Magnetar Financial LLC 4
4 · Wheeler Real Estate Investment Trust, Inc. · Filed Mar 31, 2026
Research Summary
AI-generated summary of this filing
Wheeler REIT (WHLR) 10% Owner Magnetar Financial Sells Shares
What Happened
Magnetar Financial LLC, disclosed as a 10% owner of Wheeler Real Estate Investment Trust, sold a total of 18,166 shares of WHLR in open-market transactions between March 27 and March 31, 2026. The sales were: 3,685 shares on 2026-03-27 at a weighted avg. $1.04 ($3,823), 2,103 shares on 2026-03-30 at a weighted avg. $0.97 ($2,045), and 12,378 shares on 2026-03-31 at a weighted avg. $0.93 ($11,516). Total reported proceeds were approximately $17,384. These were sales (dispositions), not purchases.
Key Details
- Transaction dates and reported weighted-average prices:
- 2026-03-27 — 3,685 shares @ $1.04 (≈ $3,823)
- 2026-03-30 — 2,103 shares @ $0.97 (≈ $2,045)
- 2026-03-31 — 12,378 shares @ $0.93 (≈ $11,516)
- Total shares sold: 18,166; total proceeds: ≈ $17,384.
- Shares owned after the transactions: not specified in the provided filing excerpt.
- Footnotes of note:
- F1–F3: Magnetar Financial acts as investment manager/general partner for several Magnetar-managed vehicles that hold the shares; Magnetar Capital Partners and related entities are disclosed; the parties disclaim beneficial ownership except for pecuniary interests.
- F4–F6: Reported prices are weighted averages; sales occurred in multiple transactions across price ranges (specified per footnote).
- Filing: Report filed 2026-03-31, covering trades through 2026-03-31; appears timely based on provided dates.
Context
These transactions were made by an institutional 10% holder (Magnetar-managed vehicles), not an individual company executive. Institutional sales can reflect portfolio rebalancing or liquidity needs and are not by themselves a clear signal of company prospects. The filing’s footnotes clarify managerial relationships and price ranges; no option exercises, awards, or 10b5-1 plans were indicated in the provided excerpt.
Insider Transaction Report
- Sale
Common Stock
[F4][F1][F2][F3]2026-03-27$1.04/sh−3,685$3,823→ 159,550 total(indirect: See Footnotes) - Sale
Common Stock
[F5][F1][F2][F3]2026-03-30$0.97/sh−2,103$2,045→ 157,447 total(indirect: See Footnotes) - Sale
Common Stock
[F6][F1][F2][F3]2026-03-31$0.93/sh−12,378$11,516→ 145,069 total(indirect: See Footnotes)
Footnotes (6)
- [F1]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.
- [F2]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.
- [F3]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.
- [F4]The price reported in Column 4 is a weighted average price. These securities were sold in multiple transactions at prices ranging from $1.02 to $1.05, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F5]The price reported in Column 4 is a weighted average price. These securities were sold in multiple transactions at prices ranging from $0.94 to $1.05, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F6]The price reported in Column 4 is a weighted average price. These securities were sold in multiple transactions at prices ranging from $0.93 to $0.94, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.