Summary by Futu AI
Howard Amster, a real estate investor and trustee of the Howard Amster 2021 Charitable Remainder Unitrust 3, has fully divested his holdings in Wheeler Real Estate Investment Trust Inc. This move comes after a series of reverse stock splits by the issuer, first a 1-for-24 split on May 17, 2024, followed by a 1-for-5 split on June 27, 2024. These splits significantly reduced Amster's ownership from 2,822,230 shares to 23,518 shares and from 243,530 shares to 2,029 shares for his trust, respectively. On September 6, 2024, Amster sold all his remaining shares at $2.88 per share, totaling $67,732 for his personal shares and $5,844 for the trust's shares. The transactions were filed with the SEC as required, with the principal executive office of Wheeler Real Estate Investment Trust Inc. located at 2529 Virginia Beach Blvd, Virginia Beach, VA 23452.