Magnetar Financial LLC 4
4 · Wheeler Real Estate Investment Trust, Inc. · Filed Apr 14, 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 through multiple affiliated investment vehicles — sold a total of 93,500 shares of Wheeler Real Estate Investment Trust, Inc. (WHLR) in open‑market/private sales between April 10 and April 14, 2026. The sales break down as: 1,413 shares at a weighted avg ~$0.83 ($1,178) on Apr 10; 87,177 shares at a weighted avg ~$0.86 ($74,615) on Apr 13; and 4,910 shares at a weighted avg ~$0.77 ($3,760) on Apr 14. Total proceeds reported are roughly $79,553. These were disposals (sales), not purchases.
Key Details
- Transaction dates and reported weighted average prices:
- Apr 10, 2026 — 1,413 shares @ $0.83 (weighted avg) — $1,178 (F4 notes range $0.83–$0.85)
- Apr 13, 2026 — 87,177 shares @ $0.86 (weighted avg) — $74,615 (F5 notes range $0.83–$1.02)
- Apr 14, 2026 — 4,910 shares @ $0.77 (weighted avg) — $3,760 (F6 notes range $0.75–$0.78)
- Total sold: 93,500 shares for ~ $79,553.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Notable footnotes:
- F1–F3: Magnetar Financial acts as investment manager/general partner/manager for several Magnetar vehicles that hold the shares; organizational parents and an individual (David J. Snyderman) are disclosed; the entities disclaim beneficial ownership except for pecuniary interest.
- F4–F6: Prices are weighted averages; sales occurred in multiple transactions within the stated price ranges and the reporting persons will provide per‑price breakdowns on request.
- Filing timeliness: Filing date Apr 14, 2026; no late‑filing flag was provided in the supplied data.
Context
- This was institutional selling by a 10% owner (investment manager and affiliated vehicles), not an individual executive—such trades reflect portfolio-level actions rather than a CEO/CFO decision. Sales generally provide less direct bullish signal than purchases.
- Transactions were open‑market/private sales (code S) — no option exercises, awards, or gifts involved.
Insider Transaction Report
Form 4
Magnetar Financial LLC
10% Owner
Transactions
- Sale
Common Stock
[F4][F1][F2][F3]2026-04-10$0.83/sh−1,413$1,178→ 95,214 total(indirect: See Footnotes) - Sale
Common Stock
[F5][F1][F2][F3]2026-04-13$0.86/sh−87,177$74,615→ 8,037 total(indirect: See Footnotes) - Sale
Common Stock
[F6][F1][F2][F3]2026-04-14$0.77/sh−4,910$3,760→ 3,127 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 $0.83 - $0.85, 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 $0.83 - $1.02, 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 $0.75 - $0.78, 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.