Oasis fund trims Stratus Properties (STRS) stake with 5,417-share sale

Rhea-AI Filing Summary

Oasis Investments II Master Fund Ltd., a 10% owner of STRATUS PROPERTIES INC, reported an open-market sale of 5,417 shares of common stock at $30.1148 per share on April 2, 2026. After this transaction, the fund’s indirect holdings were 1,128,643 shares. The shares are held by the Oasis II Fund, with Oasis Management Company Ltd. serving as investment manager and Seth Fischer overseeing its investment activities. The reporting persons expressly disclaim beneficial ownership beyond any pecuniary interest.

Insider Trade Summary

Net Seller: 5,417 shares ($163,132)

Net Sell 1 txn

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

Role 10% Owner | 10% Owner | 10% Owner

Sold 5,417 shs ($163K)

Type	Security	Shares	Price	Value
Sale	Common Stock, par value $0.01 per share	5,417	$30.1148	$163K

Holdings After Transaction: Common Stock, par value $0.01 per share — 1,128,643 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: 5,417 shares Sale price per share: $30.1148 per share Shares held after transaction: 1,128,643 shares +1 more

4 metrics

Shares sold 5,417 shares Open-market sale of common stock on April 2, 2026

Sale price per share $30.1148 per share Price for the 5,417 common shares sold

Shares held after transaction 1,128,643 shares Indirect holdings of Oasis II Fund following the sale

Ownership status 10% owner Reporting persons designated as ten percent owners

Key Terms

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

5 terms

open-market sale financial

"transaction_action is described as an 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.

ten percent owner regulatory

"reporting persons are indicated as ten percent owners"

indirect ownership financial

"ownership_type is noted as indirect with nature of ownership in footnotes"

pecuniary interest financial

"reporting persons disclaim beneficial ownership except to the extent of pecuniary interest"

investment manager financial

"Oasis Management Company Ltd. is described as the investment manager of Oasis II Fund"

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)
04/02/2026

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	04/02/2026		S		5,417	D	$30.1148	1,128,643	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)

PO BOX 309, UGLAND HOUSE

(Street)

GRAND CAYMAN E9 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 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	04/06/2026
	/s/ Oasis Investments II Master Fund Ltd., By: Phillip Meyer, its Director	04/06/2026
	/s/ Seth Fischer	04/06/2026
	** 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 Ltd. do in this Form 4 for STRS?

Oasis Investments II Master Fund Ltd. reported an open-market sale of 5,417 shares of STRATUS PROPERTIES INC common stock at $30.1148 per share. This transaction was reported as an indirect holding change through the Oasis II Fund structure.

How many STRATUS PROPERTIES (STRS) shares did Oasis II Fund sell and at what price?

The Oasis II Fund sold 5,417 shares of STRATUS PROPERTIES INC common stock at a price of $30.1148 per share. The transaction was classified as an open-market sale of non-derivative common stock held indirectly.

How many STRATUS PROPERTIES (STRS) shares does the Oasis II Fund hold after this sale?

After the reported sale, Oasis Investments II Master Fund Ltd. held 1,128,643 shares of STRATUS PROPERTIES INC common stock indirectly. This post-transaction figure reflects its remaining position as shown in the Form 4 data provided.

Who controls investment decisions for the Oasis II Fund’s STRATUS PROPERTIES (STRS) shares?

Oasis Management Company Ltd. acts as investment manager for the Oasis II Fund, and Seth Fischer supervises and conducts all investment activities. This includes investment decisions regarding the STRATUS PROPERTIES INC shares held by the Oasis II Fund.

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

The reporting persons expressly disclaim beneficial ownership of the STRATUS PROPERTIES INC shares beyond any pecuniary interest. The Form 4 states the filing is not an admission of beneficial ownership for Section 16 purposes or otherwise.