Oasis fund trims Stratus Properties (STRS) stake with small share sale

Rhea-AI Filing Summary

Stratus Properties Inc. insider-associated entity reports a small open-market sale. Oasis Investments II Master Fund Ltd. sold 720 shares of Stratus Properties common stock at an average price of $30.027 per share. After this transaction, the fund is reported as indirectly holding 981,129 shares. The position is managed by Oasis Management Company Ltd., with Seth Fischer overseeing investment activities, and the reporting persons expressly disclaim beneficial ownership beyond any pecuniary interest.

Insider Trade Summary

Net Seller: 720 shares ($21,619)

Net Sell 1 txn

Insider Oasis Management Co Ltd., Oasis Investments II Master Fund Ltd., Fischer Seth

Role null | null | null

Sold 720 shs ($22K)

Type	Security	Shares	Price	Value
Sale	Common Stock, par value $0.01 per share	720	$30.027	$22K

Holdings After Transaction: Common Stock, par value $0.01 per share — 981,129 shares (Indirect, See footnotes)

Footnotes (1)

1. The securities to which this filing relates are held directly by Oasis Investments II Master Fund Ltd., a Cayman Islands exempted company (the "Oasis II Fund"). Oasis Management Company Ltd., a Cayman Islands exempted company (the "Investment Manager"), is the investment manager of Oasis II Fund. Seth Fischer, is responsible for the supervision and conduct of all investment activities of the Investment Manager, including all investment decisions with respect to the assets of the Oasis II Fund. The filing of this statement shall not be deemed an admission that any of the Reporting Persons is the beneficial owner of the securities reported herein for purposes of Section 16 of the Securities Act of 1934, as amended, or otherwise. Each of the Reporting Persons expressly disclaims beneficial ownership of the securities reported herein except to the extent of its or his pecuniary interest therein, if any.

Key Figures

Shares sold: 720 shares Sale price: $30.027 per share Shares held after transaction: 981,129 shares +2 more

5 metrics

Shares sold 720 shares Open-market sale on 2026-05-07

Sale price $30.027 per share Average price for common stock sale

Shares held after transaction 981,129 shares Indirect holdings following sale

Net buy/sell shares 720 shares net sold Transaction summary net-sell direction

Transaction code S Sale in open market or private transaction

Key Terms

open-market sale, ten percent owner, beneficial owner, pecuniary interest, +1 more

5 terms

open-market sale financial

"transaction_action is described as an open-market sale of common stock"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

ten percent owner regulatory

"each reporting person is identified as a ten percent owner of the issuer"

beneficial owner regulatory

"the filing states it is not an admission of being the beneficial owner"

A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.

pecuniary interest financial

"each reporting person disclaims beneficial ownership except to the extent of pecuniary interest"

indirect ownership financial

"the transaction is reported with indirect ownership and nature of ownership referencing footnotes"

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Oasis Management Co Ltd.

(Last) (First) (Middle)

4TH FLOOR ANDERSON SQUARE,

64 SHEDDEN ROAD, P.O. BOX 10324

(Street)

GRAND CAYMAN E9 KY-1103

(City) (State) (Zip)

CAYMAN ISLANDS

(Country)

2. Issuer Name and Ticker or Trading Symbol
STRATUS PROPERTIES INC [ STRS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/07/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, par value $0.01 per share	05/07/2026		S		720	D	$30.027	981,129	I	See footnotes(1)(2)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person^*

Oasis Management Co Ltd.

(Last) (First) (Middle)

4TH FLOOR ANDERSON SQUARE,

64 SHEDDEN ROAD, P.O. BOX 10324

(Street)

GRAND CAYMAN E9 KY-1103

(City) (State) (Zip)

CAYMAN ISLANDS

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Oasis Investments II Master Fund Ltd.

(Last) (First) (Middle)

UGLAND HOUSE PO BOX 309

(Street)

GRAND CAYMAN E9 KY1-1104

(City) (State) (Zip)

CAYMAN ISLANDS

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Fischer Seth

(Last) (First) (Middle)

C/O OASIS MANAGEMENT (HONG KONG) LLC

21/F MAN YEE BUILDING, 68 DES VOEUX ROAD

(Street)

CENTRAL K3 0

(City) (State) (Zip)

HONG KONG

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

Explanation of Responses:

1. The securities to which this filing relates are held directly by Oasis Investments II Master Fund Ltd., a Cayman Islands exempted company (the "Oasis II Fund"). Oasis Management Company Ltd., a Cayman Islands exempted company (the "Investment Manager"), is the investment manager of Oasis II Fund. Seth Fischer, is responsible for the supervision and conduct of all investment activities of the Investment Manager, including all investment decisions with respect to the assets of the Oasis II Fund.

2. The filing of this statement shall not be deemed an admission that any of the Reporting Persons is the beneficial owner of the securities reported herein for purposes of Section 16 of the Securities Act of 1934, as amended, or otherwise. Each of the Reporting Persons expressly disclaims beneficial ownership of the securities reported herein except to the extent of its or his pecuniary interest therein, if any.

	/s/ Oasis Management Company Ltd., By: Phillip Meyer, its General Counsel	05/11/2026
	/s/ Oasis Investments II Master Fund Ltd., By: Phillip Meyer, its Director	05/11/2026
	/s/ Seth Fischer	05/11/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did Oasis Investments II Master Fund report in this Stratus Properties (STRS) Form 4?

The Form 4 reports that Oasis Investments II Master Fund Ltd. executed an open-market sale of 720 Stratus Properties shares at about $30.027 per share, leaving it indirectly holding 981,129 shares associated with the reporting group.

How large is the Oasis-related sale compared to its remaining STRS holdings?

The sale involved 720 shares, while 981,129 shares are reported as held indirectly after the transaction. This indicates the sale is small relative to the remaining position disclosed in the filing for the Oasis-related entities.

Who actually holds the Stratus Properties (STRS) shares in this Form 4 filing?

The securities are held directly by Oasis Investments II Master Fund Ltd. Oasis Management Company Ltd. acts as investment manager, and Seth Fischer supervises investment activities and decisions relating to the Oasis II Fund’s assets, according to the filing’s footnotes.

Does the Form 4 say Oasis and Seth Fischer are beneficial owners of the STRS shares?

The filing states that each reporting person expressly disclaims beneficial ownership of the securities except to the extent of its or his pecuniary interest. It adds that the filing should not be deemed an admission of beneficial ownership under Section 16.

What was the transaction type reported for Stratus Properties (STRS) in this Form 4?

The transaction is coded as an open-market sale of common stock, identified as transaction code “S.” It involves non-derivative securities, reflecting a straightforward sale of existing shares rather than option exercises or other derivative activity.

Are the STRS shares in this Form 4 held directly or indirectly by the reporting persons?

The transaction is reported as indirect ownership, with the nature of ownership referring to the footnotes. Those notes explain that the shares are held by Oasis Investments II Master Fund Ltd., managed by Oasis Management Company Ltd., with Seth Fischer supervising investment activities.