Oasis Management Co Ltd., together with entities connected to it, disclosed the sale of common stock in Stratus Properties Inc. (NASDAQ: STRS) totaling 48,806 shares in mid-April 2026. According to the Securities and Exchange Commission filing, the disposals occurred across multiple transactions between April 17 and April 20, 2026, at prices ranging from $29.9043 to $30.0277 per share. The aggregate value of the stock sold is approximately $1.46 million.
The filing identifies the reporting parties as Oasis Management Co Ltd., Oasis Investments II Master Fund Ltd., and Seth Fischer. The securities were held indirectly by Oasis Investments II Master Fund Ltd., which is described as a Cayman Islands exempted company, and Oasis Management Company Ltd. serves as the fund's investment manager. The filing states that Seth Fischer is responsible for the supervision and conduct of all investment activities of the Investment Manager.
Transaction details on April 17, 2026, list three separate 10,000-share blocks sold at $30.0036, $30.0277 and $30.0002 per share respectively, and an additional block of 14,323 shares sold at $29.9043. On April 20, 2026, a further 4,483 shares were sold at $30.0246 per share. These individual sale prices fall within the reported price band of $29.9043 to $30.0277.
Following these sales, the reporting entities together report holding 1,027,258 shares of Stratus Properties common stock. The filing includes the standard disclosure that the reporting persons disclaim beneficial ownership of the securities reported herein except to the extent of their pecuniary interest.
The timing of these insider sales is notable in the context of the stock's recent performance and valuation commentary. The share price has appreciated roughly 74% over the last year, and InvestingPro analysis referenced in the filing indicates the shares are currently trading above their Fair Value estimate. The filing or associated notes also highlight that company management has been an active buyer of the company's own shares, creating a contrast between executive-led buybacks and this round of insider selling - a detail flagged as one of several tips available to subscribers of InvestingPro.
Context and balance
The disclosure provides a clear accounting of the sales and the parties involved, while leaving valuation and strategic implications to market participants and third-party analysis. The document identifies both the precise sale amounts and the remaining shareholding of the reporting entities, but does not attach commentary from the sellers or the company about the rationale for the disposals.