Oasis Management Co Ltd. 4

What Happened
Oasis Management Co. Ltd., identified as a 10% owner, sold a total of 127,612 shares of Stratus Properties Inc. (STRS) in two open-market transactions. On 2026-06-30 it sold 10,000 shares at $28.90 each for $289,000, and on 2026-07-02 it sold 117,612 shares at $28.03 each for $3,297,123 — combined proceeds of $3,586,123. These were sales (disposals), which are typically routine for institutional holders and do not by themselves indicate management sentiment about the company.

Key Details

• Transaction dates and prices:
  • 2026-06-30: 10,000 shares @ $28.90 — $289,000
  • 2026-07-02: 117,612 shares @ $28.03 — $3,297,123
• Total shares sold: 127,612; total proceeds: $3,586,123.
• Shares owned after the transactions: Not specified in the provided filing excerpt.
• Footnotes:
  • The shares are held directly by Oasis Investments II Master Fund Ltd.; Oasis Management is the fund’s investment manager and Seth Fischer supervises investment decisions (F1).
  • The reporting persons disclaim beneficial ownership except to the extent of any pecuniary interest (F2).
• Timeliness: Filing date 2026-07-02 for transactions on 6/30 and 7/02 — no late-filing indication in the provided data.

Context
This filing reports institutional sales by a 10% owner via its fund, not insider trades by company executives. Sales by large shareholders can reflect portfolio rebalancing or liquidity needs; they are generally less informative than insider purchases when assessing insider sentiment.