Magnetar Financial sells Wheeler Real Estate (WHLR) shares for $21,338

Magnetar Financial LLC, a ten-percent owner of Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR), reported selling a total of 25,354 shares of common stock between April 7 and April 9, 2026. The sales amounted to $21,338 with prices ranging from $0.8279 to $0.8551.The insider sale comes as the stock has declined nearly 10% over the past week and posted a staggering 99.83% loss over the past year. Despite this severe downturn, InvestingPro analysis suggests the stock may be undervalued at current levels, with additional insights available through the platform’s comprehensive Fair Value assessment and 12 additional ProTips.

The transactions, as detailed in a Form 4 filing with the Securities and Exchange Commission, involved three separate sales. On April 7, 6,774 shares were sold at a weighted average price of $0.8542, with individual prices ranging from $0.85 to $0.86. Following this, on April 8, 6,234 shares were sold at an average price of $0.8551, with prices varying between $0.84 and $0.88. The final sale occurred on April 9, with 12,346 shares sold at an average price of $0.8279, within a price range of $0.82 to $0.83.

After these transactions, Magnetar Financial LLC indirectly owns 96,627 shares of Wheeler Real Estate Investment Trust, Inc. Magnetar Financial LLC serves as (i) the investment manager to Magnetar Longhorn Fund LP, a Delaware limited partnership, Purpose Alternative Credit Fund - F LLC, a Delaware limited liability company, and Purpose Alternative Credit Fund - T LLC, a Delaware limited liability company, (ii) general partner of Magnetar Structured Credit Fund, LP, a Delaware limited partnership, and (iii) manager of Magnetar Lake Credit Fund LLC, a Delaware limited liability company (together with all of the vehicles in the foregoing clauses (i) and (ii), the "Magnetar Vehicles"), each of which holds a portion of the indicated securities. In such capacities, Magnetar Financial LLC exercises voting and investment power over the Common Stock acquired upon exercise of the Warrants by the Magnetar Vehicles., Magnetar Capital Partners LP ("Magnetar Capital Partners"), a Delaware limited partnership, is the sole member and parent holding company of Magnetar Financial LLC. Supernova Management LLC ("Supernova Management"), a Delaware limited liability company, is the general partner of Magnetar Capital Partners. The current administrative manager of Supernova Management is David J. Snyderman, a citizen of the United States of America., Each of the Magnetar Vehicles, Magnetar Financial LLC, Magnetar Capital Partners, Supernova Management and David J. Snyderman disclaims beneficial ownership of these shares of Common Stock of the Issuer, except to the extent of its or his pecuniary interest therein.

The sales were executed on behalf of Magnetar Financial LLC, Magnetar Capital Partners LP, and Supernova Management LLC. The Form 4 was signed by Hayley A. Stein, Attorney-in-Fact for David J. Snyderman, as Administrative Manager of Supernova Management LLC, which is the General Partner of Magnetar Capital Partners LP, which is in turn the Sole Member of Magnetar Financial LLC.

In other recent news, Wheeler Real Estate Investment Trust has announced adjustments to the conversion price for its 7.00% Subordinated Convertible Notes due 2031, following a series of redemptions of its Series D Preferred Stock. The company processed redemption requests for 5,200 shares of Series D Preferred Stock, with a redemption price of approximately $41.28 per share, settled through the issuance of 207,066 shares of common stock. Additionally, Wheeler Real Estate Investment Trust has issued 146,666 shares of its Series D Cumulative Convertible Preferred Stock in exchange for shares from its subsidiary, Cedar Realty Trust. The issuance was executed in two transactions, involving the exchange of Series C and Series B Cumulative Redeemable Preferred Stock.

In leadership news, Wheeler Real Estate Investment Trust has undergone executive and board changes, including the departure of its Chief Financial Officer and the appointment of Patrick Gundlach as Chief Accounting Officer and Treasurer. Gundlach has been with the company since 2018 and previously served as Director of Financial Reporting. In related personnel movements, Crystal Plum, former CFO of Wheeler Real Estate Investment Trust, has been named Chief Financial Officer at Drucker + Falk. These developments reflect ongoing adjustments within the company as it navigates changes in its leadership and financial strategies.

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