Oasis Management Co Ltd. 4

What Happened

• Oasis Management Co Ltd., reported as a 10% owner (investment manager for Oasis Investments II Master Fund Ltd.), sold 10,000 shares of Stratus Properties, Inc. (STRS) in an open-market/private disposition on May 4, 2026. The shares were sold at $29.71 per share for a total proceeds of $297,052.
• This was a sale (disposition) by an institutional 10% owner rather than an executive insiders’ personal purchase — such sales are often portfolio or fund-related and not necessarily a signal about company fundamentals.

Key Details

• Transaction date and price: May 4, 2026 — 10,000 shares at $29.71 each.
• Total value: $297,052.
• Filing date: May 6, 2026 (two days after the trade, which appears timely under the typical two-business-day reporting window).
• Shares owned after transaction: Not reported in this Form 4.
• Footnotes: Securities are held directly by Oasis Investments II Master Fund Ltd.; Oasis Management Company Ltd. is the fund’s investment manager and Seth Fischer supervises the fund’s investment activities. The reporting persons disclaim beneficial ownership except to the extent of any pecuniary interest.

Context

• Sales by 10% owners typically reflect institutional portfolio management (rebalancing, redemptions, etc.) rather than personal insider sentiment; they should be interpreted differently than insider purchases.
• No options, gifts, or tax-withholding events were reported in this filing.