Oasis Management Co Ltd. 4

What Happened
Oasis Management Co. Ltd., the investment manager for Oasis Investments II Master Fund Ltd. (reported 10% owner), sold a total of 24,916 shares of Stratus Properties (STRS) in late April 2026. Transactions reported: 10,000 shares on 2026-04-27 at $30.00 (proceeds $300,049), another 10,000 shares on 2026-04-27 at $30.00 (proceeds $300,026), and 4,916 shares on 2026-04-28 at $30.03 (proceeds $147,649). Total proceeds were approximately $747,724. These were outright sales (not purchases or option exercises).

Key Details

• Transaction dates/prices/proceeds:
  • 2026-04-27: 10,000 shares @ $30.00 — $300,049 (sale)
  • 2026-04-27: 10,000 shares @ $30.00 — $300,026 (sale)
  • 2026-04-28: 4,916 shares @ $30.03 — $147,649 (sale)
• Transaction type: S (sale) — open market or private sale per filing.
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes:
  • F1: Securities are held by Oasis Investments II Master Fund Ltd.; Oasis Management is the fund's investment manager and Seth Fischer supervises investment decisions.
  • F2: Reporting persons disclaim beneficial ownership except to the extent of any pecuniary interest.
• Filing timeliness: Report filed 2026-04-29 covering trades through 2026-04-28; the filing does not indicate a late report (no “L” code provided).

Context
This filing reports institutional sales by a 10% holder’s investment manager rather than an executive's personal trades. Such institutional sales can be routine portfolio management and do not necessarily signal a change in company fundamentals. For retail investors, purchases by insiders often carry clearer sentiment signals than routine sales; avoid drawing strong conclusions from this single filing alone.