Oasis fund trims Stratus Properties (STRS) stake with 10,493-share sale

Rhea-AI Filing Summary

Stratus Properties Inc. reported insider trading activity by entities associated with Oasis Management. Oasis Investments II Master Fund Ltd. completed two open-market sales of common stock, selling 10,000 shares at an average price of $29.891 on April 24, 2026 and 493 shares at $30.1864 on April 22, 2026.

After these transactions, the Oasis-managed fund held 1,016,765 shares indirectly. The filing notes that Oasis Management Co. Ltd. acts as investment manager and that the reporting persons disclaim beneficial ownership beyond any pecuniary interest.

Insider Trade Summary

Net Seller: 10,493 shares ($313,792)

Net Sell 2 txns

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

Role null | null | null

Sold 10,493 shs ($314K)

Type	Security	Shares	Price	Value
Sale	Common Stock, par value $0.01 per share	10,000	$29.891	$299K
Sale	Common Stock, par value $0.01 per share	493	$30.1864	$15K

Holdings After Transaction: Common Stock, par value $0.01 per share — 1,016,765 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 on April 24, 2026: 10,000 shares Price on April 24, 2026: $29.891/share Shares sold on April 22, 2026: 493 shares +3 more

6 metrics

Shares sold on April 24, 2026 10,000 shares Open-market sale at $29.891 per share

Price on April 24, 2026 $29.891/share Open-market sale of 10,000 common shares

Shares sold on April 22, 2026 493 shares Open-market sale at $30.1864 per share

Price on April 22, 2026 $30.1864/share Open-market sale of 493 common shares

Total shares sold 10,493 shares Combined open-market sales in April 2026

Shares held after transactions 1,016,765 shares Indirect holdings following April 2026 sales

Key Terms

open-market sale, indirect ownership, beneficial owner, pecuniary interest, +1 more

5 terms

open-market sale financial

"transaction_action: "open-market sale""

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.

indirect ownership financial

""ownership_type": "indirect", "ownership_code": "I""

beneficial owner regulatory

"not be deemed an admission that any of the Reporting Persons is 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

"disclaims beneficial ownership of the securities reported herein except to the extent of its or his pecuniary interest therein"

Section 16 regulatory

"for purposes of Section 16 of the Securities Act of 1934, as amended"

Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.

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 KY1-1103

(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)
04/22/2026

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	04/22/2026		S		493	D	$30.1864	1,026,765	I	See footnotes(1)(2)
Common Stock, par value $0.01 per share	04/24/2026		S		10,000	D	$29.891	1,016,765	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 KY1-1103

(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)

PO BOX 309, UGLAND HOUSE

(Street)

GRAND CAYMAN KY1-1103

(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^*

Fischer Seth

(Last) (First) (Middle)

C/O OASIS MANAGEMENT (HONG KONG)

25/F, LHT TOWER, 31 QUEEN'S ROAD CENTRAL

(Street)

CENTRAL 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	04/24/2026
	/s/ Oasis Investments II Master Fund Ltd., By: Phillip Meyer, its Director	04/24/2026
	/s/ Seth Fischer	04/24/2026
	** 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 insider transactions did Oasis entities report in STRS stock?

Oasis Investments II Master Fund Ltd. reported two open-market sales of Stratus Properties common stock, totaling 10,493 shares. The trades occurred on April 22 and April 24, 2026, at prices around $30 per share, slightly reducing the fund’s indirect position.

How many STRS shares did the Oasis fund sell and at what prices?

The Oasis fund sold 10,000 Stratus Properties shares at $29.891 on April 24, 2026, and 493 shares at $30.1864 on April 22, 2026. Together, these open-market sales totaled 10,493 shares of common stock at roughly $30 per share.

How many STRS shares does the Oasis-managed fund hold after these sales?

Following the reported transactions, the Oasis Investments II Master Fund Ltd. indirectly held 1,016,765 shares of Stratus Properties common stock. This figure reflects its remaining position after selling a combined 10,493 shares in two open-market trades during April 2026.

Who is responsible for investment decisions for the Oasis fund in STRS?

Oasis Management Company Ltd., a Cayman Islands exempted company, serves as investment manager for Oasis Investments II Master Fund Ltd. Seth Fischer supervises and conducts all investment activities for the manager, including decisions regarding the fund’s Stratus Properties holdings, according to the filing’s footnotes.

Do the reporting persons claim full beneficial ownership of the STRS shares?

The reporting persons expressly disclaim beneficial ownership of the Stratus Properties securities beyond any pecuniary interest. The filing states that their inclusion should not be deemed an admission of beneficial ownership for Section 16 purposes or otherwise, limiting how their economic interest is interpreted.