Wheeler director reports $425K convertible-note buy
The notes are convertible at holders’ option at approximately $4.85 per common share, and WHLR may elect among three forms of interest payment.
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Form Type
4
Rhea-AI Filing Summary
Wheeler Real Estate Investment Trust, Inc. (WHLR) director Gregory Paul Hannon reported that Oakmont Capital Inc. purchased the issuer’s 7.00% Subordinated Convertible Notes due 2031 on September 30, 2026, for an aggregate purchase price of $425,000. The notes are convertible at holders’ option at approximately $4.85 per common share; 25,791 common shares are reported as underlying the notes. No Rule 10b5-1 plan is reported.
Insider Trade Summary
Purchase: 0 shares
Purchase
2 txns
Insider
Hannon Gregory Paul
Role
Director
Bought
0 shs
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | 7.00% Subordinated Convertible Notes due 2031 F3, F5, F4, F2 | -- | $425,000.00 | -- |
| holding | Series D Cumulative Convertible Preferred Stock F1, F2 | -- | -- | -- |
Holdings After Transaction:
7.00% Subordinated Convertible Notes due 2031 — 0 contracts (Indirect, By Oakmont Capital Inc.);
Series D Cumulative Convertible Preferred Stock — 1,054 contracts for 0 underlying shares (Indirect, By Oakmont Capital Inc.)
Footnotes (5)
- F1. Each share of the Issuer's Series D Cumulative Convertible Preferred Stock ("Series D Preferred Stock") is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.00000000002 shares of the Issuer's common stock (a conversion price of $1,107,800,064,000 per share of common stock). Series D Preferred Stock has no expiration date.
- F2. These securities are owned directly by Oakmont Capital Inc. and indirectly by Gregory Paul Hannon in his capacity as the Vice President and Director of Oakmont Capital Inc. Gregory Paul Hannon disclaims beneficial ownership of all securities reported as owned indirectly except to the extent of his pecuniary interest therein.
- F3. The Issuer's 7.00% Subordinated Convertible Notes due 2031 (the "Notes") are convertible, in whole or in part, at any time, at the option of the holders thereof, into shares of the Issuer's common stock at a conversion price of approximately $4.85 per share (approximately 5.16 shares of Common Stock for each $25.00 of principal amount of the Notes being converted).
- F4. Interest on the Notes may be payable, at the Issuer's election, in cash, in shares of the Issuer's Series B Preferred Stock or in shares of the Series D Preferred Stock, in each case as set forth in the Notes.
- F5. The price reported in Column 8 is an aggregate purchase price. These Notes were purchased at a price of $85.00 per $25.00 of aggregate principal amount.
Key Figures
Aggregate purchase price: $425,000
Purchase price per principal amount: $85.00 per $25.00 of aggregate principal amount
Conversion price: Approximately $4.85 per common share
+4 more
7 metrics
Aggregate purchase price
$425,000
Oakmont Capital Inc. purchase of the notes on September 30, 2026
Purchase price per principal amount
$85.00 per $25.00 of aggregate principal amount
Price term for the notes purchased
Conversion price
Approximately $4.85 per common share
Holder-option conversion term for the notes
Underlying common shares
25,791 shares
Reported as underlying the notes purchased
Common shares per principal amount
Approximately 5.16 shares per $25.00
Conversion term for the notes
Interest rate
7.00%
Subordinated Convertible Notes due 2031
Series D preferred shares held
1,054 shares
Directly owned by Oakmont Capital Inc. as of September 30, 2026
Key Terms
7.00% Subordinated Convertible Notes due 2031, aggregate purchase price, conversion price, Series D Cumulative Convertible Preferred Stock
4 terms
7.00% Subordinated Convertible Notes due 2031 financial
"purchased at a price of $85.00 per $25.00 of aggregate principal amount"
aggregate purchase price financial
"The price reported in Column 8 is an aggregate purchase price"
The aggregate purchase price is the total amount a buyer pays to acquire a company, assets or securities, including the headline payment plus any assumed debt, fees, taxes and contractually required adjustments. It matters to investors because it shows the true cost of a deal and how much value must be realized after the sale — like knowing the full price of a house once you add closing costs, repairs and outstanding mortgage obligations.
conversion price financial
"at a conversion price of approximately $4.85 per share"
The conversion price is the fixed price at which a convertible security, like a bond or preferred stock, can be exchanged for shares of common stock. It acts like a set rate that determines how many shares an investor can receive if they choose to convert their investment. This helps investors understand the value and potential benefits of converting their securities into company shares.
Series D Cumulative Convertible Preferred Stock financial
"Each share of the Issuer's Series D Cumulative Convertible Preferred Stock"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Oakmont Capital Inc. buy in WHLR?
Oakmont Capital Inc. purchased Wheeler Real Estate Investment Trust, Inc.’s 7.00% Subordinated Convertible Notes due 2031 on September 30, 2026, for an aggregate purchase price of $425,000. The notes are convertible at holders’ option at approximately $4.85 per common share, or approximately 5.16 shares for each $25.00 of principal. No Rule 10b5-1 plan is reported.
How can WHLR pay interest on its 7.00% convertible notes?
At the issuer’s election, interest may be paid in cash, shares of Series B Preferred Stock, or shares of Series D Preferred Stock, as set forth in the notes.
AI-generated analysis. How Rhea-AI works. Not financial advice.
