D Cumulative Convertible Preferred Stock

Indirect

D · Disposition

Converts to

Common Stock

0.00 shares

−6.80K

Strike price

Held after

121.30K

Exercisable

—

9/30/2026

Series D Cumulative Convertible Preferred Stock

Indirect

D · Disposition

Converts to

Common Stock

0.00 shares

−899.00

Strike price

Held after

17.69K

Exercisable

—

9/30/2026

Series B Preferred Stock

Indirect

D · Disposition

Converts to

Common Stock

0.00 shares

−26.90K

Strike price

Held after

469.29K

Exercisable

—

9/30/2026

Series B Preferred Stock

Indirect

D · Disposition

Converts to

Common Stock

0.00 shares

−3.90K

Strike price

Held after

61.69K

Exercisable

—

9/30/2026

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
7.00% Subordinated Convertible Notes due 2031 Indirect	Common Stock78.13K shares	9/30/2026	P · Purchase	+N/A	4.85	—	N/A
7.00% Subordinated Convertible Notes due 2031 Indirect	Common Stock165.42K shares	9/30/2026	S · Sale	−N/A	4.85	—	N/A
7.00% Subordinated Convertible Notes due 2031 Indirect	Common Stock14.98K shares	9/30/2026	P · Purchase	+N/A	4.85	—	N/A
Series D Cumulative Convertible Preferred Stock Indirect	Common Stock0.00 shares	9/30/2026	D · Disposition	−6.80K		—	121.30K
Series D Cumulative Convertible Preferred Stock Indirect	Common Stock0.00 shares	9/30/2026	D · Disposition	−899.00		—	17.69K
Series B Preferred Stock Indirect	Common Stock0.00 shares	9/30/2026	D · Disposition	−26.90K		—	469.29K
Series B Preferred Stock Indirect	Common Stock0.00 shares	9/30/2026	D · Disposition	−3.90K		—	61.69K

Non-Derivative Holdings (Post-Transaction)2

Common Stock

Indirect

Shares owned1.00

Common Stock

Indirect

Shares owned62.83K

Total

62.83K indirect62.83K

Security Title	Shares Owned	Ownership Type
Common Stock	1.00	Indirect
Common Stock	62.83K	Indirect
Total	62.83K	62.83K indirect

Derivative Holdings (Post-Transaction)3

Series B Preferred Stock

Indirect

Underlying security

Common Stock

Underlying shares

0.00

Shares owned

90.56K

Exercise price

Expiration

—

Exercise window

—

7.00% Subordinated Convertible Notes due 2031

Indirect

Underlying security

Common Stock

Underlying shares

516.86K

Shares owned

N/A

Exercise price

4.85

Expiration

—

Exercise window

—

Series D Cumulative Convertible Preferred Stock

Indirect

Underlying security

Common Stock

Underlying shares

0.00

Shares owned

21.15K

Exercise price

Expiration

—

Exercise window

—

Total

Underlying

516.86K

Owned

111.71K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Series B Preferred Stock Indirect	Common Stock		—	—	0.00	90.56K
7.00% Subordinated Convertible Notes due 2031 Indirect	Common Stock	4.85	—	—	516.86K	N/A
Series D Cumulative Convertible Preferred Stock Indirect	Common Stock		—	—	0.00	21.15K
Total					516.86K	111.71K