Statement of Changes in Beneficial Ownership (4)

FORM 4

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

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

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

1. Name and Address of Reporting Person * Steamboat Capital Partners, LLC	2. Issuer Name and Ticker or Trading Symbol Wheeler Real Estate Investment Trust, Inc. [ WHLR ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director                    __X__ 10% Owner _____ Officer (give title below)    _____ Other (specify below)
(Last)          (First)          (Middle) 31 OLD WAGON ROAD	3. Date of Earliest Transaction (MM/DD/YYYY) 11/18/2021
(Street) OLD GREENWICH,, CT 06870 (City)        (State)        (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY)	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. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. 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)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. 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		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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Series B Convertible Preferred Stock	$40	11/18/2021		S			536	(1)	(1)	Common Stock, $0.01 par value	335	$8.2519 (2)	36329 (3)	I	See footnote (3)(14)
Series B Convertible Preferred Stock	$40	11/19/2021		S			589	(1)	(1)	Common Stock, $0.01 par value	368	$8.25	35740 (4)	I	See footnote (4)(14)
Series B Convertible Preferred Stock	$40							(1)	(1)	Common Stock, $0.01 par value	0		185230 (5)	I	See footnote (5)(14)
Series B Convertible Preferred Stock	$40							(1)	(1)	Common Stock, $0.01 par value	0		2568 (6)	I	See footnote (6)(14)
Series D Cumulative Convertible Preferred Stock	$16.96	11/18/2021		S			819	(7)	(7)	Common Stock, $0.01 par value	1207	$16.3001 (8)	89647 (9)	I	See footnote (9)(14)
Series D Cumulative Convertible Preferred Stock	$16.96	11/19/2021		S			901	(7)	(7)	Common Stock, $0.01 par value	1328	$16.0511 (10)	88746 (11)	I	See footnote (11)(14)
Series D Cumulative Convertible Preferred Stock	$16.96							(7)	(7)	Common Stock, $0.01 par value	0		328828 (12)	I	See footnote (12)(14)
Series D Cumulative Convertible Preferred Stock	$16.96							(7)	(7)	Common Stock, $0.01 par value	0		4319 (13)	I	See footnote (13)(14)

Explanation of Responses:
(1)	Convertible at any time with no expiration date, but subject to mandatory conversion if the 20 trading day volume-weighted average closing price of the Common Stock, $0.01 par value, exceeds $58.
(2)	This is the average price. The prices at which shares were actually sold range from $8.25 to $8.26. The reporting persons hereby undertake to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
(3)	The transaction was effected for certain accounts managed by Steamboat Capital Partners, LLC (IA), which after such transaction, own 36,329 shares of Series B Convertible Preferred Stock (Series B).
(4)	The transaction was effected for certain accounts managed by Steamboat Capital Partners, LLC (IA), which after such transaction, own 35,740 shares of Series B Convertible Preferred Stock (Series B).
(5)	Ownership of Steamboat Capital Partners Master Fund, LP (Master) which has delegated investment discretion to Steamboat Capital Partners, LLC (IA), and which continues to own 185,230 shares of Series B.
(6)	Ownership of Steamboat Capital Partners II, LP (II) which continues to own 2568 shares of Series B.
(7)	Convertible at any time, with no expiration date.
(8)	This is the average price. The prices at which shares were actually sold range from $16.30 to $16.31. The reporting persons hereby undertake to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
(9)	The transaction was effected for certain accounts managed by Steamboat Capital Partners, LLC (IA), which after such transaction, own 89,647 shares of Series D Cumulative Convertible Preferred Stock (Series D).
(10)	This is the average price. The prices at which shares were actually sold range from $16.05 to $16.06. The reporting persons hereby undertake to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
(11)	The transaction was effected for certain accounts managed by Steamboat Capital Partners, LLC (IA), which after such transaction, own 88,746 shares of Series D Cumulative Convertible Preferred Stock (Series D).
(12)	Ownership of Steamboat Capital Partners Master Fund, LP (Master) which has delegated investment discretion to Steamboat Capital Partners, LLC (IA), and which continues to own 328,828 shares of Series D Cumulative Convertible Preferred Stock (Series D).
(13)	Ownership of Steamboat Capital Partners II, LP (II) which continues to own 4319 shares of Series D Cumulative Convertible Preferred Stock (Series D).
(14)	Steamboat Capital Partners GP, LLC (GP) is general partner of, and entitled to receive a performance allocation from, each of Master and II. IA is entitled to receive a performance fee from the managed accounts referred to in footnotes 3,4, 9 and 11 (the "MA"). Parsa Kiai ("Kiai") is the Managing Member of GP and IA. Accordingly, Kiai may be deemed to have a pecuniary interest in the shares owned by Master and II and IA and Kiai may be deemed to have a pecuniary interest in the shares owned by the MA. Kiai and IA are filers of this report, filing jointly but not as a group and each disclaims beneficial ownership of securities reported hereon except to the extent of its or his pecuniary interest therein.

Remarks: The ticker symbol referenced in item 2 is the symbol for the Common Stock. The symbols for the securities in which transactions actually occurred are WHLRD and WHLRP.

Reporting Owners
Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Steamboat Capital Partners, LLC 31 OLD WAGON ROAD OLD GREENWICH,, CT 06870		X
Kiai Parsa 31 OLD WAGON ROAD OLD GREENWICH, CT 06870		X

Signatures
Steamboat Capital Partners, LLC, /s/ Jeffrey M. Rose, COO/CFO		11/22/2021
**Signature of Reporting Person		Date
Parsa Kiai by /s/Jeffrey M. Rose, as Attorney-in-fact		11/22/2021
**Signature of Reporting Person		Date