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Stilwell Value Partners VII, L.P.

Disclosed activity across 4 companies

Tapewire entity
23081
SEC CIK
0001555931

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Reported relationships

Latest disclosed role at each company.

CompanyLast reported asReport datePublished
KINGSWAY CorpKWY · Entity 597610% ownerAugust 13, 2026August 17, 2026
PEOPLES FINANCIAL CORP /MS/PFBX · Entity 671910% ownerJuly 31, 2026August 03, 2026
Sound Financial Bancorp, Inc.SFBC · Entity 665510% ownerFebruary 01, 2024February 02, 2024
Wheeler Real Estate Investment Trust, Inc.WHLR · Entity 866610% ownerSeptember 30, 2026October 03, 2026

Disclosed balances

About these balances

Latest available filing per company, not a reconstructed current portfolio. Matching sequences show the last reported balance with all source rows expandable; grouping alone does not establish account ownership. Do not add unresolved positions together. Filings may omit unchanged positions, and amendments may correct only part of an older disclosure. Jointly reported shares are not necessarily this owner's personal holdings.

Security / awardOwnership accountDisclosed shares / unitsDisclosure context
Common StockSEC Table I · non-derivativeIndirectSee footnote267,018 Reported balance After 2026-08-13 transaction · row 2 Holding and transaction disclosures are not merged.
1 source row

Row 2 · 2026-08-13 · Sale · Disposed 32,982 · Balance 267,018

F2: This Form 4 reports the following sales on August 13, 2026: Stilwell Associates, L.P. ("Associates") sold 32,982 shares at $10.00; Stilwell Activist Investments, L.P. ("SAI") sold 26,168 shares at $10.00; and Stilwell Value Partners VII, L.P. ("SVP VII") sold 40,850 shares at $10.00.

F3: These are shares owned directly by Associates 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 Associates. Joseph Stilwell disclaims beneficial ownership of all shares reported as owned indirectly except to the extent of his pecuniary interest therein.

Common StockSEC Table I · non-derivativeIndirectSee footnote2,228,803 Reported balance After 2026-08-13 transaction · row 3 Holding and transaction disclosures are not merged.
1 source row

Row 3 · 2026-08-13 · Sale · Disposed 26,168 · Balance 2,228,803

F2: This Form 4 reports the following sales on August 13, 2026: Stilwell Associates, L.P. ("Associates") sold 32,982 shares at $10.00; Stilwell Activist Investments, L.P. ("SAI") sold 26,168 shares at $10.00; and Stilwell Value Partners VII, L.P. ("SVP VII") sold 40,850 shares at $10.00.

F4: These are shares 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.

Common StockSEC Table I · non-derivativeIndirectSee footnote330,718 Reported balance After 2026-08-13 transaction · row 4 Holding and transaction disclosures are not merged.
1 source row

Row 4 · 2026-08-13 · Sale · Disposed 40,850 · Balance 330,718

F2: This Form 4 reports the following sales on August 13, 2026: Stilwell Associates, L.P. ("Associates") sold 32,982 shares at $10.00; Stilwell Activist Investments, L.P. ("SAI") sold 26,168 shares at $10.00; and Stilwell Value Partners VII, L.P. ("SVP VII") sold 40,850 shares at $10.00.

F5: These are shares owned directly by 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.

Common StockSEC Table I · non-derivativeIndirectSee footnote436,911 Reported balance Holding disclosure · report date 2026-08-13 · row 5 Holding and transaction disclosures are not merged.
1 source row

Row 5 · Balance 436,911

F6: These are shares 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.

Common StockSEC Table I · non-derivativeDirect162,500 Reported balance Holding disclosure · report date 2026-08-13 · row 1 Holding and transaction disclosures are not merged.
1 source row

Row 1 · Balance 162,500

F1: These are shares owned directly by Joseph Stilwell.

Class D Preferred StockSEC Table II · derivative / convertible security · Conversion / exercise price $9.50 · Expires 2032-05-07IndirectSee footnote20,000 Reported balance Holding disclosure · report date 2026-08-13 · row 6 Instrument identity requires review; Table II rows are not merged.
1 source row

Row 6 · Balance 20,000

F7: The shares of Class D Preferred Stock of Kingsway Corporations (the "Company") have a stated value of $25 per share and are convertible at any time into shares of Common Stock, par value $0.01 per share, of the Company (the "Common Stock") at a conversion basis equal to 2.63158 shares of Common Stock for each share of Class D Preferred Stock, subject to customary adjustments. All outstanding shares of Class D Preferred Stock shall be redeemed by the Company on May 7, 2032.

F3: These are shares owned directly by Associates 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 Associates. Joseph Stilwell disclaims beneficial ownership of all shares reported as owned indirectly except to the extent of his pecuniary interest therein.

Class C Preferred StockSEC Table II · derivative / convertible security · Conversion / exercise price $9.50 · Expires 2032-02-12IndirectSee footnote33,600 Reported balance Holding disclosure · report date 2026-08-13 · row 7 Instrument identity requires review; Table II rows are not merged.
1 source row

Row 7 · Balance 33,600

F8: The shares of Class C Preferred Stock of the Company have a stated value of $25 per share and are convertible at any time into shares of Common Stock at a conversion basis equal to 2.63158 shares of Common Stock for each share of Class C Preferred Stock, subject to customary adjustments. All outstanding shares of Class C Preferred Stock shall be redeemed by the Company on February 12, 2032.

F4: These are shares 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.

Class C Preferred StockSEC Table II · derivative / convertible security · Conversion / exercise price $9.50 · Expires 2032-02-12IndirectSee footnote6,400 Reported balance Holding disclosure · report date 2026-08-13 · row 8 Instrument identity requires review; Table II rows are not merged.
1 source row

Row 8 · Balance 6,400

F8: The shares of Class C Preferred Stock of the Company have a stated value of $25 per share and are convertible at any time into shares of Common Stock at a conversion basis equal to 2.63158 shares of Common Stock for each share of Class C Preferred Stock, subject to customary adjustments. All outstanding shares of Class C Preferred Stock shall be redeemed by the Company on February 12, 2032.

F6: These are shares 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.

Filing footnotes · ownership attribution and instrument terms

F1: These are shares owned directly by Joseph Stilwell.

F2: This Form 4 reports the following sales on August 13, 2026: Stilwell Associates, L.P. ("Associates") sold 32,982 shares at $10.00; Stilwell Activist Investments, L.P. ("SAI") sold 26,168 shares at $10.00; and Stilwell Value Partners VII, L.P. ("SVP VII") sold 40,850 shares at $10.00.

F3: These are shares owned directly by Associates 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 Associates. Joseph Stilwell disclaims beneficial ownership of all shares reported as owned indirectly except to the extent of his pecuniary interest therein.

F4: These are shares 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.

F5: These are shares owned directly by 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.

F6: These are shares 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.

F7: The shares of Class D Preferred Stock of Kingsway Corporations (the "Company") have a stated value of $25 per share and are convertible at any time into shares of Common Stock, par value $0.01 per share, of the Company (the "Common Stock") at a conversion basis equal to 2.63158 shares of Common Stock for each share of Class D Preferred Stock, subject to customary adjustments. All outstanding shares of Class D Preferred Stock shall be redeemed by the Company on May 7, 2032.

F8: The shares of Class C Preferred Stock of the Company have a stated value of $25 per share and are convertible at any time into shares of Common Stock at a conversion basis equal to 2.63158 shares of Common Stock for each share of Class C Preferred Stock, subject to customary adjustments. All outstanding shares of Class C Preferred Stock shall be redeemed by the Company on February 12, 2032.

PEOPLES FINANCIAL CORP /MS/

Report date July 31, 2026 · Filed August 03, 2026

Jointly reported with Stilwell Joseph, Stilwell Value LLC, Stilwell Activist Fund, L.P., Stilwell Activist Investments, L.P.

Security / awardOwnership accountDisclosed shares / unitsDisclosure context
Common StockSEC Table I · non-derivativeIndirectSee footnote210,452 Reported balance After 2026-07-31 transaction · row 2 Holding and transaction disclosures are not merged.
1 source row

Row 2 · 2026-07-31 · Purchase · Acquired 4,692 · Balance 210,452

F2: 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 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.

Common StockSEC Table I · non-derivativeIndirectSee footnote517,788 Reported balance After 2026-07-31 transaction · row 3 Holding and transaction disclosures are not merged.
1 source row

Row 3 · 2026-07-31 · Purchase · Acquired 37,966 · Balance 517,788

F3: 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.

Common StockSEC Table I · non-derivativeIndirectSee footnote67,505 Reported balance Holding disclosure · report date 2026-07-31 · row 1 Holding and transaction disclosures are not merged.
1 source row

Row 1 · Balance 67,505

F1: 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 Stilwell Value LLC ("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.

Filing footnotes · ownership attribution and instrument terms

F1: 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 Stilwell Value LLC ("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.

F2: 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 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.

F3: 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.

Sound Financial Bancorp, Inc.

Report date February 01, 2024 · Filed February 02, 2024

Jointly reported with Stilwell Joseph, Stilwell Value LLC, Stilwell Activist Fund, L.P., Stilwell Activist Investments, L.P., STILWELL PARTNERS L P

Security / awardOwnership accountDisclosed shares / unitsDisclosure context
Common StockSEC Table I · non-derivativeIndirectSee footnote216,625 Reported balance After 2024-02-01 transaction · row 3 Holding and transaction disclosures are not merged.
1 source row

Row 3 · 2024-02-01 · Purchase · Acquired 1,303 · Balance 216,625

F3: 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.

Common StockSEC Table I · non-derivativeIndirectSee footnote29,364 Reported balance Holding disclosure · report date 2024-02-01 · row 1 Holding and transaction disclosures are not merged.
1 source row

Row 1 · Balance 29,364

F1: 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 Stilwell Value LLC ("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.

Common StockSEC Table I · non-derivativeIndirectSee footnote36,030 Reported balance Holding disclosure · report date 2024-02-01 · row 2 Holding and transaction disclosures are not merged.
1 source row

Row 2 · Balance 36,030

F2: 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 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.

Common StockSEC Table I · non-derivativeIndirectSee footnote128,000 Reported balance Holding disclosure · report date 2024-02-01 · row 4 Holding and transaction disclosures are not merged.
1 source row

Row 4 · Balance 128,000

F4: These shares are owned directly by Stilwell Partners, L.P. ("SP") and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SP. Joseph Stilwell disclaims beneficial ownership of all shares reported as owned indirectly except to the extent of his pecuniary interest therein.

Filing footnotes · ownership attribution and instrument terms

F1: 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 Stilwell Value LLC ("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.

F2: 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 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.

F3: 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.

F4: These shares are owned directly by Stilwell Partners, L.P. ("SP") and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SP. Joseph Stilwell disclaims beneficial ownership of all shares reported as owned indirectly except to the extent of his pecuniary interest therein.

Wheeler Real Estate Investment Trust, Inc.

Report date September 30, 2026 · Filed October 03, 2026

Jointly reported with Stilwell Joseph, Stilwell Value LLC, Stilwell Activist Investments, L.P., Stilwell Activist Fund, L.P., Stilwell Associates, L.P.

Security / awardOwnership accountDisclosed shares / unitsDisclosure context
Common StockSEC Table I · non-derivativeIndirectSee footnote584,578 Reported balance After 2026-09-30 transaction · row 1 Holding and transaction disclosures are not merged.
1 source row

Row 1 · 2026-09-30 · Grant · Acquired 142,015 · Balance 584,578

F5: 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.

F1: 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.

Common StockSEC Table I · non-derivativeIndirectSee footnote584,573 Reported balance After 2026-09-30 transaction · row 2 Holding and transaction disclosures are not merged.
1 source row

Row 2 · 2026-09-30 · Sale · Disposed 5 · Balance 584,573

F6: This Form 4 reports the sale by SAI on September 30, 2026 of 5 shares of Common Stock at $3.03 per share.

F1: 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.

Common StockSEC Table I · non-derivativeIndirectSee footnote80,969 Reported balance After 2026-09-30 transaction · row 3 Holding and transaction disclosures are not merged.
1 source row

Row 3 · 2026-09-30 · Grant · Acquired 19,685 · Balance 80,969

F7: 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.

F2: 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.

Common StockSEC Table I · non-derivativeIndirectSee footnote1 Reported balance Holding disclosure · report date 2026-09-30 · row 4 Holding and transaction disclosures are not merged.
1 source row

Row 4 · Balance 1

F3: 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.

Common StockSEC Table I · non-derivativeIndirectSee footnote62,829 Reported balance Holding disclosure · report date 2026-09-30 · row 5 Holding and transaction disclosures are not merged.
1 source row

Row 5 · Balance 62,829

F4: 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.

7.00% Subordinated Convertible Notes due 2031SEC Table II · derivative / convertible security · Conversion / exercise price $4.85 · Expires 2031-12-31IndirectSee footnoteNot disclosed Reported balance After 2026-09-30 transaction · row 6 Instrument identity requires review; Table II rows are not merged.
1 source row

Row 6 · 2026-09-30 · Purchase · Acquired Not disclosed · Balance Not disclosed

F8: 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).

F10: 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.

F9: 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.

F1: 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.

7.00% Subordinated Convertible Notes due 2031SEC Table II · derivative / convertible security · Conversion / exercise price $4.85 · Expires 2031-12-31IndirectSee footnoteNot disclosed Reported balance After 2026-09-30 transaction · row 8 Instrument identity requires review; Table II rows are not merged.
1 source row

Row 8 · 2026-09-30 · Sale · Disposed Not disclosed · Balance Not disclosed

F8: 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).

F11: The price reported in Column 8 is an aggregate purchase price. These Notes were sold at a price of $85.00 per $25.00 of aggregate principal amount.

F9: 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.

F3: 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.

7.00% Subordinated Convertible Notes due 2031SEC Table II · derivative / convertible security · Conversion / exercise price $4.85 · Expires 2031-12-31IndirectSee footnoteNot disclosed Reported balance After 2026-09-30 transaction · row 9 Instrument identity requires review; Table II rows are not merged.
1 source row

Row 9 · 2026-09-30 · Purchase · Acquired Not disclosed · Balance Not disclosed

F8: 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).

F12: 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.

F9: 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.

F4: 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.

7.00% Subordinated Convertible Notes due 2031SEC Table II · derivative / convertible security · Conversion / exercise price $4.85 · Expires 2031-12-31IndirectSee footnoteNot disclosed Reported balance Holding disclosure · report date 2026-09-30 · row 7 Instrument identity requires review; Table II rows are not merged.
1 source row

Row 7 · Balance Not disclosed

F8: 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).

F9: 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.

F2: 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.

Series D Cumulative Convertible Preferred StockSEC Table II · derivative / convertible securityIndirectSee footnote121,302 Reported balance After 2026-09-30 transaction · row 10 Instrument identity requires review; Table II rows are not merged.
1 source row

Row 10 · 2026-09-30 · Disposition to issuer · Disposed 6,801 · Balance 121,302

F13: 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 0.00000000002 shares of Common Stock (a conversion price of $1,107,800,064,000 per share of Common Stock). Series D Preferred Stock has no expiration date.

F14: The preferred stock disposition was pursuant to the Third SAI Exchange.

F1: 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.

Series D Cumulative Convertible Preferred StockSEC Table II · derivative / convertible securityIndirectSee footnote17,688 Reported balance After 2026-09-30 transaction · row 11 Instrument identity requires review; Table II rows are not merged.
1 source row

Row 11 · 2026-09-30 · Disposition to issuer · Disposed 899 · Balance 17,688

F13: 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 0.00000000002 shares of Common Stock (a conversion price of $1,107,800,064,000 per share of Common Stock). Series D Preferred Stock has no expiration date.

F15: The preferred stock disposition was pursuant to the Third SAF Exchange.

F2: 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.

Series D Cumulative Convertible Preferred StockSEC Table II · derivative / convertible securityIndirectSee footnote21,148 Reported balance Holding disclosure · report date 2026-09-30 · row 12 Instrument identity requires review; Table II rows are not merged.
1 source row

Row 12 · Balance 21,148

F13: 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 0.00000000002 shares of Common Stock (a conversion price of $1,107,800,064,000 per share of Common Stock). Series D Preferred Stock has no expiration date.

F3: 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.

Series B Preferred StockSEC Table II · derivative / convertible securityIndirectSee footnote469,288 Reported balance After 2026-09-30 transaction · row 13 Instrument identity requires review; Table II rows are not merged.
1 source row

Row 13 · 2026-09-30 · Disposition to issuer · Disposed 26,897 · Balance 469,288

F16: 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.

F17: The preferred stock disposition was pursuant to the Third SAI Exchange.

F1: 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.

Series B Preferred StockSEC Table II · derivative / convertible securityIndirectSee footnote61,693 Reported balance After 2026-09-30 transaction · row 14 Instrument identity requires review; Table II rows are not merged.
1 source row

Row 14 · 2026-09-30 · Disposition to issuer · Disposed 3,903 · Balance 61,693

F16: 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.

F18: The preferred stock disposition was pursuant to the Third SAF Exchange.

F2: 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.

Series B Preferred StockSEC Table II · derivative / convertible securityIndirectSee footnote90,565 Reported balance Holding disclosure · report date 2026-09-30 · row 15 Instrument identity requires review; Table II rows are not merged.
1 source row

Row 15 · Balance 90,565

F16: 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.

F3: 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.

Filing footnotes · ownership attribution and instrument terms

F1: 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.

F2: 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.

F3: 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.

F4: 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.

F5: 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.

F6: This Form 4 reports the sale by SAI on September 30, 2026 of 5 shares of Common Stock at $3.03 per share.

F7: 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.

F8: 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).

F9: 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.

F10: 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.

F11: The price reported in Column 8 is an aggregate purchase price. These Notes were sold at a price of $85.00 per $25.00 of aggregate principal amount.

F12: 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.

F13: 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 0.00000000002 shares of Common Stock (a conversion price of $1,107,800,064,000 per share of Common Stock). Series D Preferred Stock has no expiration date.

F14: The preferred stock disposition was pursuant to the Third SAI Exchange.

F15: The preferred stock disposition was pursuant to the Third SAF Exchange.

F16: 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.

F17: The preferred stock disposition was pursuant to the Third SAI Exchange.

F18: The preferred stock disposition was pursuant to the Third SAF Exchange.

Transaction history

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Purchases/sales include open-market and private transactions. Plan disclosure applies to the filing; individual rows may differ. “Not disclosed” is not “unplanned.”

The cutoff filters transaction history only. Company summaries and owner relationships show the latest available disclosures. Parser corrections can improve historical records.

Transaction dateCompanyActivity / securityShares / unitsReported priceReported valueDetails
September 30, 2026 Filed Oct 3, 2026 01:07 UTC Wheeler Real Estate Investment Trust, Inc. WHLR · Entity 8666 Disposition to issuerSeries B Preferred Stock · Derivative 3,903 Not disclosed Not disclosed
Disclosure

SEC source: 0001213900-26-106486 · ownership.xml · derivative · entry 14

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

Stilwell Associates, L.P. · CIK 0000913960 · 10% owner

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

10b5-1 filing: No plan indicated

Ownership: Indirect · See footnote

Disclosed balance after: 61,693

Underlying: Common Stock · 0 shares

Expires not disclosed

F16 · derivative.exercise_price: 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.

F18 · shares: The preferred stock disposition was pursuant to the Third SAF Exchange.

F18 · price: The preferred stock disposition was pursuant to the Third SAF Exchange.

F16 · derivative.exercise_date: 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.

F16 · derivative.expiration_date: 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.

F16 · derivative.underlying_shares: 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.

F2 · ownership.nature: 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.

Read SEC document
September 30, 2026 Filed Oct 3, 2026 01:07 UTC Wheeler Real Estate Investment Trust, Inc. WHLR · Entity 8666 Disposition to issuerSeries B Preferred Stock · Derivative 26,897 Not disclosed Not disclosed
Disclosure

SEC source: 0001213900-26-106486 · ownership.xml · derivative · entry 13

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

Stilwell Associates, L.P. · CIK 0000913960 · 10% owner

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

10b5-1 filing: No plan indicated

Ownership: Indirect · See footnote

Disclosed balance after: 469,288

Underlying: Common Stock · 0 shares

Expires not disclosed

F16 · derivative.exercise_price: 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.

F17 · shares: The preferred stock disposition was pursuant to the Third SAI Exchange.

F17 · price: The preferred stock disposition was pursuant to the Third SAI Exchange.

F16 · derivative.exercise_date: 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.

F16 · derivative.expiration_date: 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.

F16 · derivative.underlying_shares: 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.

F1 · ownership.nature: 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.

Read SEC document
September 30, 2026 Filed Oct 3, 2026 01:07 UTC Wheeler Real Estate Investment Trust, Inc. WHLR · Entity 8666 Disposition to issuerSeries D Cumulative Convertible Preferred Stock · Derivative 899 Not disclosed Not disclosed
Disclosure

SEC source: 0001213900-26-106486 · ownership.xml · derivative · entry 11

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

Stilwell Associates, L.P. · CIK 0000913960 · 10% owner

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

10b5-1 filing: No plan indicated

Ownership: Indirect · See footnote

Disclosed balance after: 17,688

Underlying: Common Stock · 0 shares

Expires not disclosed

F13 · derivative.exercise_price: 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 0.00000000002 shares of Common Stock (a conversion price of $1,107,800,064,000 per share of Common Stock). Series D Preferred Stock has no expiration date.

F15 · shares: The preferred stock disposition was pursuant to the Third SAF Exchange.

F15 · price: The preferred stock disposition was pursuant to the Third SAF Exchange.

F13 · derivative.exercise_date: 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 0.00000000002 shares of Common Stock (a conversion price of $1,107,800,064,000 per share of Common Stock). Series D Preferred Stock has no expiration date.

F13 · derivative.expiration_date: 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 0.00000000002 shares of Common Stock (a conversion price of $1,107,800,064,000 per share of Common Stock). Series D Preferred Stock has no expiration date.

F13 · derivative.underlying_shares: 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 0.00000000002 shares of Common Stock (a conversion price of $1,107,800,064,000 per share of Common Stock). Series D Preferred Stock has no expiration date.

F2 · ownership.nature: 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.

Read SEC document
September 30, 2026 Filed Oct 3, 2026 01:07 UTC Wheeler Real Estate Investment Trust, Inc. WHLR · Entity 8666 Disposition to issuerSeries D Cumulative Convertible Preferred Stock · Derivative 6,801 Not disclosed Not disclosed
Disclosure

SEC source: 0001213900-26-106486 · ownership.xml · derivative · entry 10

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

Stilwell Associates, L.P. · CIK 0000913960 · 10% owner

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

10b5-1 filing: No plan indicated

Ownership: Indirect · See footnote

Disclosed balance after: 121,302

Underlying: Common Stock · 0 shares

Expires not disclosed

F13 · derivative.exercise_price: 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 0.00000000002 shares of Common Stock (a conversion price of $1,107,800,064,000 per share of Common Stock). Series D Preferred Stock has no expiration date.

F14 · shares: The preferred stock disposition was pursuant to the Third SAI Exchange.

F14 · price: The preferred stock disposition was pursuant to the Third SAI Exchange.

F13 · derivative.exercise_date: 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 0.00000000002 shares of Common Stock (a conversion price of $1,107,800,064,000 per share of Common Stock). Series D Preferred Stock has no expiration date.

F13 · derivative.expiration_date: 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 0.00000000002 shares of Common Stock (a conversion price of $1,107,800,064,000 per share of Common Stock). Series D Preferred Stock has no expiration date.

F13 · derivative.underlying_shares: 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 0.00000000002 shares of Common Stock (a conversion price of $1,107,800,064,000 per share of Common Stock). Series D Preferred Stock has no expiration date.

F1 · ownership.nature: 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.

Read SEC document
September 30, 2026 Filed Oct 3, 2026 01:07 UTC Wheeler Real Estate Investment Trust, Inc. WHLR · Entity 8666 Purchase7.00% Subordinated Convertible Notes due 2031 · Derivative Not disclosed $246,925.00 Strike: $4.85 $72,625.00
Disclosure

SEC source: 0001213900-26-106486 · ownership.xml · derivative · entry 9

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

Stilwell Associates, L.P. · CIK 0000913960 · 10% owner

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

10b5-1 filing: No plan indicated

Ownership: Indirect · See footnote

Disclosed balance after: Not disclosed

Underlying: Common Stock · 14,985 shares

Expires 2031-12-31

F8 · derivative.exercise_price: 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).

F12 · price: 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.

F8 · derivative.exercise_date: 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).

F8 · derivative.underlying_shares: 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).

F9 · derivative.underlying_shares: 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.

F4 · ownership.nature: 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.

Read SEC document
September 30, 2026 Filed Oct 3, 2026 01:07 UTC Wheeler Real Estate Investment Trust, Inc. WHLR · Entity 8666 Sale7.00% Subordinated Convertible Notes due 2031 · Derivative Not disclosed $2,725,865.00 Strike: $4.85 $801,725.00
Disclosure

SEC source: 0001213900-26-106486 · ownership.xml · derivative · entry 8

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

Stilwell Associates, L.P. · CIK 0000913960 · 10% owner

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

10b5-1 filing: No plan indicated

Ownership: Indirect · See footnote

Disclosed balance after: Not disclosed

Underlying: Common Stock · 165,424 shares

Expires 2031-12-31

F8 · derivative.exercise_price: 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).

F11 · price: The price reported in Column 8 is an aggregate purchase price. These Notes were sold at a price of $85.00 per $25.00 of aggregate principal amount.

F8 · derivative.exercise_date: 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).

F8 · derivative.underlying_shares: 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).

F9 · derivative.underlying_shares: 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.

F3 · ownership.nature: 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.

Read SEC document
September 30, 2026 Filed Oct 3, 2026 01:07 UTC Wheeler Real Estate Investment Trust, Inc. WHLR · Entity 8666 Purchase7.00% Subordinated Convertible Notes due 2031 · Derivative Not disclosed $1,287,410.00 Strike: $4.85 $378,650.00
Disclosure

SEC source: 0001213900-26-106486 · ownership.xml · derivative · entry 6

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

Stilwell Associates, L.P. · CIK 0000913960 · 10% owner

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

10b5-1 filing: No plan indicated

Ownership: Indirect · See footnote

Disclosed balance after: Not disclosed

Underlying: Common Stock · 78,128 shares

Expires 2031-12-31

F8 · derivative.exercise_price: 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).

F10 · price: 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.

F8 · derivative.exercise_date: 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).

F8 · derivative.underlying_shares: 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).

F9 · derivative.underlying_shares: 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.

F1 · ownership.nature: 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.

Read SEC document
September 30, 2026 Filed Oct 3, 2026 01:07 UTC Wheeler Real Estate Investment Trust, Inc. WHLR · Entity 8666 GrantCommon Stock 19,685 Not disclosed Not disclosed
Disclosure

SEC source: 0001213900-26-106486 · 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

Stilwell Associates, L.P. · CIK 0000913960 · 10% owner

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

10b5-1 filing: No plan indicated

Ownership: Indirect · See footnote

Disclosed balance after: 80,969

F7 · shares: 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.

F7 · price: 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.

F2 · ownership.nature: 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.

Read SEC document
September 30, 2026 Filed Oct 3, 2026 01:07 UTC Wheeler Real Estate Investment Trust, Inc. WHLR · Entity 8666 SaleCommon Stock 5 $3.03 $15.15
Disclosure

SEC source: 0001213900-26-106486 · 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

Stilwell Associates, L.P. · CIK 0000913960 · 10% owner

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

10b5-1 filing: No plan indicated

Ownership: Indirect · See footnote

Disclosed balance after: 584,573

F6 · shares: This Form 4 reports the sale by SAI on September 30, 2026 of 5 shares of Common Stock at $3.03 per share.

F1 · ownership.nature: 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.

Read SEC document
September 30, 2026 Filed Oct 3, 2026 01:07 UTC Wheeler Real Estate Investment Trust, Inc. WHLR · Entity 8666 GrantCommon Stock 142,015 Not disclosed Not disclosed
Disclosure

SEC source: 0001213900-26-106486 · ownership.xml · nonDerivative · entry 1

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

Stilwell Associates, L.P. · CIK 0000913960 · 10% owner

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

10b5-1 filing: No plan indicated

Ownership: Indirect · See footnote

Disclosed balance after: 584,578

F5 · shares: 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.

F5 · price: 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.

F1 · ownership.nature: 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.

Read SEC document
September 23, 2026 Filed Sep 25, 2026 22:48 UTC Wheeler Real Estate Investment Trust, Inc. WHLR · Entity 8666 Disposition to issuerSeries B Convertible Preferred Stock · Derivative 3,517 Not disclosed Not disclosed
Disclosure

SEC source: 0001213900-26-103642 · ownership.xml · derivative · entry 20

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

Stilwell Associates, L.P. · CIK 0000913960 · 10% owner

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

10b5-1 filing: No plan indicated

Ownership: Indirect · See footnote

Disclosed balance after: 65,596

Underlying: Common Stock · 0 shares

Expires not disclosed

F18 · derivative.exercise_price: 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.

F22 · shares: The preferred stock disposition was pursuant to the Second SAF Exchange.

F22 · price: The preferred stock disposition was pursuant to the Second SAF Exchange.

F18 · derivative.exercise_date: 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.

F18 · derivative.expiration_date: 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.

F18 · derivative.underlying_shares: 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.

F2 · ownership.nature: 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.

Read SEC document
September 23, 2026 Filed Sep 25, 2026 22:48 UTC Wheeler Real Estate Investment Trust, Inc. WHLR · Entity 8666 Disposition to issuerSeries B Convertible Preferred Stock · Derivative 3,270 Not disclosed Not disclosed
Disclosure

SEC source: 0001213900-26-103642 · ownership.xml · derivative · entry 19

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

Stilwell Associates, L.P. · CIK 0000913960 · 10% owner

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

10b5-1 filing: No plan indicated

Ownership: Indirect · See footnote

Disclosed balance after: 69,113

Underlying: Common Stock · 0 shares

Expires not disclosed

F18 · derivative.exercise_price: 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.

F21 · shares: The preferred stock disposition was pursuant to the First SAF Exchange.

F21 · price: The preferred stock disposition was pursuant to the First SAF Exchange.

F18 · derivative.exercise_date: 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.

F18 · derivative.expiration_date: 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.

F18 · derivative.underlying_shares: 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.

F2 · ownership.nature: 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.

Read SEC document
September 23, 2026 Filed Sep 25, 2026 22:48 UTC Wheeler Real Estate Investment Trust, Inc. WHLR · Entity 8666 Disposition to issuerSeries B Convertible Preferred Stock · Derivative 26,603 Not disclosed Not disclosed
Disclosure

SEC source: 0001213900-26-103642 · ownership.xml · derivative · entry 18

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

Stilwell Associates, L.P. · CIK 0000913960 · 10% owner

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

10b5-1 filing: No plan indicated

Ownership: Indirect · See footnote

Disclosed balance after: 496,185

Underlying: Common Stock · 0 shares

Expires not disclosed

F18 · derivative.exercise_price: 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.

F20 · shares: The preferred stock disposition was pursuant to the Second SAI Exchange.

F20 · price: The preferred stock disposition was pursuant to the Second SAI Exchange.

F18 · derivative.exercise_date: 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.

F18 · derivative.expiration_date: 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.

F18 · derivative.underlying_shares: 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.

F1 · ownership.nature: 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.

Read SEC document
September 23, 2026 Filed Sep 25, 2026 22:48 UTC Wheeler Real Estate Investment Trust, Inc. WHLR · Entity 8666 Disposition to issuerSeries B Convertible Preferred Stock · Derivative 24,730 Not disclosed Not disclosed
Disclosure

SEC source: 0001213900-26-103642 · ownership.xml · derivative · entry 17

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

Stilwell Associates, L.P. · CIK 0000913960 · 10% owner

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

10b5-1 filing: No plan indicated

Ownership: Indirect · See footnote

Disclosed balance after: 522,788

Underlying: Common Stock · 0 shares

Expires not disclosed

F18 · derivative.exercise_price: 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.

F19 · shares: The preferred stock disposition was pursuant to the First SAI Exchange.

F19 · price: The preferred stock disposition was pursuant to the First SAI Exchange.

F18 · derivative.exercise_date: 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.

F18 · derivative.expiration_date: 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.

F18 · derivative.underlying_shares: 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.

F1 · ownership.nature: 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.

Read SEC document
September 23, 2026 Filed Sep 25, 2026 22:48 UTC Wheeler Real Estate Investment Trust, Inc. WHLR · Entity 8666 Disposition to issuerSeries D Cumulative Convertible Preferred Stock · Derivative 3,222 Not disclosed Not disclosed
Disclosure

SEC source: 0001213900-26-103642 · ownership.xml · derivative · entry 16

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

Stilwell Associates, L.P. · CIK 0000913960 · 10% owner

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

10b5-1 filing: No plan indicated

Ownership: Indirect · See footnote

Disclosed balance after: 0

Underlying: Common Stock · 0 shares

Expires not disclosed

F12 · derivative.exercise_price: 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 0.00000000002 shares of Common Stock (a conversion price of $1,107,800,064,000 per share of Common Stock). Series D Preferred Stock has no expiration date.

F17 · shares: The preferred stock disposition was pursuant to the SA Exchange.

F17 · price: The preferred stock disposition was pursuant to the SA Exchange.

F12 · derivative.exercise_date: 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 0.00000000002 shares of Common Stock (a conversion price of $1,107,800,064,000 per share of Common Stock). Series D Preferred Stock has no expiration date.

F12 · derivative.expiration_date: 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 0.00000000002 shares of Common Stock (a conversion price of $1,107,800,064,000 per share of Common Stock). Series D Preferred Stock has no expiration date.

F12 · derivative.underlying_shares: 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 0.00000000002 shares of Common Stock (a conversion price of $1,107,800,064,000 per share of Common Stock). Series D Preferred Stock has no expiration date.

F4 · ownership.nature: 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.

Read SEC document
September 23, 2026 Filed Sep 25, 2026 22:48 UTC Wheeler Real Estate Investment Trust, Inc. WHLR · Entity 8666 Disposition to issuerSeries D Cumulative Convertible Preferred Stock · Derivative 955 Not disclosed Not disclosed
Disclosure

SEC source: 0001213900-26-103642 · ownership.xml · derivative · entry 14

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

Stilwell Associates, L.P. · CIK 0000913960 · 10% owner

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

10b5-1 filing: No plan indicated

Ownership: Indirect · See footnote

Disclosed balance after: 18,587

Underlying: Common Stock · 0 shares

Expires not disclosed

F12 · derivative.exercise_price: 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 0.00000000002 shares of Common Stock (a conversion price of $1,107,800,064,000 per share of Common Stock). Series D Preferred Stock has no expiration date.

F16 · shares: The preferred stock disposition was pursuant to the Second SAF Exchange.

F16 · price: The preferred stock disposition was pursuant to the Second SAF Exchange.

F12 · derivative.exercise_date: 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 0.00000000002 shares of Common Stock (a conversion price of $1,107,800,064,000 per share of Common Stock). Series D Preferred Stock has no expiration date.

F12 · derivative.expiration_date: 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 0.00000000002 shares of Common Stock (a conversion price of $1,107,800,064,000 per share of Common Stock). Series D Preferred Stock has no expiration date.

F12 · derivative.underlying_shares: 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 0.00000000002 shares of Common Stock (a conversion price of $1,107,800,064,000 per share of Common Stock). Series D Preferred Stock has no expiration date.

F2 · ownership.nature: 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.

Read SEC document
September 23, 2026 Filed Sep 25, 2026 22:48 UTC Wheeler Real Estate Investment Trust, Inc. WHLR · Entity 8666 Disposition to issuerSeries D Cumulative Convertible Preferred Stock · Derivative 491 Not disclosed Not disclosed
Disclosure

SEC source: 0001213900-26-103642 · ownership.xml · derivative · entry 13

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

Stilwell Associates, L.P. · CIK 0000913960 · 10% owner

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

10b5-1 filing: No plan indicated

Ownership: Indirect · See footnote

Disclosed balance after: 19,542

Underlying: Common Stock · 0 shares

Expires not disclosed

F12 · derivative.exercise_price: 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 0.00000000002 shares of Common Stock (a conversion price of $1,107,800,064,000 per share of Common Stock). Series D Preferred Stock has no expiration date.

F15 · shares: The preferred stock disposition was pursuant to the First SAF Exchange.

F15 · price: The preferred stock disposition was pursuant to the First SAF Exchange.

F12 · derivative.exercise_date: 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 0.00000000002 shares of Common Stock (a conversion price of $1,107,800,064,000 per share of Common Stock). Series D Preferred Stock has no expiration date.

F12 · derivative.expiration_date: 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 0.00000000002 shares of Common Stock (a conversion price of $1,107,800,064,000 per share of Common Stock). Series D Preferred Stock has no expiration date.

F12 · derivative.underlying_shares: 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 0.00000000002 shares of Common Stock (a conversion price of $1,107,800,064,000 per share of Common Stock). Series D Preferred Stock has no expiration date.

F2 · ownership.nature: 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.

Read SEC document
September 23, 2026 Filed Sep 25, 2026 22:48 UTC Wheeler Real Estate Investment Trust, Inc. WHLR · Entity 8666 Disposition to issuerSeries D Cumulative Convertible Preferred Stock · Derivative 6,575 Not disclosed Not disclosed
Disclosure

SEC source: 0001213900-26-103642 · ownership.xml · derivative · entry 12

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

Stilwell Associates, L.P. · CIK 0000913960 · 10% owner

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

10b5-1 filing: No plan indicated

Ownership: Indirect · See footnote

Disclosed balance after: 128,103

Underlying: Common Stock · 0 shares

Expires not disclosed

F12 · derivative.exercise_price: 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 0.00000000002 shares of Common Stock (a conversion price of $1,107,800,064,000 per share of Common Stock). Series D Preferred Stock has no expiration date.

F14 · shares: The preferred stock disposition was pursuant to the Second SAI Exchange.

F14 · price: The preferred stock disposition was pursuant to the Second SAI Exchange.

F12 · derivative.exercise_date: 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 0.00000000002 shares of Common Stock (a conversion price of $1,107,800,064,000 per share of Common Stock). Series D Preferred Stock has no expiration date.

F12 · derivative.expiration_date: 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 0.00000000002 shares of Common Stock (a conversion price of $1,107,800,064,000 per share of Common Stock). Series D Preferred Stock has no expiration date.

F12 · derivative.underlying_shares: 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 0.00000000002 shares of Common Stock (a conversion price of $1,107,800,064,000 per share of Common Stock). Series D Preferred Stock has no expiration date.

F1 · ownership.nature: 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.

Read SEC document
September 23, 2026 Filed Sep 25, 2026 22:48 UTC Wheeler Real Estate Investment Trust, Inc. WHLR · Entity 8666 Disposition to issuerSeries D Cumulative Convertible Preferred Stock · Derivative 3,287 Not disclosed Not disclosed
Disclosure

SEC source: 0001213900-26-103642 · ownership.xml · derivative · entry 11

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

Stilwell Associates, L.P. · CIK 0000913960 · 10% owner

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

10b5-1 filing: No plan indicated

Ownership: Indirect · See footnote

Disclosed balance after: 134,678

Underlying: Common Stock · 0 shares

Expires not disclosed

F12 · derivative.exercise_price: 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 0.00000000002 shares of Common Stock (a conversion price of $1,107,800,064,000 per share of Common Stock). Series D Preferred Stock has no expiration date.

F13 · shares: The preferred stock disposition was pursuant to the First SAI Exchange.

F13 · price: The preferred stock disposition was pursuant to the First SAI Exchange.

F12 · derivative.exercise_date: 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 0.00000000002 shares of Common Stock (a conversion price of $1,107,800,064,000 per share of Common Stock). Series D Preferred Stock has no expiration date.

F12 · derivative.expiration_date: 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 0.00000000002 shares of Common Stock (a conversion price of $1,107,800,064,000 per share of Common Stock). Series D Preferred Stock has no expiration date.

F12 · derivative.underlying_shares: 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 0.00000000002 shares of Common Stock (a conversion price of $1,107,800,064,000 per share of Common Stock). Series D Preferred Stock has no expiration date.

F1 · ownership.nature: 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.

Read SEC document
September 23, 2026 Filed Sep 25, 2026 22:48 UTC Wheeler Real Estate Investment Trust, Inc. WHLR · Entity 8666 GrantCommon Stock 62,829 Not disclosed Not disclosed
Disclosure

SEC source: 0001213900-26-103642 · ownership.xml · nonDerivative · entry 6

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

Stilwell Associates, L.P. · CIK 0000913960 · 10% owner

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

10b5-1 filing: No plan indicated

Ownership: Indirect · See footnote

Disclosed balance after: 62,829

F9 · shares: On September 23, 2026, the Issuer agreed to issue to SA 62,829 shares of Common Stock in exchange for 3,222 shares of Series D Preferred Stock held by SA (the "SA Exchange"). The Issuer did not receive any cash proceeds in the SA Exchange.

F9 · price: On September 23, 2026, the Issuer agreed to issue to SA 62,829 shares of Common Stock in exchange for 3,222 shares of Series D Preferred Stock held by SA (the "SA Exchange"). The Issuer did not receive any cash proceeds in the SA Exchange.

F4 · ownership.nature: 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.

Read SEC document
September 23, 2026 Filed Sep 25, 2026 22:48 UTC Wheeler Real Estate Investment Trust, Inc. WHLR · Entity 8666 GrantCommon Stock 35,768 Not disclosed Not disclosed
Disclosure

SEC source: 0001213900-26-103642 · ownership.xml · nonDerivative · entry 4

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

Stilwell Associates, L.P. · CIK 0000913960 · 10% owner

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

10b5-1 filing: No plan indicated

Ownership: Indirect · See footnote

Disclosed balance after: 61,284

F8 · shares: On September 23, 2026, the Issuer agreed to issue to SAF 35,768 shares of Common Stock in exchange for 3,517 shares of Series B Preferred Stock and 955 shares of Series D Preferred Stock held by SAF (the "Second SAF Exchange"). The Issuer did not receive any cash proceeds in the Second SAF Exchange.

F8 · price: On September 23, 2026, the Issuer agreed to issue to SAF 35,768 shares of Common Stock in exchange for 3,517 shares of Series B Preferred Stock and 955 shares of Series D Preferred Stock held by SAF (the "Second SAF Exchange"). The Issuer did not receive any cash proceeds in the Second SAF Exchange.

F2 · ownership.nature: 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.

Read SEC document
September 23, 2026 Filed Sep 25, 2026 22:48 UTC Wheeler Real Estate Investment Trust, Inc. WHLR · Entity 8666 GrantCommon Stock 25,516 Not disclosed Not disclosed
Disclosure

SEC source: 0001213900-26-103642 · 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

Stilwell Associates, L.P. · CIK 0000913960 · 10% owner

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

10b5-1 filing: No plan indicated

Ownership: Indirect · See footnote

Disclosed balance after: 25,516

F7 · shares: On September 23, 2026, the Issuer agreed to issue to SAF 25,516 shares of Common Stock in exchange for 3,270 shares of Series B Preferred Stock and 491 shares of Series D Preferred Stock held by SAF (the "First SAF Exchange"). The Issuer did not receive any cash proceeds in the First SAF Exchange.

F7 · price: On September 23, 2026, the Issuer agreed to issue to SAF 25,516 shares of Common Stock in exchange for 3,270 shares of Series B Preferred Stock and 491 shares of Series D Preferred Stock held by SAF (the "First SAF Exchange"). The Issuer did not receive any cash proceeds in the First SAF Exchange.

F2 · ownership.nature: 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.

Read SEC document
September 23, 2026 Filed Sep 25, 2026 22:48 UTC Wheeler Real Estate Investment Trust, Inc. WHLR · Entity 8666 GrantCommon Stock 257,902 Not disclosed Not disclosed
Disclosure

SEC source: 0001213900-26-103642 · 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

Stilwell Associates, L.P. · CIK 0000913960 · 10% owner

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

10b5-1 filing: No plan indicated

Ownership: Indirect · See footnote

Disclosed balance after: 442,563

F6 · shares: On September 23, 2026, the Issuer agreed to issue to SAI 257,902 shares of Common Stock in exchange for 26,603 shares of Series B Preferred Stock and 6,575 shares of Series D Preferred Stock held by SAI (the "Second SAI Exchange"). The Issuer did not receive any cash proceeds in the Second SAI Exchange.

F6 · price: On September 23, 2026, the Issuer agreed to issue to SAI 257,902 shares of Common Stock in exchange for 26,603 shares of Series B Preferred Stock and 6,575 shares of Series D Preferred Stock held by SAI (the "Second SAI Exchange"). The Issuer did not receive any cash proceeds in the Second SAI Exchange.

F1 · ownership.nature: 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.

Read SEC document
September 23, 2026 Filed Sep 25, 2026 22:48 UTC Wheeler Real Estate Investment Trust, Inc. WHLR · Entity 8666 GrantCommon Stock 184,655 Not disclosed Not disclosed
Disclosure

SEC source: 0001213900-26-103642 · ownership.xml · nonDerivative · entry 1

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

Stilwell Associates, L.P. · CIK 0000913960 · 10% owner

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

10b5-1 filing: No plan indicated

Ownership: Indirect · See footnote

Disclosed balance after: 184,661

F5 · shares: On September 23, 2026, the Issuer agreed to issue to SAI 184,655 shares of the Issuer's common stock ("Common Stock") in exchange for 24,730 shares of the Issuer's Series B Preferred Stock ("Series B Preferred Stock") and 3,287 shares of the Issuer's Series D Cumulative Convertible Preferred Stock ("Series D Preferred Stock") held by SAI (the "First SAI Exchange"). The Issuer did not receive any cash proceeds in the First SAI Exchange.

F5 · price: On September 23, 2026, the Issuer agreed to issue to SAI 184,655 shares of the Issuer's common stock ("Common Stock") in exchange for 24,730 shares of the Issuer's Series B Preferred Stock ("Series B Preferred Stock") and 3,287 shares of the Issuer's Series D Cumulative Convertible Preferred Stock ("Series D Preferred Stock") held by SAI (the "First SAI Exchange"). The Issuer did not receive any cash proceeds in the First SAI Exchange.

F1 · ownership.nature: 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.

Read SEC document
August 13, 2026 Filed Aug 17, 2026 20:19 UTC KINGSWAY Corp KWY · Entity 5976 SaleCommon Stock 40,850 $10.00 $408,500.00
Disclosure

SEC source: 0001104659-26-097865 · tm2623411d1_4seq1.xml · nonDerivative · entry 4

Stilwell Joseph · CIK 0001113303 · Director · 10% owner

Stilwell Value LLC · CIK 0001397076 · 10% owner

Stilwell Associates, L.P. · CIK 0000913960 · 10% owner

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

Stilwell Activist Investments, L.P. · CIK 0001573720 · 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: No plan indicated

Ownership: Indirect · See footnote

Disclosed balance after: 330,718

F2 · kind: This Form 4 reports the following sales on August 13, 2026: Stilwell Associates, L.P. ("Associates") sold 32,982 shares at $10.00; Stilwell Activist Investments, L.P. ("SAI") sold 26,168 shares at $10.00; and Stilwell Value Partners VII, L.P. ("SVP VII") sold 40,850 shares at $10.00.

F5 · ownership.nature: These are shares owned directly by 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.

Read SEC document
August 13, 2026 Filed Aug 17, 2026 20:19 UTC KINGSWAY Corp KWY · Entity 5976 SaleCommon Stock 26,168 $10.00 $261,680.00
Disclosure

SEC source: 0001104659-26-097865 · tm2623411d1_4seq1.xml · nonDerivative · entry 3

Stilwell Joseph · CIK 0001113303 · Director · 10% owner

Stilwell Value LLC · CIK 0001397076 · 10% owner

Stilwell Associates, L.P. · CIK 0000913960 · 10% owner

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

Stilwell Activist Investments, L.P. · CIK 0001573720 · 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: No plan indicated

Ownership: Indirect · See footnote

Disclosed balance after: 2,228,803

F2 · kind: This Form 4 reports the following sales on August 13, 2026: Stilwell Associates, L.P. ("Associates") sold 32,982 shares at $10.00; Stilwell Activist Investments, L.P. ("SAI") sold 26,168 shares at $10.00; and Stilwell Value Partners VII, L.P. ("SVP VII") sold 40,850 shares at $10.00.

F4 · ownership.nature: These are shares 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.

Read SEC document
August 13, 2026 Filed Aug 17, 2026 20:19 UTC KINGSWAY Corp KWY · Entity 5976 SaleCommon Stock 32,982 $10.00 $329,820.00
Disclosure

SEC source: 0001104659-26-097865 · tm2623411d1_4seq1.xml · nonDerivative · entry 2

Stilwell Joseph · CIK 0001113303 · Director · 10% owner

Stilwell Value LLC · CIK 0001397076 · 10% owner

Stilwell Associates, L.P. · CIK 0000913960 · 10% owner

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

Stilwell Activist Investments, L.P. · CIK 0001573720 · 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: No plan indicated

Ownership: Indirect · See footnote

Disclosed balance after: 267,018

F2 · kind: This Form 4 reports the following sales on August 13, 2026: Stilwell Associates, L.P. ("Associates") sold 32,982 shares at $10.00; Stilwell Activist Investments, L.P. ("SAI") sold 26,168 shares at $10.00; and Stilwell Value Partners VII, L.P. ("SVP VII") sold 40,850 shares at $10.00.

F3 · ownership.nature: These are shares owned directly by Associates 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 Associates. Joseph Stilwell disclaims beneficial ownership of all shares reported as owned indirectly except to the extent of his pecuniary interest therein.

Read SEC document
July 31, 2026 Filed Aug 3, 2026 14:03 UTC PEOPLES FINANCIAL CORP /MS/ PFBX · Entity 6719 PurchaseCommon Stock 37,966 $22.25 $844,701.74
Disclosure

SEC source: 0001113303-26-000053 · form4-08032026_020855.xml · nonDerivative · entry 3

Stilwell Joseph · CIK 0001113303 · 10% owner

Stilwell Value LLC · CIK 0001397076 · 10% owner

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

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

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

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

10b5-1 filing: No plan indicated

Ownership: Indirect · See footnote

Disclosed balance after: 517,788

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.

Read SEC document
July 31, 2026 Filed Aug 3, 2026 14:03 UTC PEOPLES FINANCIAL CORP /MS/ PFBX · Entity 6719 PurchaseCommon Stock 4,692 $22.25 $104,391.84
Disclosure

SEC source: 0001113303-26-000053 · form4-08032026_020855.xml · nonDerivative · entry 2

Stilwell Joseph · CIK 0001113303 · 10% owner

Stilwell Value LLC · CIK 0001397076 · 10% owner

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

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

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

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

10b5-1 filing: No plan indicated

Ownership: Indirect · See footnote

Disclosed balance after: 210,452

F2 · 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 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.

Read SEC document
July 15, 2026 Filed Jul 17, 2026 15:19 UTC PEOPLES FINANCIAL CORP /MS/ PFBX · Entity 6719 PurchaseCommon Stock 2,500 $21.75 $54,375.00
Disclosure

SEC source: 0001113303-26-000051 · form4-07172026_030729.xml · nonDerivative · entry 3

Stilwell Joseph · CIK 0001113303 · 10% owner

Stilwell Value LLC · CIK 0001397076 · 10% owner

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

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

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

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

10b5-1 filing: No plan indicated

Ownership: Indirect · See footnote

Disclosed balance after: 479,822

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.

Read SEC document
July 13, 2026 Filed Jul 14, 2026 17:02 UTC PEOPLES FINANCIAL CORP /MS/ PFBX · Entity 6719 PurchaseCommon Stock 200 $21.50 $4,300.00
Disclosure

SEC source: 0001113303-26-000049 · form4-07142026_050718.xml · nonDerivative · entry 3

Stilwell Joseph · CIK 0001113303 · 10% owner

Stilwell Value LLC · CIK 0001397076 · 10% owner

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

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

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

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

10b5-1 filing: No plan indicated

Ownership: Indirect · See footnote

Disclosed balance after: 477,322

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.

Read SEC document
July 02, 2026 Filed Jul 6, 2026 15:09 UTC PEOPLES FINANCIAL CORP /MS/ PFBX · Entity 6719 PurchaseCommon Stock 507 $21.25 $10,773.75
Disclosure

SEC source: 0001113303-26-000047 · form4-07062026_030740.xml · nonDerivative · entry 4

Stilwell Joseph · CIK 0001113303 · 10% owner

Stilwell Value LLC · CIK 0001397076 · 10% owner

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

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

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

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

10b5-1 filing: No plan indicated

Ownership: Indirect · See footnote

Disclosed balance after: 477,122

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.

Read SEC document
July 01, 2026 Filed Jul 6, 2026 15:09 UTC PEOPLES FINANCIAL CORP /MS/ PFBX · Entity 6719 PurchaseCommon Stock 2,150 $21.25 $45,687.50
Disclosure

SEC source: 0001113303-26-000047 · form4-07062026_030740.xml · nonDerivative · entry 3

Stilwell Joseph · CIK 0001113303 · 10% owner

Stilwell Value LLC · CIK 0001397076 · 10% owner

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

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

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

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

10b5-1 filing: No plan indicated

Ownership: Indirect · See footnote

Disclosed balance after: 476,615

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.

Read SEC document
June 30, 2026 Filed Jul 2, 2026 20:14 UTC Wheeler Real Estate Investment Trust, Inc. WHLR · Entity 8666 OtherSeries D Cumulative Convertible Preferred Stock · Derivative 933 Not disclosed Strike: $6,154,444,800.00 Not disclosed
Disclosure

SEC source: 0001213900-26-074974 · ownership.xml · derivative · entry 13

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

Stilwell Associates, L.P. · CIK 0000913960 · 10% owner

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

10b5-1 filing: No plan indicated

Ownership: Indirect · See footnote

Disclosed balance after: 3,222

Underlying: Common Stock · 0 shares

Expires not disclosed

F8 · derivative.exercise_price: 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.

F7 · shares: 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").

F9 · price: 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.

F8 · derivative.exercise_date: 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.

F8 · derivative.expiration_date: 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.

F8 · derivative.underlying_shares: 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.

F4 · ownership.nature: 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.

Read SEC document
June 30, 2026 Filed Jul 2, 2026 20:14 UTC Wheeler Real Estate Investment Trust, Inc. WHLR · Entity 8666 SaleSeries D Cumulative Convertible Preferred Stock · Derivative 1,103 $36.00 Strike: $6,154,444,800.00 $39,708.00
Disclosure

SEC source: 0001213900-26-074974 · ownership.xml · derivative · entry 12

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

Stilwell Associates, L.P. · CIK 0000913960 · 10% owner

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

10b5-1 filing: No plan indicated

Ownership: Indirect · See footnote

Disclosed balance after: 21,148

Underlying: Common Stock · 0 shares

Expires not disclosed

F8 · derivative.exercise_price: 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.

F10 · shares: 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.

F8 · derivative.exercise_date: 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.

F8 · derivative.expiration_date: 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.

F8 · derivative.underlying_shares: 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.

F3 · ownership.nature: 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.

Read SEC document
June 30, 2026 Filed Jul 2, 2026 20:14 UTC Wheeler Real Estate Investment Trust, Inc. WHLR · Entity 8666 OtherSeries D Cumulative Convertible Preferred Stock · Derivative 3,152 Not disclosed Strike: $6,154,444,800.00 Not disclosed
Disclosure

SEC source: 0001213900-26-074974 · ownership.xml · derivative · entry 11

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

Stilwell Associates, L.P. · CIK 0000913960 · 10% owner

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

10b5-1 filing: No plan indicated

Ownership: Indirect · See footnote

Disclosed balance after: 22,251

Underlying: Common Stock · 0 shares

Expires not disclosed

F8 · derivative.exercise_price: 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.

F7 · shares: 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").

F9 · price: 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.

F8 · derivative.exercise_date: 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.

F8 · derivative.expiration_date: 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.

F8 · derivative.underlying_shares: 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.

F3 · ownership.nature: 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.

Read SEC document
June 30, 2026 Filed Jul 2, 2026 20:14 UTC Wheeler Real Estate Investment Trust, Inc. WHLR · Entity 8666 OtherSeries D Cumulative Convertible Preferred Stock · Derivative 4,235 Not disclosed Strike: $6,154,444,800.00 Not disclosed
Disclosure

SEC source: 0001213900-26-074974 · ownership.xml · derivative · entry 10

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

Stilwell Associates, L.P. · CIK 0000913960 · 10% owner

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

10b5-1 filing: No plan indicated

Ownership: Indirect · See footnote

Disclosed balance after: 20,033

Underlying: Common Stock · 0 shares

Expires not disclosed

F8 · derivative.exercise_price: 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.

F7 · shares: 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").

F9 · price: 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.

F8 · derivative.exercise_date: 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.

F8 · derivative.expiration_date: 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.

F8 · derivative.underlying_shares: 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.

F2 · ownership.nature: 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.

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June 30, 2026 Filed Jul 2, 2026 20:14 UTC Wheeler Real Estate Investment Trust, Inc. WHLR · Entity 8666 OtherSeries D Cumulative Convertible Preferred Stock · Derivative 29,011 Not disclosed Strike: $6,154,444,800.00 Not disclosed
Disclosure

SEC source: 0001213900-26-074974 · ownership.xml · derivative · entry 9

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

Stilwell Associates, L.P. · CIK 0000913960 · 10% owner

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

10b5-1 filing: No plan indicated

Ownership: Indirect · See footnote

Disclosed balance after: 137,965

Underlying: Common Stock · 0 shares

Expires not disclosed

F8 · derivative.exercise_price: 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.

F7 · shares: 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").

F9 · price: 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.

F8 · derivative.exercise_date: 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.

F8 · derivative.expiration_date: 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.

F8 · derivative.underlying_shares: 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.

F1 · ownership.nature: 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.

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June 26, 2026 Filed Jun 30, 2026 18:41 UTC Wheeler Real Estate Investment Trust, Inc. WHLR · Entity 8666 SaleSeries B Convertible Preferred Stock · Derivative 13,895 $8.64 Strike: $14,515,200,000.00 $120,084.76
Disclosure

SEC source: 0001213900-26-073610 · ownership.xml · derivative · entry 15

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

Stilwell Associates, L.P. · CIK 0000913960 · 10% owner

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

10b5-1 filing: No plan indicated

Ownership: Indirect · See footnote

Disclosed balance after: 90,565

Underlying: Common Stock · 0 shares

Expires not disclosed

F9 · derivative.exercise_price: 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.

F8 · shares: 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.

F9 · derivative.exercise_date: 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.

F9 · derivative.expiration_date: 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.

F9 · derivative.underlying_shares: 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.

F3 · ownership.nature: 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.

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June 26, 2026 Filed Jun 30, 2026 18:41 UTC Wheeler Real Estate Investment Trust, Inc. WHLR · Entity 8666 SaleSeries B Convertible Preferred Stock · Derivative 11,105 $8.64 Strike: $14,515,200,000.00 $95,972.74
Disclosure

SEC source: 0001213900-26-073610 · ownership.xml · derivative · entry 14

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

Stilwell Associates, L.P. · CIK 0000913960 · 10% owner

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

10b5-1 filing: No plan indicated

Ownership: Indirect · See footnote

Disclosed balance after: 72,383

Underlying: Common Stock · 0 shares

Expires not disclosed

F9 · derivative.exercise_price: 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.

F8 · shares: 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.

F9 · derivative.exercise_date: 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.

F9 · derivative.expiration_date: 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.

F9 · derivative.underlying_shares: 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.

F2 · ownership.nature: 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.

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June 03, 2026 Filed Jun 4, 2026 17:01 UTC PEOPLES FINANCIAL CORP /MS/ PFBX · Entity 6719 PurchaseCommon Stock 200 $21.25 $4,250.00
Disclosure

SEC source: 0001113303-26-000045 · form4-06042026_050659.xml · nonDerivative · entry 3

Stilwell Joseph · CIK 0001113303 · 10% owner

Stilwell Value LLC · CIK 0001397076 · 10% owner

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

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

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

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

10b5-1 filing: No plan indicated

Ownership: Indirect · See footnote

Disclosed balance after: 474,465

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.

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June 03, 2026 Filed Jun 5, 2026 20:55 UTC Wheeler Real Estate Investment Trust, Inc. WHLR · Entity 8666 Purchase7.00% Subordinated Convertible Notes due 2031 · Derivative Not disclosed $2,062,492.50 Strike: $1.03 $625,000.00
Disclosure

SEC source: 0001213900-26-065877 · ownership.xml · derivative · entry 8

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

Stilwell Associates, L.P. · CIK 0000913960 · 10% owner

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

10b5-1 filing: No plan indicated

Ownership: Indirect · See footnote

Disclosed balance after: Not disclosed

Underlying: Common Stock · 608,576 shares

Expires 2031-12-31

F5 · derivative.exercise_price: 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).

F8 · price: 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.

F5 · derivative.exercise_date: 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).

F5 · derivative.underlying_shares: 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).

F6 · derivative.underlying_shares: 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.

F4 · ownership.nature: 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.

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June 03, 2026 Filed Jun 5, 2026 20:55 UTC Wheeler Real Estate Investment Trust, Inc. WHLR · Entity 8666 Sale7.00% Subordinated Convertible Notes due 2031 · Derivative Not disclosed $3,506,250.00 Strike: $1.03 $1,062,500.00
Disclosure

SEC source: 0001213900-26-065877 · ownership.xml · derivative · entry 7

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

Stilwell Associates, L.P. · CIK 0000913960 · 10% owner

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

10b5-1 filing: No plan indicated

Ownership: Indirect · See footnote

Disclosed balance after: Not disclosed

Underlying: Common Stock · 1,034,579 shares

Expires 2031-12-31

F5 · derivative.exercise_price: 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).

F7 · price: 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.

F5 · derivative.exercise_date: 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).

F5 · derivative.underlying_shares: 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).

F6 · derivative.underlying_shares: 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.

F3 · ownership.nature: 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.

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May 26, 2026 Filed May 27, 2026 13:01 UTC PEOPLES FINANCIAL CORP /MS/ PFBX · Entity 6719 PurchaseCommon Stock 1,717 $21.25 $36,486.25
Disclosure

SEC source: 0001113303-26-000044 · form4-05272026_010557.xml · nonDerivative · entry 3

Stilwell Joseph · CIK 0001113303 · 10% owner

Stilwell Value LLC · CIK 0001397076 · 10% owner

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

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

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

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

10b5-1 filing: No plan indicated

Ownership: Indirect · See footnote

Disclosed balance after: 474,265

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.

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May 18, 2026 Filed May 19, 2026 14:58 UTC PEOPLES FINANCIAL CORP /MS/ PFBX · Entity 6719 PurchaseCommon Stock 999 $21.25 $21,228.75
Disclosure

SEC source: 0001113303-26-000042 · form4-05192026_020526.xml · nonDerivative · entry 3

Stilwell Joseph · CIK 0001113303 · 10% owner

Stilwell Value LLC · CIK 0001397076 · 10% owner

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

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

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

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

10b5-1 filing: No plan indicated

Ownership: Indirect · See footnote

Disclosed balance after: 472,548

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.

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May 12, 2026 Filed May 13, 2026 16:30 UTC PEOPLES FINANCIAL CORP /MS/ PFBX · Entity 6719 PurchaseCommon Stock 500 $21.25 $10,627.45
Disclosure

SEC source: 0001113303-26-000040 · form4-05132026_040529.xml · nonDerivative · entry 3

Stilwell Joseph · CIK 0001113303 · 10% owner

Stilwell Value LLC · CIK 0001397076 · 10% owner

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

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

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

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

10b5-1 filing: No plan indicated

Ownership: Indirect · See footnote

Disclosed balance after: 471,549

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.

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May 11, 2026 Filed May 12, 2026 16:44 UTC PEOPLES FINANCIAL CORP /MS/ PFBX · Entity 6719 PurchaseCommon Stock 789 $21.25 $16,766.25
Disclosure

SEC source: 0001113303-26-000036 · form4-05122026_040503.xml · nonDerivative · entry 3

Stilwell Joseph · CIK 0001113303 · 10% owner

Stilwell Value LLC · CIK 0001397076 · 10% owner

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

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

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

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

10b5-1 filing: No plan indicated

Ownership: Indirect · See footnote

Disclosed balance after: 471,049

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.

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May 08, 2026 Filed May 11, 2026 14:38 UTC PEOPLES FINANCIAL CORP /MS/ PFBX · Entity 6719 PurchaseCommon Stock 2,212 $21.25 $47,005.00
Disclosure

SEC source: 0001113303-26-000034 · form4-05112026_020504.xml · nonDerivative · entry 3

Stilwell Joseph · CIK 0001113303 · 10% owner

Stilwell Value LLC · CIK 0001397076 · 10% owner

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

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

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

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

10b5-1 filing: No plan indicated

Ownership: Indirect · See footnote

Disclosed balance after: 470,260

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.

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May 06, 2026 Filed May 7, 2026 14:07 UTC PEOPLES FINANCIAL CORP /MS/ PFBX · Entity 6719 PurchaseCommon Stock 2,058 $21.25 $43,732.50
Disclosure

SEC source: 0001113303-26-000031 · form4-05072026_020500.xml · nonDerivative · entry 3

Stilwell Joseph · CIK 0001113303 · 10% owner

Stilwell Value LLC · CIK 0001397076 · 10% owner

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

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

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

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

10b5-1 filing: No plan indicated

Ownership: Indirect · See footnote

Disclosed balance after: 468,048

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.

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May 04, 2026 Filed May 5, 2026 13:55 UTC PEOPLES FINANCIAL CORP /MS/ PFBX · Entity 6719 PurchaseCommon Stock 500 $21.50 $10,748.25
Disclosure

SEC source: 0001113303-26-000028 · form4-05052026_010555.xml · nonDerivative · entry 3

Stilwell Joseph · CIK 0001113303 · 10% owner

Stilwell Value LLC · CIK 0001397076 · 10% owner

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

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

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

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

10b5-1 filing: No plan indicated

Ownership: Indirect · See footnote

Disclosed balance after: 465,990

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.

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Value uses the disclosed total when available, otherwise shares × reported transaction price. It is not an estimate of exercise cash cost or investment performance.