SEC FORM 4

SEC Form 4

表格4

美國證券交易所(SEC)
華盛頓特區 20549

有關受益所有權的變動聲明

根據1934年證券交易法第16(a)條或1940年投資公司法第30(h)條申報
或1940年投資公司法第30（h）條款

OMB批准號

OMB號碼：3235-0287			3235-0287
如果不再受第16條的限制，請勾選此框。表格4或表格5的義務可能仍然存在。
0.5小時			0.5

請參見指令1(b)。查看 1. 報告人的姓名和地址

勾選該框表示交易是根據購買或銷售發行方權益證券的合同，指示或書面計劃進行的，旨在滿足10b5-1(c)規則的肯定防禦條件。參見指令10。

1. 報告人姓名和地址^*

STILWELL JOSEPH

(姓)

(名)

(中間名)

200 Calle Del Santo Cristo

(街道)

聖胡安

00901

(城市)

(州)

(郵政編碼)

2. 發行人名稱和逐筆明細或交易標的
Wheeler房地產投資信託公司 [ WHLR ]

5. 報告人與發行人之間的關係
(勾選所有適用項)

X	董事	X	10%的股東
	高級職員（請在下方註明職稱）		其他（請在下方註明）

3. 最早交易日期 (月/日/年)
11/14/2024

4. 如有修正，最初提交日期 (月/日/年)

6. 個人或聯合/團體申報（選擇適用的行）

	由一個報告人提交的表格
X	由多個報告人提交的表格

表格I-已獲取、已處置或有利益佔有的非衍生證券
1. 證券名稱（說明書第3條）	2. 交易日期（月/日/年）	2A. 如有，則被視爲執行日期（月/日/年）	3. 交易代碼（說明書第8條）		4. 已獲取的證券（A）或已處置的證券（D）（說明書第3、4和5條）			5. 報告交易後擁有的證券數量（說明書第3和4條）	6. 擁有形式：直接（D）或間接（I）（說明書第4條）	7. 間接利益所有權的性質（說明書第4條）
1. 證券名稱（說明書第3條）	2. 交易日期（月/日/年）	2A. 如有，則被視爲執行日期（月/日/年）	法規	V	金額	（A）或（D）	價格	5. 報告交易後擁有的證券數量（說明書第3和4條）	6. 擁有形式：直接（D）或間接（I）（說明書第4條）	7. 間接利益所有權的性質（說明書第4條）
普通股								65,518	I	見腳註⁽¹⁾
普通股								9,835	I	見腳註⁽²⁾
普通股								18,594	I	見腳註⁽³⁾
普通股								248	I	見腳註⁽⁴⁾

表 II-收購、處置或實益擁有的衍生證券（例如，看跌期權、看漲期權、認股權證、期權、可轉換證券）
1。衍生證券的標題（Instr. 3)	2。衍生證券的兌換價或行使價	3。交易日期（月/日/年）	3A。視爲執行日期（如果有）（月/日/年）	4。交易代碼（Instr. 8)		5。收購（A）或處置的衍生證券數量（D）（Instr. 3、4 和 5)		6。可行使日期和到期日（月/日/年）		7。衍生證券標的證券所有權和金額（Instr. 3 和 4)		8。衍生證券價格（Instr. 5)	9。報告交易後實益擁有的衍生證券數量（Instr. 4)	10。所有權形式：直接（D）或間接（I）（Instr. 4)	11。間接受益所有權的性質（Instr. 4)
1。衍生證券的標題（Instr. 3)	2。衍生證券的兌換價或行使價	3。交易日期（月/日/年）	3A。視爲執行日期（如果有）（月/日/年）	代碼	V	(A)	(D)	可行使日期	到期日期	標題	股份金額或數量	8。衍生證券價格（Instr. 5)	9。報告交易後實益擁有的衍生證券數量（Instr. 4)	10。所有權形式：直接（D）或間接（I）（Instr. 4)	11。間接受益所有權的性質（Instr. 4)
7.00% 2031年到期的次級可轉換票據	$2.37⁽⁵⁾							⁽⁵⁾	12/31/2031	普通股	7,707,151⁽⁵⁾⁽⁶⁾		$18,302,425	I	見腳註⁽¹⁾
7.00% 2031年到期的次級可轉換票據	$2.37⁽⁵⁾							⁽⁵⁾	12/31/2031	普通股	1,105,366⁽⁵⁾⁽⁶⁾		$2,624,950	I	見腳註⁽²⁾
7.00% 2031年到期的次級可轉換票據	$2.37⁽⁵⁾							⁽⁵⁾	12/31/2031	普通股	1,737,037⁽⁵⁾⁽⁶⁾		$4,125,000	I	見腳註⁽³⁾
7.00% 2031年到期的次級可轉換票據	$2.37⁽⁵⁾							⁽⁵⁾	12/31/2031	普通股	101,011⁽⁵⁾⁽⁶⁾		$239,875	I	見腳註⁽⁴⁾
D 系列累積可轉換優先股	$61,056⁽⁸⁾	11/14/2024		S			50,465⁽⁷⁾	⁽⁸⁾	⁽⁸⁾	普通股	20⁽⁸⁾	$24.0075	50,724	I	見腳註⁽¹⁾
D 系列累積可轉換優先股	$61,056⁽⁸⁾	11/14/2024		S			7,244⁽⁷⁾	⁽⁸⁾	⁽⁸⁾	普通股	2⁽⁸⁾	$24.0075	7,282	I	見腳註⁽²⁾
D 系列累積可轉換優先股	$61,056⁽⁸⁾	11/14/2024		S			7,291⁽⁷⁾	⁽⁸⁾	⁽⁸⁾	普通股	2⁽⁸⁾	$24.0075	7,328	I	見腳註⁽³⁾
D 系列累積可轉換優先股	$61,056⁽⁸⁾							⁽⁸⁾	⁽⁸⁾	普通股	0⁽⁸⁾		405	I	見腳註⁽⁴⁾
B 系列可轉換優先股	$144,000⁽⁹⁾							⁽⁹⁾	⁽⁹⁾	普通股	103⁽⁹⁾		596,473	I	見腳註⁽¹⁾
B 系列可轉換優先股	$144,000⁽⁹⁾							⁽⁹⁾	⁽⁹⁾	普通股	14⁽⁹⁾		85,792	I	見腳註⁽²⁾
B 系列可轉換優先股	$144,000⁽⁹⁾							⁽⁹⁾	⁽⁹⁾	普通股	23⁽⁹⁾		134,820	I	見腳註⁽³⁾

1. 報告人姓名和地址^*

STILWELL JOSEPH

(姓)

(名)

(中間名)

200 Calle Del Santo Cristo

(街道)

聖胡安

00901

(城市)

(州)

(郵政編碼)

報告人和發行人的關係

X	董事	X	10%的股東
	高級職員（請在下方註明職稱）		其他（請在下方註明）

1. 報告人姓名和地址^*

惠理集團有限責任公司

(姓)

(名)

(中間名)

111 百老匯,

12TH FLOOR

(街道)

紐約

10006

(城市)

(州)

(郵政編碼)

報告人和發行人的關係

董事	X	10%的股東
高級職員（請在下方註明職稱）		其他（請在下方註明）

1. 報告人姓名和地址^*

Stilwell激進投資公司有限合夥企業。

(姓)

(名)

(中間名)

111 百老匯,

12TH FLOOR

(街道)

紐約

10006

(城市)

(州)

(郵政編碼)

報告人和發行人的關係

董事	X	10%的股東
高級職員（請在下方註明職稱）		其他（請在下方註明）

1. 報告人姓名和地址^*

Stilwell激進基金，L.P.

(姓)

(名)

(中間名)

111 BROADWAY,

12TH FLOOR

(街道)

紐約

10006

(城市)

(州)

(郵政編碼)

報告人和發行人的關係

董事	X	10%的股東
高級職員（請在下方註明職稱）		其他（請在下方註明）

1. 報告人姓名和地址^*

Stilwell集團價值合夥企業第七期有限合夥企業。

(姓)

(名)

(中間名)

111 百老匯,

12TH FLOOR

(街道)

紐約

10006

(城市)

(州)

(郵政編碼)

報告人和發行人的關係

董事	X	10%的股東
高級職員（請在下方註明職稱）		其他（請在下方註明）

1. 報告人姓名和地址^*

Stilwell Associates L P

(姓)

(名)

(中間名)

111 BROADWAY,

12TH FLOOR

(街道)

紐約

10006

(城市)

(州)

(郵政編碼)

報告人和發行人的關係

董事	X	10%的股東
高級職員（請在下方註明職稱）		其他（請在下方註明）

Explanation of Responses:

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

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

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

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

5. 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 $2.37 per share (10.53 common shares for each $25.00 of principal amount of the Notes being converted).

6. 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. The number of shares of the Issuer's common stock indicated in the Table is based on the outstanding principal amount of the Notes held by the Reporting Person.

7. This Form 4 reports the following sales of the Series D Preferred Stock on November 14, 2024: (i) SAI sold 50,465 shares at $24.0075 per share, (ii) SAF sold 7,244 shares at $24.0075 per share, and (iii) SVP VII sold 7,291 shares at $24.0075 per share.

8. 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 0.000409 shares of the Issuer's common stock (a conversion price of $61,056 per share of common stock). Series D Preferred Stock has no expiration date.

9. 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 0.000174 shares of the Issuer's common stock (a conversion price of $144,000 per share of common stock). Series B Preferred Stock has no expiration date.

Remarks:

All share amounts and other data in this Form 4 are as of November 18, 2024, but prior to the effectiveness of a one-for-two reverse stock split of the Issuer's common stock, previously announced by the Issuer, to be effective at 5:00 p.m. Eastern Time on November 18, 2024, and do not reflect such reverse stock split.

	/s/ Joseph Stilwell	11/18/2024
	/s/ Joseph Stilwell as authorized agent for Stilwell Value LLC	11/18/2024
	/s/ Joseph Stilwell as authorized agent for Stilwell Activist Investments, L.P.	11/18/2024
	/s/ Joseph Stilwell as authorized agent for Stilwell Activist Fund, L.P.	11/18/2024
	/s/ Joseph Stilwell as authorized agent for Stilwell Value Partners VII, L.P.	11/18/2024
	/s/ Joseph Stilwell as authorized agent for Stilwell Associates, L.P.	11/18/2024
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.