Magnetar Financial LLC 4
4 · Wheeler Real Estate Investment Trust, Inc. · Filed Apr 9, 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 for Wheeler Real Estate Investment Trust, sold a total of 25,354 common shares in open-market transactions between April 7 and April 9, 2026. The disposals were: 6,774 shares on 2026-04-07 ($0.85 avg, $5,786), 6,234 shares on 2026-04-08 ($0.86 avg, $5,331), and 12,346 shares on 2026-04-09 (~$0.83 avg, $10,221). Total proceeds across the three sales were about $21,338. These transactions are reported as sales (transaction code S).
Key Details
- Transaction dates and prices:
- 2026-04-07: 6,774 shares at weighted avg $0.85 (proceeds ~$5,786) — footnote indicates multiple prices in $0.85–$0.86 range.
- 2026-04-08: 6,234 shares at weighted avg $0.86 (proceeds ~$5,331) — footnote indicates multiple prices in $0.84–$0.88 range.
- 2026-04-09: 12,346 shares at weighted avg $0.83 (proceeds ~$10,221) — footnote indicates multiple prices in $0.82–$0.83 range.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Notable footnotes:
- Magnetar Financial acts as investment manager/general partner/manager for several Magnetar vehicles that hold the shares and exercises voting/investment power for those vehicles (F1).
- Magnetar Capital Partners LP is the parent; Supernova Management LLC and an individual (David J. Snyderman) are disclosed in the ownership chain (F2).
- Reporting persons disclaim beneficial ownership except for pecuniary interest (F3).
- Weighted-average pricing across multiple trade prices disclosed; detailed per-price breakdown available upon request (F4–F6).
- Timeliness: Form 4 was filed on 2026-04-09 covering trades from Apr 7–9, 2026 (filing appears contemporaneous with the final trade).
Context
- These were open-market sales by an institutional 10% owner (Magnetar and affiliated vehicles), not an individual executive. Institutional disposals can reflect portfolio rebalancing and do not necessarily indicate insider sentiment about company fundamentals. No options exercises, awards, or 10b5-1 plans are indicated in the provided details.
Insider Transaction Report
Form 4
Magnetar Financial LLC
10% Owner
Transactions
- Sale
Common Stock
[F4][F1][F2][F3]2026-04-07$0.85/sh−6,774$5,786→ 115,207 total(indirect: See Footnotes) - Sale
Common Stock
[F5][F1][F2][F3]2026-04-08$0.86/sh−6,234$5,331→ 108,973 total(indirect: See Footnotes) - Sale
Common Stock
[F6][F1][F2][F3]2026-04-09$0.83/sh−12,346$10,221→ 96,627 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 $0.85 - $0.86, 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 $0.84 - $0.88, 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 $0.82 - $0.83, 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.