CBL officer plans stock sales from equity awards

CBL & ASSOCIATES PROPERTIES INC (CBL) received a notice that officer Joseph Khalili intends to sell shares of its common stock under Rule 144.

Rhea-AI Filing Summary

CBL & ASSOCIATES PROPERTIES INC (CBL) received a notice that officer Joseph Khalili intends to sell shares of its common stock under Rule 144. The shares relate to multiple equity awards granted under the company’s registered 2021 Equity Incentive Plan, each with specified acquisition and vesting dates.

The planned sales cover 944 shares from a restricted stock award granted December 15, 2021 that vested December 15, 2023; 1,891 shares from an award granted December 15, 2021 that vests December 15, 2024; 623 shares from an award granted February 7, 2024 that vests February 7, 2025; 2,723 shares from performance stock units granted February 16, 2022 that vest December 31, 2024; and 582 shares from restricted stock granted February 15, 2023 that vests February 15, 2025.

Key Figures

Shares from 12/15/2021 award (vested 12/15/2023): 944 shares Shares from 12/15/2021 award (vesting 12/15/2024): 1,891 shares Performance stock units award: 2,723 shares +2 more

5 metrics

Shares from 12/15/2021 award (vested 12/15/2023) 944 shares Restricted stock acquired December 15, 2021; vesting December 15, 2023

Shares from 12/15/2021 award (vesting 12/15/2024) 1,891 shares Restricted stock acquired December 15, 2021; vesting December 15, 2024

Performance stock units award 2,723 shares Acquired February 16, 2022; vesting December 31, 2024

Shares from 02/15/2023 restricted stock 582 shares Acquired February 15, 2023; vesting February 15, 2025

Shares from 02/07/2024 restricted stock 623 shares Acquired February 7, 2024; vesting February 7, 2025

Key Terms

Rule 144, restricted stock, performance stock units, 2021 Equity Incentive Plan

4 terms

Rule 144 regulatory

"See the definition of "person" in paragraph (a) of Rule 144."

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

restricted stock financial

"shares were acquired on the date indicated through an equity award of restricted stock"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

performance stock units financial

"shares were acquired through an equity award of performance stock units on the date indicated"

Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.

2021 Equity Incentive Plan financial

"under the Issuer's registered 2021 Equity Incentive Plan."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the Form 144 filing for CBL indicate about planned stock sales?

It indicates that officer Joseph Khalili has given notice of an intent to sell shares of CBL common stock under Rule 144, with the shares tied to previously granted equity awards under the company’s 2021 Equity Incentive Plan.

How many CBL shares from the December 15, 2021 awards are covered in this Form 144?

The filing covers 944 shares from one restricted stock award granted December 15, 2021 that vested December 15, 2023, and 1,891 shares from another award granted the same date that vests December 15, 2024.

Which more recent CBL equity awards for Joseph Khalili are included in the planned sales?

Included are 623 shares from restricted stock granted February 7, 2024 vesting February 7, 2025, and 582 shares from restricted stock granted February 15, 2023 vesting February 15, 2025, all under the 2021 Equity Incentive Plan.

Are performance stock units for CBL included in this Form 144 notice?

Yes. The notice includes 2,723 shares of CBL common stock acquired through an equity award of performance stock units granted February 16, 2022, scheduled to vest on December 31, 2024.

When was the CBL Form 144 for Joseph Khalili signed?

The Form 144 notice was signed by /s/ Joseph Khalili on September 22, 2026, as shown in the signature section that also contains the standard federal criminal violations warning for misstatements or omissions.

Through which broker is the CBL common stock associated in the Form 144?

The securities information section lists Charles Schwab Corporation, 3000 Schwab Way, Westlake, TX in connection with the CBL common stock that is the subject of the Rule 144 notice.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/22/2026 - 09:32 AM Accepted by SEC EDGAR 09/22/2026 - 09:31 AM Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001977476
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	CBL & ASSOCIATES PROPERTIES, INC.
SEC File Number	001-12494
Address of Issuer	2030 Hamilton Place Blvd., Suite 500 Chattanooga TENNESSEE 37421-6000
Phone	423-855-0001
Name of Person for Whose Account the Securities are To Be Sold	Khalili Joseph
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Officer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
COMMON	Charles Schwab Corporation 3000 Schwab Way Westlake TX 76262	6763	364323	30942757	09/22/2026	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
COMMON	12/15/2021	944 shares were acquired on the date indicated through an equity award of restricted stock under the Issuer's registered 2021 Equity Incentive Plan.	CBL & Associates Properties, Inc.			944	12/15/2023	Vesting of equity award under Issuer's registered 2021 Equity Incentive Plan
COMMON	12/15/2021	1,891 shares were acquired on the date indicated through an equity award of restricted stock under the Issuer's registered 2021 Equity Incentive Plan.	CBL & Associates Properties, Inc.			1891	12/15/2024	Vesting of equity award under Issuer's registered 2021 Equity Incentive Plan
COMMON	02/07/2024	623 shares were acquired on the date indicated through an equity award of restricted stock under the Issuer's registered 2021 Equity Incentive Plan.	CBL & Associates Properties, Inc.			623	02/07/2025	Vesting of equity award under Issuer's registered 2021 Equity Incentive Plan
COMMON	02/16/2022	2,723 shares were acquired through an equity award of performance stock units on the date indicated under the Issuer's registered 2021 Equity Incentive Plan.	CBL & Associates Properties, Inc.			2723	12/31/2024	Vesting of equity award under Issuer's registered 2021 Equity Incentive Plan
COMMON	02/15/2023	582 shares were acquired on the date indicated through an equity award of restricted stock under the Issuer's registered 2021 Equity Incentive Plan.	CBL & Associates Properties, Inc.			582	02/15/2025	Vesting of equity award under Issuer's registered 2021 Equity Incentive Plan

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks
Date of Notice	09/22/2026
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/ Joseph Khalili
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)