Oasis-linked fund sells 10,000 Stratus Properties (STRS) shares

Rhea-AI Filing Summary

Stratus Properties Inc. reported an insider sale by an Oasis-affiliated fund. On May 4, 2026, Oasis Investments II Master Fund Ltd. completed an open‑market sale of 10,000 shares of Stratus common stock at $29.7052 per share.

After the sale, the fund’s indirect holdings reported for the group totaled 981,849 shares of common stock. Oasis Management Company Ltd. acts as investment manager to the fund, and Seth Fischer oversees its investment activities. The reporting persons expressly disclaim beneficial ownership of these securities except to the extent of any pecuniary interest.

Insider Trade Summary

Net Seller: 10,000 shares ($297,052)

Net Sell 1 txn

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

Role null | null | null

Sold 10,000 shs ($297K)

Type	Security	Shares	Price	Value
Sale	Common Stock, par value $0.01 per share	10,000	$29.7052	$297K

Holdings After Transaction: Common Stock, par value $0.01 per share — 981,849 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: 10,000 shares Sale price: $29.7052 per share Shares remaining: 981,849 shares +1 more

4 metrics

Shares sold 10,000 shares Open-market sale of common stock on May 4, 2026

Sale price $29.7052 per share Price for the 10,000 Stratus Properties shares sold

Shares remaining 981,849 shares Indirect holdings reported after the transaction

Net insider share change 10,000 shares sold Net-sell direction from transaction summary

Key Terms

beneficial owner, pecuniary interest, investment manager, Section 16

4 terms

beneficial owner regulatory

"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"

investment manager financial

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

Section 16 regulatory

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

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 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)
05/04/2026

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	05/04/2026		S		10,000	D	$29.7052	981,849	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	05/06/2026
	/s/ Oasis Investments II Master Fund Ltd., By: Phillip Meyer, its Director	05/06/2026
	/s/ Seth Fischer	05/06/2026
	** 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 insider transaction did STRATUS PROPERTIES INC (STRS) report?

STRATUS PROPERTIES INC reported an open-market sale of 10,000 common shares. The trade was executed by Oasis Investments II Master Fund Ltd. at $29.7052 per share, reflecting activity by a 10% owner associated with Oasis Management.

Who executed the recent sale of STRS shares?

The seller was Oasis Investments II Master Fund Ltd., a Cayman Islands fund. Oasis Management Company Ltd. serves as its investment manager, and Seth Fischer supervises the investment activities and decisions for the fund’s assets, including Stratus Properties holdings.

At what price were the STRS shares sold in this Form 4 filing?

The 10,000 Stratus Properties common shares were sold at an average price of $29.7052 per share. This price reflects the consideration received in the reported open‑market transaction by the Oasis-affiliated fund on May 4, 2026.

How many STRS shares remain held after the Oasis fund sale?

Following the 10,000‑share sale, the filing shows 981,849 Stratus Properties common shares indirectly held by the reporting group. This figure represents the remaining reported position tied to the Oasis Investments II Master Fund structure after the transaction.

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

No. The reporting persons expressly disclaim beneficial ownership of the reported Stratus Properties shares. They state they are not deemed beneficial owners for Section 16 purposes, except to the extent of any pecuniary interest in the securities.

What is Seth Fischer’s role in relation to the STRS holdings?

Seth Fischer supervises and conducts all investment activities of Oasis Management Company Ltd. That includes overseeing investment decisions for Oasis Investments II Master Fund Ltd., which directly holds the Stratus Properties common stock reported in this Form 4.