CBL files Form 144 to sell 1,050,000 shares

CBL filed a Form 144 notifying a proposed sale of 1,050,000 shares of Common Stock through Wells Fargo Securities, LLC, with a reported aggregate amount of $48,762,000.00 and a filing date of 05/22/2026.

Rhea-AI Filing Summary

CBL filed a Form 144 notifying a proposed sale of 1,050,000 shares of Common Stock through Wells Fargo Securities, LLC, with a reported aggregate amount of $48,762,000.00 and a filing date of 05/22/2026. The excerpt also notes 4,396,410 shares were received as bankruptcy consideration on 11/02/2021.

The notice classifies the issuer as in a bankruptcy restructure and lists the securities to be sold by an affiliate via the broker. The filing lists past sales and identifying quantities tied to the bankruptcy consideration.

Insights

Securities Attorney

Form 144 reports a proposed affiliate sale under broker-dealer distribution rules.

Form 144 is a regulatory notice required when affiliates propose to sell restricted or control securities; the excerpt shows 1,050,000 shares offered through Wells Fargo Securities with an aggregate figure of $48,762,000.00 dated 05/22/2026. This filing does not itself execute a sale but notifies the market of an intended distribution.

Timing and actual execution details are not provided in the excerpt, and the listing that 4,396,410 shares were "received as bankruptcy consideration" on 11/02/2021 is a factual provenance note. Subsequent transaction reports or broker statements would show whether and when these shares are sold.

Key Figures

Shares to be sold: 1,050,000 shares Aggregate amount shown: $48,762,000.00 Shares received as bankruptcy consideration: 4,396,410 shares +2 more

5 metrics

Shares to be sold 1,050,000 shares listed under "Securities To Be Sold"

Aggregate amount shown $48,762,000.00 reported alongside the shares to be sold, filing date <date>05/22/2026</date>

Shares received as bankruptcy consideration 4,396,410 shares received as bankruptcy consideration on <date>11/02/2021</date>

Form type Form 144 notice of proposed sale by affiliate

Filing date (excerpt) 05/22/2026 date shown next to securities and aggregate amount

Key Terms

Form 144, bankruptcy consideration, bankruptcy restructure

3 terms

Form 144 regulatory

""Filer Information" header and listing of securities to be sold"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

bankruptcy consideration financial

""Received as Bankruptcy Consideration" tied to 4,396,410 shares"

bankruptcy restructure regulatory

""Bankruptcy Restructure | Issuer in Bankruptcy" classification line"

FAQ

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

What does CBL's Form 144 filing mean?

It notifies a proposed sale of 1,050,000 shares of Common Stock via Wells Fargo Securities. The filing is a regulatory notice of intent to distribute; it does not confirm the sale was completed.

How much aggregate value is shown on the Form 144 for CBL?

The excerpt lists an aggregate amount of $48,762,000.00 associated with the proposed sale. That figure appears on the filing alongside the broker and the filing date 05/22/2026.

Were these shares acquired through bankruptcy proceedings?

Yes. The excerpt states 4,396,410 shares were "received as bankruptcy consideration" on 11/02/2021, indicating the provenance of those securities in the filing text.

Does this Form 144 indicate CBL is in bankruptcy?

The filing excerpt classifies the situation as a bankruptcy restructure and notes the issuer as "Issuer in Bankruptcy," reflecting the status language used in the excerpt.

Who is the broker listed for the proposed sale?

The broker-dealer listed in the excerpt is Wells Fargo Securities, LLC, with an address of 500 West 33rd Street, New York, NY 10001, tied to the proposed distribution.

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

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Accepted by SEC EDGAR 05/22/2026 - 09:12 PM EDT 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 > 25% 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	Wells Fargo Securities, LLC 500 West 33rd Street New York NY 10001	1050000	48762000.00	30944758	05/22/2026	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 25 percent of the common stock of the Issuer. Canyon Balanced Master Fund, Ltd. - 301,464 Shares. Canyon ESG Master Fund, L.P. - 106,309 Shares The Canyon Value Realization Master Fund, L.P. - 532,946 Shares Canyon Value Realization Fund, L.P. - 109,281 Shares
Date of Notice	05/22/2026
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	Jonathan M. Kaplan
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)