Ursa Fund Management Form 4 Wheeler Real Estate Investment Trust / Opportunities 14 Segregated Portfolio Investment ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Ursa Fund Management, LLC

(Last)

(First)

(Middle)

156 DIABLO ROAD

SUITE 250

(Street)

DANVILLE

94526

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Wheeler Real Estate Investment Trust, Inc. [ WHLRD ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
11/14/2024

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Series D Cumulative Preferred Stock	11/14/2024		P		1,500	A	$22.95	156,500	I	See footnote⁽¹⁾⁽²⁾
Series D Cumulative Preferred Stock	11/14/2024		P		1,931	A	$23.04	161,931	I	See footnote⁽¹⁾⁽³⁾
Series D Cumulative Preferred Stock	11/15/2024		P		3,500	A	$25.42	160,000	I	See footnote⁽¹⁾⁽²⁾
Series D Cumulative Preferred Stock	11/15/2024		P		8,069	A	$25.64	170,000	I	See footnote⁽¹⁾⁽³⁾
Series D Cumulative Preferred Stock	11/18/2024		P		2,567	A	$26.25	162,567	I	See footnote⁽¹⁾⁽²⁾
Series D Cumulative Preferred Stock	11/18/2024		P		2,674	A	$26	172,674	I	See footnote⁽¹⁾⁽³⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

1. Name and Address of Reporting Person^*

Ursa Fund Management, LLC

(Last)

(First)

(Middle)

156 DIABLO ROAD

SUITE 250

(Street)

DANVILLE

94526

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

Ursa Fund Partners LP

(Last)

(First)

(Middle)

156 DIABLO ROAD

SUITE 250

(Street)

DANVILLE

94526

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

Investment Opportunities 14 Segregated Portfolio

(Last)

(First)

(Middle)

156 DIABLO ROAD

SUITE 250

(Street)

DANVILLE

94526

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

Hahn Andrew

(Last)

(First)

(Middle)

156 DIABLO ROAD

SUITE 250

(Street)

DANVILLE

94526

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

Douglas Russell Palmer

(Last)

(First)

(Middle)

156 DIABLO ROAD

SUITE 250

(Street)

DANVILLE

94526

(City)

(State)

(Zip)

Explanation of Responses:

1. Andrew Hahn and Russell Douglas are the Managing Members of Ursa Fund Management LLC, who is the General Partner of Ursa Fund Partners LP, and the Investment Manager of Investment Opportunities 14 Segregated Portfolio (the "Funds"). The Funds acquired the shares as specified in Table I (collectively, the Funds acquired 20,241 shares and collectively own 335,241 shares following the transactions). As General Partner and Investment Manager of the Funds, Ursa Fund Management LLC, and Andrew Hahn and Russell Douglas as Managing Members of Ursa Fund Management LLC, each possess the power to vote and dispose or direct the disposition of the shares acquired by the Funds.

2. These shares are held by Ursa Fund Partners LP.

3. These shares are held by Internet Opportunities 14 Segregated Portfolio.

	Ursa Fund Partners LP By: /s/ Andrew Hahn; Andrew Hahn, Managing Member of Ursa Fund Management LLC, the General Partner of Ursa Fund Partners LP	11/25/2024
	Investment Opportunities 14 Segregated Portfolio By: /s/ Andrew Hahn; Andrew Hahn, Managing Member of Ursa Fund Management LLC, Investment Manager of Investment Opportunities 14 Segregated Portfolio	11/25/2024
	Ursa Fund Management LLC By: /s/ Andrew Hahn; Andrew Hahn, Managing Member	11/25/2024
	/s/ Andrew Hahn	11/25/2024
	/s/ Russell Douglas	11/25/2024
	** Signature of Reporting Person	Date
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Ursa Fund Management Form 4Wheeler Real Estate Investment Trust / Opportunities 14 Segregated Portfolio Investment ownership change