WHLR

SEC source: 0001213900-20-014139 · ownership.xml · nonDerivative · entry 2

Khoshaba Daniel · CIK 0001457592 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,040,352

SEC source: 0001213900-20-014188 · ownership.xml · nonDerivative · entry 1

Jones Andrew R · CIK 0001392977 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · Held in managed funds

Disclosed balance after: 0

F1 · price: The price reported in Column 4 is a weighted average price. These shares were purchased in transactions at prices ranging from $1.45 to $1.46, inclusive. The reporting person undertakes to provide to Wheeler Real Estate Investment Trust, Inc. (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

F2 · ownership.nature: These shares are held by various investment partnerships, funds and managed accounts, in which NS Advisors, LLC ("NS Advisors") serves as the investment manager. Mr. Jones is the managing member of NS Advisors and has sole voting and investment authority over the shares.

SEC source: 0001213900-20-014046 · ownership.xml · nonDerivative · entry 2

Jones Andrew R · CIK 0001392977 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · Held in managed funds

Disclosed balance after: 29,623

F1 · ownership.nature: These shares are held by various investment partnerships, funds and managed accounts, in which NS Advisors, LLC ("NS Advisors") serves as the investment manager. Mr. Jones is the managing member of NS Advisors and has sole voting and investment authority over the shares.

SEC source: 0001213900-20-014046 · ownership.xml · nonDerivative · entry 1

Jones Andrew R · CIK 0001392977 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · Held in managed funds

Disclosed balance after: 49,240

F1 · ownership.nature: These shares are held by various investment partnerships, funds and managed accounts, in which NS Advisors, LLC ("NS Advisors") serves as the investment manager. Mr. Jones is the managing member of NS Advisors and has sole voting and investment authority over the shares.

SEC source: 0001213900-20-014145 · ownership.xml · nonDerivative · entry 3

STILWELL JOSEPH · CIK 0001113303 · Director · 10% owner

Stilwell Value LLC · CIK 0001397076 · 10% owner

Stilwell Activist Investments, L.P. · CIK 0001573720 · 10% owner

Stilwell Activist Fund, L.P. · CIK 0001564452 · 10% owner

Stilwell Value Partners VII, L.P. · CIK 0001555931 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 726,552

F2 · shares: This Form 4 reports the following acquisitions: (a) on June 2, 2020, Stilwell Activist Fund, L.P. ("SAF") acquired 11,841 shares of Wheeler Real Estate Investment Trust, Inc.'s (the "Company") common stock at $1.4500 USD per share; and (b) on June 2, 2020, Stilwell Activist Investments, L.P. ("SAI") acquired 69,665 shares of the Company's common stock at $1.4500 USD per share.

F4 · ownership.nature: These shares are owned directly by SAI and indirectly by Joseph Stilwell in his capacity as the managing member and owner of 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.

SEC source: 0001213900-20-014145 · ownership.xml · nonDerivative · entry 2

STILWELL JOSEPH · CIK 0001113303 · Director · 10% owner

Stilwell Value LLC · CIK 0001397076 · 10% owner

Stilwell Activist Investments, L.P. · CIK 0001573720 · 10% owner

Stilwell Activist Fund, L.P. · CIK 0001564452 · 10% owner

Stilwell Value Partners VII, L.P. · CIK 0001555931 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 100,036

F2 · shares: This Form 4 reports the following acquisitions: (a) on June 2, 2020, Stilwell Activist Fund, L.P. ("SAF") acquired 11,841 shares of Wheeler Real Estate Investment Trust, Inc.'s (the "Company") common stock at $1.4500 USD per share; and (b) on June 2, 2020, Stilwell Activist Investments, L.P. ("SAI") acquired 69,665 shares of the Company's common stock at $1.4500 USD per share.

F3 · ownership.nature: These shares are owned directly by 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.

SEC source: 0001213900-20-014139 · ownership.xml · nonDerivative · entry 1

Khoshaba Daniel · CIK 0001457592 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,023,000

F1 · price: The price reported in Column 4 is a weighted average price. These shares were purchased in transactions at prices ranging from $1.4200 to $1.4500, inclusive. The reporting person undertakes to provide to Wheeler Real Estate Investment Trust, Inc. (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 purchased at each separate price within the range set forth in this footnote.

SEC source: 0001213900-20-013894 · ownership.xml · nonDerivative · entry 2

Jones Andrew R · CIK 0001392977 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · Held in managed funds

Disclosed balance after: 161,506

F2 · ownership.nature: These shares are held by various investment partnerships, funds and managed accounts, in which NS Advisors, LLC ("NS Advisors") serves as the investment manager. Mr. Jones is the managing member of NS Advisors and has sole voting and investment authority over the shares.

SEC source: 0001213900-20-013894 · ownership.xml · nonDerivative · entry 1

Jones Andrew R · CIK 0001392977 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · Held in managed funds

Disclosed balance after: 162,406

F1 · price: The price reported in Column 4 is a weighted average price. These shares were purchased in transactions at prices ranging from $1.37 to $1.45, inclusive. The reporting person undertakes to provide to Wheeler Real Estate Investment Trust, Inc. (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

F2 · ownership.nature: These shares are held by various investment partnerships, funds and managed accounts, in which NS Advisors, LLC ("NS Advisors") serves as the investment manager. Mr. Jones is the managing member of NS Advisors and has sole voting and investment authority over the shares.

SEC source: 0001213900-20-013826 · ownership.xml · nonDerivative · entry 1

Jones Andrew R · CIK 0001392977 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · Held in managed funds

Disclosed balance after: 224,884

F1 · price: The price reported in Column 4 is a weighted average price. These shares were purchased in transactions at prices ranging from $1.34 to $1.56, inclusive. The reporting person undertakes to provide to Wheeler Real Estate Investment Trust, Inc. (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

F2 · ownership.nature: These shares are held by various investment partnerships, funds and managed accounts, in which NS Advisors, LLC ("NS Advisors") serves as the investment manager. Mr. Jones is the managing member of NS Advisors and has sole voting and investment authority over the shares.

SEC source: 0001213900-20-013690 · ownership.xml · derivative · entry 13

STILWELL JOSEPH · CIK 0001113303 · Director · 10% owner

Stilwell Value LLC · CIK 0001397076 · Director · 10% owner

Stilwell Activist Investments, L.P. · CIK 0001573720 · Director · 10% owner

Stilwell Activist Fund, L.P. · CIK 0001564452 · Director · 10% owner

Stilwell Value Partners VII, L.P. · CIK 0001555931 · Director · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 19,859

Underlying: Common Stock · 3,036 shares

Expires not disclosed

F10 · shares: This Form 4 reports that on May 27, 2020, SVP VII acquired 2,060 shares of Series D Stock at $10.0000 USD per share.

F5 · derivative.exercise_date: As disclosed in the Wheeler Real Estate Investment Trust, Inc.'s (the "Company") Form 8-K filed with the Securities and Exchange Commission ("SEC") on April 3, 2017, each share of Series D Cumulative Convertible Preferred Stock (the "Series D Stock") is convertible into 1.474 shares of the Company's common stock. The Series D Stock has no expiration date.

F5 · derivative.expiration_date: As disclosed in the Wheeler Real Estate Investment Trust, Inc.'s (the "Company") Form 8-K filed with the Securities and Exchange Commission ("SEC") on April 3, 2017, each share of Series D Cumulative Convertible Preferred Stock (the "Series D Stock") is convertible into 1.474 shares of the Company's common stock. The Series D Stock has no expiration date.

F1 · ownership.nature: These shares 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 Stilwell Value LLC ("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.

SEC source: 0001213900-20-013699 · ownership.xml · nonDerivative · entry 1

Jones Andrew R · CIK 0001392977 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · Held in managed funds

Disclosed balance after: 306,183

F1 · price: The price reported in Column 4 is a weighted average price. These shares were purchased in transactions at prices ranging from $1.30 to $1.42, inclusive. The reporting person undertakes to provide to Wheeler Real Estate Investment Trust, Inc. (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

F2 · ownership.nature: These shares are held by various investment partnerships, funds and managed accounts, in which NS Advisors, LLC ("NS Advisors") serves as the investment manager. Mr. Jones is the managing member of NS Advisors and has sole voting and investment authority over the shares.

SEC source: 0001213900-20-013585 · ownership.xml · nonDerivative · entry 1

Khoshaba Daniel · CIK 0001457592 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 988,000

F1 · price: The price reported in Column 4 is a weighted average price. These shares were purchased in transactions at prices ranging from $1.3500 to $1.4500, inclusive. The reporting person undertakes to provide to Wheeler Real Estate Investment Trust, Inc. (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 purchased at each separate price within the range set forth in this footnote.

SEC source: 0001213900-20-013450 · ownership.xml · derivative · entry 13

STILWELL JOSEPH · CIK 0001113303 · Director · 10% owner

Stilwell Value LLC · CIK 0001397076 · Director · 10% owner

Stilwell Activist Investments, L.P. · CIK 0001573720 · Director · 10% owner

Stilwell Activist Fund, L.P. · CIK 0001564452 · Director · 10% owner

Stilwell Value Partners VII, L.P. · CIK 0001555931 · Director · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 17,799

Underlying: Common Stock · 147 shares

Expires not disclosed

F10 · shares: This Form 4 reports that on May 21, 2020, SVP VII acquired 100 shares of Series D Stock at $9.7500 USD per share.

F5 · derivative.exercise_date: As disclosed in the Wheeler Real Estate Investment Trust, Inc.'s (the "Company") Form 8-K filed with the Securities and Exchange Commission ("SEC") on April 3, 2017, each share of Series D Cumulative Convertible Preferred Stock (the "Series D Stock") is convertible into 1.474 shares of the Company's common stock. The Series D Stock has no expiration date.

F5 · derivative.expiration_date: As disclosed in the Wheeler Real Estate Investment Trust, Inc.'s (the "Company") Form 8-K filed with the Securities and Exchange Commission ("SEC") on April 3, 2017, each share of Series D Cumulative Convertible Preferred Stock (the "Series D Stock") is convertible into 1.474 shares of the Company's common stock. The Series D Stock has no expiration date.

F1 · ownership.nature: These shares 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 Stilwell Value LLC ("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.

SEC source: 0001213900-20-012954 · ownership.xml · derivative · entry 14

STILWELL JOSEPH · CIK 0001113303 · Director · 10% owner

Stilwell Value LLC · CIK 0001397076 · Director · 10% owner

Stilwell Activist Investments, L.P. · CIK 0001573720 · Director · 10% owner

Stilwell Activist Fund, L.P. · CIK 0001564452 · Director · 10% owner

Stilwell Value Partners VII, L.P. · CIK 0001555931 · Director · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 5,296

Underlying: Common Stock · 894 shares

Expires not disclosed

F10 · shares: This Form 4 reports the following acquisitions: (a) on May 15, 2020, SAI acquired 4,031 shares of Series D Stock at $8.0615 USD per share; (b) on May 18, 2020, SAI acquired 1,879 shares of Series D Stock at $8.7859 USD per share; and (c) on May 18, 2020, SAF acquired 607 shares of Series D Stock at $8.7859 USD per share.

F5 · derivative.exercise_date: As disclosed in the Wheeler Real Estate Investment Trust, Inc.'s (the "Company") Form 8-K filed with the Securities and Exchange Commission ("SEC") on April 3, 2017, each share of Series D Cumulative Convertible Preferred Stock (the "Series D Stock") is convertible into 1.474 shares of the Company's common stock. The Series D Stock has no expiration date.

F5 · derivative.expiration_date: As disclosed in the Wheeler Real Estate Investment Trust, Inc.'s (the "Company") Form 8-K filed with the Securities and Exchange Commission ("SEC") on April 3, 2017, each share of Series D Cumulative Convertible Preferred Stock (the "Series D Stock") is convertible into 1.474 shares of the Company's common stock. The Series D Stock has no expiration date.

F2 · ownership.nature: These shares 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.

SEC source: 0001213900-20-012954 · ownership.xml · derivative · entry 13

STILWELL JOSEPH · CIK 0001113303 · Director · 10% owner

Stilwell Value LLC · CIK 0001397076 · Director · 10% owner

Stilwell Activist Investments, L.P. · CIK 0001573720 · Director · 10% owner

Stilwell Activist Fund, L.P. · CIK 0001564452 · Director · 10% owner

Stilwell Value Partners VII, L.P. · CIK 0001555931 · Director · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 42,786

Underlying: Common Stock · 2,769 shares

Expires not disclosed

F10 · shares: This Form 4 reports the following acquisitions: (a) on May 15, 2020, SAI acquired 4,031 shares of Series D Stock at $8.0615 USD per share; (b) on May 18, 2020, SAI acquired 1,879 shares of Series D Stock at $8.7859 USD per share; and (c) on May 18, 2020, SAF acquired 607 shares of Series D Stock at $8.7859 USD per share.

F5 · derivative.exercise_date: As disclosed in the Wheeler Real Estate Investment Trust, Inc.'s (the "Company") Form 8-K filed with the Securities and Exchange Commission ("SEC") on April 3, 2017, each share of Series D Cumulative Convertible Preferred Stock (the "Series D Stock") is convertible into 1.474 shares of the Company's common stock. The Series D Stock has no expiration date.

F5 · derivative.expiration_date: As disclosed in the Wheeler Real Estate Investment Trust, Inc.'s (the "Company") Form 8-K filed with the Securities and Exchange Commission ("SEC") on April 3, 2017, each share of Series D Cumulative Convertible Preferred Stock (the "Series D Stock") is convertible into 1.474 shares of the Company's common stock. The Series D Stock has no expiration date.

F3 · ownership.nature: These shares 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 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.

SEC source: 0001213900-20-012782 · ownership.xml · nonDerivative · entry 1

Poskon Paula · CIK 0001798230 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 50,200

SEC source: 0001213900-20-012954 · ownership.xml · derivative · entry 12

STILWELL JOSEPH · CIK 0001113303 · Director · 10% owner

Stilwell Value LLC · CIK 0001397076 · Director · 10% owner

Stilwell Activist Investments, L.P. · CIK 0001573720 · Director · 10% owner

Stilwell Activist Fund, L.P. · CIK 0001564452 · Director · 10% owner

Stilwell Value Partners VII, L.P. · CIK 0001555931 · Director · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 40,907

Underlying: Common Stock · 5,941 shares

Expires not disclosed

F10 · shares: This Form 4 reports the following acquisitions: (a) on May 15, 2020, SAI acquired 4,031 shares of Series D Stock at $8.0615 USD per share; (b) on May 18, 2020, SAI acquired 1,879 shares of Series D Stock at $8.7859 USD per share; and (c) on May 18, 2020, SAF acquired 607 shares of Series D Stock at $8.7859 USD per share.

F5 · derivative.exercise_date: As disclosed in the Wheeler Real Estate Investment Trust, Inc.'s (the "Company") Form 8-K filed with the Securities and Exchange Commission ("SEC") on April 3, 2017, each share of Series D Cumulative Convertible Preferred Stock (the "Series D Stock") is convertible into 1.474 shares of the Company's common stock. The Series D Stock has no expiration date.

F5 · derivative.expiration_date: As disclosed in the Wheeler Real Estate Investment Trust, Inc.'s (the "Company") Form 8-K filed with the Securities and Exchange Commission ("SEC") on April 3, 2017, each share of Series D Cumulative Convertible Preferred Stock (the "Series D Stock") is convertible into 1.474 shares of the Company's common stock. The Series D Stock has no expiration date.

F3 · ownership.nature: These shares 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 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.

SEC source: 0001213900-20-012530 · ownership.xml · derivative · entry 2

Campbell Kerry G. · CIK 0001798184 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,121

Underlying: Common Stock · 4,600 shares

Expires not disclosed

F3 · price: The price reported in Column 7 is a weighted average price. These shares were purchased in transactions at prices ranging from $7.5332 to $8.0100, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

F2 · derivative.exercise_date: As disclosed in the Issuer's Form 8-K filed with the SEC on April 3, 2017, each share of Series D Cumulative Convertible Preferred Stock (the "Series D Stock") is convertible into 1.474 shares of the Issuer's common stock. The Series D Stock has no expiration date.

F2 · derivative.expiration_date: As disclosed in the Issuer's Form 8-K filed with the SEC on April 3, 2017, each share of Series D Cumulative Convertible Preferred Stock (the "Series D Stock") is convertible into 1.474 shares of the Issuer's common stock. The Series D Stock has no expiration date.

SEC source: 0001213900-20-012530 · ownership.xml · nonDerivative · entry 1

Campbell Kerry G. · CIK 0001798184 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 72,000

F1 · price: The price reported in Column 4 is a weighted average price. These shares were purchased in transactions at prices ranging from $1.1823 to $1.5500, inclusive. The reporting person undertakes to provide to Wheeler Real Estate Investment Trust, Inc. (the "Issuer"), any security holder of the Issuer, or the staff of the Securities and Exchange Commission (the "SEC"), upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

SEC source: 0001213900-20-012836 · ownership.xml · nonDerivative · entry 1

Khoshaba Daniel · CIK 0001457592 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 973,000

F1 · price: The price reported in Column 4 is a weighted average price. These shares were purchased in transactions at prices ranging from $1.2500 to $1.3500, inclusive. The reporting person undertakes to provide to Wheeler Real Estate Investment Trust, Inc. (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 purchased at each separate price within the range set forth in this footnote.

SEC source: 0001766020-20-000003 · primary_doc.xml · nonDerivative · entry 2

Steamboat Capital Partners GP, LLC · CIK 0001766020 · 10% owner

Steamboat Capital Partners Master Fund, LP · CIK 0001765894 · 10% owner

Kiai Parsa · CIK 0001766850 · 10% owner

Steamboat Capital Partners II LP · CIK 0001737290 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · Note 5

Disclosed balance after: 0

F2 · shares: Shares were acquired by Steamboat Capital Partners II, LP (II) which owns 9536 shares of Series D and 6702 shares of Series B.

F3 · shares: Shares were bought to cover a short position that predated becoming subject to Section 16.

F4 · price: The price reported in Column 4 is a weighted average price. These shares were bought in multiple transactions at prices ranging from $1.08 to $1.10 inclusive. The relevant filers 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 bought at each separate price within the range set forth herein.

F2 · balance_after: Shares were acquired by Steamboat Capital Partners II, LP (II) which owns 9536 shares of Series D and 6702 shares of Series B.

F3 · balance_after: Shares were bought to cover a short position that predated becoming subject to Section 16.

F5 · ownership.nature: Steamboat Capital Partners GP, LLC (GP) is general partner of, and receives a performance allocation from, each of Master and II. Parsa Kiai (Kiai) is the Managing Member of GP. Accordingly, GP and Kiai may be deemed to have a pecuniary interest in shares owned by Master and II. GP, Master, Kiai, and II are filers of this report, filing jointly but not as a group and each disclaims beneficial ownership of securities reported hereon except to the extent of its pecuniary interest therein.

SEC source: 0001766020-20-000003 · primary_doc.xml · nonDerivative · entry 1

Steamboat Capital Partners GP, LLC · CIK 0001766020 · 10% owner

Steamboat Capital Partners Master Fund, LP · CIK 0001765894 · 10% owner

Kiai Parsa · CIK 0001766850 · 10% owner

Steamboat Capital Partners II LP · CIK 0001737290 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · Note 5

Disclosed balance after: 0

F1 · shares: Shares were acquired by Steamboat Capital Partners Master Fund, LP (Master) which owns 511,644 shares of Series D Cumulative Convertible Preferred Stock (Series D) and 381,253 shares of Series B Convertible Preferred Stock (Series B).

F3 · shares: Shares were bought to cover a short position that predated becoming subject to Section 16.

F4 · price: The price reported in Column 4 is a weighted average price. These shares were bought in multiple transactions at prices ranging from $1.08 to $1.10 inclusive. The relevant filers 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 bought at each separate price within the range set forth herein.

F1 · balance_after: Shares were acquired by Steamboat Capital Partners Master Fund, LP (Master) which owns 511,644 shares of Series D Cumulative Convertible Preferred Stock (Series D) and 381,253 shares of Series B Convertible Preferred Stock (Series B).

F3 · balance_after: Shares were bought to cover a short position that predated becoming subject to Section 16.

F5 · ownership.nature: Steamboat Capital Partners GP, LLC (GP) is general partner of, and receives a performance allocation from, each of Master and II. Parsa Kiai (Kiai) is the Managing Member of GP. Accordingly, GP and Kiai may be deemed to have a pecuniary interest in shares owned by Master and II. GP, Master, Kiai, and II are filers of this report, filing jointly but not as a group and each disclaims beneficial ownership of securities reported hereon except to the extent of its pecuniary interest therein.

SEC source: 0001766020-20-000002 · primary_doc.xml · nonDerivative · entry 4

Steamboat Capital Partners GP, LLC · CIK 0001766020 · 10% owner

Steamboat Capital Partners, LLC · CIK 0001635663 · 10% owner

Kiai Parsa · CIK 0001766850 · 10% owner

Steamboat Capital Partners II LP · CIK 0001737290 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnore

Disclosed balance after: 0

F2 · shares: Shares were acquired by Steamboat Capital Partners II, LP (II) which owns 9536 shares of Series D and 6702 shares of Series B.

F3 · shares: Shares were bought to cover a short position that pre-dated becoming subject to Section 16.

F6 · price: The price reported in Column 4 is a weighted average price. These shares were bought in multiple transactions at prices ranging from $0.99 to $1.00, inclusive. The relevant filers 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 herein.

F2 · balance_after: Shares were acquired by Steamboat Capital Partners II, LP (II) which owns 9536 shares of Series D and 6702 shares of Series B.

F3 · balance_after: Shares were bought to cover a short position that pre-dated becoming subject to Section 16.

F5 · ownership.direct: Steamboat Capital Partners GP, LLC (GP) is general partner of, and receives a performance allocation from, each of Master and II. Parsa Kiai (Kiai) is the Managing Member of GP. Accordingly, GP and Kiai may be deemed to have a pecuniary interest in shares owned by Master and II. GP, Master, Kiai and II are filers of this report, filing jointly but not as a group and each disclaims beneficial ownership of securities reported hereon except to the extent of its pecuniary interest therein.

F5 · ownership.nature: Steamboat Capital Partners GP, LLC (GP) is general partner of, and receives a performance allocation from, each of Master and II. Parsa Kiai (Kiai) is the Managing Member of GP. Accordingly, GP and Kiai may be deemed to have a pecuniary interest in shares owned by Master and II. GP, Master, Kiai and II are filers of this report, filing jointly but not as a group and each disclaims beneficial ownership of securities reported hereon except to the extent of its pecuniary interest therein.

SEC source: 0001766020-20-000002 · primary_doc.xml · nonDerivative · entry 3

Steamboat Capital Partners GP, LLC · CIK 0001766020 · 10% owner

Steamboat Capital Partners, LLC · CIK 0001635663 · 10% owner

Kiai Parsa · CIK 0001766850 · 10% owner

Steamboat Capital Partners II LP · CIK 0001737290 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 0

F1 · shares: Shares were acquired by Steamboat Capital Partners Master Fund, LP (Master) which owns 511,644 shares of Series D Cumulative Convertible Preferred Stock (Series D) and 381,253 shares of Series B Convertible Preferred Stock (Series B).

F3 · shares: Shares were bought to cover a short position that pre-dated becoming subject to Section 16.

F6 · price: The price reported in Column 4 is a weighted average price. These shares were bought in multiple transactions at prices ranging from $0.99 to $1.00, inclusive. The relevant filers 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 herein.

F1 · balance_after: Shares were acquired by Steamboat Capital Partners Master Fund, LP (Master) which owns 511,644 shares of Series D Cumulative Convertible Preferred Stock (Series D) and 381,253 shares of Series B Convertible Preferred Stock (Series B).

F3 · balance_after: Shares were bought to cover a short position that pre-dated becoming subject to Section 16.

F5 · ownership.direct: Steamboat Capital Partners GP, LLC (GP) is general partner of, and receives a performance allocation from, each of Master and II. Parsa Kiai (Kiai) is the Managing Member of GP. Accordingly, GP and Kiai may be deemed to have a pecuniary interest in shares owned by Master and II. GP, Master, Kiai and II are filers of this report, filing jointly but not as a group and each disclaims beneficial ownership of securities reported hereon except to the extent of its pecuniary interest therein.

F5 · ownership.nature: Steamboat Capital Partners GP, LLC (GP) is general partner of, and receives a performance allocation from, each of Master and II. Parsa Kiai (Kiai) is the Managing Member of GP. Accordingly, GP and Kiai may be deemed to have a pecuniary interest in shares owned by Master and II. GP, Master, Kiai and II are filers of this report, filing jointly but not as a group and each disclaims beneficial ownership of securities reported hereon except to the extent of its pecuniary interest therein.

SEC source: 0001766020-20-000002 · primary_doc.xml · nonDerivative · entry 2

Steamboat Capital Partners GP, LLC · CIK 0001766020 · 10% owner

Steamboat Capital Partners, LLC · CIK 0001635663 · 10% owner

Kiai Parsa · CIK 0001766850 · 10% owner

Steamboat Capital Partners II LP · CIK 0001737290 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 0

F2 · shares: Shares were acquired by Steamboat Capital Partners II, LP (II) which owns 9536 shares of Series D and 6702 shares of Series B.

F3 · shares: Shares were bought to cover a short position that pre-dated becoming subject to Section 16.

F4 · price: The price reported in Column 4 is a weighted average price. These shares were bought in multiple transactions at prices ranging from $1.11 to $1.15, inclusive. The relevant filers 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 herein.

F2 · balance_after: Shares were acquired by Steamboat Capital Partners II, LP (II) which owns 9536 shares of Series D and 6702 shares of Series B.

F3 · balance_after: Shares were bought to cover a short position that pre-dated becoming subject to Section 16.

F5 · ownership.direct: Steamboat Capital Partners GP, LLC (GP) is general partner of, and receives a performance allocation from, each of Master and II. Parsa Kiai (Kiai) is the Managing Member of GP. Accordingly, GP and Kiai may be deemed to have a pecuniary interest in shares owned by Master and II. GP, Master, Kiai and II are filers of this report, filing jointly but not as a group and each disclaims beneficial ownership of securities reported hereon except to the extent of its pecuniary interest therein.

F5 · ownership.nature: Steamboat Capital Partners GP, LLC (GP) is general partner of, and receives a performance allocation from, each of Master and II. Parsa Kiai (Kiai) is the Managing Member of GP. Accordingly, GP and Kiai may be deemed to have a pecuniary interest in shares owned by Master and II. GP, Master, Kiai and II are filers of this report, filing jointly but not as a group and each disclaims beneficial ownership of securities reported hereon except to the extent of its pecuniary interest therein.

SEC source: 0001766020-20-000002 · primary_doc.xml · nonDerivative · entry 1

Steamboat Capital Partners GP, LLC · CIK 0001766020 · 10% owner

Steamboat Capital Partners, LLC · CIK 0001635663 · 10% owner

Kiai Parsa · CIK 0001766850 · 10% owner

Steamboat Capital Partners II LP · CIK 0001737290 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 0

F1 · shares: Shares were acquired by Steamboat Capital Partners Master Fund, LP (Master) which owns 511,644 shares of Series D Cumulative Convertible Preferred Stock (Series D) and 381,253 shares of Series B Convertible Preferred Stock (Series B).

F3 · shares: Shares were bought to cover a short position that pre-dated becoming subject to Section 16.

F4 · price: The price reported in Column 4 is a weighted average price. These shares were bought in multiple transactions at prices ranging from $1.11 to $1.15, inclusive. The relevant filers 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 herein.

F1 · balance_after: Shares were acquired by Steamboat Capital Partners Master Fund, LP (Master) which owns 511,644 shares of Series D Cumulative Convertible Preferred Stock (Series D) and 381,253 shares of Series B Convertible Preferred Stock (Series B).

F3 · balance_after: Shares were bought to cover a short position that pre-dated becoming subject to Section 16.

F5 · ownership.direct: Steamboat Capital Partners GP, LLC (GP) is general partner of, and receives a performance allocation from, each of Master and II. Parsa Kiai (Kiai) is the Managing Member of GP. Accordingly, GP and Kiai may be deemed to have a pecuniary interest in shares owned by Master and II. GP, Master, Kiai and II are filers of this report, filing jointly but not as a group and each disclaims beneficial ownership of securities reported hereon except to the extent of its pecuniary interest therein.

F5 · ownership.nature: Steamboat Capital Partners GP, LLC (GP) is general partner of, and receives a performance allocation from, each of Master and II. Parsa Kiai (Kiai) is the Managing Member of GP. Accordingly, GP and Kiai may be deemed to have a pecuniary interest in shares owned by Master and II. GP, Master, Kiai and II are filers of this report, filing jointly but not as a group and each disclaims beneficial ownership of securities reported hereon except to the extent of its pecuniary interest therein.

SEC source: 0001213900-20-008351 · ownership.xml · derivative · entry 15

STILWELL JOSEPH · CIK 0001113303 · Director · 10% owner

Stilwell Value LLC · CIK 0001397076 · Director · 10% owner

Stilwell Activist Investments, L.P. · CIK 0001573720 · Director · 10% owner

Stilwell Activist Fund, L.P. · CIK 0001564452 · Director · 10% owner

Stilwell Value Partners VII, L.P. · CIK 0001555931 · Director · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 8,200

Underlying: Common Stock · 2,000 shares

Expires not disclosed

F9 · shares: This Form 4 reports the following acquisitions: (a) on March 30, 2020, SVP II acquired 7,609 shares of Series D Stock at $6.9432 USD per share; (b) on March 30, 2020, SVP II acquired 5,000 shares of Series B Stock at $5.8051 USD per share; (c) on March 31, 2020, SVP II acquired 1,688 shares of Series D Stock at $8.7491 USD per share; and (d) on March 31, 2020, SVP II acquired 5,000 shares of Series B Stock at $5.9814 USD per share.

F10 · derivative.exercise_date: As disclosed in the Company's Form 8-K filed with the SEC on April 3, 2017, each share of Series B Stock is convertible into 0.625 shares of the Company's common stock. The Series B Stock has no expiration date.

F10 · derivative.expiration_date: As disclosed in the Company's Form 8-K filed with the SEC on April 3, 2017, each share of Series B Stock is convertible into 0.625 shares of the Company's common stock. The Series B Stock has no expiration date.

F1 · ownership.nature: These shares 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 Stilwell Value LLC ("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.

SEC source: 0001213900-20-008351 · ownership.xml · derivative · entry 13

STILWELL JOSEPH · CIK 0001113303 · Director · 10% owner

Stilwell Value LLC · CIK 0001397076 · Director · 10% owner

Stilwell Activist Investments, L.P. · CIK 0001573720 · Director · 10% owner

Stilwell Activist Fund, L.P. · CIK 0001564452 · Director · 10% owner

Stilwell Value Partners VII, L.P. · CIK 0001555931 · Director · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 17,699

Underlying: Common Stock · 2,488 shares

Expires not disclosed

F9 · shares: This Form 4 reports the following acquisitions: (a) on March 30, 2020, SVP II acquired 7,609 shares of Series D Stock at $6.9432 USD per share; (b) on March 30, 2020, SVP II acquired 5,000 shares of Series B Stock at $5.8051 USD per share; (c) on March 31, 2020, SVP II acquired 1,688 shares of Series D Stock at $8.7491 USD per share; and (d) on March 31, 2020, SVP II acquired 5,000 shares of Series B Stock at $5.9814 USD per share.

F4 · derivative.exercise_date: As disclosed in the Wheeler Real Estate Investment Trust, Inc.'s (the "Company") Form 8-K filed with the Securities and Exchange Commission ("SEC") on April 3, 2017, each share of Series D Cumulative Convertible Preferred Stock (the "Series D Stock") is convertible into 1.474 shares of the Company's common stock. The Series D Stock has no expiration date.

F4 · derivative.expiration_date: As disclosed in the Wheeler Real Estate Investment Trust, Inc.'s (the "Company") Form 8-K filed with the Securities and Exchange Commission ("SEC") on April 3, 2017, each share of Series D Cumulative Convertible Preferred Stock (the "Series D Stock") is convertible into 1.474 shares of the Company's common stock. The Series D Stock has no expiration date.

F1 · ownership.nature: These shares 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 Stilwell Value LLC ("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.

SEC source: 0001213900-20-008352 · ownership.xml · nonDerivative · entry 1

Poskon Paula · CIK 0001798230 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 39,200

SEC source: 0001213900-20-008420 · ownership.xml · nonDerivative · entry 1

Khoshaba Daniel · CIK 0001457592 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 953,000

SEC source: 0001213900-20-008351 · ownership.xml · derivative · entry 14

STILWELL JOSEPH · CIK 0001113303 · Director · 10% owner

Stilwell Value LLC · CIK 0001397076 · Director · 10% owner

Stilwell Activist Investments, L.P. · CIK 0001573720 · Director · 10% owner

Stilwell Activist Fund, L.P. · CIK 0001564452 · Director · 10% owner

Stilwell Value Partners VII, L.P. · CIK 0001555931 · Director · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 5,000

Underlying: Common Stock · 3,125 shares

Expires not disclosed

F9 · shares: This Form 4 reports the following acquisitions: (a) on March 30, 2020, SVP II acquired 7,609 shares of Series D Stock at $6.9432 USD per share; (b) on March 30, 2020, SVP II acquired 5,000 shares of Series B Stock at $5.8051 USD per share; (c) on March 31, 2020, SVP II acquired 1,688 shares of Series D Stock at $8.7491 USD per share; and (d) on March 31, 2020, SVP II acquired 5,000 shares of Series B Stock at $5.9814 USD per share.

F10 · derivative.exercise_date: As disclosed in the Company's Form 8-K filed with the SEC on April 3, 2017, each share of Series B Stock is convertible into 0.625 shares of the Company's common stock. The Series B Stock has no expiration date.

F10 · derivative.expiration_date: As disclosed in the Company's Form 8-K filed with the SEC on April 3, 2017, each share of Series B Stock is convertible into 0.625 shares of the Company's common stock. The Series B Stock has no expiration date.

F1 · ownership.nature: These shares 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 Stilwell Value LLC ("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.

SEC source: 0001213900-20-008351 · ownership.xml · derivative · entry 12

STILWELL JOSEPH · CIK 0001113303 · Director · 10% owner

Stilwell Value LLC · CIK 0001397076 · Director · 10% owner

Stilwell Activist Investments, L.P. · CIK 0001573720 · Director · 10% owner

Stilwell Activist Fund, L.P. · CIK 0001564452 · Director · 10% owner

Stilwell Value Partners VII, L.P. · CIK 0001555931 · Director · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 16,011

Underlying: Common Stock · 11,215 shares

Expires not disclosed

F9 · shares: This Form 4 reports the following acquisitions: (a) on March 30, 2020, SVP II acquired 7,609 shares of Series D Stock at $6.9432 USD per share; (b) on March 30, 2020, SVP II acquired 5,000 shares of Series B Stock at $5.8051 USD per share; (c) on March 31, 2020, SVP II acquired 1,688 shares of Series D Stock at $8.7491 USD per share; and (d) on March 31, 2020, SVP II acquired 5,000 shares of Series B Stock at $5.9814 USD per share.

F4 · derivative.exercise_date: As disclosed in the Wheeler Real Estate Investment Trust, Inc.'s (the "Company") Form 8-K filed with the Securities and Exchange Commission ("SEC") on April 3, 2017, each share of Series D Cumulative Convertible Preferred Stock (the "Series D Stock") is convertible into 1.474 shares of the Company's common stock. The Series D Stock has no expiration date.

F4 · derivative.expiration_date: As disclosed in the Wheeler Real Estate Investment Trust, Inc.'s (the "Company") Form 8-K filed with the Securities and Exchange Commission ("SEC") on April 3, 2017, each share of Series D Cumulative Convertible Preferred Stock (the "Series D Stock") is convertible into 1.474 shares of the Company's common stock. The Series D Stock has no expiration date.

F1 · ownership.nature: These shares 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 Stilwell Value LLC ("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.

SEC source: 0001557312-19-000002 · primary_doc.xml · nonDerivative · entry 1

Kelly David · CIK 0001557312 · Director · President & CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 31,904

SEC source: 0001392977-19-000003 · primary_doc.xml · nonDerivative · entry 2

Jones Andrew R · CIK 0001392977 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · Held in managed funds

Disclosed balance after: 341,538

F1 · ownership.nature: These shares are held by various investment partnerships, funds and managed accounts, in which NS Advisors, LLC ("NS Advisors") serves as the investment manager. Mr. Jones is the managing member of NS Advisors and has sole voting and investment authority over the shares.

SEC source: 0001567619-20-001510 · doc1.xml · nonDerivative · entry 2

Jones Andrew R · CIK 0001392977 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · Held in managed funds

Disclosed balance after: 341,358

F4 · balance_after: The share amount originally reported was incorrect.

F1 · ownership.nature: These shares are held by various investment partnerships, funds and managed accounts, in which NS Advisors, LLC ("NS Advisors") serves as the investment manager. Mr. Jones is the managing member of NS Advisors and has sole voting and investment authority over the shares.

SEC source: 0001392977-19-000003 · primary_doc.xml · nonDerivative · entry 1

Jones Andrew R · CIK 0001392977 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · Held in managed funds

Disclosed balance after: 344,543

F1 · ownership.nature: These shares are held by various investment partnerships, funds and managed accounts, in which NS Advisors, LLC ("NS Advisors") serves as the investment manager. Mr. Jones is the managing member of NS Advisors and has sole voting and investment authority over the shares.

SEC source: 0001567619-20-001510 · doc1.xml · nonDerivative · entry 1

Jones Andrew R · CIK 0001392977 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · Held in managed funds

Disclosed balance after: 344,543

F1 · ownership.nature: These shares are held by various investment partnerships, funds and managed accounts, in which NS Advisors, LLC ("NS Advisors") serves as the investment manager. Mr. Jones is the managing member of NS Advisors and has sole voting and investment authority over the shares.

SEC source: 0001208785-19-000002 · primary_doc.xml · nonDerivative · entry 1

BROWN STEWART J · CIK 0001208785 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 53,564

SEC source: 0001392977-19-000002 · primary_doc.xml · nonDerivative · entry 1

Jones Andrew R · CIK 0001392977 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · Held in managed funds

Disclosed balance after: 345,084

F2 · kind: This transaction was a distribution of Wheeler Real Estate Investment Trust, Inc.'s (the "Company") common stock from the managed accounts NS Advisors manages to a limited partner of North Star Partners, LP.

F3 · price: Based on the closing price of the Company's common stock on November 29, 2019.

F1 · ownership.nature: These shares are held by various investment partnerships, funds and managed accounts, in which NS Advisors, LLC ("NS Advisors") serves as the investment manager. Mr. Jones is the managing member of NS Advisors and has sole voting and investment authority over the shares.

SEC source: 0001557289-19-000003 · primary_doc.xml · nonDerivative · entry 1

McAuliffe John P · CIK 0001557289 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 17,474

SEC source: 0001557289-19-000002 · primary_doc.xml · nonDerivative · entry 1

McAuliffe John P · CIK 0001557289 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 26,349

SEC source: 0001317491-19-000001 · primary_doc.xml · nonDerivative · entry 1

Sweet John · CIK 0001317491 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 60,611

F1 · kind: Granted for fourth quarter board fees based upon the closing price of Wheeler Real Estate Investment Trust, Inc.'s common stock on December 31, 2018.

F1 · price: Granted for fourth quarter board fees based upon the closing price of Wheeler Real Estate Investment Trust, Inc.'s common stock on December 31, 2018.

SEC source: 0001208785-19-000001 · primary_doc.xml · nonDerivative · entry 1

BROWN STEWART J · CIK 0001208785 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 57,807

F1 · kind: Granted for fourth quarter board fees based upon the closing price of Wheeler Real Estate Investment Trust, Inc.'s common stock on December 31, 2018.

F1 · price: Granted for fourth quarter board fees based upon the closing price of Wheeler Real Estate Investment Trust, Inc.'s common stock on December 31, 2018.

SEC source: 0001208789-19-000001 · primary_doc.xml · nonDerivative · entry 1

ARMSTRONG SEAN F · CIK 0001208789 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 39,104

F1 · kind: Granted for fourth quarter board fees based upon the closing price of Wheeler Real Estate Investment Trust, Inc.'s common stock on December 31, 2018.

F1 · price: Granted for fourth quarter board fees based upon the closing price of Wheeler Real Estate Investment Trust, Inc.'s common stock on December 31, 2018.

SEC source: 0001392977-19-000001 · primary_doc.xml · nonDerivative · entry 1

Jones Andrew R · CIK 0001392977 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 36,108

F1 · kind: Granted for fourth quarter board fees based upon the closing price of Wheeler Real Estate Investment Trust, Inc.,'s (the "Company") common stock on December 31, 2018.

F1 · price: Granted for fourth quarter board fees based upon the closing price of Wheeler Real Estate Investment Trust, Inc.,'s (the "Company") common stock on December 31, 2018.

SEC source: 0001317491-19-000002 · primary_doc.xml · nonDerivative · entry 1

McGowan Carl B. Jr. · CIK 0001575206 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 58,673

F1 · kind: Granted for fourth quarter board fees based upon the closing price of Wheeler Real Estate Investment Trust, Inc.'s common stock on December 31, 2018.

F1 · price: Granted for fourth quarter board fees based upon the closing price of Wheeler Real Estate Investment Trust, Inc.'s common stock on December 31, 2018.

SEC source: 0001557289-19-000001 · primary_doc.xml · nonDerivative · entry 1

McAuliffe John P · CIK 0001557289 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 38,349

F1 · kind: Granted for fourth quarter board fees based upon the closing price of Wheeler Real Estate Investment Trust, Inc.'s common stock on December 31, 2018

F1 · price: Granted for fourth quarter board fees based upon the closing price of Wheeler Real Estate Investment Trust, Inc.'s common stock on December 31, 2018

SEC source: 0001588047-19-000001 · primary_doc.xml · nonDerivative · entry 1

Zwerdling Jeffrey M. · CIK 0001588047 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 96,593

F1 · kind: Granted for fourth quarter board fees based upon the closing price of Wheeler Real Estate Investment Trust, Inc.'s (the "Company")common stock on December 31, 2018.

F1 · price: Granted for fourth quarter board fees based upon the closing price of Wheeler Real Estate Investment Trust, Inc.'s (the "Company")common stock on December 31, 2018.

SEC source: 0001557312-18-000004 · primary_doc.xml · nonDerivative · entry 2

Kelly David · CIK 0001557312 · Director · President & CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 29,929