Magnetar Financial LLC, acting in conjunction with affiliated vehicles, recorded sales of Wheeler Real Estate Investment Trust, Inc. common stock that generated aggregate proceeds of $79,552. The activity, disclosed on a Form 4 with the Securities and Exchange Commission, took place over a five-day span from April 10 through April 14, 2026.
The filings show a total of 93,800 shares were sold across three transaction dates. Prices per share in the disclosed trades ranged from $0.7658 to $0.8559. Market data at the time of the filing lists Wheeler’s share price at $0.78, down from a prior close of $0.89. The filing also notes that the share price has declined roughly 99.75% over the preceding 12 months.
Breakdown of the reported trades is as follows:
- April 10, 2026 - 1,413 shares sold at an average price of $0.8337 per share.
- April 13, 2026 - 87,177 shares sold at an average price of $0.8559 per share.
- April 14, 2026 - 4,910 shares sold at an average price of $0.7658 per share.
The Form 4 explains the corporate structure around the holdings. Magnetar Financial LLC is identified as the investment manager for several Magnetar Vehicles that hold the Wheeler securities. Magnetar Capital Partners LP is listed as the sole member and parent holding company of Magnetar Financial LLC. Supernova Management LLC is named as the general partner of Magnetar Capital Partners, and David J. Snyderman is identified as the current administrative manager. The filing includes a disclaimer of beneficial ownership.
Alongside these insider-sale disclosures, Wheeler’s recent SEC filings contain a number of corporate actions and capital-structure moves. The company announced a one-for-three reverse stock split, effective April 17, 2026, which will consolidate every three outstanding common shares into one. That action reduces the company’s outstanding share count from approximately 1,813,124 to about 604,374.
Wheeler also adjusted the conversion price for its 7.00% Subordinated Convertible Notes due 2031, a change made following the company’s recent redemption activity involving Series D Preferred Stock. The filings indicate Wheeler processed five redemption requests and redeemed 5,200 shares of Series D Preferred Stock at approximately $41.28 per share. Those redemptions were satisfied through the issuance of 207,066 shares of common stock.
In a related capital transaction, Wheeler issued 146,666 shares of Series D Cumulative Convertible Preferred Stock to unaffiliated investors in exchange for shares from one of its subsidiaries. The company also disclosed leadership turnover, with the departure of its Chief Financial Officer and the interim appointment of Patrick Gundlach as Chief Accounting Officer and Treasurer. These corporate and capital-market developments were detailed in the company’s recent SEC filings.
In addition to the transactional and corporate-update disclosures, the filing references third-party analysis from InvestingPro, which characterizes Wheeler’s shares as trading below Fair Value and lists WHLR among names identified as undervalued. The InvestingPro service is reported to include additional tips for subscribers specific to WHLR.
This report aggregates the details disclosed in recent SEC filings and associated market data.