Oasis Management Co Ltd. 4

What Happened
Oasis Management Co. Ltd., reported as a 10% owner (acting as investment manager for Oasis Investments II Master Fund Ltd.), sold a total of 58,720 shares of Stratus Properties, Inc. (STRS) in open-market transactions on July 7–8, 2026. The trades were: 10,000 shares @ $27.52 ($275,171), 20,000 shares @ $27.50 ($550,000), 8,720 shares @ $27.50 ($239,810), and 20,000 shares @ $27.51 ($550,226), for an aggregate proceeds of roughly $1.62 million. These were sales (not purchases or option exercises), which are often routine portfolio activity for institutional holders.

Key Details

• Transaction dates and prices:
  • 2026-07-07: 10,000 shares @ $27.52 ($275,171) — Sale
  • 2026-07-07: 20,000 shares @ $27.50 ($550,000) — Sale
  • 2026-07-08: 8,720 shares @ $27.50 ($239,810) — Sale
  • 2026-07-08: 20,000 shares @ $27.51 ($550,226) — Sale
• Total sold: 58,720 shares for about $1,615,207 (≈ $1.62M).
• Shares owned after the transactions: not specified in the provided filing details.
• Filing timeliness: the Form 4 was filed July 9, 2026 for trades dated July 7–8; this appears to be a timely filing (Form 4 is generally due within two business days).
• Notable footnotes:
  • F1 clarifies 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 activities.
  • F2 states the reporting persons disclaim beneficial ownership except to the extent of any pecuniary interest.

Context
These sales were executed by an institutional 10% owner via its investment manager, not an individual company executive. Institutional selling can reflect portfolio rebalancing or liquidity needs and does not necessarily indicate negative insider sentiment about Stratus. The filing contains standard disclaimers about beneficial ownership and indicates the trades were made on behalf of the Oasis II fund.