STOCK TITAN

Oasis fund trims Stratus Properties (STRS) stake with 40031-share sale

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Oasis Investments II Master Fund Ltd., advised by Oasis Management Company Ltd., reported open-market sales of Stratus Properties common stock. Over April 15–16, 2026, the fund sold a total of 40031 shares at prices around $30 per share. Following these transactions, the filing shows 1076064 shares of Stratus Properties common stock held indirectly. The reporting persons state they disclaim beneficial ownership of these securities except to the extent of any pecuniary interest.

Positive

  • None.

Negative

  • None.
Insider Oasis Management Co Ltd., Oasis Investments II Master Fund Ltd., Fischer Seth
Role 10% Owner | 10% Owner | 10% Owner
Sold 40,031 shs ($1.21M)
Type Security Shares Price Value
Sale Common Stock, par value $0.01 per share 10,000 $30.2211 $302K
Sale Common Stock, par value $0.01 per share 10,000 $30.023 $300K
Sale Common Stock, par value $0.01 per share 5,600 $29.9499 $168K
Sale Common Stock, par value $0.01 per share 4,188 $30.0004 $126K
Sale Common Stock, par value $0.01 per share 10,000 $30.29 $303K
Sale Common Stock, par value $0.01 per share 243 $30.6987 $7K
Holdings After Transaction: Common Stock, par value $0.01 per share — 1,095,852 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.
Total shares sold 40031 shares Aggregate open-market sales on April 15–16, 2026
Shares held after transactions 1076064 shares Indirect holdings following last reported sale on April 16, 2026
Highest reported sale price $30.6987 per share Open-market sale on April 15, 2026
Lowest reported sale price $29.9499 per share Open-market sale on April 16, 2026
Largest single block sold 10000 shares Multiple 10000-share sales on April 15–16, 2026
beneficial owner financial
"shall not be deemed an admission that any of the Reporting Persons is the beneficial owner of the securities"
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
"beneficial owner of the securities reported herein for purposes of Section 16 of the Securities Act of 1934"
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.
investment manager financial
"Oasis Management Company Ltd., a Cayman Islands exempted company (the "Investment Manager"), is the investment manager of Oasis II Fund"
SEC Form 4
FORM 4UNITED 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 CAYMANKY1-1103

(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)
DirectorX10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/15/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock, par value $0.01 per share04/15/2026S10,000D$30.291,106,095ISee footnotes(1)(2)
Common Stock, par value $0.01 per share04/15/2026S243D$30.69871,105,852ISee footnotes(1)(2)
Common Stock, par value $0.01 per share04/16/2026S10,000D$30.22111,095,852ISee footnotes(1)(2)
Common Stock, par value $0.01 per share04/16/2026S10,000D$30.0231,085,852ISee footnotes(1)(2)
Common Stock, par value $0.01 per share04/16/2026S5,600D$29.94991,080,252ISee footnotes(1)(2)
Common Stock, par value $0.01 per share04/16/2026S4,188D$30.00041,076,064ISee 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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount 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 CAYMANKY1-1103

(City)(State)(Zip)

CAYMAN ISLANDS

(Country)

Relationship of Reporting Person(s) to Issuer
DirectorX10% 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 CAYMANKY1-1103

(City)(State)(Zip)

CAYMAN ISLANDS

(Country)

Relationship of Reporting Person(s) to Issuer
DirectorX10% 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)
CENTRAL0

(City)(State)(Zip)

HONG KONG

(Country)

Relationship of Reporting Person(s) to Issuer
DirectorX10% 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 Counsel04/17/2026
/s/ Oasis Investments II Master Fund Ltd., By: Phillip Meyer, its Director04/17/2026
/s/ Seth Fischer04/17/2026
** Signature of Reporting PersonDate
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 activity did STRATUS PROPERTIES INC (STRS) report in this Form 4?

The Form 4 reports that Oasis Investments II Master Fund Ltd. executed open-market sales of Stratus Properties common stock. Across April 15–16, 2026, the fund sold 40031 shares at prices near $30 per share, reducing but not eliminating its indirect position.

How many STRATUS PROPERTIES INC (STRS) shares were sold by the Oasis fund?

The filing shows total open-market sales of 40031 Stratus Properties common shares by Oasis Investments II Master Fund Ltd. These trades occurred in several blocks over two days, with individual transactions of 10000, 10000, 5600, 4188 and 243 shares disclosed.

What prices did the Oasis fund receive for its STRATUS PROPERTIES INC (STRS) share sales?

The reported sale prices for Stratus Properties common stock ranged from $29.9499 to $30.6987 per share. Each transaction lists a specific price, such as $30.2900, $30.2211 and $30.0004, reflecting multiple open-market trades over the two-day period.

How many STRATUS PROPERTIES INC (STRS) shares does the Oasis fund hold after these transactions?

After the reported sales, the Form 4 shows 1076064 Stratus Properties common shares held indirectly. This figure reflects the position of Oasis Investments II Master Fund Ltd. immediately following the final disclosed transaction on April 16, 2026, according to the filing data.

Who is responsible for investment decisions for the Oasis fund in STRATUS PROPERTIES INC (STRS)?

According to the filing, Oasis Management Company Ltd. is the investment manager of Oasis Investments II Master Fund Ltd. Seth Fischer is responsible for supervising and conducting all investment activities of the investment manager, including decisions regarding the fund’s Stratus Properties holdings.

Do the reporting persons claim full beneficial ownership of the STRATUS PROPERTIES INC (STRS) shares?

The reporting persons expressly disclaim beneficial ownership of the reported Stratus Properties securities except to the extent of their pecuniary interest. The filing states that it should not be deemed an admission that any reporting person is the beneficial owner for Section 16 purposes.