Magnetar Financial LLC 4
4 · Wheeler Real Estate Investment Trust, Inc. · Filed Apr 6, 2026
Research Summary
AI-generated summary of this filing
Wheeler REIT (WHLR) 10% Owner Magnetar Financial Sells Shares
What Happened
Magnetar Financial LLC, reported as a 10% owner and investment manager for several Magnetar vehicles, sold a total of 23,088 shares of Wheeler Real Estate Investment Trust, Inc. (WHLR) in three dispositions. The transactions were: 3,332 shares on 2026-04-01 at a weighted average $0.95 ($3,154); 13,253 shares on 2026-04-02 at a weighted average $0.93 ($12,301); and 6,503 shares on 2026-04-06 at a weighted average $0.92 (~$6,005). Total proceeds across the three sales were about $21,460. These were sales (not purchases), which are often routine for institutional holders.
Key Details
- Transaction dates and reported weighted-average prices:
- 2026-04-01 — 3,332 sh @ $0.95 (range reported 0.94–0.95; see footnote F4) — ~$3,154
- 2026-04-02 — 13,253 sh @ $0.93 (range reported 0.92–0.93; see F5) — ~$12,301
- 2026-04-06 — 6,503 sh @ $0.92 (range reported 0.92–0.94; see F6) — ~$6,005
- Total shares sold: 23,088; total proceeds: ≈ $21,460.
- Shares owned after transaction: not specified in the information provided.
- Notable footnotes:
- F1–F3 describe Magnetar Financial’s role as manager/investment manager for several entities (the “Magnetar Vehicles”), and that the various entities and individuals disclaim beneficial ownership except for pecuniary interest.
- F4–F6 explain the prices reported are weighted averages and give the price ranges for the multiple trades; full price-by-trade breakdowns are available upon request.
- Filing timeliness: Form 4 was filed 2026-04-06. Under the SEC’s two-business-day rule, these disclosures appear to have been filed timely.
Context
This is institutional selling by a reported 10% owner and manager of multiple funds, not an individual executive. Sales of this modest dollar amount (~$21.5K) are generally routine and do not, by themselves, indicate management sentiment. Purchases are often more informative for retail investors; no purchases or option exercises are reported in this filing.
Insider Transaction Report
- Sale
Common Stock
[F4][F1][F2][F3]2026-04-01$0.95/sh−3,332$3,154→ 141,737 total(indirect: See Footnotes) - Sale
Common Stock
[F5][F1][F2][F3]2026-04-02$0.93/sh−13,253$12,301→ 128,484 total(indirect: See Footnotes) - Sale
Common Stock
[F6][F1][F2][F3]2026-04-06$0.92/sh−6,503$6,005→ 121,981 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 $0.94 - $0.95, 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 $0.92 - $0.93, 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 $0.92 - $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.