Wheeler Real Estate Investment Trust, Inc. (WHLR) agreed to issue 142,015 common shares to Stilwell Activist Investments, L.P. for 26,897 Series B and 6,801 Series D preferred shares, and 19,685 common shares to Stilwell Activist Fund, L.P. for 3,903 Series B and 899 Series D shares, on September 30, 2026. Wheeler stated it received no cash proceeds in either exchange.
Separately, Stilwell Activist Investments sold 5 common shares at $3.03 per share. Note transactions were reported at aggregate prices of $1,287,410 for Stilwell Activist Investments’ purchase, $246,925 for Stilwell Associates, L.P.’s purchase, and $2,725,865 for Stilwell Value Partners VII, L.P.’s sale; each was priced at $85.00 per $25.00 of aggregate principal amount. The notes convert at $4.84648 per common share; a reported Stilwell Activist Fund note holding represents 516,859 underlying common shares as of September 30, 2026.
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.
Wheeler Real Estate Investment Trust, Inc. is the issuer of the 7.00% Subordinated Convertible Notes due 2031 named in a notice of proposed sale by Stilwell Value LLC, identified as a 10% stockholder. The notice lists 32,069 units with an aggregate market value of $2,725,865, to be sold through Raymond James & Associates, Inc. on September 30, 2026, on NASDAQ.
Wheeler Real Estate Investment Trust, Inc. (WHLR) agreed to issue 189,200 common shares on September 8, 2026, for 4,400 Series B and 1,100 Series D preferred shares. That common-share count is pre-split; the company said the issuance represented approximately 21,022 common shares after its one-for-nine reverse split, effective September 21, 2026.
On September 23, 2026, WHLR agreed to issue 162,244 common shares for 41,061 Series B preferred shares to an unaffiliated holder, and an aggregate 566,670 common shares to Stilwell Activist Investments, L.P., Stilwell Activist Fund, L.P., and Stilwell Associates, L.P., for 58,120 Series B and 14,530 Series D preferred shares. Director Joseph Stilwell is the managing member and owner of Stilwell Value LLC, general partner of each Stilwell investor. WHLR said it received no cash proceeds, the exchanged preferred shares were retired and cancelled, and it expects the transactions to settle in accordance with customary settlement cycles.
Wheeler Real Estate Investment Trust, Inc. (WHLR) has approved a one-for-nine Reverse Stock Split of its common stock, effective at 5:00 p.m. Eastern Time on September 21, 2026, with split-adjusted trading on Nasdaq beginning September 22, 2026. The par value of common stock will then decrease to $0.01 per share one minute later. No fractional shares will be issued; instead, holders will receive cash based on the September 21, 2026 closing price for any fractional share. As of September 17, 2026, WHLR had 5,113,901 common shares outstanding and anticipates approximately 568,211 shares outstanding after the split. The split will not change relative ownership, voting, or other rights, and will not change the number of authorized common shares. Conversion terms for WHLR’s 7.00% subordinated convertible notes due 2031 and its Series B and Series D preferred stock will be adjusted proportionally to reflect the new share structure.
Wheeler Real Estate Investment Trust, Inc. (WHLR) had a Form 4 filed by ten percent owner HRT FINANCIAL LP reporting a sale of 5,048 shares of common stock on September 10, 2026 at $0.369 per share in an open-market or private transaction.
After this transaction, the reporting person shows 1,315 shares resulting in short sales, held as a direct position. No transactions are reported as made under a Rule 10b5-1 trading plan.
Wheeler Real Estate Investment Trust, Inc. (WHLR) reported that major shareholder HRT FINANCIAL LP purchased WHLR common stock in two open-market or private transactions. On September 8, 2026, it bought 8,197 shares at $0.3900 per share, and on September 9, 2026, it bought 11,253 shares at $0.3760 per share, totaling 19,450 shares acquired. A footnote states that the September 8 transaction resulted in short sales. No Rule 10b5-1 trading plan is reported.
Wheeler Real Estate Investment Trust, Inc. (WHLR) has a new Form 3 filing from HRT Financial LP, identified as a ten percent owner. The filing reports a position in common stock totaling 15,717 shares
Wheeler Real Estate Investment Trust, Inc. (WHLR) reports that, following September 2026 conversions of its Series D Cumulative Convertible Preferred Stock at a lowest conversion price of approximately $0.98 per common share, the conversion price of its 7.00% Subordinated Convertible Notes due 2031 was further adjusted to approximately $0.54 per share. This equates to about 46.43 shares of common stock for each $25.00 principal amount of notes, a 45% discount to the $0.98 reference price. On the 36th monthly Holder Redemption Date, September 8, 2026, the company processed 8,200 Series D preferred shares for redemption at approximately $41.66 per share, settling the aggregate redemption price through issuance of 348,896 common shares. Cumulatively, 1,827,228 Series D preferred shares have been redeemed, with approximately 473,000 common shares issued in settlement, and as of September 8, 2026 WHLR had 4,924,701 common shares and 1,726,704 Series D preferred shares outstanding.
Wheeler Real Estate Investment Trust, Inc. (WHLR) reports unregistered exchanges of preferred stock into common stock with existing security holders. On September 2, 2026, the company agreed to issue 581,328 shares of common stock in exchange for an aggregate 23,664 Series B and 3,537 Series D Preferred shares across two transactions, including an exchange ratio of 124 common shares for four Series B and one Series D share in one transaction and 15 common shares for one Series B share in the other. On September 3, 2026, WHLR agreed to issue 260,300 common shares in exchange for 7,600 Series B and 1,900 Series D Preferred shares, at 137 common shares for four Series B and one Series D share. The company received no cash proceeds; all exchanged preferred shares were retired and cancelled. The exchanges relied on the Section 3(a)(9) exemption as exchanges with existing holders, with no commission or other remuneration paid.