# EDGAR Filing Document

**Accession Number:** 0000885508
**File Stem:** 0000902664-26-002071
**Filing Date:** 2026-4
**Character Count:** 13582
**Document Hash:** c14ea6de3d47640f0b21550561a453e6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000902664-26-002071.hdr.sgml**: 20260420

**ACCESSION NUMBER**: 0000902664-26-002071

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D/A

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20260420

**DATE AS OF CHANGE**: 20260420

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** STRATUS PROPERTIES INC
- **CENTRAL INDEX KEY:** 0000885508
- **STANDARD INDUSTRIAL CLASSIFICATION:** LAND SUBDIVIDERS & DEVELOPERS (NO CEMETERIES) [6552]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 721211572
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-42652
- **FILM NUMBER:** 26875761

**BUSINESS ADDRESS:**
- **STREET 1:** 212 LAVACA STREET
- **STREET 2:** SUITE 300
- **CITY:** AUSTIN
- **STATE:** TX
- **ZIP:** 78701
- **BUSINESS PHONE:** 5124785788

**MAIL ADDRESS:**
- **STREET 1:** 212 LAVACA STREET
- **STREET 2:** SUITE 300
- **CITY:** AUSTIN
- **STATE:** TX
- **ZIP:** 78701

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FM PROPERTIES INC
- **DATE OF NAME CHANGE:** 19930328
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Oasis Management Co Ltd.
- **CENTRAL INDEX KEY:** 0001317904

**ORGANIZATION NAME:**
- **EIN:** 753025599
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A

**BUSINESS ADDRESS:**
- **STREET 1:** 4TH FLOOR ANDERSON SQUARE,
- **STREET 2:** 64 SHEDDEN ROAD, P.O. BOX 10324
- **CITY:** GRAND CAYMAN
- **STATE:** E9
- **ZIP:** KY-1103
- **BUSINESS PHONE:** 852-2847-7798

**MAIL ADDRESS:**
- **STREET 1:** 4TH FLOOR ANDERSON SQUARE,
- **STREET 2:** 64 SHEDDEN ROAD, P.O. BOX 10324
- **CITY:** GRAND CAYMAN
- **STATE:** E9
- **ZIP:** KY-1103

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DKR OASIS MANAGEMENT COMPANY, L.P.
- **DATE OF NAME CHANGE:** 20090223

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DKR OASIS MANAGEMENT CO L.P.
- **DATE OF NAME CHANGE:** 20050215

## Ex-99

**SCHEDULE B**

This Schedule sets forth information with respect to each purchase and sale of Shares which were effectuated by a Reporting Person within the past sixty days. All transactions were effectuated in the open market through a broker, except where otherwise noted.

OASIS INVESTMENTS II MASTER FUND LTD.

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**<u>Trade Date</u>** | &nbsp;&nbsp;**<u>Shares Purchased (Sold)</u>** | &nbsp;&nbsp;**<u>Price ($)\*</u>** |
| &nbsp;&nbsp;04/02/2026 | &nbsp;&nbsp;(5417) | &nbsp;&nbsp;30.11 |
| &nbsp;&nbsp;04/07/2026 | &nbsp;&nbsp;(9400) | &nbsp;&nbsp;30.17 |
| &nbsp;&nbsp;04/08/2026 | &nbsp;&nbsp;(3148) | &nbsp;&nbsp;30.08 |
| &nbsp;&nbsp;04/15/2026 | &nbsp;&nbsp;(10000) | &nbsp;&nbsp;30.29 |
| &nbsp;&nbsp;04/15/2026 | &nbsp;&nbsp;(243) | &nbsp;&nbsp;30.70 |
| &nbsp;&nbsp;04/16/2026 | &nbsp;&nbsp;(10000) | &nbsp;&nbsp;30.22 |
| &nbsp;&nbsp;04/16/2026 | &nbsp;&nbsp;(10000) | &nbsp;&nbsp;30.02 |
| &nbsp;&nbsp;04/16/2026 | &nbsp;&nbsp;(5600) | &nbsp;&nbsp;29.95 |
| &nbsp;&nbsp;04/16/2026 | &nbsp;&nbsp;(4188) | &nbsp;&nbsp;30.00 |
| &nbsp;&nbsp;04/17/2026 | &nbsp;&nbsp;(10000) | &nbsp;&nbsp;30.00 |
| &nbsp;&nbsp;04/17/2026 | &nbsp;&nbsp;(10000) | &nbsp;&nbsp;30.03 |
| &nbsp;&nbsp;04/17/2026 | &nbsp;&nbsp;(10000) | &nbsp;&nbsp;30.00 |
| &nbsp;&nbsp;04/17/2026 | &nbsp;&nbsp;(14323) | &nbsp;&nbsp;29.90 |
| &nbsp;&nbsp;04/20/2026 | &nbsp;&nbsp;(4483) | &nbsp;&nbsp;30.02 |

---

\* Excluding commissions, SEC fees, etc. (rounded to nearest cents).

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

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**(Amendment No. 6)**

**Stratus Properties Inc**

*(Name of Issuer)*

**Common stock, $0.01 par value**

*(Title of Class of Securities)*

**—**

*(CUSIP Number)*

**Oasis Management Company Ltd.**<br>c/o Oasis Management (Hong Kong)<br>25/F, LHT Tower, 31 Queen's Road Central<br>Central K3 00000<br>(852) 2847-7708

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**04/16/2026**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Oasis Management Company Ltd.** | Name of reporting person<br>**Oasis Management Company Ltd.** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**AF** | Source of funds (See Instructions)<br>**AF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**CAYMAN ISLANDS** | Citizenship or place of organization<br>**CAYMAN ISLANDS** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**1027258.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**1027258.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**1027258.00** | Aggregate amount beneficially owned by each reporting person<br>**1027258.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**12.9%** | Percent of class represented by amount in Row (11)<br>**12.9%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Oasis Investments II Master Fund Ltd.** | Name of reporting person<br>**Oasis Investments II Master Fund Ltd.** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**WC** | Source of funds (See Instructions)<br>**WC** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**CAYMAN ISLANDS** | Citizenship or place of organization<br>**CAYMAN ISLANDS** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**1027258.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**1027258.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**1027258.00** | Aggregate amount beneficially owned by each reporting person<br>**1027258.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**12.9%** | Percent of class represented by amount in Row (11)<br>**12.9%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Seth Fischer** | Name of reporting person<br>**Seth Fischer** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**AF** | Source of funds (See Instructions)<br>**AF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**2M** | Citizenship or place of organization<br>**2M** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**1027258.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**1027258.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**1027258.00** | Aggregate amount beneficially owned by each reporting person<br>**1027258.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**12.9%** | Percent of class represented by amount in Row (11)<br>**12.9%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Common stock, $0.01 par value

**(b) Name of Issuer:**
Stratus Properties Inc

**(c) Address of Issuer's Principal Executive Offices:**
212 Lavaca Street, Suite 300, Austin, TX, 78701

This Amendment No. 6 ("Amendment No. 6") amends and supplements the statement on Schedule 13D filed with the Securities and Exchange Commission (the "SEC") on September 12, 2016 (the "Original Schedule 13D") as amended by Amendment No. 1 to the Schedule 13D filed with the SEC on January 13, 2017 ("Amendment No. 1"), Amendment No. 2 to the Schedule 13D filed with the SEC on September 23, 2020 ("Amendment No. 2"), Amendment No. 3 to the Schedule 13D filed with the SEC on January 5, 2021 ("Amendment No. 3"), Amendment No. 4 to the Schedule 13D filed with the SEC on April 6, 2023 ("Amendment No. 4") and Amendment No. 5 to the Schedule 13D filed with the SEC on February 20, 2024 ("Amendment No. 5", and together with the Original Schedule 13D, Amendment No. 2, Amendment No. 3, Amendment No. 4, Amendment No. 5 and this Amendment No. 6, the "Schedule 13D"), with respect to the shares ("Shares") of common stock, par value $0.01 per share, of Stratus Properties Inc., a Delaware corporation (the "Issuer").  This Amendment No. 6 amends and restates Items 5(a) - (c) as set forth below.  Capitalized terms used herein and not otherwise defined in this Amendment No. 6 have the meanings set forth in the Schedule 13D.

**Item 5. Interest in Securities of the Issuer**

**(a)**
See rows (11) and (13) of the cover pages to this Schedule 13D for the aggregate number of Shares and percentage of the Shares beneficially owned by each of the Reporting Persons. The percentages used in this Schedule 13D are calculated based upon 7,982,525 Shares reported to be outstanding as of March 20, 2026 in the Issuer's Annual Report on Form 10-K for the fiscal year ended December 31, 2025 filed with the SEC on March 27, 2026.

**(b)**
See rows (7) through (10) of the cover pages to this Schedule 13D for the number of Shares as to which each of the Reporting Persons has the sole power to vote or direct the vote and sole power to dispose or to direct the disposition.

**(c)**
The transactions in the Shares by Oasis II Fund within the past sixty days, which were all in the open market, except where otherwise noted, are set forth in Schedule B, and are incorporated herein by reference. The other Reporting Persons did not enter into any transactions in the Shares within the past sixty days.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Oasis Management Company Ltd.

**Signature:** /s/ Phillip Meyer

**Name/Title:** Phillip Meyer, General Counsel

**Date:** 04/20/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Oasis Investments II Master Fund Ltd.

**Signature:** /s/ Phillip Meyer

**Name/Title:** Phillip Meyer, Director

**Date:** 04/20/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Seth Fischer

**Signature:** /s/ Seth Fischer

**Name/Title:** Seth Fischer

**Date:** 04/20/2026