Campbell Kerry G. 4
4 · Wheeler Real Estate Investment Trust, Inc. · Filed Mar 11, 2026
Research Summary
AI-generated summary of this filing
WHLR Director Kerry G. Campbell Sells 168 Shares
What Happened
Kerry G. Campbell, a director of Wheeler Real Estate Investment Trust, Inc. (WHLR), disposed of 168 shares at $37.50 each on March 10, 2026, for total proceeds of $6,300. The filing labels the transaction as “Derivative” and the sale is reported as an open market or private sale (code S). Sales are often routine and generally less informative about insider sentiment than purchases.
Key Details
- Transaction date: 2026-03-10; Price: $37.50 per share; Total value: $6,300.
- Filing date: 2026-03-11 (filed within the standard Form 4 reporting window).
- Shares owned after transaction: not specified in the provided filing data.
- Footnotes in the filing:
- F1: Series D Preferred Stock converts into 0.00000005 common shares per preferred share (implying a very high implied conversion price).
- F2: 7.00% Subordinated Convertible Notes due 2031 convert at $1.03667 per share (24.115672 common shares per $25 principal).
- F3: Interest on the Notes may be paid in cash or in preferred shares; the reported common-share equivalents are based on the outstanding principal of the Notes held.
- No 10b5-1 plan, tax-withholding sale, or gift notation is disclosed in the provided summary.
Context
Because the transaction is labeled “Derivative,” the filing associates the reported share amount with convertible securities (preferred stock and convertible notes) that convert into common stock at the rates shown in the footnotes. The entry does not provide additional information on whether shares sold were recently converted, or whether the sale reflects routine portfolio management.
Insider Transaction Report
- Sale
Series D Cumulative Convertible Preferred Stock
[F1]2026-03-10$37.50/sh−168$6,300→ 0 totalExercise: $512870400.00→ Common Stock (0 underlying)
7.00% Subordinated Convertible Notes due 2031
[F2][F3]Exercise: $1.04Exp: 2031-12-31→ Common Stock (96,462 underlying)
Footnotes (3)
- [F1]Each share of the Issuer's Series D Cumulative Convertible Preferred Stock ("Series D Preferred Stock") is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.00000005 shares of the Issuer's common stock (a conversion price of $512,870,400 per share of common stock). Series D Preferred Stock has no expiration date.
- [F2]The Issuer's 7.00% Subordinated Convertible Notes due 2031 (the "Notes") are convertible, in whole or in part, at any time, at the option of the holders thereof, into shares of the Issuer's common stock at a conversion price of $1.03667 per share (24.115672 common shares for each $25.00 of principal amount of the Notes being converted).
- [F3]Interest on the Notes may be payable, at the Issuer's election, in cash, in shares of the Issuer's Series B Convertible Preferred Stock or in shares of Series D Preferred Stock, in each case as set forth in the Notes. The number of shares of the Issuer's common stock indicated in the Table is based on the outstanding principal amount of the Notes held by the Reporting Person.