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Joseph Stilwell disclaims beneficial ownership of all securities reported as owned indirectly except to the extent of his pecuniary interest therein."}],"derivative":{"exercise_price":4.85,"expiration_date":"2031-12-31","underlying":"Common Stock","underlying_shares":14985},"source":{"system":"sec-edgar","filing":"0001213900-26-106486","document":"ownership.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":9,"url":"https://www.sec.gov/Archives/edgar/data/913960/000121390026106486/ownership.xml","form_type":"4"}},{"id":4632999,"issuer":{"id":8666,"kind":"organization","name":"Wheeler Real Estate Investment Trust, Inc.","symbol":"WHLR"},"owners":[{"id":23076,"kind":"person","name":"Stilwell Joseph","position":1,"cik":"0001113303","reported_name":"Stilwell Joseph","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23077,"kind":"organization","name":"Stilwell Value LLC","position":2,"cik":"0001397076","reported_name":"Stilwell Value LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23080,"kind":"organization","name":"Stilwell Activist Investments, L.P.","position":3,"cik":"0001573720","reported_name":"Stilwell Activist Investments, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23079,"kind":"organization","name":"Stilwell Activist Fund, L.P.","position":4,"cik":"0001564452","reported_name":"Stilwell Activist Fund, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23081,"kind":"organization","name":"Stilwell Value Partners VII, L.P.","position":5,"cik":"0001555931","reported_name":"Stilwell Value Partners VII, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23078,"kind":"organization","name":"Stilwell Associates, L.P.","position":6,"cik":"0000913960","reported_name":"Stilwell Associates, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"7.00% Subordinated Convertible Notes due 2031","published_at":"2026-10-03T01:07:04.000Z","date":"2026-09-30","kind":"sale","planned":false,"acquired":false,"price":2725865,"reported_value":801725,"ownership":{"direct":false,"nature":"See footnote"},"footnotes":[{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F8","text":"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 Common Stock at a conversion price of $4.84648 per share (5.158382 common shares for each $25.00 of principal amount of the Notes being converted)."},{"field":"price","element":"transactionPricePerShare","label":"F11","text":"The price reported in Column 8 is an aggregate purchase price. 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Joseph Stilwell disclaims beneficial ownership of all securities reported as owned indirectly except to the extent of his pecuniary interest therein."}],"derivative":{"exercise_price":4.85,"expiration_date":"2031-12-31","underlying":"Common Stock","underlying_shares":165424},"source":{"system":"sec-edgar","filing":"0001213900-26-106486","document":"ownership.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":8,"url":"https://www.sec.gov/Archives/edgar/data/913960/000121390026106486/ownership.xml","form_type":"4"}},{"id":4632998,"issuer":{"id":8666,"kind":"organization","name":"Wheeler Real Estate Investment Trust, Inc.","symbol":"WHLR"},"owners":[{"id":23076,"kind":"person","name":"Stilwell Joseph","position":1,"cik":"0001113303","reported_name":"Stilwell Joseph","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23077,"kind":"organization","name":"Stilwell Value LLC","position":2,"cik":"0001397076","reported_name":"Stilwell Value LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23080,"kind":"organization","name":"Stilwell Activist Investments, L.P.","position":3,"cik":"0001573720","reported_name":"Stilwell Activist Investments, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23079,"kind":"organization","name":"Stilwell Activist Fund, L.P.","position":4,"cik":"0001564452","reported_name":"Stilwell Activist Fund, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23081,"kind":"organization","name":"Stilwell Value Partners VII, L.P.","position":5,"cik":"0001555931","reported_name":"Stilwell Value Partners VII, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23078,"kind":"organization","name":"Stilwell Associates, L.P.","position":6,"cik":"0000913960","reported_name":"Stilwell Associates, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"7.00% Subordinated Convertible Notes due 2031","published_at":"2026-10-03T01:07:04.000Z","date":"2026-09-30","kind":"purchase","planned":false,"acquired":true,"price":1287410,"reported_value":378650,"ownership":{"direct":false,"nature":"See footnote"},"footnotes":[{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F8","text":"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 Common Stock at a conversion price of $4.84648 per share (5.158382 common shares for each $25.00 of principal amount of the Notes being converted)."},{"field":"price","element":"transactionPricePerShare","label":"F10","text":"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."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F8","text":"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 Common Stock at a conversion price of $4.84648 per share (5.158382 common shares for each $25.00 of principal amount of the Notes being converted)."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F8","text":"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 Common Stock at a conversion price of $4.84648 per share (5.158382 common shares for each $25.00 of principal amount of the Notes being converted)."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F9","text":"Interest on the Notes may be payable, at the Issuer's election, in cash, in shares of Series B Preferred Stock or in shares of Series D Preferred Stock, in each case as set forth in the Notes."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"These securities are owned directly by Stilwell Activist Investments, L.P. (\"SAI\") and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Stilwell Value LLC (\"Value\"), which is the general partner of SAI. Joseph Stilwell disclaims beneficial ownership of all securities reported as owned indirectly except to the extent of his pecuniary interest therein."}],"derivative":{"exercise_price":4.85,"expiration_date":"2031-12-31","underlying":"Common Stock","underlying_shares":78128},"source":{"system":"sec-edgar","filing":"0001213900-26-106486","document":"ownership.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":6,"url":"https://www.sec.gov/Archives/edgar/data/913960/000121390026106486/ownership.xml","form_type":"4"}},{"id":4632997,"issuer":{"id":8666,"kind":"organization","name":"Wheeler Real Estate Investment Trust, Inc.","symbol":"WHLR"},"owners":[{"id":23076,"kind":"person","name":"Stilwell Joseph","position":1,"cik":"0001113303","reported_name":"Stilwell Joseph","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23077,"kind":"organization","name":"Stilwell Value LLC","position":2,"cik":"0001397076","reported_name":"Stilwell Value LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23080,"kind":"organization","name":"Stilwell Activist Investments, L.P.","position":3,"cik":"0001573720","reported_name":"Stilwell Activist Investments, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23079,"kind":"organization","name":"Stilwell Activist Fund, L.P.","position":4,"cik":"0001564452","reported_name":"Stilwell Activist Fund, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23081,"kind":"organization","name":"Stilwell Value Partners VII, L.P.","position":5,"cik":"0001555931","reported_name":"Stilwell Value Partners VII, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23078,"kind":"organization","name":"Stilwell Associates, L.P.","position":6,"cik":"0000913960","reported_name":"Stilwell Associates, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Common Stock","published_at":"2026-10-03T01:07:04.000Z","date":"2026-09-30","kind":"grant","planned":false,"acquired":true,"shares":19685,"ownership":{"direct":false,"nature":"See footnote"},"footnotes":[{"field":"shares","element":"transactionShares","label":"F7","text":"On September 30, 2026, the Issuer agreed to issue to SAF 19,685 shares of Common Stock in exchange for 3,903 shares of Series B Preferred Stock and 899 shares of Series D Preferred Stock held by SAF (the \"Third SAF Exchange\"). The Issuer did not receive any cash proceeds in the Third SAF Exchange."},{"field":"price","element":"transactionPricePerShare","label":"F7","text":"On September 30, 2026, the Issuer agreed to issue to SAF 19,685 shares of Common Stock in exchange for 3,903 shares of Series B Preferred Stock and 899 shares of Series D Preferred Stock held by SAF (the \"Third SAF Exchange\"). The Issuer did not receive any cash proceeds in the Third SAF Exchange."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"These securities are owned directly by Stilwell Activist Fund, L.P. (\"SAF\") and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SAF. Joseph Stilwell disclaims beneficial ownership of all securities reported as owned indirectly except to the extent of his pecuniary interest therein."}],"balance_after":80969,"source":{"system":"sec-edgar","filing":"0001213900-26-106486","document":"ownership.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":3,"url":"https://www.sec.gov/Archives/edgar/data/913960/000121390026106486/ownership.xml","form_type":"4"}},{"id":4632996,"issuer":{"id":8666,"kind":"organization","name":"Wheeler Real Estate Investment Trust, Inc.","symbol":"WHLR"},"owners":[{"id":23076,"kind":"person","name":"Stilwell Joseph","position":1,"cik":"0001113303","reported_name":"Stilwell Joseph","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23077,"kind":"organization","name":"Stilwell Value LLC","position":2,"cik":"0001397076","reported_name":"Stilwell Value LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23080,"kind":"organization","name":"Stilwell Activist Investments, L.P.","position":3,"cik":"0001573720","reported_name":"Stilwell Activist Investments, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23079,"kind":"organization","name":"Stilwell Activist Fund, L.P.","position":4,"cik":"0001564452","reported_name":"Stilwell Activist Fund, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23081,"kind":"organization","name":"Stilwell Value Partners VII, L.P.","position":5,"cik":"0001555931","reported_name":"Stilwell Value Partners VII, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23078,"kind":"organization","name":"Stilwell Associates, L.P.","position":6,"cik":"0000913960","reported_name":"Stilwell Associates, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Common Stock","published_at":"2026-10-03T01:07:04.000Z","date":"2026-09-30","kind":"sale","planned":false,"acquired":false,"shares":5,"price":3.03,"value":15.15,"ownership":{"direct":false,"nature":"See footnote"},"footnotes":[{"field":"shares","element":"transactionShares","label":"F6","text":"This Form 4 reports the sale by SAI on September 30, 2026 of 5 shares of Common Stock at $3.03 per share."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"These securities are owned directly by Stilwell Activist Investments, L.P. (\"SAI\") and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Stilwell Value LLC (\"Value\"), which is the general partner of SAI. Joseph Stilwell disclaims beneficial ownership of all securities reported as owned indirectly except to the extent of his pecuniary interest therein."}],"balance_after":584573,"source":{"system":"sec-edgar","filing":"0001213900-26-106486","document":"ownership.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/913960/000121390026106486/ownership.xml","form_type":"4"}},{"id":4632995,"issuer":{"id":8666,"kind":"organization","name":"Wheeler Real Estate Investment Trust, Inc.","symbol":"WHLR"},"owners":[{"id":23076,"kind":"person","name":"Stilwell Joseph","position":1,"cik":"0001113303","reported_name":"Stilwell Joseph","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23077,"kind":"organization","name":"Stilwell Value LLC","position":2,"cik":"0001397076","reported_name":"Stilwell Value LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23080,"kind":"organization","name":"Stilwell Activist Investments, L.P.","position":3,"cik":"0001573720","reported_name":"Stilwell Activist Investments, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23079,"kind":"organization","name":"Stilwell Activist Fund, L.P.","position":4,"cik":"0001564452","reported_name":"Stilwell Activist Fund, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23081,"kind":"organization","name":"Stilwell Value Partners VII, L.P.","position":5,"cik":"0001555931","reported_name":"Stilwell Value Partners VII, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23078,"kind":"organization","name":"Stilwell Associates, L.P.","position":6,"cik":"0000913960","reported_name":"Stilwell Associates, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Common Stock","published_at":"2026-10-03T01:07:04.000Z","date":"2026-09-30","kind":"grant","planned":false,"acquired":true,"shares":142015,"ownership":{"direct":false,"nature":"See footnote"},"footnotes":[{"field":"shares","element":"transactionShares","label":"F5","text":"On September 30, 2026, the Issuer agreed to issue to SAI 142,015 shares of the Issuer's common stock (\"Common Stock\") in exchange for 26,897 shares of the Issuer's Series B Preferred Stock (\"Series B Preferred Stock\") and 6,801 shares of the Issuer's Series D Cumulative Convertible Preferred Stock (\"Series D Preferred Stock\") held by SAI (the \"Third SAI Exchange\"). The Issuer did not receive any cash proceeds in the Third SAI Exchange."},{"field":"price","element":"transactionPricePerShare","label":"F5","text":"On September 30, 2026, the Issuer agreed to issue to SAI 142,015 shares of the Issuer's common stock (\"Common Stock\") in exchange for 26,897 shares of the Issuer's Series B Preferred Stock (\"Series B Preferred Stock\") and 6,801 shares of the Issuer's Series D Cumulative Convertible Preferred Stock (\"Series D Preferred Stock\") held by SAI (the \"Third SAI Exchange\"). The Issuer did not receive any cash proceeds in the Third SAI Exchange."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"These securities are owned directly by Stilwell Activist Investments, L.P. (\"SAI\") and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Stilwell Value LLC (\"Value\"), which is the general partner of SAI. Joseph Stilwell disclaims beneficial ownership of all securities reported as owned indirectly except to the extent of his pecuniary interest therein."}],"balance_after":584578,"source":{"system":"sec-edgar","filing":"0001213900-26-106486","document":"ownership.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/913960/000121390026106486/ownership.xml","form_type":"4"}},{"id":4635245,"issuer":{"id":8666,"kind":"organization","name":"Wheeler Real Estate Investment Trust, Inc.","symbol":"WHLR"},"owners":[{"id":32671,"kind":"person","name":"Hannon Gregory Paul","position":1,"cik":"0001538186","reported_name":"Hannon Gregory Paul","relationship":{"director":true,"officer":false,"ten_percent_owner":false,"other":false}}],"security":"7.00% Subordinated Convertible Notes due 2031","published_at":"2026-10-02T02:01:02.000Z","date":"2026-09-30","kind":"purchase","planned":false,"acquired":true,"price":425000,"reported_value":125000,"ownership":{"direct":false,"nature":"By Oakmont Capital Inc."},"footnotes":[{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F3","text":"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)."},{"field":"price","element":"transactionPricePerShare","label":"F5","text":"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."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F3","text":"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)."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F3","text":"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)."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F4","text":"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."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"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."}],"derivative":{"exercise_price":4.85,"expiration_date":"2031-12-31","underlying":"Common Stock","underlying_shares":25791},"source":{"system":"sec-edgar","filing":"0001538186-26-000012","document":"wk-form4_1790892059.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1527541/000153818626000012/wk-form4_1790892059.xml","form_type":"4"}},{"id":4627201,"issuer":{"id":8666,"kind":"organization","name":"Wheeler Real Estate Investment Trust, Inc.","symbol":"WHLR"},"owners":[{"id":23076,"kind":"person","name":"Stilwell Joseph","position":1,"cik":"0001113303","reported_name":"Stilwell Joseph","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23077,"kind":"organization","name":"Stilwell Value LLC","position":2,"cik":"0001397076","reported_name":"Stilwell Value LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23080,"kind":"organization","name":"Stilwell Activist Investments, L.P.","position":3,"cik":"0001573720","reported_name":"Stilwell Activist Investments, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23079,"kind":"organization","name":"Stilwell Activist Fund, L.P.","position":4,"cik":"0001564452","reported_name":"Stilwell Activist Fund, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23081,"kind":"organization","name":"Stilwell Value Partners VII, L.P.","position":5,"cik":"0001555931","reported_name":"Stilwell Value Partners VII, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23078,"kind":"organization","name":"Stilwell Associates, L.P.","position":6,"cik":"0000913960","reported_name":"Stilwell Associates, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Series B Convertible Preferred Stock","published_at":"2026-09-25T22:48:06.000Z","date":"2026-09-23","kind":"disposition_to_issuer","planned":false,"acquired":false,"shares":3517,"ownership":{"direct":false,"nature":"See footnote"},"footnotes":[{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F18","text":"Each share of Series B Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.000000000001 shares of Common Stock (a conversion price of $2,612,736,000,000 per share of Common Stock). Series B Preferred Stock has no expiration date."},{"field":"shares","element":"transactionShares","label":"F22","text":"The preferred stock disposition was pursuant to the Second SAF Exchange."},{"field":"price","element":"transactionPricePerShare","label":"F22","text":"The preferred stock disposition was pursuant to the Second SAF Exchange."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F18","text":"Each share of Series B Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.000000000001 shares of Common Stock (a conversion price of $2,612,736,000,000 per share of Common Stock). Series B Preferred Stock has no expiration date."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F18","text":"Each share of Series B Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.000000000001 shares of Common Stock (a conversion price of $2,612,736,000,000 per share of Common Stock). Series B Preferred Stock has no expiration date."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F18","text":"Each share of Series B Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.000000000001 shares of Common Stock (a conversion price of $2,612,736,000,000 per share of Common Stock). Series B Preferred Stock has no expiration date."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"These securities are owned directly by Stilwell Activist Fund, L.P. 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Joseph Stilwell disclaims beneficial ownership of all securities reported as owned indirectly except to the extent of his pecuniary interest therein."}],"balance_after":65596,"derivative":{"underlying":"Common Stock","underlying_shares":0},"source":{"system":"sec-edgar","filing":"0001213900-26-103642","document":"ownership.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":20,"url":"https://www.sec.gov/Archives/edgar/data/1573720/000121390026103642/ownership.xml","form_type":"4"}},{"id":4627200,"issuer":{"id":8666,"kind":"organization","name":"Wheeler Real Estate Investment Trust, Inc.","symbol":"WHLR"},"owners":[{"id":23076,"kind":"person","name":"Stilwell Joseph","position":1,"cik":"0001113303","reported_name":"Stilwell Joseph","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23077,"kind":"organization","name":"Stilwell Value LLC","position":2,"cik":"0001397076","reported_name":"Stilwell Value LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23080,"kind":"organization","name":"Stilwell Activist Investments, L.P.","position":3,"cik":"0001573720","reported_name":"Stilwell Activist Investments, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23079,"kind":"organization","name":"Stilwell Activist Fund, L.P.","position":4,"cik":"0001564452","reported_name":"Stilwell Activist Fund, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23081,"kind":"organization","name":"Stilwell Value Partners VII, L.P.","position":5,"cik":"0001555931","reported_name":"Stilwell Value Partners VII, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23078,"kind":"organization","name":"Stilwell Associates, L.P.","position":6,"cik":"0000913960","reported_name":"Stilwell Associates, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Series B Convertible Preferred Stock","published_at":"2026-09-25T22:48:06.000Z","date":"2026-09-23","kind":"disposition_to_issuer","planned":false,"acquired":false,"shares":3270,"ownership":{"direct":false,"nature":"See footnote"},"footnotes":[{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F18","text":"Each share of Series B Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.000000000001 shares of Common Stock (a conversion price of $2,612,736,000,000 per share of Common Stock). Series B Preferred Stock has no expiration date."},{"field":"shares","element":"transactionShares","label":"F21","text":"The preferred stock disposition was pursuant to the First SAF Exchange."},{"field":"price","element":"transactionPricePerShare","label":"F21","text":"The preferred stock disposition was pursuant to the First SAF Exchange."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F18","text":"Each share of Series B Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.000000000001 shares of Common Stock (a conversion price of $2,612,736,000,000 per share of Common Stock). Series B Preferred Stock has no expiration date."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F18","text":"Each share of Series B Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.000000000001 shares of Common Stock (a conversion price of $2,612,736,000,000 per share of Common Stock). Series B Preferred Stock has no expiration date."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F18","text":"Each share of Series B Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.000000000001 shares of Common Stock (a conversion price of $2,612,736,000,000 per share of Common Stock). Series B Preferred Stock has no expiration date."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"These securities are owned directly by Stilwell Activist Fund, L.P. 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Series D Preferred Stock has no expiration date."},{"field":"shares","element":"transactionShares","label":"F7","text":"As disclosed in the Issuer's Form 8-K filed with the Securities and Exchange Commission on May 20, 2026, the Issuer determined that interest on the Notes payable on June 30, 2026, would be paid in the form of Series D Preferred Stock. On June 30, 2026, the Issuer issued shares of Series D Preferred Stock to the Reporting Person as payment of interest with respect to the Notes, in accordance with the terms thereof and of the Indenture among the Issuer and Wilmington Savings Fund Society, FSB, as Trustee, governing the terms of the Notes (the \"Indenture\")."},{"field":"price","element":"transactionPricePerShare","label":"F9","text":"In accordance with the terms of the Indenture, the number of shares of Series D Preferred Stock paid as interest on the Notes on June 30, 2026, was determined based on a per share value of $20.698249, calculated as the product of (x) the average of the per share volume-weighted average prices for Series D Preferred Stock for the 15 consecutive trading days ending on the third business day immediately preceding the interest payment date, and (y) 0.55."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F8","text":"Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.000000004 shares of the Issuer's common stock (a conversion price of $6,154,444,800 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F8","text":"Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.000000004 shares of the Issuer's common stock (a conversion price of $6,154,444,800 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F8","text":"Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.000000004 shares of the Issuer's common stock (a conversion price of $6,154,444,800 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F4","text":"These securities are owned directly by Stilwell Associates, L.P. (\"SA\") and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SA. Joseph Stilwell disclaims beneficial ownership of all securities reported as owned indirectly except to the extent of his pecuniary interest therein."}],"balance_after":3222,"derivative":{"exercise_price":6154444800,"underlying":"Common Stock","underlying_shares":0},"source":{"system":"sec-edgar","filing":"0001213900-26-074974","document":"ownership.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":13,"url":"https://www.sec.gov/Archives/edgar/data/913960/000121390026074974/ownership.xml","form_type":"4"}},{"id":719575,"issuer":{"id":8666,"kind":"organization","name":"Wheeler Real Estate Investment Trust, Inc.","symbol":"WHLR"},"owners":[{"id":23076,"kind":"person","name":"Stilwell Joseph","position":1,"cik":"0001113303","reported_name":"Stilwell Joseph","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23077,"kind":"organization","name":"Stilwell Value LLC","position":2,"cik":"0001397076","reported_name":"Stilwell Value LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23080,"kind":"organization","name":"Stilwell Activist Investments, L.P.","position":3,"cik":"0001573720","reported_name":"Stilwell Activist Investments, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23079,"kind":"organization","name":"Stilwell Activist Fund, L.P.","position":4,"cik":"0001564452","reported_name":"Stilwell Activist Fund, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23081,"kind":"organization","name":"Stilwell Value Partners VII, L.P.","position":5,"cik":"0001555931","reported_name":"Stilwell Value Partners VII, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23078,"kind":"organization","name":"Stilwell Associates, L.P.","position":6,"cik":"0000913960","reported_name":"Stilwell Associates, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Series D Cumulative Convertible Preferred Stock","published_at":"2026-07-02T20:14:26.000Z","date":"2026-06-30","kind":"sale","planned":false,"acquired":false,"shares":1103,"price":36,"value":39708.0,"ownership":{"direct":false,"nature":"See footnote"},"footnotes":[{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F8","text":"Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.000000004 shares of the Issuer's common stock (a conversion price of $6,154,444,800 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"shares","element":"transactionShares","label":"F10","text":"This Form 4 reports the sale by SVP VII on June 30, 2026 of 1,103 shares of Series D Preferred Stock at $36.00 per share."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F8","text":"Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.000000004 shares of the Issuer's common stock (a conversion price of $6,154,444,800 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F8","text":"Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.000000004 shares of the Issuer's common stock (a conversion price of $6,154,444,800 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F8","text":"Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.000000004 shares of the Issuer's common stock (a conversion price of $6,154,444,800 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"These securities are owned directly by Stilwell Value Partners VII, L.P. (\"SVP VII\") and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SVP VII. Joseph Stilwell disclaims beneficial ownership of all securities reported as owned indirectly except to the extent of his pecuniary interest therein."}],"balance_after":21148,"derivative":{"exercise_price":6154444800,"underlying":"Common Stock","underlying_shares":0},"source":{"system":"sec-edgar","filing":"0001213900-26-074974","document":"ownership.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":12,"url":"https://www.sec.gov/Archives/edgar/data/913960/000121390026074974/ownership.xml","form_type":"4"}},{"id":719574,"issuer":{"id":8666,"kind":"organization","name":"Wheeler Real Estate Investment Trust, Inc.","symbol":"WHLR"},"owners":[{"id":23076,"kind":"person","name":"Stilwell Joseph","position":1,"cik":"0001113303","reported_name":"Stilwell Joseph","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23077,"kind":"organization","name":"Stilwell Value LLC","position":2,"cik":"0001397076","reported_name":"Stilwell Value LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23080,"kind":"organization","name":"Stilwell Activist Investments, L.P.","position":3,"cik":"0001573720","reported_name":"Stilwell Activist Investments, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23079,"kind":"organization","name":"Stilwell Activist Fund, L.P.","position":4,"cik":"0001564452","reported_name":"Stilwell Activist Fund, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23081,"kind":"organization","name":"Stilwell Value Partners VII, L.P.","position":5,"cik":"0001555931","reported_name":"Stilwell Value Partners VII, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23078,"kind":"organization","name":"Stilwell Associates, L.P.","position":6,"cik":"0000913960","reported_name":"Stilwell Associates, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Series D Cumulative Convertible Preferred Stock","published_at":"2026-07-02T20:14:26.000Z","date":"2026-06-30","kind":"other","planned":false,"acquired":true,"shares":3152,"ownership":{"direct":false,"nature":"See footnote"},"footnotes":[{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F8","text":"Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.000000004 shares of the Issuer's common stock (a conversion price of $6,154,444,800 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"shares","element":"transactionShares","label":"F7","text":"As disclosed in the Issuer's Form 8-K filed with the Securities and Exchange Commission on May 20, 2026, the Issuer determined that interest on the Notes payable on June 30, 2026, would be paid in the form of Series D Preferred Stock. On June 30, 2026, the Issuer issued shares of Series D Preferred Stock to the Reporting Person as payment of interest with respect to the Notes, in accordance with the terms thereof and of the Indenture among the Issuer and Wilmington Savings Fund Society, FSB, as Trustee, governing the terms of the Notes (the \"Indenture\")."},{"field":"price","element":"transactionPricePerShare","label":"F9","text":"In accordance with the terms of the Indenture, the number of shares of Series D Preferred Stock paid as interest on the Notes on June 30, 2026, was determined based on a per share value of $20.698249, calculated as the product of (x) the average of the per share volume-weighted average prices for Series D Preferred Stock for the 15 consecutive trading days ending on the third business day immediately preceding the interest payment date, and (y) 0.55."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F8","text":"Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.000000004 shares of the Issuer's common stock (a conversion price of $6,154,444,800 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F8","text":"Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.000000004 shares of the Issuer's common stock (a conversion price of $6,154,444,800 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F8","text":"Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.000000004 shares of the Issuer's common stock (a conversion price of $6,154,444,800 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"These securities are owned directly by Stilwell Value Partners VII, L.P. (\"SVP VII\") and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SVP VII. Joseph Stilwell disclaims beneficial ownership of all securities reported as owned indirectly except to the extent of his pecuniary interest therein."}],"balance_after":22251,"derivative":{"exercise_price":6154444800,"underlying":"Common Stock","underlying_shares":0},"source":{"system":"sec-edgar","filing":"0001213900-26-074974","document":"ownership.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":11,"url":"https://www.sec.gov/Archives/edgar/data/913960/000121390026074974/ownership.xml","form_type":"4"}},{"id":719573,"issuer":{"id":8666,"kind":"organization","name":"Wheeler Real Estate Investment Trust, Inc.","symbol":"WHLR"},"owners":[{"id":23076,"kind":"person","name":"Stilwell Joseph","position":1,"cik":"0001113303","reported_name":"Stilwell Joseph","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23077,"kind":"organization","name":"Stilwell Value LLC","position":2,"cik":"0001397076","reported_name":"Stilwell Value LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23080,"kind":"organization","name":"Stilwell Activist Investments, L.P.","position":3,"cik":"0001573720","reported_name":"Stilwell Activist Investments, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23079,"kind":"organization","name":"Stilwell Activist Fund, L.P.","position":4,"cik":"0001564452","reported_name":"Stilwell Activist Fund, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23081,"kind":"organization","name":"Stilwell Value Partners VII, L.P.","position":5,"cik":"0001555931","reported_name":"Stilwell Value Partners VII, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23078,"kind":"organization","name":"Stilwell Associates, L.P.","position":6,"cik":"0000913960","reported_name":"Stilwell Associates, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Series D Cumulative Convertible Preferred Stock","published_at":"2026-07-02T20:14:26.000Z","date":"2026-06-30","kind":"other","planned":false,"acquired":true,"shares":4235,"ownership":{"direct":false,"nature":"See footnote"},"footnotes":[{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F8","text":"Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.000000004 shares of the Issuer's common stock (a conversion price of $6,154,444,800 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"shares","element":"transactionShares","label":"F7","text":"As disclosed in the Issuer's Form 8-K filed with the Securities and Exchange Commission on May 20, 2026, the Issuer determined that interest on the Notes payable on June 30, 2026, would be paid in the form of Series D Preferred Stock. On June 30, 2026, the Issuer issued shares of Series D Preferred Stock to the Reporting Person as payment of interest with respect to the Notes, in accordance with the terms thereof and of the Indenture among the Issuer and Wilmington Savings Fund Society, FSB, as Trustee, governing the terms of the Notes (the \"Indenture\")."},{"field":"price","element":"transactionPricePerShare","label":"F9","text":"In accordance with the terms of the Indenture, the number of shares of Series D Preferred Stock paid as interest on the Notes on June 30, 2026, was determined based on a per share value of $20.698249, calculated as the product of (x) the average of the per share volume-weighted average prices for Series D Preferred Stock for the 15 consecutive trading days ending on the third business day immediately preceding the interest payment date, and (y) 0.55."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F8","text":"Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.000000004 shares of the Issuer's common stock (a conversion price of $6,154,444,800 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F8","text":"Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.000000004 shares of the Issuer's common stock (a conversion price of $6,154,444,800 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F8","text":"Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.000000004 shares of the Issuer's common stock (a conversion price of $6,154,444,800 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"These securities are owned directly by Stilwell Activist Fund, L.P. (\"SAF\") and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SAF. Joseph Stilwell disclaims beneficial ownership of all securities reported as owned indirectly except to the extent of his pecuniary interest therein."}],"balance_after":20033,"derivative":{"exercise_price":6154444800,"underlying":"Common Stock","underlying_shares":0},"source":{"system":"sec-edgar","filing":"0001213900-26-074974","document":"ownership.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":10,"url":"https://www.sec.gov/Archives/edgar/data/913960/000121390026074974/ownership.xml","form_type":"4"}},{"id":719572,"issuer":{"id":8666,"kind":"organization","name":"Wheeler Real Estate Investment Trust, Inc.","symbol":"WHLR"},"owners":[{"id":23076,"kind":"person","name":"Stilwell Joseph","position":1,"cik":"0001113303","reported_name":"Stilwell Joseph","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23077,"kind":"organization","name":"Stilwell Value LLC","position":2,"cik":"0001397076","reported_name":"Stilwell Value LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23080,"kind":"organization","name":"Stilwell Activist Investments, L.P.","position":3,"cik":"0001573720","reported_name":"Stilwell Activist Investments, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23079,"kind":"organization","name":"Stilwell Activist Fund, L.P.","position":4,"cik":"0001564452","reported_name":"Stilwell Activist Fund, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23081,"kind":"organization","name":"Stilwell Value Partners VII, L.P.","position":5,"cik":"0001555931","reported_name":"Stilwell Value Partners VII, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23078,"kind":"organization","name":"Stilwell Associates, L.P.","position":6,"cik":"0000913960","reported_name":"Stilwell Associates, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Series D Cumulative Convertible Preferred Stock","published_at":"2026-07-02T20:14:26.000Z","date":"2026-06-30","kind":"other","planned":false,"acquired":true,"shares":29011,"ownership":{"direct":false,"nature":"See footnote"},"footnotes":[{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F8","text":"Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.000000004 shares of the Issuer's common stock (a conversion price of $6,154,444,800 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"shares","element":"transactionShares","label":"F7","text":"As disclosed in the Issuer's Form 8-K filed with the Securities and Exchange Commission on May 20, 2026, the Issuer determined that interest on the Notes payable on June 30, 2026, would be paid in the form of Series D Preferred Stock. On June 30, 2026, the Issuer issued shares of Series D Preferred Stock to the Reporting Person as payment of interest with respect to the Notes, in accordance with the terms thereof and of the Indenture among the Issuer and Wilmington Savings Fund Society, FSB, as Trustee, governing the terms of the Notes (the \"Indenture\")."},{"field":"price","element":"transactionPricePerShare","label":"F9","text":"In accordance with the terms of the Indenture, the number of shares of Series D Preferred Stock paid as interest on the Notes on June 30, 2026, was determined based on a per share value of $20.698249, calculated as the product of (x) the average of the per share volume-weighted average prices for Series D Preferred Stock for the 15 consecutive trading days ending on the third business day immediately preceding the interest payment date, and (y) 0.55."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F8","text":"Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.000000004 shares of the Issuer's common stock (a conversion price of $6,154,444,800 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F8","text":"Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.000000004 shares of the Issuer's common stock (a conversion price of $6,154,444,800 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F8","text":"Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.000000004 shares of the Issuer's common stock (a conversion price of $6,154,444,800 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"These securities are owned directly by Stilwell Activist Investments, L.P. (\"SAI\") and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Stilwell Value LLC (\"Value\"), which is the general partner of SAI. Joseph Stilwell disclaims beneficial ownership of all securities reported as owned indirectly except to the extent of his pecuniary interest therein."}],"balance_after":137965,"derivative":{"exercise_price":6154444800,"underlying":"Common Stock","underlying_shares":0},"source":{"system":"sec-edgar","filing":"0001213900-26-074974","document":"ownership.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":9,"url":"https://www.sec.gov/Archives/edgar/data/913960/000121390026074974/ownership.xml","form_type":"4"}},{"id":717385,"issuer":{"id":8666,"kind":"organization","name":"Wheeler Real Estate Investment Trust, Inc.","symbol":"WHLR"},"owners":[{"id":202,"kind":"organization","name":"HRT FINANCIAL LP","position":1,"cik":"0001475597","reported_name":"HRT FINANCIAL LP","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Common Stock","published_at":"2026-07-02T18:13:07.000Z","date":"2026-07-01","kind":"purchase","planned":false,"acquired":true,"shares":14698,"price":1.14,"value":16755.72,"ownership":{"direct":true},"balance_after":82333,"source":{"system":"sec-edgar","filing":"0001475597-26-000135","document":"primary_doc.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1475597/000147559726000135/primary_doc.xml","form_type":"4"}},{"id":717384,"issuer":{"id":8666,"kind":"organization","name":"Wheeler Real Estate Investment Trust, Inc.","symbol":"WHLR"},"owners":[{"id":202,"kind":"organization","name":"HRT FINANCIAL LP","position":1,"cik":"0001475597","reported_name":"HRT FINANCIAL LP","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Common Stock","published_at":"2026-07-02T18:13:07.000Z","date":"2026-06-30","kind":"purchase","planned":false,"acquired":true,"shares":24997,"price":1.38,"value":34495.86,"ownership":{"direct":true},"balance_after":67635,"source":{"system":"sec-edgar","filing":"0001475597-26-000135","document":"primary_doc.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1475597/000147559726000135/primary_doc.xml","form_type":"4"}},{"id":717315,"issuer":{"id":8666,"kind":"organization","name":"Wheeler Real Estate Investment Trust, Inc.","symbol":"WHLR"},"owners":[{"id":32671,"kind":"person","name":"Hannon Gregory Paul","position":1,"cik":"0001538186","reported_name":"Hannon Gregory Paul","relationship":{"director":true,"officer":false,"ten_percent_owner":false,"other":false}}],"security":"Series D Cumulative Convertible Preferred Stock","published_at":"2026-07-02T12:13:04.000Z","date":"2026-06-30","kind":"other","planned":false,"acquired":true,"shares":528,"ownership":{"direct":false,"nature":"By Oakmont Capital Inc."},"footnotes":[{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F1","text":"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 0.000000004 shares of the Issuer's common stock (a conversion price of $6,154,444,800 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"shares","element":"transactionShares","label":"F2","text":"As disclosed in the Issuer's Form 8-K filed with the Securities and Exchange Commission on May 20, 2026, the Issuer determined that interest on the Issuer's 7.00% Subordinated Convertible Notes due 2031 (the \"Notes\") payable on June 30, 2026, would be paid in the form of Series D Preferred Stock. On June 30, 2026, the Issuer issued shares of the Series D Preferred Stock to the Reporting Person as payment of interest with respect to the Notes, in accordance with the terms thereof and of the Indenture among the Issuer and Wilmington Savings Fund Society, FSB, as Trustee, governing the terms of the Notes (the \"Indenture\")."},{"field":"price","element":"transactionPricePerShare","label":"F3","text":"In accordance with the terms of the Indenture, the number of shares of Series D Preferred Stock paid as interest on the Notes on June 30, 2026, was determined based on a per share value of $20.698249, calculated as the product of (x) the average of the per share volume-weighted average prices for Series D Preferred Stock for the 15 consecutive trading days ending on the third business day immediately preceding the interest payment date, and (y) 0.55."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F1","text":"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 0.000000004 shares of the Issuer's common stock (a conversion price of $6,154,444,800 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F1","text":"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 0.000000004 shares of the Issuer's common stock (a conversion price of $6,154,444,800 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F1","text":"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 0.000000004 shares of the Issuer's common stock (a conversion price of $6,154,444,800 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F4","text":"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."}],"balance_after":1054,"derivative":{"exercise_price":6154444800,"underlying":"Common Stock","underlying_shares":0},"source":{"system":"sec-edgar","filing":"0001538186-26-000009","document":"wk-form4_1782994382.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1527541/000153818626000009/wk-form4_1782994382.xml","form_type":"4"}},{"id":717314,"issuer":{"id":8666,"kind":"organization","name":"Wheeler Real Estate Investment Trust, Inc.","symbol":"WHLR"},"owners":[{"id":32670,"kind":"person","name":"Franklin Michael Andrew","position":1,"cik":"0001697904","reported_name":"Franklin Michael Andrew","relationship":{"director":false,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"CEO"}}],"security":"Series D Cumulative Convertible Preferred Stock","published_at":"2026-07-02T12:08:47.000Z","date":"2026-06-30","kind":"other","planned":false,"acquired":true,"shares":44,"ownership":{"direct":true},"footnotes":[{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F1","text":"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 0.000000004 shares of the Issuer's common stock (a conversion price of $6,154,444,800 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"shares","element":"transactionShares","label":"F2","text":"As disclosed in the Issuer's Form 8-K filed with the Securities and Exchange Commission on May 20, 2026, the Issuer determined that interest on the Issuer's 7.00% Subordinated Convertible Notes due 2031 (the \"Notes\") payable on June 30, 2026, would be paid in the form of Series D Preferred Stock. On June 30, 2026, the Issuer issued shares of the Series D Preferred Stock to the Reporting Person as payment of interest with respect to the Notes, in accordance with the terms thereof and of the Indenture among the Issuer and Wilmington Savings Fund Society, FSB, as Trustee, governing the terms of the Notes (the \"Indenture\")."},{"field":"price","element":"transactionPricePerShare","label":"F3","text":"In accordance with the terms of the Indenture, the number of shares of Series D Preferred Stock paid as interest on the Notes on June 30, 2026, was determined based on a per share value of $20.698249, calculated as the product of (x) the average of the per share volume-weighted average prices for Series D Preferred Stock for the 15 consecutive trading days ending on the third business day immediately preceding the interest payment date, and (y) 0.55."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F1","text":"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 0.000000004 shares of the Issuer's common stock (a conversion price of $6,154,444,800 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F1","text":"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 0.000000004 shares of the Issuer's common stock (a conversion price of $6,154,444,800 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F1","text":"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 0.000000004 shares of the Issuer's common stock (a conversion price of $6,154,444,800 per share of common stock). Series D Preferred Stock has no expiration date."}],"balance_after":88,"derivative":{"exercise_price":6154444800,"underlying":"Common Stock","underlying_shares":0},"source":{"system":"sec-edgar","filing":"0001697904-26-000004","document":"wk-form4_1782994124.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1527541/000169790426000004/wk-form4_1782994124.xml","form_type":"4"}},{"id":723230,"issuer":{"id":8666,"kind":"organization","name":"Wheeler Real Estate Investment Trust, Inc.","symbol":"WHLR"},"owners":[{"id":23076,"kind":"person","name":"Stilwell Joseph","position":1,"cik":"0001113303","reported_name":"Stilwell Joseph","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23077,"kind":"organization","name":"Stilwell Value LLC","position":2,"cik":"0001397076","reported_name":"Stilwell Value LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23080,"kind":"organization","name":"Stilwell Activist Investments, L.P.","position":3,"cik":"0001573720","reported_name":"Stilwell Activist Investments, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23079,"kind":"organization","name":"Stilwell Activist Fund, L.P.","position":4,"cik":"0001564452","reported_name":"Stilwell Activist Fund, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23081,"kind":"organization","name":"Stilwell Value Partners VII, L.P.","position":5,"cik":"0001555931","reported_name":"Stilwell Value Partners VII, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23078,"kind":"organization","name":"Stilwell Associates, L.P.","position":6,"cik":"0000913960","reported_name":"Stilwell Associates, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Series B Convertible Preferred Stock","published_at":"2026-06-30T18:41:02.000Z","date":"2026-06-26","kind":"sale","planned":false,"acquired":false,"shares":13895,"price":8.6423,"value":120084.7585,"ownership":{"direct":false,"nature":"See footnote"},"footnotes":[{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F9","text":"Each share of Series B Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.000000002 shares of the Issuer's common stock (a conversion price of $14,515,200,000 per share of common stock). Series B Preferred Stock has no expiration date."},{"field":"shares","element":"transactionShares","label":"F8","text":"This Form 4 reports the following sales of Series B Preferred Stock on June 26, 2026: (i) SAF sold 11,105 shares at $8.6423 per share, and (ii) SVP VII sold 13,895 shares at $8.6423 per share."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F9","text":"Each share of Series B Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.000000002 shares of the Issuer's common stock (a conversion price of $14,515,200,000 per share of common stock). Series B Preferred Stock has no expiration date."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F9","text":"Each share of Series B Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.000000002 shares of the Issuer's common stock (a conversion price of $14,515,200,000 per share of common stock). Series B Preferred Stock has no expiration date."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F9","text":"Each share of Series B Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.000000002 shares of the Issuer's common stock (a conversion price of $14,515,200,000 per share of common stock). Series B Preferred Stock has no expiration date."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"These securities are owned directly by Stilwell Value Partners VII, L.P. (\"SVP VII\") and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SVP VII. Joseph Stilwell disclaims beneficial ownership of all securities reported as owned indirectly except to the extent of his pecuniary interest therein."}],"balance_after":90565,"derivative":{"exercise_price":14515200000,"underlying":"Common Stock","underlying_shares":0},"source":{"system":"sec-edgar","filing":"0001213900-26-073610","document":"ownership.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":15,"url":"https://www.sec.gov/Archives/edgar/data/913960/000121390026073610/ownership.xml","form_type":"4"}},{"id":723229,"issuer":{"id":8666,"kind":"organization","name":"Wheeler Real Estate Investment Trust, Inc.","symbol":"WHLR"},"owners":[{"id":23076,"kind":"person","name":"Stilwell Joseph","position":1,"cik":"0001113303","reported_name":"Stilwell Joseph","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23077,"kind":"organization","name":"Stilwell Value LLC","position":2,"cik":"0001397076","reported_name":"Stilwell Value LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23080,"kind":"organization","name":"Stilwell Activist Investments, L.P.","position":3,"cik":"0001573720","reported_name":"Stilwell Activist Investments, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23079,"kind":"organization","name":"Stilwell Activist Fund, L.P.","position":4,"cik":"0001564452","reported_name":"Stilwell Activist Fund, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23081,"kind":"organization","name":"Stilwell Value Partners VII, L.P.","position":5,"cik":"0001555931","reported_name":"Stilwell Value Partners VII, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23078,"kind":"organization","name":"Stilwell Associates, L.P.","position":6,"cik":"0000913960","reported_name":"Stilwell Associates, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Series B Convertible Preferred Stock","published_at":"2026-06-30T18:41:02.000Z","date":"2026-06-26","kind":"sale","planned":false,"acquired":false,"shares":11105,"price":8.6423,"value":95972.7415,"ownership":{"direct":false,"nature":"See footnote"},"footnotes":[{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F9","text":"Each share of Series B Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.000000002 shares of the Issuer's common stock (a conversion price of $14,515,200,000 per share of common stock). Series B Preferred Stock has no expiration date."},{"field":"shares","element":"transactionShares","label":"F8","text":"This Form 4 reports the following sales of Series B Preferred Stock on June 26, 2026: (i) SAF sold 11,105 shares at $8.6423 per share, and (ii) SVP VII sold 13,895 shares at $8.6423 per share."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F9","text":"Each share of Series B Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.000000002 shares of the Issuer's common stock (a conversion price of $14,515,200,000 per share of common stock). Series B Preferred Stock has no expiration date."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F9","text":"Each share of Series B Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.000000002 shares of the Issuer's common stock (a conversion price of $14,515,200,000 per share of common stock). Series B Preferred Stock has no expiration date."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F9","text":"Each share of Series B Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.000000002 shares of the Issuer's common stock (a conversion price of $14,515,200,000 per share of common stock). Series B Preferred Stock has no expiration date."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"These securities are owned directly by Stilwell Activist Fund, L.P. (\"SAF\") and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SAF. Joseph Stilwell disclaims beneficial ownership of all securities reported as owned indirectly except to the extent of his pecuniary interest therein."}],"balance_after":72383,"derivative":{"exercise_price":14515200000,"underlying":"Common Stock","underlying_shares":0},"source":{"system":"sec-edgar","filing":"0001213900-26-073610","document":"ownership.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":14,"url":"https://www.sec.gov/Archives/edgar/data/913960/000121390026073610/ownership.xml","form_type":"4"}},{"id":744282,"issuer":{"id":8666,"kind":"organization","name":"Wheeler Real Estate Investment Trust, Inc.","symbol":"WHLR"},"owners":[{"id":32671,"kind":"person","name":"Hannon Gregory Paul","position":1,"cik":"0001538186","reported_name":"Hannon Gregory Paul","relationship":{"director":true,"officer":false,"ten_percent_owner":false,"other":false}}],"security":"7.00% Subordinated Convertible Notes due 2031","published_at":"2026-06-09T16:07:58.000Z","date":"2026-06-03","kind":"purchase","planned":false,"acquired":true,"price":412500,"reported_value":125000,"ownership":{"direct":false,"nature":"By Oakmont Capital Inc."},"footnotes":[{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F3","text":"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 $0.69 per share (approximately 36.09 shares of Common Stock for each $25.00 of principal amount of the Notes being converted)."},{"field":"price","element":"transactionPricePerShare","label":"F5","text":"The price reported in Column 8 is an aggregate purchase price. These Notes were purchased at a price of $82.50 per $25.00 of aggregate principal amount."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F3","text":"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 $0.69 per share (approximately 36.09 shares of Common Stock for each $25.00 of principal amount of the Notes being converted)."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F3","text":"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 $0.69 per share (approximately 36.09 shares of Common Stock for each $25.00 of principal amount of the Notes being converted)."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F4","text":"Interest on the Notes may be payable, at the Issuer's election, in cash, in shares of the Issuer's Series B Convertible Preferred Stock (\"Series B Preferred Stock\") or in shares of the Series D Preferred Stock, in each case as set forth in the Notes."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"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."}],"derivative":{"exercise_price":0.69,"expiration_date":"2031-12-31","underlying":"Common Stock","underlying_shares":180437},"source":{"system":"sec-edgar","filing":"0001538186-26-000006","document":"wk-form4_1781021275.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1527541/000153818626000006/wk-form4_1781021275.xml","form_type":"4"}},{"id":748705,"issuer":{"id":8666,"kind":"organization","name":"Wheeler Real Estate Investment Trust, Inc.","symbol":"WHLR"},"owners":[{"id":23076,"kind":"person","name":"Stilwell Joseph","position":1,"cik":"0001113303","reported_name":"Stilwell Joseph","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23077,"kind":"organization","name":"Stilwell Value LLC","position":2,"cik":"0001397076","reported_name":"Stilwell Value LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23080,"kind":"organization","name":"Stilwell Activist Investments, L.P.","position":3,"cik":"0001573720","reported_name":"Stilwell Activist Investments, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23079,"kind":"organization","name":"Stilwell Activist Fund, L.P.","position":4,"cik":"0001564452","reported_name":"Stilwell Activist Fund, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23081,"kind":"organization","name":"Stilwell Value Partners VII, L.P.","position":5,"cik":"0001555931","reported_name":"Stilwell Value Partners VII, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23078,"kind":"organization","name":"Stilwell Associates, L.P.","position":6,"cik":"0000913960","reported_name":"Stilwell Associates, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"7.00% Subordinated Convertible Notes due 2031","published_at":"2026-06-05T20:55:39.000Z","date":"2026-06-03","kind":"purchase","planned":false,"acquired":true,"price":2062492.5,"reported_value":625000,"ownership":{"direct":false,"nature":"See footnote"},"footnotes":[{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F5","text":"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 $1.026988 per share (24.343042 common shares for each $25.00 of principal amount of the Notes being converted)."},{"field":"price","element":"transactionPricePerShare","label":"F8","text":"The price reported in Column 8 is an aggregate purchase price. These Notes were purchased at a price of $82.4997 per $25.00 of aggregate principal amount."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F5","text":"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 $1.026988 per share (24.343042 common shares for each $25.00 of principal amount of the Notes being converted)."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F5","text":"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 $1.026988 per share (24.343042 common shares for each $25.00 of principal amount of the Notes being converted)."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F6","text":"Interest on the Notes may be payable, at the Issuer's election, in cash, in shares of the Issuer's Series B Convertible Preferred Stock (\"Series B Preferred Stock\") or in shares of the Issuer's Series D Cumulative Convertible Preferred Stock (\"Series D Preferred Stock\"), in each case as set forth in the Notes."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F4","text":"These securities are owned directly by Stilwell Associates, L.P. (\"SA\") and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SA. Joseph Stilwell disclaims beneficial ownership of all securities reported as owned indirectly except to the extent of his pecuniary interest therein."}],"derivative":{"exercise_price":1.03,"expiration_date":"2031-12-31","underlying":"Common Stock","underlying_shares":608576},"source":{"system":"sec-edgar","filing":"0001213900-26-065877","document":"ownership.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":8,"url":"https://www.sec.gov/Archives/edgar/data/913960/000121390026065877/ownership.xml","form_type":"4"}},{"id":748704,"issuer":{"id":8666,"kind":"organization","name":"Wheeler Real Estate Investment Trust, Inc.","symbol":"WHLR"},"owners":[{"id":23076,"kind":"person","name":"Stilwell Joseph","position":1,"cik":"0001113303","reported_name":"Stilwell Joseph","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23077,"kind":"organization","name":"Stilwell Value LLC","position":2,"cik":"0001397076","reported_name":"Stilwell Value LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23080,"kind":"organization","name":"Stilwell Activist Investments, L.P.","position":3,"cik":"0001573720","reported_name":"Stilwell Activist Investments, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23079,"kind":"organization","name":"Stilwell Activist Fund, L.P.","position":4,"cik":"0001564452","reported_name":"Stilwell Activist Fund, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23081,"kind":"organization","name":"Stilwell Value Partners VII, L.P.","position":5,"cik":"0001555931","reported_name":"Stilwell Value Partners VII, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23078,"kind":"organization","name":"Stilwell Associates, L.P.","position":6,"cik":"0000913960","reported_name":"Stilwell Associates, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"7.00% Subordinated Convertible Notes due 2031","published_at":"2026-06-05T20:55:39.000Z","date":"2026-06-03","kind":"sale","planned":false,"acquired":false,"price":3506250,"reported_value":1062500,"ownership":{"direct":false,"nature":"See footnote"},"footnotes":[{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F5","text":"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 $1.026988 per share (24.343042 common shares for each $25.00 of principal amount of the Notes being converted)."},{"field":"price","element":"transactionPricePerShare","label":"F7","text":"The price reported in Column 8 is an aggregate purchase price. These Notes were sold at a price of $82.50 per $25.00 of aggregate principal amount."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F5","text":"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 $1.026988 per share (24.343042 common shares for each $25.00 of principal amount of the Notes being converted)."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F5","text":"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 $1.026988 per share (24.343042 common shares for each $25.00 of principal amount of the Notes being converted)."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F6","text":"Interest on the Notes may be payable, at the Issuer's election, in cash, in shares of the Issuer's Series B Convertible Preferred Stock (\"Series B Preferred Stock\") or in shares of the Issuer's Series D Cumulative Convertible Preferred Stock (\"Series D Preferred Stock\"), in each case as set forth in the Notes."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"These securities are owned directly by Stilwell Value Partners VII, L.P. (\"SVP VII\") and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SVP VII. Joseph Stilwell disclaims beneficial ownership of all securities reported as owned indirectly except to the extent of his pecuniary interest therein."}],"derivative":{"exercise_price":1.03,"expiration_date":"2031-12-31","underlying":"Common Stock","underlying_shares":1034579},"source":{"system":"sec-edgar","filing":"0001213900-26-065877","document":"ownership.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":7,"url":"https://www.sec.gov/Archives/edgar/data/913960/000121390026065877/ownership.xml","form_type":"4"}},{"id":806935,"issuer":{"id":8666,"kind":"organization","name":"Wheeler Real Estate Investment Trust, Inc.","symbol":"WHLR"},"owners":[{"id":22169,"kind":"organization","name":"Magnetar Financial LLC","position":1,"cik":"0001352851","reported_name":"Magnetar Financial LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22170,"kind":"organization","name":"Magnetar Capital Partners LP","position":2,"cik":"0001353085","reported_name":"Magnetar Capital Partners LP","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22171,"kind":"organization","name":"Supernova Management LLC","position":3,"cik":"0001368026","reported_name":"Supernova Management LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22172,"kind":"person","name":"Snyderman David J.","position":4,"cik":"0001953511","reported_name":"Snyderman David J.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Common Stock","published_at":"2026-04-16T19:12:14.000Z","date":"2026-04-15","kind":"sale","planned":false,"acquired":false,"shares":3127,"price":0.7958,"value":2488.4666,"ownership":{"direct":false,"nature":"See Footnotes"},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F4","text":"The price reported in Column 4 is a weighted average price. These securities were sold in multiple transactions at prices ranging from $0.78 - $0.80, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"Magnetar Financial LLC serves as (i) the investment manager to Magnetar Longhorn Fund LP, a Delaware limited partnership, Purpose Alternative Credit Fund - F LLC, a Delaware limited liability company, and Purpose Alternative Credit Fund - T LLC, a Delaware limited liability company, (ii) general partner of Magnetar Structured Credit Fund, LP, a Delaware limited partnership, and (iii) manager of Magnetar Lake Credit Fund LLC, a Delaware limited liability company (together with all of the vehicles in the foregoing clauses (i) and (ii), the \"Magnetar Vehicles\"), each of which holds a portion of the indicated securities. In such capacities, Magnetar Financial LLC exercises voting and investment power over the Common Stock acquired upon exercise of the Warrants by the Magnetar Vehicles."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"Magnetar Capital Partners LP (\"Magnetar Capital Partners\"), a Delaware limited partnership, is the sole member and parent holding company of Magnetar Financial LLC. Supernova Management LLC (\"Supernova Management\"), a Delaware limited liability company, is the general partner of Magnetar Capital Partners. The current administrative manager of Supernova Management is David J. Snyderman, a citizen of the United States of America."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"Each of the Magnetar Vehicles, Magnetar Financial LLC, Magnetar Capital Partners, Supernova Management and David J. Snyderman disclaims beneficial ownership of these shares of Common Stock of the Issuer, except to the extent of its or his pecuniary interest therein."}],"balance_after":0,"source":{"system":"sec-edgar","filing":"0001104659-26-044265","document":"tm2612018-1_4seq1.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1352851/000110465926044265/tm2612018-1_4seq1.xml","form_type":"4"}},{"id":808724,"issuer":{"id":8666,"kind":"organization","name":"Wheeler Real Estate Investment Trust, Inc.","symbol":"WHLR"},"owners":[{"id":22169,"kind":"organization","name":"Magnetar Financial LLC","position":1,"cik":"0001352851","reported_name":"Magnetar Financial LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22170,"kind":"organization","name":"Magnetar Capital Partners LP","position":2,"cik":"0001353085","reported_name":"Magnetar Capital Partners LP","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22171,"kind":"organization","name":"Supernova Management LLC","position":3,"cik":"0001368026","reported_name":"Supernova Management LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22172,"kind":"person","name":"Snyderman David J.","position":4,"cik":"0001953511","reported_name":"Snyderman David J.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Common Stock","published_at":"2026-04-15T00:22:52.000Z","date":"2026-04-14","kind":"sale","planned":false,"acquired":false,"shares":4910,"price":0.7658,"value":3760.078,"ownership":{"direct":false,"nature":"See Footnotes"},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F6","text":"The price reported in Column 4 is a weighted average price. These securities were sold in multiple transactions at prices ranging from $0.75 - $0.78, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"Magnetar Financial LLC serves as (i) the investment manager to Magnetar Longhorn Fund LP, a Delaware limited partnership, Purpose Alternative Credit Fund - F LLC, a Delaware limited liability company, and Purpose Alternative Credit Fund - T LLC, a Delaware limited liability company, (ii) general partner of Magnetar Structured Credit Fund, LP, a Delaware limited partnership, and (iii) manager of Magnetar Lake Credit Fund LLC, a Delaware limited liability company (together with all of the vehicles in the foregoing clauses (i) and (ii), the \"Magnetar Vehicles\"), each of which holds a portion of the indicated securities. In such capacities, Magnetar Financial LLC exercises voting and investment power over the Common Stock acquired upon exercise of the Warrants by the Magnetar Vehicles."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"Magnetar Capital Partners LP (\"Magnetar Capital Partners\"), a Delaware limited partnership, is the sole member and parent holding company of Magnetar Financial LLC. Supernova Management LLC (\"Supernova Management\"), a Delaware limited liability company, is the general partner of Magnetar Capital Partners. The current administrative manager of Supernova Management is David J. Snyderman, a citizen of the United States of America."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"Each of the Magnetar Vehicles, Magnetar Financial LLC, Magnetar Capital Partners, Supernova Management and David J. Snyderman disclaims beneficial ownership of these shares of Common Stock of the Issuer, except to the extent of its or his pecuniary interest therein."}],"balance_after":3127,"source":{"system":"sec-edgar","filing":"0001104659-26-043384","document":"tm2611842-1_4seq1.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":3,"url":"https://www.sec.gov/Archives/edgar/data/1352851/000110465926043384/tm2611842-1_4seq1.xml","form_type":"4"}},{"id":808723,"issuer":{"id":8666,"kind":"organization","name":"Wheeler Real Estate Investment Trust, Inc.","symbol":"WHLR"},"owners":[{"id":22169,"kind":"organization","name":"Magnetar Financial LLC","position":1,"cik":"0001352851","reported_name":"Magnetar Financial LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22170,"kind":"organization","name":"Magnetar Capital Partners LP","position":2,"cik":"0001353085","reported_name":"Magnetar Capital Partners LP","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22171,"kind":"organization","name":"Supernova Management LLC","position":3,"cik":"0001368026","reported_name":"Supernova Management LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22172,"kind":"person","name":"Snyderman David J.","position":4,"cik":"0001953511","reported_name":"Snyderman David J.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Common Stock","published_at":"2026-04-15T00:22:52.000Z","date":"2026-04-13","kind":"sale","planned":false,"acquired":false,"shares":87177,"price":0.8559,"value":74614.7943,"ownership":{"direct":false,"nature":"See Footnotes"},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F5","text":"The price reported in Column 4 is a weighted average price. These securities were sold in multiple transactions at prices ranging from $0.83 - $1.02, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"Magnetar Financial LLC serves as (i) the investment manager to Magnetar Longhorn Fund LP, a Delaware limited partnership, Purpose Alternative Credit Fund - F LLC, a Delaware limited liability company, and Purpose Alternative Credit Fund - T LLC, a Delaware limited liability company, (ii) general partner of Magnetar Structured Credit Fund, LP, a Delaware limited partnership, and (iii) manager of Magnetar Lake Credit Fund LLC, a Delaware limited liability company (together with all of the vehicles in the foregoing clauses (i) and (ii), the \"Magnetar Vehicles\"), each of which holds a portion of the indicated securities. In such capacities, Magnetar Financial LLC exercises voting and investment power over the Common Stock acquired upon exercise of the Warrants by the Magnetar Vehicles."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"Magnetar Capital Partners LP (\"Magnetar Capital Partners\"), a Delaware limited partnership, is the sole member and parent holding company of Magnetar Financial LLC. Supernova Management LLC (\"Supernova Management\"), a Delaware limited liability company, is the general partner of Magnetar Capital Partners. The current administrative manager of Supernova Management is David J. Snyderman, a citizen of the United States of America."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"Each of the Magnetar Vehicles, Magnetar Financial LLC, Magnetar Capital Partners, Supernova Management and David J. Snyderman disclaims beneficial ownership of these shares of Common Stock of the Issuer, except to the extent of its or his pecuniary interest therein."}],"balance_after":8037,"source":{"system":"sec-edgar","filing":"0001104659-26-043384","document":"tm2611842-1_4seq1.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1352851/000110465926043384/tm2611842-1_4seq1.xml","form_type":"4"}},{"id":808722,"issuer":{"id":8666,"kind":"organization","name":"Wheeler Real Estate Investment Trust, Inc.","symbol":"WHLR"},"owners":[{"id":22169,"kind":"organization","name":"Magnetar Financial LLC","position":1,"cik":"0001352851","reported_name":"Magnetar Financial LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22170,"kind":"organization","name":"Magnetar Capital Partners LP","position":2,"cik":"0001353085","reported_name":"Magnetar Capital Partners LP","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22171,"kind":"organization","name":"Supernova Management LLC","position":3,"cik":"0001368026","reported_name":"Supernova Management LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22172,"kind":"person","name":"Snyderman David J.","position":4,"cik":"0001953511","reported_name":"Snyderman David J.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Common Stock","published_at":"2026-04-15T00:22:52.000Z","date":"2026-04-10","kind":"sale","planned":false,"acquired":false,"shares":1413,"price":0.8337,"value":1178.0181,"ownership":{"direct":false,"nature":"See Footnotes"},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F4","text":"The price reported in Column 4 is a weighted average price. These securities were sold in multiple transactions at prices ranging from $0.83 - $0.85, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"Magnetar Financial LLC serves as (i) the investment manager to Magnetar Longhorn Fund LP, a Delaware limited partnership, Purpose Alternative Credit Fund - F LLC, a Delaware limited liability company, and Purpose Alternative Credit Fund - T LLC, a Delaware limited liability company, (ii) general partner of Magnetar Structured Credit Fund, LP, a Delaware limited partnership, and (iii) manager of Magnetar Lake Credit Fund LLC, a Delaware limited liability company (together with all of the vehicles in the foregoing clauses (i) and (ii), the \"Magnetar Vehicles\"), each of which holds a portion of the indicated securities. In such capacities, Magnetar Financial LLC exercises voting and investment power over the Common Stock acquired upon exercise of the Warrants by the Magnetar Vehicles."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"Magnetar Capital Partners LP (\"Magnetar Capital Partners\"), a Delaware limited partnership, is the sole member and parent holding company of Magnetar Financial LLC. Supernova Management LLC (\"Supernova Management\"), a Delaware limited liability company, is the general partner of Magnetar Capital Partners. The current administrative manager of Supernova Management is David J. Snyderman, a citizen of the United States of America."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"Each of the Magnetar Vehicles, Magnetar Financial LLC, Magnetar Capital Partners, Supernova Management and David J. Snyderman disclaims beneficial ownership of these shares of Common Stock of the Issuer, except to the extent of its or his pecuniary interest therein."}],"balance_after":95214,"source":{"system":"sec-edgar","filing":"0001104659-26-043384","document":"tm2611842-1_4seq1.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1352851/000110465926043384/tm2611842-1_4seq1.xml","form_type":"4"}},{"id":811396,"issuer":{"id":8666,"kind":"organization","name":"Wheeler Real Estate Investment Trust, Inc.","symbol":"WHLR"},"owners":[{"id":22169,"kind":"organization","name":"Magnetar Financial LLC","position":1,"cik":"0001352851","reported_name":"Magnetar Financial LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22170,"kind":"organization","name":"Magnetar Capital Partners LP","position":2,"cik":"0001353085","reported_name":"Magnetar Capital Partners LP","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22171,"kind":"organization","name":"Supernova Management LLC","position":3,"cik":"0001368026","reported_name":"Supernova Management LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22172,"kind":"person","name":"Snyderman David J.","position":4,"cik":"0001953511","reported_name":"Snyderman David J.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Common Stock","published_at":"2026-04-09T23:44:55.000Z","date":"2026-04-09","kind":"sale","planned":false,"acquired":false,"shares":12346,"price":0.8279,"value":10221.2534,"ownership":{"direct":false,"nature":"See Footnotes"},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F6","text":"The price reported in Column 4 is a weighted average price. These securities were sold in multiple transactions at prices ranging from $0.82 - $0.83, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"Magnetar Financial LLC serves as (i) the investment manager to Magnetar Longhorn Fund LP, a Delaware limited partnership, Purpose Alternative Credit Fund - F LLC, a Delaware limited liability company, and Purpose Alternative Credit Fund - T LLC, a Delaware limited liability company, (ii) general partner of Magnetar Structured Credit Fund, LP, a Delaware limited partnership, and (iii) manager of Magnetar Lake Credit Fund LLC, a Delaware limited liability company (together with all of the vehicles in the foregoing clauses (i) and (ii), the \"Magnetar Vehicles\"), each of which holds a portion of the indicated securities. In such capacities, Magnetar Financial LLC exercises voting and investment power over the Common Stock acquired upon exercise of the Warrants by the Magnetar Vehicles."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"Magnetar Capital Partners LP (\"Magnetar Capital Partners\"), a Delaware limited partnership, is the sole member and parent holding company of Magnetar Financial LLC. Supernova Management LLC (\"Supernova Management\"), a Delaware limited liability company, is the general partner of Magnetar Capital Partners. The current administrative manager of Supernova Management is David J. Snyderman, a citizen of the United States of America."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"Each of the Magnetar Vehicles, Magnetar Financial LLC, Magnetar Capital Partners, Supernova Management and David J. 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These securities were sold in multiple transactions at prices ranging from $0.84 - $0.88, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"Magnetar Financial LLC serves as (i) the investment manager to Magnetar Longhorn Fund LP, a Delaware limited partnership, Purpose Alternative Credit Fund - F LLC, a Delaware limited liability company, and Purpose Alternative Credit Fund - T LLC, a Delaware limited liability company, (ii) general partner of Magnetar Structured Credit Fund, LP, a Delaware limited partnership, and (iii) manager of Magnetar Lake Credit Fund LLC, a Delaware limited liability company (together with all of the vehicles in the foregoing clauses (i) and (ii), the \"Magnetar Vehicles\"), each of which holds a portion of the indicated securities. In such capacities, Magnetar Financial LLC exercises voting and investment power over the Common Stock acquired upon exercise of the Warrants by the Magnetar Vehicles."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"Magnetar Capital Partners LP (\"Magnetar Capital Partners\"), a Delaware limited partnership, is the sole member and parent holding company of Magnetar Financial LLC. Supernova Management LLC (\"Supernova Management\"), a Delaware limited liability company, is the general partner of Magnetar Capital Partners. The current administrative manager of Supernova Management is David J. Snyderman, a citizen of the United States of America."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"Each of the Magnetar Vehicles, Magnetar Financial LLC, Magnetar Capital Partners, Supernova Management and David J. 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These securities were sold in multiple transactions at prices ranging from $0.85 - $0.86, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"Magnetar Financial LLC serves as (i) the investment manager to Magnetar Longhorn Fund LP, a Delaware limited partnership, Purpose Alternative Credit Fund - F LLC, a Delaware limited liability company, and Purpose Alternative Credit Fund - T LLC, a Delaware limited liability company, (ii) general partner of Magnetar Structured Credit Fund, LP, a Delaware limited partnership, and (iii) manager of Magnetar Lake Credit Fund LLC, a Delaware limited liability company (together with all of the vehicles in the foregoing clauses (i) and (ii), the \"Magnetar Vehicles\"), each of which holds a portion of the indicated securities. In such capacities, Magnetar Financial LLC exercises voting and investment power over the Common Stock acquired upon exercise of the Warrants by the Magnetar Vehicles."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"Magnetar Capital Partners LP (\"Magnetar Capital Partners\"), a Delaware limited partnership, is the sole member and parent holding company of Magnetar Financial LLC. Supernova Management LLC (\"Supernova Management\"), a Delaware limited liability company, is the general partner of Magnetar Capital Partners. The current administrative manager of Supernova Management is David J. Snyderman, a citizen of the United States of America."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"Each of the Magnetar Vehicles, Magnetar Financial LLC, Magnetar Capital Partners, Supernova Management and David J. 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These securities were sold in multiple transactions at prices ranging from $0.92 - $0.94, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"Magnetar Financial LLC serves as (i) the investment manager to Magnetar Longhorn Fund LP, a Delaware limited partnership, Purpose Alternative Credit Fund - F LLC, a Delaware limited liability company, and Purpose Alternative Credit Fund - T LLC, a Delaware limited liability company, (ii) general partner of Magnetar Structured Credit Fund, LP, a Delaware limited partnership, and (iii) manager of Magnetar Lake Credit Fund LLC, a Delaware limited liability company (together with all of the vehicles in the foregoing clauses (i) and (ii), the \"Magnetar Vehicles\"), each of which holds a portion of the indicated securities. In such capacities, Magnetar Financial LLC exercises voting and investment power over the Common Stock acquired upon exercise of the Warrants by the Magnetar Vehicles."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"Magnetar Capital Partners LP (\"Magnetar Capital Partners\"), a Delaware limited partnership, is the sole member and parent holding company of Magnetar Financial LLC. Supernova Management LLC (\"Supernova Management\"), a Delaware limited liability company, is the general partner of Magnetar Capital Partners. The current administrative manager of Supernova Management is David J. Snyderman, a citizen of the United States of America."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"Each of the Magnetar Vehicles, Magnetar Financial LLC, Magnetar Capital Partners, Supernova Management and David J. 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These securities were sold in multiple transactions at prices ranging from $0.92 - $0.93, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"Magnetar Financial LLC serves as (i) the investment manager to Magnetar Longhorn Fund LP, a Delaware limited partnership, Purpose Alternative Credit Fund - F LLC, a Delaware limited liability company, and Purpose Alternative Credit Fund - T LLC, a Delaware limited liability company, (ii) general partner of Magnetar Structured Credit Fund, LP, a Delaware limited partnership, and (iii) manager of Magnetar Lake Credit Fund LLC, a Delaware limited liability company (together with all of the vehicles in the foregoing clauses (i) and (ii), the \"Magnetar Vehicles\"), each of which holds a portion of the indicated securities. In such capacities, Magnetar Financial LLC exercises voting and investment power over the Common Stock acquired upon exercise of the Warrants by the Magnetar Vehicles."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"Magnetar Capital Partners LP (\"Magnetar Capital Partners\"), a Delaware limited partnership, is the sole member and parent holding company of Magnetar Financial LLC. Supernova Management LLC (\"Supernova Management\"), a Delaware limited liability company, is the general partner of Magnetar Capital Partners. The current administrative manager of Supernova Management is David J. Snyderman, a citizen of the United States of America."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"Each of the Magnetar Vehicles, Magnetar Financial LLC, Magnetar Capital Partners, Supernova Management and David J. 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These securities were sold in multiple transactions at prices ranging from $0.94 - $0.95, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"Magnetar Financial LLC serves as (i) the investment manager to Magnetar Longhorn Fund LP, a Delaware limited partnership, Purpose Alternative Credit Fund - F LLC, a Delaware limited liability company, and Purpose Alternative Credit Fund - T LLC, a Delaware limited liability company, (ii) general partner of Magnetar Structured Credit Fund, LP, a Delaware limited partnership, and (iii) manager of Magnetar Lake Credit Fund LLC, a Delaware limited liability company (together with all of the vehicles in the foregoing clauses (i) and (ii), the \"Magnetar Vehicles\"), each of which holds a portion of the indicated securities. In such capacities, Magnetar Financial LLC exercises voting and investment power over the Common Stock acquired upon exercise of the Warrants by the Magnetar Vehicles."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"Magnetar Capital Partners LP (\"Magnetar Capital Partners\"), a Delaware limited partnership, is the sole member and parent holding company of Magnetar Financial LLC. Supernova Management LLC (\"Supernova Management\"), a Delaware limited liability company, is the general partner of Magnetar Capital Partners. The current administrative manager of Supernova Management is David J. Snyderman, a citizen of the United States of America."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"Each of the Magnetar Vehicles, Magnetar Financial LLC, Magnetar Capital Partners, Supernova Management and David J. 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These securities were sold in multiple transactions at prices ranging from $0.93 to $0.94, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"Magnetar Financial LLC serves as (i) the investment manager to Magnetar Longhorn Fund LP, a Delaware limited partnership, Purpose Alternative Credit Fund - F LLC, a Delaware limited liability company, and Purpose Alternative Credit Fund - T LLC, a Delaware limited liability company, (ii) general partner of Magnetar Structured Credit Fund, LP, a Delaware limited partnership, and (iii) manager of Magnetar Lake Credit Fund LLC, a Delaware limited liability company (together with all of the vehicles in the foregoing clauses (i) and (ii), the \"Magnetar Vehicles\"), each of which holds a portion of the indicated securities. In such capacities, Magnetar Financial LLC exercises voting and investment power over the Common Stock acquired upon exercise of the Warrants by the Magnetar Vehicles."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"Magnetar Capital Partners LP (\"Magnetar Capital Partners\"), a Delaware limited partnership, is the sole member and parent holding company of Magnetar Financial LLC. Supernova Management LLC (\"Supernova Management\"), a Delaware limited liability company, is the general partner of Magnetar Capital Partners. The current administrative manager of Supernova Management is David J. Snyderman, a citizen of the United States of America."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"Each of the Magnetar Vehicles, Magnetar Financial LLC, Magnetar Capital Partners, Supernova Management and David J. 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These securities were sold in multiple transactions at prices ranging from $0.94 to $1.05, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"Magnetar Financial LLC serves as (i) the investment manager to Magnetar Longhorn Fund LP, a Delaware limited partnership, Purpose Alternative Credit Fund - F LLC, a Delaware limited liability company, and Purpose Alternative Credit Fund - T LLC, a Delaware limited liability company, (ii) general partner of Magnetar Structured Credit Fund, LP, a Delaware limited partnership, and (iii) manager of Magnetar Lake Credit Fund LLC, a Delaware limited liability company (together with all of the vehicles in the foregoing clauses (i) and (ii), the \"Magnetar Vehicles\"), each of which holds a portion of the indicated securities. In such capacities, Magnetar Financial LLC exercises voting and investment power over the Common Stock acquired upon exercise of the Warrants by the Magnetar Vehicles."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"Magnetar Capital Partners LP (\"Magnetar Capital Partners\"), a Delaware limited partnership, is the sole member and parent holding company of Magnetar Financial LLC. Supernova Management LLC (\"Supernova Management\"), a Delaware limited liability company, is the general partner of Magnetar Capital Partners. The current administrative manager of Supernova Management is David J. Snyderman, a citizen of the United States of America."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"Each of the Magnetar Vehicles, Magnetar Financial LLC, Magnetar Capital Partners, Supernova Management and David J. 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These securities were sold in multiple transactions at prices ranging from $1.02 to $1.05, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"Magnetar Financial LLC serves as (i) the investment manager to Magnetar Longhorn Fund LP, a Delaware limited partnership, Purpose Alternative Credit Fund - F LLC, a Delaware limited liability company, and Purpose Alternative Credit Fund - T LLC, a Delaware limited liability company, (ii) general partner of Magnetar Structured Credit Fund, LP, a Delaware limited partnership, and (iii) manager of Magnetar Lake Credit Fund LLC, a Delaware limited liability company (together with all of the vehicles in the foregoing clauses (i) and (ii), the \"Magnetar Vehicles\"), each of which holds a portion of the indicated securities. In such capacities, Magnetar Financial LLC exercises voting and investment power over the Common Stock acquired upon exercise of the Warrants by the Magnetar Vehicles."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"Magnetar Capital Partners LP (\"Magnetar Capital Partners\"), a Delaware limited partnership, is the sole member and parent holding company of Magnetar Financial LLC. Supernova Management LLC (\"Supernova Management\"), a Delaware limited liability company, is the general partner of Magnetar Capital Partners. The current administrative manager of Supernova Management is David J. Snyderman, a citizen of the United States of America."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"Each of the Magnetar Vehicles, Magnetar Financial LLC, Magnetar Capital Partners, Supernova Management and David J. Snyderman disclaims beneficial ownership of these shares of Common Stock of the Issuer, except to the extent of its or his pecuniary interest therein."}],"balance_after":159550,"source":{"system":"sec-edgar","filing":"0001104659-26-038038","document":"tm2610808-1_4seq1.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1352851/000110465926038038/tm2610808-1_4seq1.xml","form_type":"4"}},{"id":827279,"issuer":{"id":8666,"kind":"organization","name":"Wheeler Real Estate Investment Trust, Inc.","symbol":"WHLR"},"owners":[{"id":22169,"kind":"organization","name":"Magnetar Financial LLC","position":1,"cik":"0001352851","reported_name":"Magnetar Financial LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22170,"kind":"organization","name":"Magnetar Capital Partners LP","position":2,"cik":"0001353085","reported_name":"Magnetar Capital Partners LP","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22171,"kind":"organization","name":"Supernova Management LLC","position":3,"cik":"0001368026","reported_name":"Supernova Management LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22172,"kind":"person","name":"Snyderman David J.","position":4,"cik":"0001953511","reported_name":"Snyderman David J.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Common Stock Purchase Warrant (right to buy)","published_at":"2026-03-26T22:48:23.000Z","date":"2026-03-24","kind":"other","planned":false,"acquired":false,"shares":172075,"price":0,"value":0.0,"ownership":{"direct":false,"nature":"See Footnotes"},"footnotes":[{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F3","text":"The Reporting Persons are subject to limitations (collectively, the \"Investor Excepted Holder Limits\") that prevent the Reporting Persons from beneficially owning more than (i) 19% in value of the aggregate of the outstanding shares of all classes of the Issuer's capital stock (as calculated under the definitions of \"Aggregate Stock Ownership Limit\" and \"Beneficial Ownership\" in the Issuer's Charter) or (ii) 45% (in value or number of shares, whichever is more restrictive) of the outstanding shares of the Common Stock (as calculated under the definitions of \"Aggregate Stock Ownership Limit\" and \"Beneficial Ownership\" in the Issuer's Charter). (cont. in footnote 4)"},{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F4","text":"(cont. from footnote 3) Until such time as the Investor Excepted Holder Limits terminate pursuant to Section 6.4 of the Excepted Holder Agreement dated February 19, 2026, between the Magnetar Vehicles (as defined below) and the Issuer, these limitations apply in place of the lower limitations that would otherwise apply pursuant to the Issuer's Charter."},{"field":"shares","element":"transactionShares","label":"F2","text":"Based on 1,433,983 shares of Common Stock outstanding on the exercise date (immediately prior to exercise) as reported to the Reporting Persons by the Issuer, the Warrants were exercisable for up to 172,075 shares of Common Stock. Following the exercise shown in Tables I and II above, the Warrants have been fully exercised and no Warrants remain outstanding."},{"field":"shares","element":"transactionShares","label":"F3","text":"The Reporting Persons are subject to limitations (collectively, the \"Investor Excepted Holder Limits\") that prevent the Reporting Persons from beneficially owning more than (i) 19% in value of the aggregate of the outstanding shares of all classes of the Issuer's capital stock (as calculated under the definitions of \"Aggregate Stock Ownership Limit\" and \"Beneficial Ownership\" in the Issuer's Charter) or (ii) 45% (in value or number of shares, whichever is more restrictive) of the outstanding shares of the Common Stock (as calculated under the definitions of \"Aggregate Stock Ownership Limit\" and \"Beneficial Ownership\" in the Issuer's Charter). (cont. in footnote 4)"},{"field":"shares","element":"transactionShares","label":"F4","text":"(cont. from footnote 3) Until such time as the Investor Excepted Holder Limits terminate pursuant to Section 6.4 of the Excepted Holder Agreement dated February 19, 2026, between the Magnetar Vehicles (as defined below) and the Issuer, these limitations apply in place of the lower limitations that would otherwise apply pursuant to the Issuer's Charter."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F1","text":"The Amended and Restated Common Stock Purchase Warrants (the \"Warrants\") were exercisable, in whole or in part, for up to an aggregate number of shares of the Issuer's common stock, par value $0.01 per share (the \"Common Stock\"), representing 12% of the Common Stock outstanding on the date of any exercise, subject to the Investor Excepted Holder Limits (as defined below). Pursuant to the terms of the Warrants, the original March 12, 2026 expiration date was extended until March 27, 2026, which represents one day for each day the registration statement on Form S-11 registering the resale of the shares of Common Stock issuable upon exercise of the Warrants was not effective following March 5, 2026."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F3","text":"The Reporting Persons are subject to limitations (collectively, the \"Investor Excepted Holder Limits\") that prevent the Reporting Persons from beneficially owning more than (i) 19% in value of the aggregate of the outstanding shares of all classes of the Issuer's capital stock (as calculated under the definitions of \"Aggregate Stock Ownership Limit\" and \"Beneficial Ownership\" in the Issuer's Charter) or (ii) 45% (in value or number of shares, whichever is more restrictive) of the outstanding shares of the Common Stock (as calculated under the definitions of \"Aggregate Stock Ownership Limit\" and \"Beneficial Ownership\" in the Issuer's Charter). (cont. in footnote 4)"},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F4","text":"(cont. from footnote 3) Until such time as the Investor Excepted Holder Limits terminate pursuant to Section 6.4 of the Excepted Holder Agreement dated February 19, 2026, between the Magnetar Vehicles (as defined below) and the Issuer, these limitations apply in place of the lower limitations that would otherwise apply pursuant to the Issuer's Charter."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F1","text":"The Amended and Restated Common Stock Purchase Warrants (the \"Warrants\") were exercisable, in whole or in part, for up to an aggregate number of shares of the Issuer's common stock, par value $0.01 per share (the \"Common Stock\"), representing 12% of the Common Stock outstanding on the date of any exercise, subject to the Investor Excepted Holder Limits (as defined below). Pursuant to the terms of the Warrants, the original March 12, 2026 expiration date was extended until March 27, 2026, which represents one day for each day the registration statement on Form S-11 registering the resale of the shares of Common Stock issuable upon exercise of the Warrants was not effective following March 5, 2026."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F2","text":"Based on 1,433,983 shares of Common Stock outstanding on the exercise date (immediately prior to exercise) as reported to the Reporting Persons by the Issuer, the Warrants were exercisable for up to 172,075 shares of Common Stock. Following the exercise shown in Tables I and II above, the Warrants have been fully exercised and no Warrants remain outstanding."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F3","text":"The Reporting Persons are subject to limitations (collectively, the \"Investor Excepted Holder Limits\") that prevent the Reporting Persons from beneficially owning more than (i) 19% in value of the aggregate of the outstanding shares of all classes of the Issuer's capital stock (as calculated under the definitions of \"Aggregate Stock Ownership Limit\" and \"Beneficial Ownership\" in the Issuer's Charter) or (ii) 45% (in value or number of shares, whichever is more restrictive) of the outstanding shares of the Common Stock (as calculated under the definitions of \"Aggregate Stock Ownership Limit\" and \"Beneficial Ownership\" in the Issuer's Charter). (cont. in footnote 4)"},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F4","text":"(cont. from footnote 3) Until such time as the Investor Excepted Holder Limits terminate pursuant to Section 6.4 of the Excepted Holder Agreement dated February 19, 2026, between the Magnetar Vehicles (as defined below) and the Issuer, these limitations apply in place of the lower limitations that would otherwise apply pursuant to the Issuer's Charter."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F2","text":"Based on 1,433,983 shares of Common Stock outstanding on the exercise date (immediately prior to exercise) as reported to the Reporting Persons by the Issuer, the Warrants were exercisable for up to 172,075 shares of Common Stock. Following the exercise shown in Tables I and II above, the Warrants have been fully exercised and no Warrants remain outstanding."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F5","text":"Magnetar Financial LLC serves as (i) the investment manager to Magnetar Longhorn Fund LP, a Delaware limited partnership, Purpose Alternative Credit Fund - F LLC, a Delaware limited liability company, and Purpose Alternative Credit Fund - T LLC, a Delaware limited liability company, (ii) general partner of Magnetar Structured Credit Fund, LP, a Delaware limited partnership, and (iii) manager of Magnetar Lake Credit Fund LLC, a Delaware limited liability company (together with all of the vehicles in the foregoing clauses (i) and (ii), the \"Magnetar Vehicles\"), each of which holds a portion of the indicated securities. In such capacities, Magnetar Financial LLC exercises voting and investment power over the Common Stock acquired upon exercise of the Warrants by the Magnetar Vehicles."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F6","text":"Magnetar Capital Partners LP (\"Magnetar Capital Partners\"), a Delaware limited partnership, is the sole member and parent holding company of Magnetar Financial LLC. Supernova Management LLC (\"Supernova Management\"), a Delaware limited liability company, is the general partner of Magnetar Capital Partners. The current administrative manager of Supernova Management is David J. Snyderman, a citizen of the United States of America."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F7","text":"David J. Snyderman disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein."}],"balance_after":0,"derivative":{"exercise_price":0.01,"underlying":"Common Stock, par value $0.01 per share","underlying_shares":172075},"source":{"system":"sec-edgar","filing":"0000905148-26-001444","document":"form4.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":3,"url":"https://www.sec.gov/Archives/edgar/data/1352851/000090514826001444/form4.xml","form_type":"4"}},{"id":827278,"issuer":{"id":8666,"kind":"organization","name":"Wheeler Real Estate Investment Trust, Inc.","symbol":"WHLR"},"owners":[{"id":22169,"kind":"organization","name":"Magnetar Financial LLC","position":1,"cik":"0001352851","reported_name":"Magnetar Financial LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22170,"kind":"organization","name":"Magnetar Capital Partners LP","position":2,"cik":"0001353085","reported_name":"Magnetar Capital Partners LP","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22171,"kind":"organization","name":"Supernova Management LLC","position":3,"cik":"0001368026","reported_name":"Supernova Management LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22172,"kind":"person","name":"Snyderman David J.","position":4,"cik":"0001953511","reported_name":"Snyderman David J.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Common Stock, par value $0.01 per share","published_at":"2026-03-26T22:48:23.000Z","date":"2026-03-26","kind":"sale","planned":false,"acquired":false,"shares":8840,"price":1.0964,"value":9692.176,"ownership":{"direct":false,"nature":"See Footnotes"},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F8","text":"The price reported in Column 4 is a weighted average price. These securities were sold in multiple transactions at prices ranging from $1.03496515101228 to $1.13401698777709, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F5","text":"Magnetar Financial LLC serves as (i) the investment manager to Magnetar Longhorn Fund LP, a Delaware limited partnership, Purpose Alternative Credit Fund - F LLC, a Delaware limited liability company, and Purpose Alternative Credit Fund - T LLC, a Delaware limited liability company, (ii) general partner of Magnetar Structured Credit Fund, LP, a Delaware limited partnership, and (iii) manager of Magnetar Lake Credit Fund LLC, a Delaware limited liability company (together with all of the vehicles in the foregoing clauses (i) and (ii), the \"Magnetar Vehicles\"), each of which holds a portion of the indicated securities. In such capacities, Magnetar Financial LLC exercises voting and investment power over the Common Stock acquired upon exercise of the Warrants by the Magnetar Vehicles."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F6","text":"Magnetar Capital Partners LP (\"Magnetar Capital Partners\"), a Delaware limited partnership, is the sole member and parent holding company of Magnetar Financial LLC. Supernova Management LLC (\"Supernova Management\"), a Delaware limited liability company, is the general partner of Magnetar Capital Partners. The current administrative manager of Supernova Management is David J. Snyderman, a citizen of the United States of America."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F7","text":"David J. Snyderman disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein."}],"balance_after":163235,"source":{"system":"sec-edgar","filing":"0000905148-26-001444","document":"form4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1352851/000090514826001444/form4.xml","form_type":"4"}},{"id":827277,"issuer":{"id":8666,"kind":"organization","name":"Wheeler Real Estate Investment Trust, Inc.","symbol":"WHLR"},"owners":[{"id":22169,"kind":"organization","name":"Magnetar Financial LLC","position":1,"cik":"0001352851","reported_name":"Magnetar Financial LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22170,"kind":"organization","name":"Magnetar Capital Partners LP","position":2,"cik":"0001353085","reported_name":"Magnetar Capital Partners LP","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22171,"kind":"organization","name":"Supernova Management LLC","position":3,"cik":"0001368026","reported_name":"Supernova Management LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22172,"kind":"person","name":"Snyderman David J.","position":4,"cik":"0001953511","reported_name":"Snyderman David J.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Common Stock, par value $0.01 per share","published_at":"2026-03-26T22:48:23.000Z","date":"2026-03-24","kind":"other","planned":false,"acquired":true,"shares":172075,"price":0.01,"value":1720.75,"ownership":{"direct":false,"nature":"See Footnotes"},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F3","text":"The Reporting Persons are subject to limitations (collectively, the \"Investor Excepted Holder Limits\") that prevent the Reporting Persons from beneficially owning more than (i) 19% in value of the aggregate of the outstanding shares of all classes of the Issuer's capital stock (as calculated under the definitions of \"Aggregate Stock Ownership Limit\" and \"Beneficial Ownership\" in the Issuer's Charter) or (ii) 45% (in value or number of shares, whichever is more restrictive) of the outstanding shares of the Common Stock (as calculated under the definitions of \"Aggregate Stock Ownership Limit\" and \"Beneficial Ownership\" in the Issuer's Charter). (cont. in footnote 4)"},{"field":"price","element":"transactionPricePerShare","label":"F4","text":"(cont. from footnote 3) Until such time as the Investor Excepted Holder Limits terminate pursuant to Section 6.4 of the Excepted Holder Agreement dated February 19, 2026, between the Magnetar Vehicles (as defined below) and the Issuer, these limitations apply in place of the lower limitations that would otherwise apply pursuant to the Issuer's Charter."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F5","text":"Magnetar Financial LLC serves as (i) the investment manager to Magnetar Longhorn Fund LP, a Delaware limited partnership, Purpose Alternative Credit Fund - F LLC, a Delaware limited liability company, and Purpose Alternative Credit Fund - T LLC, a Delaware limited liability company, (ii) general partner of Magnetar Structured Credit Fund, LP, a Delaware limited partnership, and (iii) manager of Magnetar Lake Credit Fund LLC, a Delaware limited liability company (together with all of the vehicles in the foregoing clauses (i) and (ii), the \"Magnetar Vehicles\"), each of which holds a portion of the indicated securities. In such capacities, Magnetar Financial LLC exercises voting and investment power over the Common Stock acquired upon exercise of the Warrants by the Magnetar Vehicles."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F6","text":"Magnetar Capital Partners LP (\"Magnetar Capital Partners\"), a Delaware limited partnership, is the sole member and parent holding company of Magnetar Financial LLC. Supernova Management LLC (\"Supernova Management\"), a Delaware limited liability company, is the general partner of Magnetar Capital Partners. The current administrative manager of Supernova Management is David J. Snyderman, a citizen of the United States of America."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F7","text":"David J. Snyderman disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein."}],"balance_after":172075,"source":{"system":"sec-edgar","filing":"0000905148-26-001444","document":"form4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1352851/000090514826001444/form4.xml","form_type":"4"}},{"id":832789,"issuer":{"id":8666,"kind":"organization","name":"Wheeler Real Estate Investment Trust, Inc.","symbol":"WHLR"},"owners":[{"id":23076,"kind":"person","name":"Stilwell Joseph","position":1,"cik":"0001113303","reported_name":"Stilwell Joseph","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23077,"kind":"organization","name":"Stilwell Value LLC","position":2,"cik":"0001397076","reported_name":"Stilwell Value LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23080,"kind":"organization","name":"Stilwell Activist Investments, L.P.","position":3,"cik":"0001573720","reported_name":"Stilwell Activist Investments, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23079,"kind":"organization","name":"Stilwell Activist Fund, L.P.","position":4,"cik":"0001564452","reported_name":"Stilwell Activist Fund, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23081,"kind":"organization","name":"Stilwell Value Partners VII, L.P.","position":5,"cik":"0001555931","reported_name":"Stilwell Value Partners VII, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23078,"kind":"organization","name":"Stilwell Associates, L.P.","position":6,"cik":"0000913960","reported_name":"Stilwell Associates, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Series B Convertible Preferred Stock","published_at":"2026-03-20T20:29:20.000Z","date":"2026-03-18","kind":"sale","planned":false,"acquired":false,"shares":12530,"price":6.9593,"value":87200.029,"ownership":{"direct":false,"nature":"See footnote"},"footnotes":[{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F9","text":"Each share of Series B Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.00000002 shares of the Issuer's common stock (a conversion price of $1,209,600,000 per share of common stock). Series B Preferred Stock has no expiration date."},{"field":"shares","element":"transactionShares","label":"F8","text":"This Form 4 reports the following sales of Series B Preferred Stock on March 18, 2026: (i) SAI sold 13,470 shares at $6.9593 per share, and (ii) SVP VII sold 12,530 shares at $6.9593 per share."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F9","text":"Each share of Series B Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.00000002 shares of the Issuer's common stock (a conversion price of $1,209,600,000 per share of common stock). Series B Preferred Stock has no expiration date."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F9","text":"Each share of Series B Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.00000002 shares of the Issuer's common stock (a conversion price of $1,209,600,000 per share of common stock). Series B Preferred Stock has no expiration date."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F9","text":"Each share of Series B Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.00000002 shares of the Issuer's common stock (a conversion price of $1,209,600,000 per share of common stock). Series B Preferred Stock has no expiration date."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"These securities are owned directly by Stilwell Value Partners VII, L.P. (\"SVP VII\") and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SVP VII. Joseph Stilwell disclaims beneficial ownership of all securities reported as owned indirectly except to the extent of his pecuniary interest therein."}],"balance_after":104460,"derivative":{"exercise_price":1209600000,"underlying":"Common Stock","underlying_shares":0},"source":{"system":"sec-edgar","filing":"0001213900-26-032376","document":"ownership.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":15,"url":"https://www.sec.gov/Archives/edgar/data/913960/000121390026032376/ownership.xml","form_type":"4"}},{"id":832788,"issuer":{"id":8666,"kind":"organization","name":"Wheeler Real Estate Investment Trust, Inc.","symbol":"WHLR"},"owners":[{"id":23076,"kind":"person","name":"Stilwell Joseph","position":1,"cik":"0001113303","reported_name":"Stilwell Joseph","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23077,"kind":"organization","name":"Stilwell Value LLC","position":2,"cik":"0001397076","reported_name":"Stilwell Value LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23080,"kind":"organization","name":"Stilwell Activist Investments, L.P.","position":3,"cik":"0001573720","reported_name":"Stilwell Activist Investments, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23079,"kind":"organization","name":"Stilwell Activist Fund, L.P.","position":4,"cik":"0001564452","reported_name":"Stilwell Activist Fund, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23081,"kind":"organization","name":"Stilwell Value Partners VII, L.P.","position":5,"cik":"0001555931","reported_name":"Stilwell Value Partners VII, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23078,"kind":"organization","name":"Stilwell Associates, L.P.","position":6,"cik":"0000913960","reported_name":"Stilwell Associates, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Series B Convertible Preferred Stock","published_at":"2026-03-20T20:29:20.000Z","date":"2026-03-18","kind":"sale","planned":false,"acquired":false,"shares":13470,"price":6.9593,"value":93741.771,"ownership":{"direct":false,"nature":"See footnote"},"footnotes":[{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F9","text":"Each share of Series B Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.00000002 shares of the Issuer's common stock (a conversion price of $1,209,600,000 per share of common stock). Series B Preferred Stock has no expiration date."},{"field":"shares","element":"transactionShares","label":"F8","text":"This Form 4 reports the following sales of Series B Preferred Stock on March 18, 2026: (i) SAI sold 13,470 shares at $6.9593 per share, and (ii) SVP VII sold 12,530 shares at $6.9593 per share."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F9","text":"Each share of Series B Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.00000002 shares of the Issuer's common stock (a conversion price of $1,209,600,000 per share of common stock). Series B Preferred Stock has no expiration date."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F9","text":"Each share of Series B Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.00000002 shares of the Issuer's common stock (a conversion price of $1,209,600,000 per share of common stock). Series B Preferred Stock has no expiration date."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F9","text":"Each share of Series B Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.00000002 shares of the Issuer's common stock (a conversion price of $1,209,600,000 per share of common stock). Series B Preferred Stock has no expiration date."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"These securities are owned directly by Stilwell Activist Investments, L.P. (\"SAI\") and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Stilwell Value LLC (\"Value\"), which is the general partner of SAI. Joseph Stilwell disclaims beneficial ownership of all securities reported as owned indirectly except to the extent of his pecuniary interest therein."}],"balance_after":547518,"derivative":{"exercise_price":1209600000,"underlying":"Common Stock","underlying_shares":0},"source":{"system":"sec-edgar","filing":"0001213900-26-032376","document":"ownership.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":13,"url":"https://www.sec.gov/Archives/edgar/data/913960/000121390026032376/ownership.xml","form_type":"4"}},{"id":848276,"issuer":{"id":8666,"kind":"organization","name":"Wheeler Real Estate Investment Trust, Inc.","symbol":"WHLR"},"owners":[{"id":61476,"kind":"person","name":"Campbell Kerry G.","position":1,"cik":"0001798184","reported_name":"Campbell Kerry G.","relationship":{"director":true,"officer":false,"ten_percent_owner":false,"other":false}}],"security":"Series D Cumulative Convertible Preferred Stock","published_at":"2026-03-11T11:31:29.000Z","date":"2026-03-10","kind":"sale","planned":false,"acquired":false,"shares":168,"price":37.5,"value":6300.0,"ownership":{"direct":true},"footnotes":[{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F1","text":"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 0.00000005 shares of the Issuer's common stock (a conversion price of $512,870,400 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F1","text":"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 0.00000005 shares of the Issuer's common stock (a conversion price of $512,870,400 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F1","text":"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 0.00000005 shares of the Issuer's common stock (a conversion price of $512,870,400 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F1","text":"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 0.00000005 shares of the Issuer's common stock (a conversion price of $512,870,400 per share of common stock). 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Series D Preferred Stock has no expiration date."},{"field":"shares","element":"transactionShares","label":"F7","text":"As disclosed in the Issuer's Form 8-K filed with the Securities and Exchange Commission on November 20, 2025, the Issuer determined that interest on the Notes payable on December 31, 2025, would be paid in the form of Series D Preferred Stock. On December 31, 2025, the Issuer issued shares of Series D Preferred Stock to the Reporting Person as payment of interest with respect to the Notes, in accordance with the terms thereof and of the Indenture among the Issuer and Wilmington Savings Fund Society, FSB, as Trustee, governing the terms of the Notes (the \"Indenture\")."},{"field":"price","element":"transactionPricePerShare","label":"F9","text":"In accordance with the terms of the Indenture, the number of shares of Series D Preferred Stock paid as interest on the Notes on December 31, 2025 was determined based on a per share value of $20.789285, calculated as the product of (x) the average of the per share volume-weighted average prices for Series D Preferred Stock for the 15 consecutive trading days ending on the third business day immediately preceding the interest payment date, and (y) 0.55."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F8","text":"Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.00000015 shares of the Issuer's common stock (a conversion price of $170,956,800 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F8","text":"Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.00000015 shares of the Issuer's common stock (a conversion price of $170,956,800 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F8","text":"Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.00000015 shares of the Issuer's common stock (a conversion price of $170,956,800 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F4","text":"These securities are owned directly by Stilwell Associates, L.P. (\"SA\") and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SA. Joseph Stilwell disclaims beneficial ownership of all securities reported as owned indirectly except to the extent of his pecuniary interest therein."}],"balance_after":2289,"derivative":{"exercise_price":170956800,"underlying":"Common Stock","underlying_shares":0},"source":{"system":"sec-edgar","filing":"0001213900-26-001079","document":"ownership.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":12,"url":"https://www.sec.gov/Archives/edgar/data/913960/000121390026001079/ownership.xml","form_type":"4"}},{"id":953472,"issuer":{"id":8666,"kind":"organization","name":"Wheeler Real Estate Investment Trust, Inc.","symbol":"WHLR"},"owners":[{"id":23076,"kind":"person","name":"Stilwell Joseph","position":1,"cik":"0001113303","reported_name":"Stilwell Joseph","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23077,"kind":"organization","name":"Stilwell Value LLC","position":2,"cik":"0001397076","reported_name":"Stilwell Value LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23080,"kind":"organization","name":"Stilwell Activist Investments, L.P.","position":3,"cik":"0001573720","reported_name":"Stilwell Activist Investments, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23079,"kind":"organization","name":"Stilwell Activist Fund, L.P.","position":4,"cik":"0001564452","reported_name":"Stilwell Activist Fund, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23081,"kind":"organization","name":"Stilwell Value Partners VII, L.P.","position":5,"cik":"0001555931","reported_name":"Stilwell Value Partners VII, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23078,"kind":"organization","name":"Stilwell Associates, L.P.","position":6,"cik":"0000913960","reported_name":"Stilwell Associates, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Series D Cumulative Convertible Preferred Stock","published_at":"2026-01-05T20:46:18.000Z","date":"2025-12-31","kind":"other","planned":false,"acquired":true,"shares":3138,"ownership":{"direct":false,"nature":"See footnote"},"footnotes":[{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F8","text":"Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.00000015 shares of the Issuer's common stock (a conversion price of $170,956,800 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"shares","element":"transactionShares","label":"F7","text":"As disclosed in the Issuer's Form 8-K filed with the Securities and Exchange Commission on November 20, 2025, the Issuer determined that interest on the Notes payable on December 31, 2025, would be paid in the form of Series D Preferred Stock. On December 31, 2025, the Issuer issued shares of Series D Preferred Stock to the Reporting Person as payment of interest with respect to the Notes, in accordance with the terms thereof and of the Indenture among the Issuer and Wilmington Savings Fund Society, FSB, as Trustee, governing the terms of the Notes (the \"Indenture\")."},{"field":"price","element":"transactionPricePerShare","label":"F9","text":"In accordance with the terms of the Indenture, the number of shares of Series D Preferred Stock paid as interest on the Notes on December 31, 2025 was determined based on a per share value of $20.789285, calculated as the product of (x) the average of the per share volume-weighted average prices for Series D Preferred Stock for the 15 consecutive trading days ending on the third business day immediately preceding the interest payment date, and (y) 0.55."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F8","text":"Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.00000015 shares of the Issuer's common stock (a conversion price of $170,956,800 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F8","text":"Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.00000015 shares of the Issuer's common stock (a conversion price of $170,956,800 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F8","text":"Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.00000015 shares of the Issuer's common stock (a conversion price of $170,956,800 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"These securities are owned directly by Stilwell Value Partners VII, L.P. (\"SVP VII\") and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SVP VII. Joseph Stilwell disclaims beneficial ownership of all securities reported as owned indirectly except to the extent of his pecuniary interest therein."}],"balance_after":19099,"derivative":{"exercise_price":170956800,"underlying":"Common Stock","underlying_shares":0},"source":{"system":"sec-edgar","filing":"0001213900-26-001079","document":"ownership.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":11,"url":"https://www.sec.gov/Archives/edgar/data/913960/000121390026001079/ownership.xml","form_type":"4"}},{"id":953471,"issuer":{"id":8666,"kind":"organization","name":"Wheeler Real Estate Investment Trust, Inc.","symbol":"WHLR"},"owners":[{"id":23076,"kind":"person","name":"Stilwell Joseph","position":1,"cik":"0001113303","reported_name":"Stilwell Joseph","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23077,"kind":"organization","name":"Stilwell Value LLC","position":2,"cik":"0001397076","reported_name":"Stilwell Value LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23080,"kind":"organization","name":"Stilwell Activist Investments, L.P.","position":3,"cik":"0001573720","reported_name":"Stilwell Activist Investments, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23079,"kind":"organization","name":"Stilwell Activist Fund, L.P.","position":4,"cik":"0001564452","reported_name":"Stilwell Activist Fund, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23081,"kind":"organization","name":"Stilwell Value Partners VII, L.P.","position":5,"cik":"0001555931","reported_name":"Stilwell Value Partners VII, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23078,"kind":"organization","name":"Stilwell Associates, L.P.","position":6,"cik":"0000913960","reported_name":"Stilwell Associates, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Series D Cumulative Convertible Preferred Stock","published_at":"2026-01-05T20:46:18.000Z","date":"2025-12-31","kind":"other","planned":false,"acquired":true,"shares":4217,"ownership":{"direct":false,"nature":"See footnote"},"footnotes":[{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F8","text":"Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.00000015 shares of the Issuer's common stock (a conversion price of $170,956,800 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"shares","element":"transactionShares","label":"F7","text":"As disclosed in the Issuer's Form 8-K filed with the Securities and Exchange Commission on November 20, 2025, the Issuer determined that interest on the Notes payable on December 31, 2025, would be paid in the form of Series D Preferred Stock. On December 31, 2025, the Issuer issued shares of Series D Preferred Stock to the Reporting Person as payment of interest with respect to the Notes, in accordance with the terms thereof and of the Indenture among the Issuer and Wilmington Savings Fund Society, FSB, as Trustee, governing the terms of the Notes (the \"Indenture\")."},{"field":"price","element":"transactionPricePerShare","label":"F9","text":"In accordance with the terms of the Indenture, the number of shares of Series D Preferred Stock paid as interest on the Notes on December 31, 2025 was determined based on a per share value of $20.789285, calculated as the product of (x) the average of the per share volume-weighted average prices for Series D Preferred Stock for the 15 consecutive trading days ending on the third business day immediately preceding the interest payment date, and (y) 0.55."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F8","text":"Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.00000015 shares of the Issuer's common stock (a conversion price of $170,956,800 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F8","text":"Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.00000015 shares of the Issuer's common stock (a conversion price of $170,956,800 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F8","text":"Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.00000015 shares of the Issuer's common stock (a conversion price of $170,956,800 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"These securities are owned directly by Stilwell Activist Fund, L.P. (\"SAF\") and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SAF. Joseph Stilwell disclaims beneficial ownership of all securities reported as owned indirectly except to the extent of his pecuniary interest therein."}],"balance_after":15798,"derivative":{"exercise_price":170956800,"underlying":"Common Stock","underlying_shares":0},"source":{"system":"sec-edgar","filing":"0001213900-26-001079","document":"ownership.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":10,"url":"https://www.sec.gov/Archives/edgar/data/913960/000121390026001079/ownership.xml","form_type":"4"}},{"id":953470,"issuer":{"id":8666,"kind":"organization","name":"Wheeler Real Estate Investment Trust, Inc.","symbol":"WHLR"},"owners":[{"id":23076,"kind":"person","name":"Stilwell Joseph","position":1,"cik":"0001113303","reported_name":"Stilwell Joseph","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23077,"kind":"organization","name":"Stilwell Value LLC","position":2,"cik":"0001397076","reported_name":"Stilwell Value LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23080,"kind":"organization","name":"Stilwell Activist Investments, L.P.","position":3,"cik":"0001573720","reported_name":"Stilwell Activist Investments, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23079,"kind":"organization","name":"Stilwell Activist Fund, L.P.","position":4,"cik":"0001564452","reported_name":"Stilwell Activist Fund, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23081,"kind":"organization","name":"Stilwell Value Partners VII, L.P.","position":5,"cik":"0001555931","reported_name":"Stilwell Value Partners VII, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23078,"kind":"organization","name":"Stilwell Associates, L.P.","position":6,"cik":"0000913960","reported_name":"Stilwell Associates, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Series D Cumulative Convertible Preferred Stock","published_at":"2026-01-05T20:46:18.000Z","date":"2025-12-31","kind":"other","planned":false,"acquired":true,"shares":28885,"ownership":{"direct":false,"nature":"See footnote"},"footnotes":[{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F8","text":"Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.00000015 shares of the Issuer's common stock (a conversion price of $170,956,800 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"shares","element":"transactionShares","label":"F7","text":"As disclosed in the Issuer's Form 8-K filed with the Securities and Exchange Commission on November 20, 2025, the Issuer determined that interest on the Notes payable on December 31, 2025, would be paid in the form of Series D Preferred Stock. On December 31, 2025, the Issuer issued shares of Series D Preferred Stock to the Reporting Person as payment of interest with respect to the Notes, in accordance with the terms thereof and of the Indenture among the Issuer and Wilmington Savings Fund Society, FSB, as Trustee, governing the terms of the Notes (the \"Indenture\")."},{"field":"price","element":"transactionPricePerShare","label":"F9","text":"In accordance with the terms of the Indenture, the number of shares of Series D Preferred Stock paid as interest on the Notes on December 31, 2025 was determined based on a per share value of $20.789285, calculated as the product of (x) the average of the per share volume-weighted average prices for Series D Preferred Stock for the 15 consecutive trading days ending on the third business day immediately preceding the interest payment date, and (y) 0.55."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F8","text":"Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.00000015 shares of the Issuer's common stock (a conversion price of $170,956,800 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F8","text":"Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.00000015 shares of the Issuer's common stock (a conversion price of $170,956,800 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F8","text":"Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.00000015 shares of the Issuer's common stock (a conversion price of $170,956,800 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"These securities are owned directly by Stilwell Activist Investments, L.P. (\"SAI\") and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Stilwell Value LLC (\"Value\"), which is the general partner of SAI. Joseph Stilwell disclaims beneficial ownership of all securities reported as owned indirectly except to the extent of his pecuniary interest therein."}],"balance_after":108954,"derivative":{"exercise_price":170956800,"underlying":"Common Stock","underlying_shares":0},"source":{"system":"sec-edgar","filing":"0001213900-26-001079","document":"ownership.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":9,"url":"https://www.sec.gov/Archives/edgar/data/913960/000121390026001079/ownership.xml","form_type":"4"}},{"id":950303,"issuer":{"id":8666,"kind":"organization","name":"Wheeler Real Estate Investment Trust, Inc.","symbol":"WHLR"},"owners":[{"id":32671,"kind":"person","name":"Hannon Gregory Paul","position":1,"cik":"0001538186","reported_name":"Hannon Gregory Paul","relationship":{"director":true,"officer":false,"ten_percent_owner":false,"other":false}}],"security":"Series D Cumulative Convertible Preferred Stock","published_at":"2026-01-05T19:48:08.000Z","date":"2025-12-31","kind":"other","planned":false,"acquired":true,"shares":526,"ownership":{"direct":false,"nature":"By Oakmont Capital Inc."},"footnotes":[{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F1","text":"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 0.00000015 shares of the Issuer's common stock (a conversion price of $170,956,800 per share of common stock)."},{"field":"shares","element":"transactionShares","label":"F2","text":"As disclosed in the Issuer's Form 8-K filed with the Securities and Exchange Commission on November 20, 2025, the Issuer determined that interest on the Issuer's 7.00% Subordinated Convertible Notes due 2031 (the \"Notes\") payable on December 31, 2025, would be paid in the form of Series D Preferred Stock. On December 31, 2025, the Issuer issued shares of the Series D Preferred Stock to the Reporting Person as payment of interest with respect to the Notes, in accordance with the terms thereof and of the Indenture among the Issuer and Wilmington Savings Fund Society, FSB, as Trustee, governing the terms of the Notes (the \"Indenture\")."},{"field":"price","element":"transactionPricePerShare","label":"F4","text":"In accordance with the terms of the Indenture, the number of shares of Series D Preferred Stock paid as interest on the Notes on December 31, 2025, was determined based on a per share value of $20.789285, calculated as the product of (x) the average of the per share volume-weighted average prices for Series D Preferred Stock for the 15 consecutive trading days ending on the third business day immediately preceding the interest payment date, and (y) 0.55."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F1","text":"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 0.00000015 shares of the Issuer's common stock (a conversion price of $170,956,800 per share of common stock)."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F3","text":"Series D Preferred Stock has no expiration date."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F1","text":"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 0.00000015 shares of the Issuer's common stock (a conversion price of $170,956,800 per share of common stock)."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F5","text":"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."}],"balance_after":526,"derivative":{"exercise_price":170956800,"underlying":"Common Stock","underlying_shares":0},"source":{"system":"sec-edgar","filing":"0001538186-26-000002","document":"wk-form4_1767642485.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1527541/000153818626000002/wk-form4_1767642485.xml","form_type":"4"}},{"id":950302,"issuer":{"id":8666,"kind":"organization","name":"Wheeler Real Estate Investment Trust, Inc.","symbol":"WHLR"},"owners":[{"id":61476,"kind":"person","name":"Campbell Kerry G.","position":1,"cik":"0001798184","reported_name":"Campbell Kerry G.","relationship":{"director":true,"officer":false,"ten_percent_owner":false,"other":false}}],"security":"Series D Cumulative Convertible Preferred Stock","published_at":"2026-01-05T14:29:02.000Z","date":"2025-12-31","kind":"other","planned":false,"acquired":true,"shares":168,"ownership":{"direct":true},"footnotes":[{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F1","text":"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 0.00000015 shares of the Issuer's common stock (a conversion price of $170,956,800 per share of common stock)."},{"field":"shares","element":"transactionShares","label":"F2","text":"As disclosed in the Issuer's Form 8-K filed with the Securities and Exchange Commission on November 20, 2025, the Issuer determined that interest on the Issuer's 7.00% Subordinated Convertible Notes due 2031 (the \"Notes\") payable on December 31, 2025, would be paid in the form of Series D Preferred Stock. On December 31, 2025, the Issuer issued shares of the Series D Preferred Stock to the Reporting Person as payment of interest with respect to the Notes, in accordance with the terms thereof and of the Indenture among the Issuer and Wilmington Savings Fund Society, FSB, as Trustee, governing the terms of the Notes (the \"Indenture\")."},{"field":"price","element":"transactionPricePerShare","label":"F4","text":"In accordance with the terms of the Indenture, the number of shares of Series D Preferred Stock paid as interest on the Notes on December 31, 2025, was determined based on a per share value of $20.789285, calculated as the product of (x) the average of the per share volume-weighted average prices for Series D Preferred Stock for the 15 consecutive trading days ending on the third business day immediately preceding the interest payment date, and (y) 0.55."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F1","text":"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 0.00000015 shares of the Issuer's common stock (a conversion price of $170,956,800 per share of common stock)."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F3","text":"Series D Preferred Stock has no expiration date."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F1","text":"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 0.00000015 shares of the Issuer's common stock (a conversion price of $170,956,800 per share of common stock)."}],"balance_after":168,"derivative":{"exercise_price":170956800,"underlying":"Common Stock","underlying_shares":0},"source":{"system":"sec-edgar","filing":"0001798184-26-000002","document":"wk-form4_1767623339.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1527541/000179818426000002/wk-form4_1767623339.xml","form_type":"4"}},{"id":950301,"issuer":{"id":8666,"kind":"organization","name":"Wheeler Real Estate Investment Trust, Inc.","symbol":"WHLR"},"owners":[{"id":32670,"kind":"person","name":"Franklin Michael Andrew","position":1,"cik":"0001697904","reported_name":"Franklin Michael Andrew","relationship":{"director":false,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"CEO"}}],"security":"Series D Cumulative Convertible Preferred Stock","published_at":"2026-01-05T13:59:06.000Z","date":"2025-12-31","kind":"other","planned":false,"acquired":true,"shares":44,"ownership":{"direct":true},"footnotes":[{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F1","text":"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 0.00000015 shares of the Issuer's common stock (a conversion price of $170,956,800 per share of common stock)."},{"field":"shares","element":"transactionShares","label":"F2","text":"As disclosed in the Issuer's Form 8-K filed with the Securities and Exchange Commission on November 20, 2025, the Issuer determined that interest on the Issuer's 7.00% Subordinated Convertible Notes due 2031 (the \"Notes\") payable on December 31, 2025, would be paid in the form of Series D Preferred Stock. On December 31, 2025, the Issuer issued shares of the Series D Preferred Stock to the Reporting Person as payment of interest with respect to the Notes, in accordance with the terms thereof and of the Indenture among the Issuer and Wilmington Savings Fund Society, FSB, as Trustee, governing the terms of the Notes (the \"Indenture\")."},{"field":"price","element":"transactionPricePerShare","label":"F4","text":"In accordance with the terms of the Indenture, the number of shares of Series D Preferred Stock paid as interest on the Notes on December 31, 2025, was determined based on a per share value of $20.789285, calculated as the product of (x) the average of the per share volume-weighted average prices for Series D Preferred Stock for the 15 consecutive trading days ending on the third business day immediately preceding the interest payment date, and (y) 0.55."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F1","text":"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 0.00000015 shares of the Issuer's common stock (a conversion price of $170,956,800 per share of common stock)."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F3","text":"Series D Preferred Stock has no expiration date."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F1","text":"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 0.00000015 shares of the Issuer's common stock (a conversion price of $170,956,800 per share of common stock)."}],"balance_after":44,"derivative":{"exercise_price":170956800,"underlying":"Common Stock","underlying_shares":0},"source":{"system":"sec-edgar","filing":"0001697904-26-000002","document":"wk-form4_1767621543.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1527541/000169790426000002/wk-form4_1767621543.xml","form_type":"4"}},{"id":958959,"issuer":{"id":8666,"kind":"organization","name":"Wheeler Real Estate Investment Trust, Inc.","symbol":"WHLR"},"owners":[{"id":23076,"kind":"person","name":"Stilwell Joseph","position":1,"cik":"0001113303","reported_name":"Stilwell Joseph","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23077,"kind":"organization","name":"Stilwell Value LLC","position":2,"cik":"0001397076","reported_name":"Stilwell Value LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23080,"kind":"organization","name":"Stilwell Activist Investments, L.P.","position":3,"cik":"0001573720","reported_name":"Stilwell Activist Investments, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23079,"kind":"organization","name":"Stilwell Activist Fund, L.P.","position":4,"cik":"0001564452","reported_name":"Stilwell Activist Fund, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23081,"kind":"organization","name":"Stilwell Value Partners VII, L.P.","position":5,"cik":"0001555931","reported_name":"Stilwell Value Partners VII, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23078,"kind":"organization","name":"Stilwell Associates, L.P.","position":6,"cik":"0000913960","reported_name":"Stilwell Associates, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Series D Cumulative Convertible Preferred Stock","published_at":"2025-12-29T21:42:14.000Z","date":"2025-12-24","kind":"sale","planned":false,"acquired":false,"shares":2197,"price":37.017,"value":81326.349,"ownership":{"direct":false,"nature":"See footnote"},"footnotes":[{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F8","text":"Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.00000015 shares of the Issuer's common stock (a conversion price of $170,956,800 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"shares","element":"transactionShares","label":"F7","text":"This Form 4 reports the following sales of Series D Preferred Stock on December 24, 2025: (i) SAI sold 11,209 shares at $37.0170 per share, (ii) SAF sold 1,594 shares at $37.0170 per share, and (iii) SVP VII sold 2,197 shares at $37.0170 per share."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F8","text":"Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.00000015 shares of the Issuer's common stock (a conversion price of $170,956,800 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F8","text":"Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.00000015 shares of the Issuer's common stock (a conversion price of $170,956,800 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F8","text":"Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.00000015 shares of the Issuer's common stock (a conversion price of $170,956,800 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"These securities are owned directly by Stilwell Value Partners VII, L.P. (\"SVP VII\") and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SVP VII. Joseph Stilwell disclaims beneficial ownership of all securities reported as owned indirectly except to the extent of his pecuniary interest therein."}],"balance_after":15961,"derivative":{"exercise_price":170956800,"underlying":"Common Stock","underlying_shares":0},"source":{"system":"sec-edgar","filing":"0001213900-25-126092","document":"ownership.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":11,"url":"https://www.sec.gov/Archives/edgar/data/913960/000121390025126092/ownership.xml","form_type":"4"}},{"id":958958,"issuer":{"id":8666,"kind":"organization","name":"Wheeler Real Estate Investment Trust, Inc.","symbol":"WHLR"},"owners":[{"id":23076,"kind":"person","name":"Stilwell Joseph","position":1,"cik":"0001113303","reported_name":"Stilwell Joseph","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23077,"kind":"organization","name":"Stilwell Value LLC","position":2,"cik":"0001397076","reported_name":"Stilwell Value LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23080,"kind":"organization","name":"Stilwell Activist Investments, L.P.","position":3,"cik":"0001573720","reported_name":"Stilwell Activist Investments, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23079,"kind":"organization","name":"Stilwell Activist Fund, L.P.","position":4,"cik":"0001564452","reported_name":"Stilwell Activist Fund, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23081,"kind":"organization","name":"Stilwell Value Partners VII, L.P.","position":5,"cik":"0001555931","reported_name":"Stilwell Value Partners VII, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23078,"kind":"organization","name":"Stilwell Associates, L.P.","position":6,"cik":"0000913960","reported_name":"Stilwell Associates, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Series D Cumulative Convertible Preferred Stock","published_at":"2025-12-29T21:42:14.000Z","date":"2025-12-24","kind":"sale","planned":false,"acquired":false,"shares":1594,"price":37.017,"value":59005.098,"ownership":{"direct":false,"nature":"See footnote"},"footnotes":[{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F8","text":"Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.00000015 shares of the Issuer's common stock (a conversion price of $170,956,800 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"shares","element":"transactionShares","label":"F7","text":"This Form 4 reports the following sales of Series D Preferred Stock on December 24, 2025: (i) SAI sold 11,209 shares at $37.0170 per share, (ii) SAF sold 1,594 shares at $37.0170 per share, and (iii) SVP VII sold 2,197 shares at $37.0170 per share."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F8","text":"Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.00000015 shares of the Issuer's common stock (a conversion price of $170,956,800 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F8","text":"Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.00000015 shares of the Issuer's common stock (a conversion price of $170,956,800 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F8","text":"Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.00000015 shares of the Issuer's common stock (a conversion price of $170,956,800 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"These securities are owned directly by Stilwell Activist Fund, L.P. (\"SAF\") and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SAF. Joseph Stilwell disclaims beneficial ownership of all securities reported as owned indirectly except to the extent of his pecuniary interest therein."}],"balance_after":11581,"derivative":{"exercise_price":170956800,"underlying":"Common Stock","underlying_shares":0},"source":{"system":"sec-edgar","filing":"0001213900-25-126092","document":"ownership.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":10,"url":"https://www.sec.gov/Archives/edgar/data/913960/000121390025126092/ownership.xml","form_type":"4"}},{"id":958957,"issuer":{"id":8666,"kind":"organization","name":"Wheeler Real Estate Investment Trust, Inc.","symbol":"WHLR"},"owners":[{"id":23076,"kind":"person","name":"Stilwell Joseph","position":1,"cik":"0001113303","reported_name":"Stilwell Joseph","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23077,"kind":"organization","name":"Stilwell Value LLC","position":2,"cik":"0001397076","reported_name":"Stilwell Value LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23080,"kind":"organization","name":"Stilwell Activist Investments, L.P.","position":3,"cik":"0001573720","reported_name":"Stilwell Activist Investments, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23079,"kind":"organization","name":"Stilwell Activist Fund, L.P.","position":4,"cik":"0001564452","reported_name":"Stilwell Activist Fund, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23081,"kind":"organization","name":"Stilwell Value Partners VII, L.P.","position":5,"cik":"0001555931","reported_name":"Stilwell Value Partners VII, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23078,"kind":"organization","name":"Stilwell Associates, L.P.","position":6,"cik":"0000913960","reported_name":"Stilwell Associates, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Series D Cumulative Convertible Preferred Stock","published_at":"2025-12-29T21:42:14.000Z","date":"2025-12-24","kind":"sale","planned":false,"acquired":false,"shares":11209,"price":37.017,"value":414923.553,"ownership":{"direct":false,"nature":"See footnote"},"footnotes":[{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F8","text":"Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.00000015 shares of the Issuer's common stock (a conversion price of $170,956,800 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"shares","element":"transactionShares","label":"F7","text":"This Form 4 reports the following sales of Series D Preferred Stock on December 24, 2025: (i) SAI sold 11,209 shares at $37.0170 per share, (ii) SAF sold 1,594 shares at $37.0170 per share, and (iii) SVP VII sold 2,197 shares at $37.0170 per share."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F8","text":"Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.00000015 shares of the Issuer's common stock (a conversion price of $170,956,800 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F8","text":"Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.00000015 shares of the Issuer's common stock (a conversion price of $170,956,800 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F8","text":"Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.00000015 shares of the Issuer's common stock (a conversion price of $170,956,800 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"These securities are owned directly by Stilwell Activist Investments, L.P. (\"SAI\") and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Stilwell Value LLC (\"Value\"), which is the general partner of SAI. Joseph Stilwell disclaims beneficial ownership of all securities reported as owned indirectly except to the extent of his pecuniary interest therein."}],"balance_after":80069,"derivative":{"exercise_price":170956800,"underlying":"Common Stock","underlying_shares":0},"source":{"system":"sec-edgar","filing":"0001213900-25-126092","document":"ownership.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":9,"url":"https://www.sec.gov/Archives/edgar/data/913960/000121390025126092/ownership.xml","form_type":"4"}},{"id":971915,"issuer":{"id":8666,"kind":"organization","name":"Wheeler Real Estate Investment Trust, Inc.","symbol":"WHLR"},"owners":[{"id":23076,"kind":"person","name":"Stilwell Joseph","position":1,"cik":"0001113303","reported_name":"Stilwell Joseph","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23077,"kind":"organization","name":"Stilwell Value LLC","position":2,"cik":"0001397076","reported_name":"Stilwell Value LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23080,"kind":"organization","name":"Stilwell Activist Investments, L.P.","position":3,"cik":"0001573720","reported_name":"Stilwell Activist Investments, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23079,"kind":"organization","name":"Stilwell Activist Fund, L.P.","position":4,"cik":"0001564452","reported_name":"Stilwell Activist Fund, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23081,"kind":"organization","name":"Stilwell Value Partners VII, L.P.","position":5,"cik":"0001555931","reported_name":"Stilwell Value Partners VII, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23078,"kind":"organization","name":"Stilwell Associates, L.P.","position":6,"cik":"0000913960","reported_name":"Stilwell Associates, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Series B Convertible Preferred Stock","published_at":"2025-12-12T17:33:56.000Z","date":"2025-12-10","kind":"sale","planned":false,"acquired":false,"shares":13494,"price":4.301,"value":58037.694,"ownership":{"direct":false,"nature":"See footnote"},"footnotes":[{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F9","text":"Each share of Series B Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.00000006 shares of the Issuer's common stock (a conversion price of $403,200,000 per share of common stock). Series B Preferred Stock has no expiration date."},{"field":"shares","element":"transactionShares","label":"F8","text":"This Form 4 reports the following sales of Series B Preferred Stock on December 10, 2025: (i) SAI sold 14,506 shares at $4.3010 per share, and (ii) SVP VII sold 13,494 shares at $4.3010 per share."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F9","text":"Each share of Series B Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.00000006 shares of the Issuer's common stock (a conversion price of $403,200,000 per share of common stock). Series B Preferred Stock has no expiration date."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F9","text":"Each share of Series B Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.00000006 shares of the Issuer's common stock (a conversion price of $403,200,000 per share of common stock). Series B Preferred Stock has no expiration date."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F9","text":"Each share of Series B Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.00000006 shares of the Issuer's common stock (a conversion price of $403,200,000 per share of common stock). Series B Preferred Stock has no expiration date."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"These securities are owned directly by Stilwell Value Partners VII, L.P. (\"SVP VII\") and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SVP VII. Joseph Stilwell disclaims beneficial ownership of all securities reported as owned indirectly except to the extent of his pecuniary interest therein."}],"balance_after":116990,"derivative":{"exercise_price":403200000,"underlying":"Common Stock","underlying_shares":0},"source":{"system":"sec-edgar","filing":"0001213900-25-121055","document":"ownership.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":15,"url":"https://www.sec.gov/Archives/edgar/data/913960/000121390025121055/ownership.xml","form_type":"4"}},{"id":971914,"issuer":{"id":8666,"kind":"organization","name":"Wheeler Real Estate Investment Trust, Inc.","symbol":"WHLR"},"owners":[{"id":23076,"kind":"person","name":"Stilwell Joseph","position":1,"cik":"0001113303","reported_name":"Stilwell Joseph","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23077,"kind":"organization","name":"Stilwell Value LLC","position":2,"cik":"0001397076","reported_name":"Stilwell Value LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23080,"kind":"organization","name":"Stilwell Activist Investments, L.P.","position":3,"cik":"0001573720","reported_name":"Stilwell Activist Investments, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23079,"kind":"organization","name":"Stilwell Activist Fund, L.P.","position":4,"cik":"0001564452","reported_name":"Stilwell Activist Fund, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23081,"kind":"organization","name":"Stilwell Value Partners VII, L.P.","position":5,"cik":"0001555931","reported_name":"Stilwell Value Partners VII, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23078,"kind":"organization","name":"Stilwell Associates, L.P.","position":6,"cik":"0000913960","reported_name":"Stilwell Associates, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Series B Convertible Preferred Stock","published_at":"2025-12-12T17:33:56.000Z","date":"2025-12-10","kind":"sale","planned":false,"acquired":false,"shares":14506,"price":4.301,"value":62390.306,"ownership":{"direct":false,"nature":"See footnote"},"footnotes":[{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F9","text":"Each share of Series B Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.00000006 shares of the Issuer's common stock (a conversion price of $403,200,000 per share of common stock). Series B Preferred Stock has no expiration date."},{"field":"shares","element":"transactionShares","label":"F8","text":"This Form 4 reports the following sales of Series B Preferred Stock on December 10, 2025: (i) SAI sold 14,506 shares at $4.3010 per share, and (ii) SVP VII sold 13,494 shares at $4.3010 per share."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F9","text":"Each share of Series B Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.00000006 shares of the Issuer's common stock (a conversion price of $403,200,000 per share of common stock). Series B Preferred Stock has no expiration date."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F9","text":"Each share of Series B Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.00000006 shares of the Issuer's common stock (a conversion price of $403,200,000 per share of common stock). Series B Preferred Stock has no expiration date."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F9","text":"Each share of Series B Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.00000006 shares of the Issuer's common stock (a conversion price of $403,200,000 per share of common stock). Series B Preferred Stock has no expiration date."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"These securities are owned directly by Stilwell Activist Investments, L.P. (\"SAI\") and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Stilwell Value LLC (\"Value\"), which is the general partner of SAI. Joseph Stilwell disclaims beneficial ownership of all securities reported as owned indirectly except to the extent of his pecuniary interest therein."}],"balance_after":560988,"derivative":{"exercise_price":403200000,"underlying":"Common Stock","underlying_shares":0},"source":{"system":"sec-edgar","filing":"0001213900-25-121055","document":"ownership.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":13,"url":"https://www.sec.gov/Archives/edgar/data/913960/000121390025121055/ownership.xml","form_type":"4"}},{"id":997550,"issuer":{"id":8666,"kind":"organization","name":"Wheeler Real Estate Investment Trust, Inc.","symbol":"WHLR"},"owners":[{"id":32671,"kind":"person","name":"Hannon Gregory Paul","position":1,"cik":"0001538186","reported_name":"Hannon Gregory Paul","relationship":{"director":true,"officer":false,"ten_percent_owner":false,"other":false}}],"security":"7.00% Subordinated Convertible Notes due 2031","published_at":"2025-11-17T21:02:56.000Z","date":"2025-11-13","kind":"purchase","planned":false,"acquired":true,"price":1000000,"reported_value":312500,"ownership":{"direct":false,"nature":"By Oakmont Capital Inc."},"footnotes":[{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F1","text":"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 $1.74 per share (approximately 14.35 common shares for each $25.00 of principal amount of the Notes being converted)."},{"field":"price","element":"transactionPricePerShare","label":"F3","text":"The price reported in Column 8 is an aggregate purchase price. These Notes were purchased at a price of $80.00 per $25.00 of aggregate principal amount."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F1","text":"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 $1.74 per share (approximately 14.35 common shares for each $25.00 of principal amount of the Notes being converted)."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F1","text":"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 $1.74 per share (approximately 14.35 common shares for each $25.00 of principal amount of the Notes being converted)."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F2","text":"Interest on the Notes may be payable, at the Issuer's election, in cash, in shares of the Issuer's Series B Convertible Preferred Stock or in shares of the Issuer's Series D Cumulative Convertible Preferred Stock, in each case as set forth in the Notes. The number of shares of the Issuer's common stock indicated in the Table is based on the outstanding principal amount of the Notes held by the Reporting Person."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F4","text":"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."}],"derivative":{"exercise_price":1.74,"expiration_date":"2031-12-31","underlying":"Common Stock","underlying_shares":179359},"source":{"system":"sec-edgar","filing":"0001538186-25-000007","document":"wk-form4_1763413373.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1527541/000153818625000007/wk-form4_1763413373.xml","form_type":"4"}},{"id":998297,"issuer":{"id":8666,"kind":"organization","name":"Wheeler Real Estate Investment Trust, Inc.","symbol":"WHLR"},"owners":[{"id":23076,"kind":"person","name":"Stilwell Joseph","position":1,"cik":"0001113303","reported_name":"Stilwell Joseph","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23077,"kind":"organization","name":"Stilwell Value LLC","position":2,"cik":"0001397076","reported_name":"Stilwell Value LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23080,"kind":"organization","name":"Stilwell Activist Investments, L.P.","position":3,"cik":"0001573720","reported_name":"Stilwell Activist Investments, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23079,"kind":"organization","name":"Stilwell Activist Fund, L.P.","position":4,"cik":"0001564452","reported_name":"Stilwell Activist Fund, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23081,"kind":"organization","name":"Stilwell Value Partners VII, L.P.","position":5,"cik":"0001555931","reported_name":"Stilwell Value Partners VII, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23078,"kind":"organization","name":"Stilwell Associates, L.P.","position":6,"cik":"0000913960","reported_name":"Stilwell Associates, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"7.00% Subordinated Convertible Notes due 2031","published_at":"2025-11-17T20:06:55.000Z","date":"2025-11-13","kind":"purchase","planned":false,"acquired":true,"price":1000000,"reported_value":312500,"ownership":{"direct":false,"nature":"See footnote"},"footnotes":[{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F5","text":"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 $1.742315 per share (14.348723 common shares for each $25.00 of principal amount of the Notes being converted)."},{"field":"price","element":"transactionPricePerShare","label":"F8","text":"The price reported in Column 8 is an aggregate purchase price. These Notes were purchased at a price of $80.00 per $25.00 of aggregate principal amount."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F5","text":"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 $1.742315 per share (14.348723 common shares for each $25.00 of principal amount of the Notes being converted)."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F5","text":"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 $1.742315 per share (14.348723 common shares for each $25.00 of principal amount of the Notes being converted)."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F6","text":"Interest on the Notes may be payable, at the Issuer's election, in cash, in shares of the Issuer's Series B Convertible Preferred Stock (\"Series B Preferred Stock\") or in shares of the Issuer's Series D Cumulative Convertible Preferred Stock (\"Series D Preferred Stock\"), in each case as set forth in the Notes."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F4","text":"These securities are owned directly by Stilwell Associates, L.P. (\"SA\") and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SA. Joseph Stilwell disclaims beneficial ownership of all shares reported as owned indirectly except to the extent of his pecuniary interest therein."}],"derivative":{"exercise_price":1.74,"expiration_date":"2031-12-31","underlying":"Common Stock","underlying_shares":179359},"source":{"system":"sec-edgar","filing":"0001213900-25-111485","document":"ownership.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":8,"url":"https://www.sec.gov/Archives/edgar/data/913960/000121390025111485/ownership.xml","form_type":"4"}},{"id":998296,"issuer":{"id":8666,"kind":"organization","name":"Wheeler Real Estate Investment Trust, Inc.","symbol":"WHLR"},"owners":[{"id":23076,"kind":"person","name":"Stilwell Joseph","position":1,"cik":"0001113303","reported_name":"Stilwell Joseph","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23077,"kind":"organization","name":"Stilwell Value LLC","position":2,"cik":"0001397076","reported_name":"Stilwell Value LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23080,"kind":"organization","name":"Stilwell Activist Investments, L.P.","position":3,"cik":"0001573720","reported_name":"Stilwell Activist Investments, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23079,"kind":"organization","name":"Stilwell Activist Fund, L.P.","position":4,"cik":"0001564452","reported_name":"Stilwell Activist Fund, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23081,"kind":"organization","name":"Stilwell Value Partners VII, L.P.","position":5,"cik":"0001555931","reported_name":"Stilwell Value Partners VII, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23078,"kind":"organization","name":"Stilwell Associates, L.P.","position":6,"cik":"0000913960","reported_name":"Stilwell Associates, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"7.00% Subordinated Convertible Notes due 2031","published_at":"2025-11-17T20:06:55.000Z","date":"2025-11-13","kind":"sale","planned":false,"acquired":false,"price":6403672,"reported_value":2000000,"ownership":{"direct":false,"nature":"See footnote"},"footnotes":[{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F5","text":"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 $1.742315 per share (14.348723 common shares for each $25.00 of principal amount of the Notes being converted)."},{"field":"price","element":"transactionPricePerShare","label":"F7","text":"The price reported in Column 8 is an aggregate purchase price. These Notes were sold at a price of $80.0459 per $25.00 of aggregate principal amount."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F5","text":"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 $1.742315 per share (14.348723 common shares for each $25.00 of principal amount of the Notes being converted)."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F5","text":"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 $1.742315 per share (14.348723 common shares for each $25.00 of principal amount of the Notes being converted)."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F6","text":"Interest on the Notes may be payable, at the Issuer's election, in cash, in shares of the Issuer's Series B Convertible Preferred Stock (\"Series B Preferred Stock\") or in shares of the Issuer's Series D Cumulative Convertible Preferred Stock (\"Series D Preferred Stock\"), in each case as set forth in the Notes."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"These securities are owned directly by Stilwell Value Partners VII, L.P. (\"SVP VII\") and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SVP VII. Joseph Stilwell disclaims beneficial ownership of all shares reported as owned indirectly except to the extent of his pecuniary interest therein."}],"derivative":{"exercise_price":1.74,"expiration_date":"2031-12-31","underlying":"Common Stock","underlying_shares":1147897},"source":{"system":"sec-edgar","filing":"0001213900-25-111485","document":"ownership.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":7,"url":"https://www.sec.gov/Archives/edgar/data/913960/000121390025111485/ownership.xml","form_type":"4"}},{"id":1001630,"issuer":{"id":8666,"kind":"organization","name":"Wheeler Real Estate Investment Trust, Inc.","symbol":"WHLR"},"owners":[{"id":61476,"kind":"person","name":"Campbell Kerry G.","position":1,"cik":"0001798184","reported_name":"Campbell Kerry G.","relationship":{"director":true,"officer":false,"ten_percent_owner":false,"other":false}}],"security":"Series D Cumulative Convertible Preferred Stock","published_at":"2025-11-12T12:18:43.000Z","date":"2025-11-10","kind":"sale","planned":false,"acquired":false,"shares":1062,"price":35.687,"value":37899.594,"ownership":{"direct":true},"footnotes":[{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F1","text":"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 0.0000003 shares of the Issuer's common stock (a conversion price of $85,478,400 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F1","text":"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 0.0000003 shares of the Issuer's common stock (a conversion price of $85,478,400 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F1","text":"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 0.0000003 shares of the Issuer's common stock (a conversion price of $85,478,400 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F1","text":"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 0.0000003 shares of the Issuer's common stock (a conversion price of $85,478,400 per share of common stock). Series D Preferred Stock has no expiration date."}],"balance_after":0,"derivative":{"exercise_price":85478400,"underlying":"Common Stock","underlying_shares":0},"source":{"system":"sec-edgar","filing":"0001798184-25-000008","document":"wk-form4_1762949920.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1527541/000179818425000008/wk-form4_1762949920.xml","form_type":"4"}},{"id":1001629,"issuer":{"id":8666,"kind":"organization","name":"Wheeler Real Estate Investment Trust, Inc.","symbol":"WHLR"},"owners":[{"id":61476,"kind":"person","name":"Campbell Kerry G.","position":1,"cik":"0001798184","reported_name":"Campbell Kerry G.","relationship":{"director":true,"officer":false,"ten_percent_owner":false,"other":false}}],"security":"Series D Cumulative Convertible Preferred Stock","published_at":"2025-11-12T12:18:43.000Z","date":"2025-11-10","kind":"sale","planned":false,"acquired":false,"shares":679,"price":35.3367,"value":23993.6193,"ownership":{"direct":true},"footnotes":[{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F1","text":"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 0.0000003 shares of the Issuer's common stock (a conversion price of $85,478,400 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F1","text":"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 0.0000003 shares of the Issuer's common stock (a conversion price of $85,478,400 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F1","text":"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 0.0000003 shares of the Issuer's common stock (a conversion price of $85,478,400 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F1","text":"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 0.0000003 shares of the Issuer's common stock (a conversion price of $85,478,400 per share of common stock). Series D Preferred Stock has no expiration date."}],"balance_after":1062,"derivative":{"exercise_price":85478400,"underlying":"Common Stock","underlying_shares":0},"source":{"system":"sec-edgar","filing":"0001798184-25-000008","document":"wk-form4_1762949920.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1527541/000179818425000008/wk-form4_1762949920.xml","form_type":"4"}},{"id":1005271,"issuer":{"id":8666,"kind":"organization","name":"Wheeler Real Estate Investment Trust, Inc.","symbol":"WHLR"},"owners":[{"id":23076,"kind":"person","name":"Stilwell Joseph","position":1,"cik":"0001113303","reported_name":"Stilwell Joseph","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23077,"kind":"organization","name":"Stilwell Value LLC","position":2,"cik":"0001397076","reported_name":"Stilwell Value LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23080,"kind":"organization","name":"Stilwell Activist Investments, L.P.","position":3,"cik":"0001573720","reported_name":"Stilwell Activist Investments, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23079,"kind":"organization","name":"Stilwell Activist Fund, L.P.","position":4,"cik":"0001564452","reported_name":"Stilwell Activist Fund, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23081,"kind":"organization","name":"Stilwell Value Partners VII, L.P.","position":5,"cik":"0001555931","reported_name":"Stilwell Value Partners VII, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23078,"kind":"organization","name":"Stilwell Associates, L.P.","position":6,"cik":"0000913960","reported_name":"Stilwell Associates, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Series D Cumulative Convertible Preferred Stock","published_at":"2025-11-07T23:58:57.000Z","date":"2025-11-05","kind":"disposition_to_issuer","planned":false,"acquired":false,"shares":500,"ownership":{"direct":false,"nature":"See footnote"},"footnotes":[{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F8","text":"Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.0000003 shares of the Issuer's common stock (a conversion price of $85,478,400 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"shares","element":"transactionShares","label":"F9","text":"Disposition was as a result of the redemption of Series D Preferred Stock, which was settled in shares of the Issuer's common stock at a redemption price of approximately $42.34 per share of Series D Preferred Stock ($25.00 per share plus the amount of all accrued but unpaid dividends to and including the redemption date)."},{"field":"price","element":"transactionPricePerShare","label":"F9","text":"Disposition was as a result of the redemption of Series D Preferred Stock, which was settled in shares of the Issuer's common stock at a redemption price of approximately $42.34 per share of Series D Preferred Stock ($25.00 per share plus the amount of all accrued but unpaid dividends to and including the redemption date)."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F8","text":"Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.0000003 shares of the Issuer's common stock (a conversion price of $85,478,400 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F8","text":"Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.0000003 shares of the Issuer's common stock (a conversion price of $85,478,400 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F8","text":"Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.0000003 shares of the Issuer's common stock (a conversion price of $85,478,400 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"These securities are owned directly by Stilwell Activist Investments, L.P. (\"SAI\") and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Stilwell Value LLC (\"Value\"), which is the general partner of SAI. Joseph Stilwell disclaims beneficial ownership of all shares reported as owned indirectly except to the extent of his pecuniary interest therein."}],"balance_after":91278,"derivative":{"exercise_price":85478400,"underlying":"Common Stock","underlying_shares":0},"source":{"system":"sec-edgar","filing":"0001213900-25-107765","document":"ownership.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":9,"url":"https://www.sec.gov/Archives/edgar/data/913960/000121390025107765/ownership.xml","form_type":"4"}},{"id":1005270,"issuer":{"id":8666,"kind":"organization","name":"Wheeler Real Estate Investment Trust, Inc.","symbol":"WHLR"},"owners":[{"id":23076,"kind":"person","name":"Stilwell Joseph","position":1,"cik":"0001113303","reported_name":"Stilwell Joseph","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23077,"kind":"organization","name":"Stilwell Value LLC","position":2,"cik":"0001397076","reported_name":"Stilwell Value LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23080,"kind":"organization","name":"Stilwell Activist Investments, L.P.","position":3,"cik":"0001573720","reported_name":"Stilwell Activist Investments, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23079,"kind":"organization","name":"Stilwell Activist Fund, L.P.","position":4,"cik":"0001564452","reported_name":"Stilwell Activist Fund, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23081,"kind":"organization","name":"Stilwell Value Partners VII, L.P.","position":5,"cik":"0001555931","reported_name":"Stilwell Value Partners VII, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23078,"kind":"organization","name":"Stilwell Associates, L.P.","position":6,"cik":"0000913960","reported_name":"Stilwell Associates, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Common Stock","published_at":"2025-11-07T23:58:57.000Z","date":"2025-11-05","kind":"grant","planned":false,"acquired":true,"shares":6682,"ownership":{"direct":false,"nature":"See footnote"},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F5","text":"Represents shares of the Issuer's common stock that were acquired as a result of the Issuer settling redemption requests for the Issuer's Series D Cumulative Convertible Preferred Stock (\"Series D Preferred Stock\") in shares of the Issuer's common stock. The redemption price for each share of Series D Preferred Stock was approximately $42.34 ($25.00 per share plus the amount of all accrued but unpaid dividends to and including the redemption date). The number of shares of common stock issued upon redemption of Series D Preferred Stock was based on a common stock price of approximately $3.17, which was the volume weighted average of the closing sales price, as reported on the Nasdaq Capital Market, per share of common stock for the ten consecutive trading days immediately preceding, but not including, the redemption date."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"These securities are owned directly by Stilwell Activist Investments, L.P. (\"SAI\") and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Stilwell Value LLC (\"Value\"), which is the general partner of SAI. Joseph Stilwell disclaims beneficial ownership of all shares reported as owned indirectly except to the extent of his pecuniary interest therein."}],"balance_after":87843,"source":{"system":"sec-edgar","filing":"0001213900-25-107765","document":"ownership.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/913960/000121390025107765/ownership.xml","form_type":"4"}},{"id":1028363,"issuer":{"id":8666,"kind":"organization","name":"Wheeler Real Estate Investment Trust, Inc.","symbol":"WHLR"},"owners":[{"id":23076,"kind":"person","name":"Stilwell Joseph","position":1,"cik":"0001113303","reported_name":"Stilwell Joseph","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23077,"kind":"organization","name":"Stilwell Value LLC","position":2,"cik":"0001397076","reported_name":"Stilwell Value LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23080,"kind":"organization","name":"Stilwell Activist Investments, L.P.","position":3,"cik":"0001573720","reported_name":"Stilwell Activist Investments, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23079,"kind":"organization","name":"Stilwell Activist Fund, L.P.","position":4,"cik":"0001564452","reported_name":"Stilwell Activist Fund, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23081,"kind":"organization","name":"Stilwell Value Partners VII, L.P.","position":5,"cik":"0001555931","reported_name":"Stilwell Value Partners VII, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23078,"kind":"organization","name":"Stilwell Associates, L.P.","position":6,"cik":"0000913960","reported_name":"Stilwell Associates, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"7.00% Subordinated Convertible Notes due 2031","published_at":"2025-10-02T18:33:41.000Z","date":"2025-09-30","kind":"sale","planned":false,"acquired":false,"price":53734.6,"reported_value":11725,"ownership":{"direct":false,"nature":"See footnote"},"footnotes":[{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F5","text":"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 $4.907490 per share (5.094256 common shares for each $25.00 of principal amount of the Notes being converted)."},{"field":"price","element":"transactionPricePerShare","label":"F7","text":"The price reported in Column 8 is an aggregate purchase price. These Notes were sold at a price of $114.5727 per $25.00 of aggregate principal amount."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F5","text":"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 $4.907490 per share (5.094256 common shares for each $25.00 of principal amount of the Notes being converted)."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F5","text":"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 $4.907490 per share (5.094256 common shares for each $25.00 of principal amount of the Notes being converted)."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F6","text":"Interest on the Notes may be payable, at the Issuer's election, in cash, in shares of the Issuer's Series B Convertible Preferred Stock (\"Series B Preferred Stock\") or in shares of the Issuer's Series D Cumulative Convertible Preferred Stock (\"Series D Preferred Stock\"), in each case as set forth in the Notes."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"These securities are owned directly by Stilwell Value Partners VII, L.P. (\"SVP VII\") and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SVP VII. Joseph Stilwell disclaims beneficial ownership of all shares reported as owned indirectly except to the extent of his pecuniary interest therein."}],"derivative":{"exercise_price":4.91,"expiration_date":"2031-12-31","underlying":"Common Stock","underlying_shares":2389},"source":{"system":"sec-edgar","filing":"0001213900-25-095272","document":"ownership.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":7,"url":"https://www.sec.gov/Archives/edgar/data/913960/000121390025095272/ownership.xml","form_type":"4"}},{"id":1030375,"issuer":{"id":8666,"kind":"organization","name":"Wheeler Real Estate Investment Trust, Inc.","symbol":"WHLR"},"owners":[{"id":32670,"kind":"person","name":"Franklin Michael Andrew","position":1,"cik":"0001697904","reported_name":"Franklin Michael Andrew","relationship":{"director":false,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"CEO"}}],"security":"Series D Cumulative Convertible Preferred Stock","published_at":"2025-09-30T20:14:00.000Z","date":"2025-09-29","kind":"sale","planned":false,"acquired":false,"shares":555,"price":36.25,"value":20118.75,"ownership":{"direct":true},"footnotes":[{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F1","text":"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 approximately 0.0000003 shares of the Issuer's common stock (a conversion price of $85,478,400 per share of common stock)."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F1","text":"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 approximately 0.0000003 shares of the Issuer's common stock (a conversion price of $85,478,400 per share of common stock)."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F2","text":"Series D Preferred Stock has no expiration date."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F1","text":"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 approximately 0.0000003 shares of the Issuer's common stock (a conversion price of $85,478,400 per share of common stock)."}],"balance_after":0,"derivative":{"exercise_price":85478400,"underlying":"Common Stock","underlying_shares":0},"source":{"system":"sec-edgar","filing":"0001697904-25-000009","document":"wk-form4_1759263237.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1527541/000169790425000009/wk-form4_1759263237.xml","form_type":"4"}},{"id":1036683,"issuer":{"id":8666,"kind":"organization","name":"Wheeler Real Estate Investment Trust, Inc.","symbol":"WHLR"},"owners":[{"id":23076,"kind":"person","name":"Stilwell Joseph","position":1,"cik":"0001113303","reported_name":"Stilwell Joseph","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23077,"kind":"organization","name":"Stilwell Value LLC","position":2,"cik":"0001397076","reported_name":"Stilwell Value LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23080,"kind":"organization","name":"Stilwell Activist Investments, L.P.","position":3,"cik":"0001573720","reported_name":"Stilwell Activist Investments, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23079,"kind":"organization","name":"Stilwell Activist Fund, L.P.","position":4,"cik":"0001564452","reported_name":"Stilwell Activist Fund, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23081,"kind":"organization","name":"Stilwell Value Partners VII, L.P.","position":5,"cik":"0001555931","reported_name":"Stilwell Value Partners VII, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23078,"kind":"organization","name":"Stilwell Associates, L.P.","position":6,"cik":"0000913960","reported_name":"Stilwell Associates, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Series D Cumulative Convertible Preferred Stock","published_at":"2025-09-18T20:54:57.000Z","date":"2025-09-16","kind":"sale","planned":false,"acquired":false,"shares":2293,"price":36.3625,"value":83379.2125,"ownership":{"direct":false,"nature":"See footnote"},"footnotes":[{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F8","text":"Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.000001 shares of the Issuer's common stock (a conversion price of $17,095,680 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"shares","element":"transactionShares","label":"F7","text":"This Form 4 reports the following sales of Series D Preferred Stock on September 16, 2025: (i) SAI sold 11,995 shares at $36.3625 per share, (ii) SAF sold 1,712 shares at $36.3625 per share, and (iii) SVP VII sold 2,293 shares at $36.3625 per share."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F8","text":"Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.000001 shares of the Issuer's common stock (a conversion price of $17,095,680 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F8","text":"Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.000001 shares of the Issuer's common stock (a conversion price of $17,095,680 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F8","text":"Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.000001 shares of the Issuer's common stock (a conversion price of $17,095,680 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"These securities are owned directly by Stilwell Value Partners VII, L.P. (\"SVP VII\") and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SVP VII. Joseph Stilwell disclaims beneficial ownership of all shares reported as owned indirectly except to the extent of his pecuniary interest therein."}],"balance_after":18158,"derivative":{"exercise_price":17095680,"underlying":"Common Stock","underlying_shares":0},"source":{"system":"sec-edgar","filing":"0001213900-25-089042","document":"ownership.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":11,"url":"https://www.sec.gov/Archives/edgar/data/913960/000121390025089042/ownership.xml","form_type":"4"}},{"id":1036682,"issuer":{"id":8666,"kind":"organization","name":"Wheeler Real Estate Investment Trust, Inc.","symbol":"WHLR"},"owners":[{"id":23076,"kind":"person","name":"Stilwell Joseph","position":1,"cik":"0001113303","reported_name":"Stilwell Joseph","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23077,"kind":"organization","name":"Stilwell Value LLC","position":2,"cik":"0001397076","reported_name":"Stilwell Value LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23080,"kind":"organization","name":"Stilwell Activist Investments, L.P.","position":3,"cik":"0001573720","reported_name":"Stilwell Activist Investments, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23079,"kind":"organization","name":"Stilwell Activist Fund, L.P.","position":4,"cik":"0001564452","reported_name":"Stilwell Activist Fund, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23081,"kind":"organization","name":"Stilwell Value Partners VII, L.P.","position":5,"cik":"0001555931","reported_name":"Stilwell Value Partners VII, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23078,"kind":"organization","name":"Stilwell Associates, L.P.","position":6,"cik":"0000913960","reported_name":"Stilwell Associates, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Series D Cumulative Convertible Preferred Stock","published_at":"2025-09-18T20:54:57.000Z","date":"2025-09-16","kind":"sale","planned":false,"acquired":false,"shares":1712,"price":36.3625,"value":62252.6,"ownership":{"direct":false,"nature":"See footnote"},"footnotes":[{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F8","text":"Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.000001 shares of the Issuer's common stock (a conversion price of $17,095,680 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"shares","element":"transactionShares","label":"F7","text":"This Form 4 reports the following sales of Series D Preferred Stock on September 16, 2025: (i) SAI sold 11,995 shares at $36.3625 per share, (ii) SAF sold 1,712 shares at $36.3625 per share, and (iii) SVP VII sold 2,293 shares at $36.3625 per share."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F8","text":"Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.000001 shares of the Issuer's common stock (a conversion price of $17,095,680 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F8","text":"Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.000001 shares of the Issuer's common stock (a conversion price of $17,095,680 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F8","text":"Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.000001 shares of the Issuer's common stock (a conversion price of $17,095,680 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"These securities are owned directly by Stilwell Activist Fund, L.P. (\"SAF\") and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SAF. Joseph Stilwell disclaims beneficial ownership of all shares reported as owned indirectly except to the extent of his pecuniary interest therein."}],"balance_after":13175,"derivative":{"exercise_price":17095680,"underlying":"Common Stock","underlying_shares":0},"source":{"system":"sec-edgar","filing":"0001213900-25-089042","document":"ownership.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":10,"url":"https://www.sec.gov/Archives/edgar/data/913960/000121390025089042/ownership.xml","form_type":"4"}},{"id":1036681,"issuer":{"id":8666,"kind":"organization","name":"Wheeler Real Estate Investment Trust, Inc.","symbol":"WHLR"},"owners":[{"id":23076,"kind":"person","name":"Stilwell Joseph","position":1,"cik":"0001113303","reported_name":"Stilwell Joseph","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23077,"kind":"organization","name":"Stilwell Value LLC","position":2,"cik":"0001397076","reported_name":"Stilwell Value LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23080,"kind":"organization","name":"Stilwell Activist Investments, L.P.","position":3,"cik":"0001573720","reported_name":"Stilwell Activist Investments, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23079,"kind":"organization","name":"Stilwell Activist Fund, L.P.","position":4,"cik":"0001564452","reported_name":"Stilwell Activist Fund, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23081,"kind":"organization","name":"Stilwell Value Partners VII, L.P.","position":5,"cik":"0001555931","reported_name":"Stilwell Value Partners VII, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23078,"kind":"organization","name":"Stilwell Associates, L.P.","position":6,"cik":"0000913960","reported_name":"Stilwell Associates, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Series D Cumulative Convertible Preferred Stock","published_at":"2025-09-18T20:54:57.000Z","date":"2025-09-16","kind":"sale","planned":false,"acquired":false,"shares":11995,"price":36.3625,"value":436168.1875,"ownership":{"direct":false,"nature":"See footnote"},"footnotes":[{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F8","text":"Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.000001 shares of the Issuer's common stock (a conversion price of $17,095,680 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"shares","element":"transactionShares","label":"F7","text":"This Form 4 reports the following sales of Series D Preferred Stock on September 16, 2025: (i) SAI sold 11,995 shares at $36.3625 per share, (ii) SAF sold 1,712 shares at $36.3625 per share, and (iii) SVP VII sold 2,293 shares at $36.3625 per share."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F8","text":"Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.000001 shares of the Issuer's common stock (a conversion price of $17,095,680 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F8","text":"Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.000001 shares of the Issuer's common stock (a conversion price of $17,095,680 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F8","text":"Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.000001 shares of the Issuer's common stock (a conversion price of $17,095,680 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"These securities are owned directly by Stilwell Activist Investments, L.P. (\"SAI\") and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Stilwell Value LLC (\"Value\"), which is the general partner of SAI. Joseph Stilwell disclaims beneficial ownership of all shares reported as owned indirectly except to the extent of his pecuniary interest therein."}],"balance_after":91778,"derivative":{"exercise_price":17095680,"underlying":"Common Stock","underlying_shares":0},"source":{"system":"sec-edgar","filing":"0001213900-25-089042","document":"ownership.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":9,"url":"https://www.sec.gov/Archives/edgar/data/913960/000121390025089042/ownership.xml","form_type":"4"}},{"id":1041271,"issuer":{"id":8666,"kind":"organization","name":"Wheeler Real Estate Investment Trust, Inc.","symbol":"WHLR"},"owners":[{"id":32670,"kind":"person","name":"Franklin Michael Andrew","position":1,"cik":"0001697904","reported_name":"Franklin Michael Andrew","relationship":{"director":false,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"CEO"}}],"security":"Series B Convertible Preferred Stock","published_at":"2025-09-12T20:08:32.000Z","date":"2025-09-11","kind":"sale","planned":false,"acquired":false,"shares":1223,"price":4,"value":4892.0,"ownership":{"direct":true},"footnotes":[{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F6","text":"Each share of Series B Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.0000006 shares of the Issuer's common stock (a conversion price of $40,320,000 per share of common stock)."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F6","text":"Each share of Series B Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.0000006 shares of the Issuer's common stock (a conversion price of $40,320,000 per share of common stock)."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F7","text":"The Series B Preferred Stock has no expiration date."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F6","text":"Each share of Series B Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.0000006 shares of the Issuer's common stock (a conversion price of $40,320,000 per share of common stock)."}],"balance_after":0,"derivative":{"exercise_price":40320000,"underlying":"Common Stock","underlying_shares":0},"source":{"system":"sec-edgar","filing":"0001697904-25-000007","document":"wk-form4_1757707706.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":3,"url":"https://www.sec.gov/Archives/edgar/data/1527541/000169790425000007/wk-form4_1757707706.xml","form_type":"4"}},{"id":1041270,"issuer":{"id":8666,"kind":"organization","name":"Wheeler Real Estate Investment Trust, Inc.","symbol":"WHLR"},"owners":[{"id":32670,"kind":"person","name":"Franklin Michael Andrew","position":1,"cik":"0001697904","reported_name":"Franklin Michael Andrew","relationship":{"director":false,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"CEO"}}],"security":"7.00% Senior Subordinated Convertible Notes due 2031","published_at":"2025-09-12T20:08:32.000Z","date":"2025-09-11","kind":"sale","planned":false,"acquired":false,"price":2550,"reported_value":425,"ownership":{"direct":true},"footnotes":[{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F3","text":"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 $0.98 per share (approximately 25.47 common shares for each $25.00 of principal amount of the Notes being converted)."},{"field":"price","element":"transactionPricePerShare","label":"F5","text":"The price reported in Column 8 is an aggregate purchase price. These Notes were sold at a price of $150.00 per $25.00 of aggregate principal amount."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F3","text":"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 $0.98 per share (approximately 25.47 common shares for each $25.00 of principal amount of the Notes being converted)."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F3","text":"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 $0.98 per share (approximately 25.47 common shares for each $25.00 of principal amount of the Notes being converted)."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F4","text":"Interest on the Notes may be payable, at the Issuer's election, in cash, in shares of the Issuer's Series B Convertible Preferred Stock (\"Series B Preferred Stock\") or in shares of Series D Preferred Stock, in each case as set forth in the Notes. The number of shares of the Issuer's common stock indicated in the Table is based on the outstanding principal amount of the Notes held by the Reporting Person."}],"derivative":{"exercise_price":0.98,"expiration_date":"2031-12-31","underlying":"Common Stock","underlying_shares":433},"source":{"system":"sec-edgar","filing":"0001697904-25-000007","document":"wk-form4_1757707706.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1527541/000169790425000007/wk-form4_1757707706.xml","form_type":"4"}},{"id":1090929,"issuer":{"id":8666,"kind":"organization","name":"Wheeler Real Estate Investment Trust, Inc.","symbol":"WHLR"},"owners":[{"id":23076,"kind":"person","name":"Stilwell Joseph","position":1,"cik":"0001113303","reported_name":"STILWELL JOSEPH","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23077,"kind":"organization","name":"Stilwell Value LLC","position":2,"cik":"0001397076","reported_name":"Stilwell Value LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23080,"kind":"organization","name":"Stilwell Activist Investments, L.P.","position":3,"cik":"0001573720","reported_name":"Stilwell Activist Investments, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23079,"kind":"organization","name":"Stilwell Activist Fund, L.P.","position":4,"cik":"0001564452","reported_name":"Stilwell Activist Fund, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23081,"kind":"organization","name":"Stilwell Value Partners VII, L.P.","position":5,"cik":"0001555931","reported_name":"Stilwell Value Partners VII, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23078,"kind":"organization","name":"Stilwell Associates, L.P.","position":6,"cik":"0000913960","reported_name":"STILWELL ASSOCIATES L P","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Series B Convertible Preferred Stock","published_at":"2025-07-08T17:39:42.000Z","date":"2025-07-03","kind":"sale","planned":false,"acquired":false,"shares":715,"price":4,"value":2860.0,"ownership":{"direct":false,"nature":"See footnote"},"footnotes":[{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F9","text":"Each share of Series B Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.0000006 shares of the Issuer's common stock (a conversion price of $40,320,000 per share of common stock). Series B Preferred Stock has no expiration date."},{"field":"shares","element":"transactionShares","label":"F8","text":"This Form 4 reports the following sales of Series B Preferred Stock on July 3, 2025: (i) SAI sold 3,151 shares at $4.00 per share, and (ii) SVP VII sold 715 shares at $4.00 per share."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F9","text":"Each share of Series B Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.0000006 shares of the Issuer's common stock (a conversion price of $40,320,000 per share of common stock). Series B Preferred Stock has no expiration date."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F9","text":"Each share of Series B Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.0000006 shares of the Issuer's common stock (a conversion price of $40,320,000 per share of common stock). Series B Preferred Stock has no expiration date."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F9","text":"Each share of Series B Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.0000006 shares of the Issuer's common stock (a conversion price of $40,320,000 per share of common stock). Series B Preferred Stock has no expiration date."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"These securities are owned directly by Stilwell Value Partners VII, L.P. (\"SVP VII\") and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SVP VII. Joseph Stilwell disclaims beneficial ownership of all shares reported as owned indirectly except to the extent of his pecuniary interest therein."}],"balance_after":130484,"derivative":{"exercise_price":40320000,"underlying":"Common Stock","underlying_shares":0},"source":{"system":"sec-edgar","filing":"0001213900-25-062016","document":"ownership.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":15,"url":"https://www.sec.gov/Archives/edgar/data/913960/000121390025062016/ownership.xml","form_type":"4"}},{"id":1090928,"issuer":{"id":8666,"kind":"organization","name":"Wheeler Real Estate Investment Trust, Inc.","symbol":"WHLR"},"owners":[{"id":23076,"kind":"person","name":"Stilwell Joseph","position":1,"cik":"0001113303","reported_name":"STILWELL JOSEPH","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23077,"kind":"organization","name":"Stilwell Value LLC","position":2,"cik":"0001397076","reported_name":"Stilwell Value LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23080,"kind":"organization","name":"Stilwell Activist Investments, L.P.","position":3,"cik":"0001573720","reported_name":"Stilwell Activist Investments, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23079,"kind":"organization","name":"Stilwell Activist Fund, L.P.","position":4,"cik":"0001564452","reported_name":"Stilwell Activist Fund, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23081,"kind":"organization","name":"Stilwell Value Partners VII, L.P.","position":5,"cik":"0001555931","reported_name":"Stilwell Value Partners VII, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23078,"kind":"organization","name":"Stilwell Associates, L.P.","position":6,"cik":"0000913960","reported_name":"STILWELL ASSOCIATES L P","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Series B Convertible Preferred Stock","published_at":"2025-07-08T17:39:42.000Z","date":"2025-07-03","kind":"sale","planned":false,"acquired":false,"shares":3151,"price":4,"value":12604.0,"ownership":{"direct":false,"nature":"See footnote"},"footnotes":[{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F9","text":"Each share of Series B Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.0000006 shares of the Issuer's common stock (a conversion price of $40,320,000 per share of common stock). Series B Preferred Stock has no expiration date."},{"field":"shares","element":"transactionShares","label":"F8","text":"This Form 4 reports the following sales of Series B Preferred Stock on July 3, 2025: (i) SAI sold 3,151 shares at $4.00 per share, and (ii) SVP VII sold 715 shares at $4.00 per share."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F9","text":"Each share of Series B Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.0000006 shares of the Issuer's common stock (a conversion price of $40,320,000 per share of common stock). Series B Preferred Stock has no expiration date."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F9","text":"Each share of Series B Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.0000006 shares of the Issuer's common stock (a conversion price of $40,320,000 per share of common stock). Series B Preferred Stock has no expiration date."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F9","text":"Each share of Series B Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.0000006 shares of the Issuer's common stock (a conversion price of $40,320,000 per share of common stock). Series B Preferred Stock has no expiration date."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"These securities are owned directly by Stilwell Activist Investments, L.P. (\"SAI\") and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Stilwell Value LLC (\"Value\"), which is the general partner of SAI. Joseph Stilwell disclaims beneficial ownership of all shares reported as owned indirectly except to the extent of his pecuniary interest therein."}],"balance_after":575494,"derivative":{"exercise_price":40320000,"underlying":"Common Stock","underlying_shares":0},"source":{"system":"sec-edgar","filing":"0001213900-25-062016","document":"ownership.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":13,"url":"https://www.sec.gov/Archives/edgar/data/913960/000121390025062016/ownership.xml","form_type":"4"}},{"id":1096578,"issuer":{"id":8666,"kind":"organization","name":"Wheeler Real Estate Investment Trust, Inc.","symbol":"WHLR"},"owners":[{"id":23076,"kind":"person","name":"Stilwell Joseph","position":1,"cik":"0001113303","reported_name":"STILWELL JOSEPH","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23077,"kind":"organization","name":"Stilwell Value LLC","position":2,"cik":"0001397076","reported_name":"Stilwell Value LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23080,"kind":"organization","name":"Stilwell Activist Investments, L.P.","position":3,"cik":"0001573720","reported_name":"Stilwell Activist Investments, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23079,"kind":"organization","name":"Stilwell Activist Fund, L.P.","position":4,"cik":"0001564452","reported_name":"Stilwell Activist Fund, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23081,"kind":"organization","name":"Stilwell Value Partners VII, L.P.","position":5,"cik":"0001555931","reported_name":"Stilwell Value Partners VII, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23078,"kind":"organization","name":"Stilwell Associates, L.P.","position":6,"cik":"0000913960","reported_name":"STILWELL ASSOCIATES L P","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Series D Cumulative Convertible Preferred Stock","published_at":"2025-07-02T23:18:38.000Z","date":"2025-06-30","kind":"other","planned":false,"acquired":true,"shares":452,"ownership":{"direct":false,"nature":"See footnote"},"footnotes":[{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F8","text":"Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.000001 shares of the Issuer's common stock (a conversion price of $17,095,680 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"shares","element":"transactionShares","label":"F7","text":"As disclosed in the Issuer's Form 8-K filed with the Securities and Exchange Commission on May 22, 2025, the Issuer determined that interest on the Notes payable on June 30, 2025, would be paid in the form of Series D Preferred Stock. On June 30, 2025, the Issuer issued shares of Series D Preferred Stock to the Reporting Person as payment of interest with respect to the Notes, in accordance with the terms thereof and of the Indenture among the Issuer and Wilmington Savings Fund Society, FSB, as Trustee, governing the terms of the Notes (the \"Indenture\")."},{"field":"price","element":"transactionPricePerShare","label":"F9","text":"In accordance with the terms of the Indenture, the number of shares of Series D Preferred Stock paid as interest on the Notes on June 30, 2025 was determined based on a per share value of $18.58379, calculated as the product of (x) the average of the per share volume-weighted average prices for Series D Preferred Stock for the 15 consecutive trading days ending on the third business day immediately preceding the interest payment date, and (y) 0.55."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F8","text":"Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.000001 shares of the Issuer's common stock (a conversion price of $17,095,680 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F8","text":"Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.000001 shares of the Issuer's common stock (a conversion price of $17,095,680 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F8","text":"Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.000001 shares of the Issuer's common stock (a conversion price of $17,095,680 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F4","text":"These securities are owned directly by Stilwell Associates, L.P. (\"SA\") and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SA. Joseph Stilwell disclaims beneficial ownership of all shares reported as owned indirectly except to the extent of his pecuniary interest therein."}],"balance_after":1361,"derivative":{"exercise_price":17095680,"underlying":"Common Stock","underlying_shares":0},"source":{"system":"sec-edgar","filing":"0001213900-25-061149","document":"ownership.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":12,"url":"https://www.sec.gov/Archives/edgar/data/913960/000121390025061149/ownership.xml","form_type":"4"}},{"id":1096577,"issuer":{"id":8666,"kind":"organization","name":"Wheeler Real Estate Investment Trust, Inc.","symbol":"WHLR"},"owners":[{"id":23076,"kind":"person","name":"Stilwell Joseph","position":1,"cik":"0001113303","reported_name":"STILWELL JOSEPH","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23077,"kind":"organization","name":"Stilwell Value LLC","position":2,"cik":"0001397076","reported_name":"Stilwell Value LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23080,"kind":"organization","name":"Stilwell Activist Investments, L.P.","position":3,"cik":"0001573720","reported_name":"Stilwell Activist Investments, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23079,"kind":"organization","name":"Stilwell Activist Fund, L.P.","position":4,"cik":"0001564452","reported_name":"Stilwell Activist Fund, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23081,"kind":"organization","name":"Stilwell Value Partners VII, L.P.","position":5,"cik":"0001555931","reported_name":"Stilwell Value Partners VII, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23078,"kind":"organization","name":"Stilwell Associates, L.P.","position":6,"cik":"0000913960","reported_name":"STILWELL ASSOCIATES L P","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Series D Cumulative Convertible Preferred Stock","published_at":"2025-07-02T23:18:38.000Z","date":"2025-06-30","kind":"other","planned":false,"acquired":true,"shares":7769,"ownership":{"direct":false,"nature":"See footnote"},"footnotes":[{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F8","text":"Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.000001 shares of the Issuer's common stock (a conversion price of $17,095,680 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"shares","element":"transactionShares","label":"F7","text":"As disclosed in the Issuer's Form 8-K filed with the Securities and Exchange Commission on May 22, 2025, the Issuer determined that interest on the Notes payable on June 30, 2025, would be paid in the form of Series D Preferred Stock. On June 30, 2025, the Issuer issued shares of Series D Preferred Stock to the Reporting Person as payment of interest with respect to the Notes, in accordance with the terms thereof and of the Indenture among the Issuer and Wilmington Savings Fund Society, FSB, as Trustee, governing the terms of the Notes (the \"Indenture\")."},{"field":"price","element":"transactionPricePerShare","label":"F9","text":"In accordance with the terms of the Indenture, the number of shares of Series D Preferred Stock paid as interest on the Notes on June 30, 2025 was determined based on a per share value of $18.58379, calculated as the product of (x) the average of the per share volume-weighted average prices for Series D Preferred Stock for the 15 consecutive trading days ending on the third business day immediately preceding the interest payment date, and (y) 0.55."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F8","text":"Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.000001 shares of the Issuer's common stock (a conversion price of $17,095,680 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F8","text":"Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.000001 shares of the Issuer's common stock (a conversion price of $17,095,680 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F8","text":"Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.000001 shares of the Issuer's common stock (a conversion price of $17,095,680 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"These securities are owned directly by Stilwell Value Partners VII, L.P. (\"SVP VII\") and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SVP VII. Joseph Stilwell disclaims beneficial ownership of all shares reported as owned indirectly except to the extent of his pecuniary interest therein."}],"balance_after":20452,"derivative":{"exercise_price":17095680,"underlying":"Common Stock","underlying_shares":0},"source":{"system":"sec-edgar","filing":"0001213900-25-061149","document":"ownership.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":11,"url":"https://www.sec.gov/Archives/edgar/data/913960/000121390025061149/ownership.xml","form_type":"4"}},{"id":1096576,"issuer":{"id":8666,"kind":"organization","name":"Wheeler Real Estate Investment Trust, Inc.","symbol":"WHLR"},"owners":[{"id":23076,"kind":"person","name":"Stilwell Joseph","position":1,"cik":"0001113303","reported_name":"STILWELL JOSEPH","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23077,"kind":"organization","name":"Stilwell Value LLC","position":2,"cik":"0001397076","reported_name":"Stilwell Value LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23080,"kind":"organization","name":"Stilwell Activist Investments, L.P.","position":3,"cik":"0001573720","reported_name":"Stilwell Activist Investments, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23079,"kind":"organization","name":"Stilwell Activist Fund, L.P.","position":4,"cik":"0001564452","reported_name":"Stilwell Activist Fund, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23081,"kind":"organization","name":"Stilwell Value Partners VII, L.P.","position":5,"cik":"0001555931","reported_name":"Stilwell Value Partners VII, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23078,"kind":"organization","name":"Stilwell Associates, L.P.","position":6,"cik":"0000913960","reported_name":"STILWELL ASSOCIATES L P","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Series D Cumulative Convertible Preferred Stock","published_at":"2025-07-02T23:18:38.000Z","date":"2025-06-30","kind":"other","planned":false,"acquired":true,"shares":4943,"ownership":{"direct":false,"nature":"See footnote"},"footnotes":[{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F8","text":"Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.000001 shares of the Issuer's common stock (a conversion price of $17,095,680 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"shares","element":"transactionShares","label":"F7","text":"As disclosed in the Issuer's Form 8-K filed with the Securities and Exchange Commission on May 22, 2025, the Issuer determined that interest on the Notes payable on June 30, 2025, would be paid in the form of Series D Preferred Stock. On June 30, 2025, the Issuer issued shares of Series D Preferred Stock to the Reporting Person as payment of interest with respect to the Notes, in accordance with the terms thereof and of the Indenture among the Issuer and Wilmington Savings Fund Society, FSB, as Trustee, governing the terms of the Notes (the \"Indenture\")."},{"field":"price","element":"transactionPricePerShare","label":"F9","text":"In accordance with the terms of the Indenture, the number of shares of Series D Preferred Stock paid as interest on the Notes on June 30, 2025 was determined based on a per share value of $18.58379, calculated as the product of (x) the average of the per share volume-weighted average prices for Series D Preferred Stock for the 15 consecutive trading days ending on the third business day immediately preceding the interest payment date, and (y) 0.55."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F8","text":"Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.000001 shares of the Issuer's common stock (a conversion price of $17,095,680 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F8","text":"Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.000001 shares of the Issuer's common stock (a conversion price of $17,095,680 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F8","text":"Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.000001 shares of the Issuer's common stock (a conversion price of $17,095,680 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"These securities are owned directly by Stilwell Activist Fund, L.P. (\"SAF\") and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SAF. Joseph Stilwell disclaims beneficial ownership of all shares reported as owned indirectly except to the extent of his pecuniary interest therein."}],"balance_after":14887,"derivative":{"exercise_price":17095680,"underlying":"Common Stock","underlying_shares":0},"source":{"system":"sec-edgar","filing":"0001213900-25-061149","document":"ownership.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":10,"url":"https://www.sec.gov/Archives/edgar/data/913960/000121390025061149/ownership.xml","form_type":"4"}},{"id":1096575,"issuer":{"id":8666,"kind":"organization","name":"Wheeler Real Estate Investment Trust, Inc.","symbol":"WHLR"},"owners":[{"id":23076,"kind":"person","name":"Stilwell Joseph","position":1,"cik":"0001113303","reported_name":"STILWELL JOSEPH","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23077,"kind":"organization","name":"Stilwell Value LLC","position":2,"cik":"0001397076","reported_name":"Stilwell Value LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23080,"kind":"organization","name":"Stilwell Activist Investments, L.P.","position":3,"cik":"0001573720","reported_name":"Stilwell Activist Investments, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23079,"kind":"organization","name":"Stilwell Activist Fund, L.P.","position":4,"cik":"0001564452","reported_name":"Stilwell Activist Fund, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23081,"kind":"organization","name":"Stilwell Value Partners VII, L.P.","position":5,"cik":"0001555931","reported_name":"Stilwell Value Partners VII, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23078,"kind":"organization","name":"Stilwell Associates, L.P.","position":6,"cik":"0000913960","reported_name":"STILWELL ASSOCIATES L P","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Series D Cumulative Convertible Preferred Stock","published_at":"2025-07-02T23:18:38.000Z","date":"2025-06-30","kind":"other","planned":false,"acquired":true,"shares":34467,"ownership":{"direct":false,"nature":"See footnote"},"footnotes":[{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F8","text":"Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.000001 shares of the Issuer's common stock (a conversion price of $17,095,680 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"shares","element":"transactionShares","label":"F7","text":"As disclosed in the Issuer's Form 8-K filed with the Securities and Exchange Commission on May 22, 2025, the Issuer determined that interest on the Notes payable on June 30, 2025, would be paid in the form of Series D Preferred Stock. On June 30, 2025, the Issuer issued shares of Series D Preferred Stock to the Reporting Person as payment of interest with respect to the Notes, in accordance with the terms thereof and of the Indenture among the Issuer and Wilmington Savings Fund Society, FSB, as Trustee, governing the terms of the Notes (the \"Indenture\")."},{"field":"price","element":"transactionPricePerShare","label":"F9","text":"In accordance with the terms of the Indenture, the number of shares of Series D Preferred Stock paid as interest on the Notes on June 30, 2025 was determined based on a per share value of $18.58379, calculated as the product of (x) the average of the per share volume-weighted average prices for Series D Preferred Stock for the 15 consecutive trading days ending on the third business day immediately preceding the interest payment date, and (y) 0.55."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F8","text":"Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.000001 shares of the Issuer's common stock (a conversion price of $17,095,680 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F8","text":"Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.000001 shares of the Issuer's common stock (a conversion price of $17,095,680 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F8","text":"Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.000001 shares of the Issuer's common stock (a conversion price of $17,095,680 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"These securities are owned directly by Stilwell Activist Investments, L.P. (\"SAI\") and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Stilwell Value LLC (\"Value\"), which is the general partner of SAI. Joseph Stilwell disclaims beneficial ownership of all shares reported as owned indirectly except to the extent of his pecuniary interest therein."}],"balance_after":103773,"derivative":{"exercise_price":17095680,"underlying":"Common Stock","underlying_shares":0},"source":{"system":"sec-edgar","filing":"0001213900-25-061149","document":"ownership.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":9,"url":"https://www.sec.gov/Archives/edgar/data/913960/000121390025061149/ownership.xml","form_type":"4"}},{"id":1094400,"issuer":{"id":8666,"kind":"organization","name":"Wheeler Real Estate Investment Trust, Inc.","symbol":"WHLR"},"owners":[{"id":61476,"kind":"person","name":"Campbell Kerry G.","position":1,"cik":"0001798184","reported_name":"Campbell Kerry G.","relationship":{"director":true,"officer":false,"ten_percent_owner":false,"other":false}}],"security":"Series D Cumulative Convertible Preferred Stock","published_at":"2025-07-02T12:53:28.000Z","date":"2025-06-30","kind":"other","planned":false,"acquired":true,"shares":188,"ownership":{"direct":true},"footnotes":[{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F1","text":"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 0.000001 shares of the Issuer's common stock (a conversion price of $17,095,680 per share of common stock)."},{"field":"shares","element":"transactionShares","label":"F2","text":"As disclosed in the Issuer's Form 8-K filed with the Securities and Exchange Commission on May 22, 2025, the Issuer determined that interest on the Issuer's 7.00% Subordinated Convertible\nNotes due 2031 (the \"Notes\") payable on June 30, 2025, would be paid in the form of Series D Preferred Stock. On June 30, 2025, the Issuer issued shares of the Series D Preferred Stock to\nthe Reporting Person as payment of interest with respect to the Notes, in accordance with the terms thereof and of the Indenture among the Issuer and Wilmington Savings Fund Society, FSB, as Trustee,\ngoverning the terms of the Notes (the \"Indenture\")."},{"field":"price","element":"transactionPricePerShare","label":"F4","text":"In accordance with the terms of the Indenture, the number of shares of Series D Preferred Stock paid as interest on the Notes on June 30, 2025, was determined based on a per share value of $18.58379, calculated as the product of (x) the average of the per share volume-weighted average prices for Series D Preferred Stock for the 15 consecutive trading days ending on the third business day immediately preceding the interest payment date, and (y) 0.55."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F1","text":"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 0.000001 shares of the Issuer's common stock (a conversion price of $17,095,680 per share of common stock)."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F3","text":"Series D Preferred Stock has no expiration date."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F1","text":"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 0.000001 shares of the Issuer's common stock (a conversion price of $17,095,680 per share of common stock)."}],"balance_after":1741,"derivative":{"exercise_price":17095680,"underlying":"Common Stock","underlying_shares":0},"source":{"system":"sec-edgar","filing":"0001798184-25-000005","document":"wk-form4_1751460802.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1527541/000179818425000005/wk-form4_1751460802.xml","form_type":"4"}},{"id":1094399,"issuer":{"id":8666,"kind":"organization","name":"Wheeler Real Estate Investment Trust, Inc.","symbol":"WHLR"},"owners":[{"id":32670,"kind":"person","name":"Franklin Michael Andrew","position":1,"cik":"0001697904","reported_name":"Franklin Michael Andrew","relationship":{"director":false,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"CEO"}}],"security":"Series D Cumulative Convertible Preferred Stock","published_at":"2025-07-02T12:37:13.000Z","date":"2025-06-30","kind":"other","planned":false,"acquired":true,"shares":50,"ownership":{"direct":true},"footnotes":[{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F1","text":"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 0.000001 shares of the Issuer's common stock (a conversion price of $17,095,680 per share of common stock)."},{"field":"shares","element":"transactionShares","label":"F2","text":"As disclosed in the Issuer's Form 8-K filed with the Securities and Exchange Commission on May 22, 2025, the Issuer determined that interest on the Issuer's 7.00% Subordinated Convertible\nNotes due 2031 (the \"Notes\") payable on June 30, 2025, would be paid in the form of Series D Preferred Stock. On June 30, 2025, the Issuer issued shares of the Series D Preferred Stock to\nthe Reporting Person as payment of interest with respect to the Notes, in accordance with the terms thereof and of the Indenture among the Issuer and Wilmington Savings Fund Society, FSB, as Trustee,\ngoverning the terms of the Notes (the \"Indenture\")."},{"field":"price","element":"transactionPricePerShare","label":"F4","text":"In accordance with the terms of the Indenture, the number of shares of Series D Preferred Stock paid as interest on the Notes on June 30, 2025, was determined based on a per share value of $18.58379, calculated as the product of (x) the average of the per share volume-weighted average prices for Series D Preferred Stock for the 15 consecutive trading days ending on the third business day immediately preceding the interest payment date, and (y) 0.55."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F1","text":"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 0.000001 shares of the Issuer's common stock (a conversion price of $17,095,680 per share of common stock)."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F3","text":"Series D Preferred Stock has no expiration date."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F1","text":"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 0.000001 shares of the Issuer's common stock (a conversion price of $17,095,680 per share of common stock)."}],"balance_after":555,"derivative":{"exercise_price":17095680,"underlying":"Common Stock","underlying_shares":0},"source":{"system":"sec-edgar","filing":"0001697904-25-000005","document":"wk-form4_1751459827.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1527541/000169790425000005/wk-form4_1751459827.xml","form_type":"4"}},{"id":1112484,"issuer":{"id":8666,"kind":"organization","name":"Wheeler Real Estate Investment Trust, Inc.","symbol":"WHLR"},"owners":[{"id":23076,"kind":"person","name":"Stilwell Joseph","position":1,"cik":"0001113303","reported_name":"STILWELL JOSEPH","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23077,"kind":"organization","name":"Stilwell Value LLC","position":2,"cik":"0001397076","reported_name":"Stilwell Value LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23080,"kind":"organization","name":"Stilwell Activist Investments, L.P.","position":3,"cik":"0001573720","reported_name":"Stilwell Activist Investments, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23079,"kind":"organization","name":"Stilwell Activist Fund, L.P.","position":4,"cik":"0001564452","reported_name":"Stilwell Activist Fund, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23081,"kind":"organization","name":"Stilwell Value Partners VII, L.P.","position":5,"cik":"0001555931","reported_name":"Stilwell Value Partners VII, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":23078,"kind":"organization","name":"Stilwell Associates, L.P.","position":6,"cik":"0000913960","reported_name":"STILWELL ASSOCIATES L P","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Series D Cumulative Convertible Preferred Stock","published_at":"2025-06-13T23:00:28.000Z","date":"2025-06-12","kind":"sale","planned":false,"acquired":false,"shares":2414,"price":33.2264,"value":80208.5296,"ownership":{"direct":false,"nature":"See footnote"},"footnotes":[{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F9","text":"Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.000001 shares of the Issuer's common stock (a conversion price of $17,095,680 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"shares","element":"transactionShares","label":"F10","text":"This Form 4 reports the following sales of Series D Preferred Stock on June 12, 2025: (i) SAI sold 13,193 shares at $33.2264 per share, (ii) SAF sold 1,893 shares at $33.2264 per share, and (iii) SVP VII sold 2,414 shares at $33.2264 per share."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F9","text":"Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.000001 shares of the Issuer's common stock (a conversion price of $17,095,680 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F9","text":"Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.000001 shares of the Issuer's common stock (a conversion price of $17,095,680 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F9","text":"Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.000001 shares of the Issuer's common stock (a conversion price of $17,095,680 per share of common stock). Series D Preferred Stock has no expiration date."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"These securities are owned directly by Stilwell Value Partners VII, L.P. (\"SVP VII\") and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SVP VII. Joseph Stilwell disclaims beneficial ownership of all shares reported as owned indirectly except to the extent of his pecuniary interest therein."}],"balance_after":12683,"derivative":{"exercise_price":17095680,"underlying":"Common Stock","underlying_shares":0},"source":{"system":"sec-edgar","filing":"0001213900-25-054414","document":"ownership.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":11,"url":"https://www.sec.gov/Archives/edgar/data/913960/000121390025054414/ownership.xml","form_type":"4"}}],"next_cursor":"2025-06-13T23:00:28.000000Z,1112484"}