X0508 4 2025-11-10 0 0001527541 Wheeler Real Estate Investment Trust, Inc. WHLR 0001798184 Campbell Kerry G. 2529 VIRGINIA BEACH BLVD. VIRGINIA BEACH VA 23452 1 0 0 0 0 Series D Cumulative Convertible Preferred Stock 85478400 2025-11-10 4 S 0 679 35.3367 D Common Stock 0 1062 D Series D Cumulative Convertible Preferred Stock 85478400 2025-11-10 4 S 0 1062 35.687 D Common Stock 0 0 D 7.00% Senior Subordinated Convertible Notes due 2031 1.74 2031-12-31 Common Stock 57394 100000 D 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 0.0000003 shares of the Issuer's common stock (a conversion price of $85,478,400 per share of common stock). Series D Preferred Stock has no expiration date. 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 approximately $1.74 per share (approximately 14.35 common shares for each $25.00 of principal amount of the Notes being converted). 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 ("Series B 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. /s/ Kerry Campbell 2025-11-12