[144] CBL & ASSOCIATES PROPERTIES INC SEC Filing

Rhea-AI Filing Summary

CBL & Associates Properties, Inc. Form 144 notice reports a proposed sale of 5,000 shares of common stock through Edward Jones (Ramsey Walsh) with an aggregate market value of $151,750. The filing shows 30,933,176 shares outstanding for the issuer and lists an approximate sale date of 09/22/2025 on the NYSE. Acquisition details identify 235 shares received on 11/01/2021 under the issuer's Chapter 11 reorganization in exchange for old common stock, and 4,765 shares acquired on 12/15/2021 via equity awards under the 2021 Equity Incentive Plan.

Positive

• Transparent disclosure of the proposed sale including broker, share count, market value, and approximate sale date
• Acquisition provenance provided: shares were acquired via Chapter 11 reorganization and equity awards under the 2021 Equity Incentive Plan
• No sales in prior three months reported for the account, per the filing

Negative

• Proposed sale of 5,000 common shares may increase available float when executed
• No trading-plan date is indicated on the form, so the filing does not confirm reliance on a Rule 10b5-1 plan

Insights

Securities Analyst

TL;DR: Routine Section 144 filing disclosing a proposed sale of 5,000 common shares; disclosure aids market transparency.

The filing is a standard Rule 144 notice identifying the broker, share quantity, aggregate market value, and the approximate sale date. It confirms the seller's holdings were acquired via a Chapter 11 reorganization exchange and equity awards, which clarifies the legal provenance of the securities. No prior sales in the past three months are reported, and the filer represents no undisclosed material adverse information. This notice is informational and does not itself change the company's financials.

Corporate Governance Expert

TL;DR: Filing demonstrates compliance with disclosure rules but provides limited governance implications.

The document shows the insider or related person followed Rule 144 by notifying the market of an intended sale and by identifying the acquisition sources of the shares. The presence of shares issued under a 2021 Equity Incentive Plan and shares received in the Chapter 11 reorganization are noted, which is useful for understanding dilution history. The filing lacks a stated trading-plan adoption date, so readers cannot confirm reliance on a Rule 10b5-1 plan from this notice alone.

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

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

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

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	Ramsey Walsh, CRPC Edward Jones 675 Emory Valley Road, Suite A Oak Ridge TN 37830	5000	151750	30933176	09/22/2025	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	11/01/2021	235 shares are new Common Stock received on 11/1/2021 under the Issuer's Chapter 11 reorganization, in exchange for old Common Stock acquired through multiple DRIP reinvestments and vesting of equity comp. awards on dates from 4/3/2012 through 3/21/2018.	CBL & Associates Properties, Inc.			235	11/01/2021	Exchange for old Common Stock under Issuer's Chapter 11 Plan.
COMMON	12/15/2021	4,765 shares were acquired on the date indicated through equity awards under the Issuer's registered 2021 Equity Incentive Plan.	CBL & Associates Properties, Inc.			4765	12/15/2022	Vesting of equity awards 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

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

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the CBL Form 144 filing report?

The filing reports a proposed sale of 5,000 common shares of CBL with an aggregate market value of $151,750 through Edward Jones (Ramsey Walsh) and an approximate sale date of 09/22/2025.

Who is the broker listed on the Form 144 for CBL?

The broker listed is Edward Jones, Ramsey Walsh with the address shown in Oak Ridge, TN.

How were the shares being sold acquired according to the filing?

The filing shows 235 shares received on 11/01/2021 in exchange under the issuer's Chapter 11 reorganization and 4,765 shares acquired on 12/15/2021 via equity awards under the issuer's 2021 Equity Incentive Plan.

Does the filing report any sales of CBL securities in the past three months?

No. The section for securities sold during the past three months states Nothing to Report.

What outstanding share count does the Form 144 show for CBL?

The filing lists 30,933,176 shares outstanding for the issuer.