CBL: Canyon proposes sale of shares valued at $68.2M

Goldman Sachs & Co. LLC is identified as broker, and October 6, 2026 is the approximate sale date.

Rhea-AI Filing Summary

CBL & Associates Properties, Inc. is the issuer of 1,307,500 common shares Canyon Capital Advisors LLC reported for proposed sale through Goldman Sachs & Co. LLC. Canyon Capital acted as investment adviser to entities that held more than 20% of CBL’s common stock before the sale. The shares had an aggregate market value of $68,238,425.00, with an approximate sale date of October 6, 2026. Acquisition information lists 4,396,410 shares received as bankruptcy consideration on November 2, 2021. Jonathan M. Kaplan signed the notice.

Key Figures

Proposed common shares for sale: 1,307,500 shares Aggregate market value: $68,238,425.00 Issuer common shares outstanding: 30,942,757 shares +1 more

4 metrics

Proposed common shares for sale 1,307,500 shares Approximate sale date October 6, 2026

Aggregate market value $68,238,425.00 Value associated with the proposed sale

Issuer common shares outstanding 30,942,757 shares Figure shown in the securities information

Shares received as bankruptcy consideration 4,396,410 shares November 2, 2021

Key Terms

Rule 144, Investment Advisor, Bankruptcy Consideration

3 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.

Investment Advisor financial

"as Investment Advisor to entities which in the aggregate hold more than 20 percent"

An investment advisor is a person or firm that provides personalized guidance on buying, selling and managing investments and often oversees client portfolios for a fee. For investors this matters because the advisor shapes risk, costs and long-term returns, and is typically required by law to act in the client’s best interests — think of them as a financial coach or GPS that helps navigate choices and avoid costly detours.

Bankruptcy Consideration financial

"Received as Bankruptcy Consideration"

FAQ

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

How many CBL shares did Canyon Capital report for proposed sale?

Canyon Capital Advisors LLC reported a proposed sale of 1,307,500 CBL common shares through Goldman Sachs & Co. LLC. The shares had an aggregate market value of $68,238,425.00, and the approximate sale date was October 6, 2026.

What share amounts are listed for the Canyon funds in CBL's notice?

The notice lists 524,140 shares for Canyon Value Realization Master Fund, L.P.; 158,800 for Canyon Value Realization Fund, L.P.; 479,019 for Canyon Balanced Master Fund, Ltd.; 28,741 for Canyon ESG Master Fund, L.P.; and 116,800 for Canyon-ASP Fund, L.P.

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

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Available on EDGAR 10/06/2026 - 06:16 PM Accepted by SEC EDGAR 10/06/2026 - 06:15 PM 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	0001074034
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	1-423-855-0001
Name of Person for Whose Account the Securities are To Be Sold	Canyon Capital Advisors LLC
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	IA to Funds Owning > 20% of Stock

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 Stock	Goldman Sachs & Co. LLC 200 West Street New York NY 10282	1307500	68238425.00	30942757	10/06/2026	N/A

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 Stock	11/02/2021	Bankruptcy Restructure	Issuer in Bankruptcy			4396410	11/02/2021	N/A - Received as Bankruptcy Consideration

* 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	Name of person for whose account the securities are to be sold - Canyon Capital Advisors LLC, as Investment Advisor to entities holding securities as set forth below. Relationship to Issuer - Investment Advisor to entities which in the aggregate hold more than 20 percent of the common stock of the Issuer prior to the sale transaction. Canyon Value Realization Master Fund, L.P. - 524,140 shares. Canyon Value Realization Fund, L.P. - 158,800 shares. Canyon Balanced Master Fund, Ltd. - 479,019 shares. Canyon ESG Master Fund, L.P. - 28,741 shares. Canyon-ASP Fund, L.P. - 116,800 shares.
Date of Notice	10/06/2026
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	Jonathan M. Kaplan
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)