CBL (CBL) CFO Benjamin Jaenicke sells 6,500 shares in open-market moves

Rhea-AI Filing Summary

CBL & Associates Properties EVP and CFO Benjamin W. Jaenicke sold a total of 6,500 shares of Common Stock in open-market transactions. The sales on June 2, 2026 were executed at prices of $48.565 and $48.450 per share. After these trades, he directly holds 130,607 shares.

Insider Trade Summary

Net Seller: 6,500 shares ($314,985)

Net Sell 2 txns

Insider Jaenicke Benjamin W

Role EVP - Chief Financial Officer

Sold 6,500 shs ($315K)

Type	Security	Shares	Price	Value
Sale	Common Stock	5,974	$48.45	$289K
Sale	Common Stock	526	$48.565	$26K

Holdings After Transaction: Common Stock — 131,133 shares (Direct, null)

Footnotes (1)

Key Figures

Shares sold total: 6,500 shares First sale size: 526 shares Second sale size: 5,974 shares +5 more

8 metrics

Shares sold total 6,500 shares Common Stock open-market sales on June 2, 2026

First sale size 526 shares Common Stock sold at $48.565 per share

Second sale size 5,974 shares Common Stock sold at $48.450 per share

Sale price 1 $48.565 per share Open-market Common Stock sale

Sale price 2 $48.450 per share Open-market Common Stock sale

Shares held after sales 130,607 shares Direct Common Stock ownership following transactions

Net share change -6,500 shares Net-sell direction per transaction summary

Number of sale transactions 2 transactions Both coded as open-market sales of Common Stock

Key Terms

open-market sale, Common Stock, Form 4, net-sell

4 terms

open-market sale financial

"transaction_action: open-market sale"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Common Stock financial

"security_title: Common Stock"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

net-sell financial

"netBuySellDirection: net-sell"

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Jaenicke Benjamin W

(Last) (First) (Middle)

C/O CBL PROPERTIES

2030 HAMILTON PLC BLVD, CBL CTR, STE 500

(Street)

CHATTANOOGA TENNESSEE 37421

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
CBL & ASSOCIATES PROPERTIES INC [ CBL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP - Chief Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/02/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/02/2026		S		5,974	D	$48.45	131,133	D
Common Stock	06/02/2026		S		526	D	$48.565	130,607	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

	/s/ Jeffery V. Curry, attorney-in-fact for Benjamin W. Jaenicke	06/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transactions did CBL (CBL) report for Benjamin W. Jaenicke?

CBL reported that EVP and Chief Financial Officer Benjamin W. Jaenicke sold 6,500 shares of Common Stock. The Form 4 shows two open-market sale transactions dated June 2, 2026, reducing but not eliminating his direct ownership position.

How many CBL (CBL) shares did the CFO sell and at what prices?

Benjamin W. Jaenicke sold 6,500 CBL Common Stock shares. One sale covered 526 shares at $48.565 per share, and another covered 5,974 shares at $48.450 per share, both classified as open-market transactions.

What is Benjamin W. Jaenicke’s remaining CBL (CBL) shareholding after these sales?

After the reported sales, Benjamin W. Jaenicke directly holds 130,607 CBL Common Stock shares. This figure reflects his post-transaction ownership as disclosed in the Form 4 and represents his remaining direct stake following the June 2, 2026 trades.

Were the CBL (CBL) insider transactions by the CFO open-market sales?

Yes. Both transactions reported for Benjamin W. Jaenicke are coded “S” and described as sales in open market or private transactions. The filing classifies them as non-derivative Common Stock sales, not option exercises or derivative-related activity.

Did the CBL (CBL) CFO buy or sell more shares overall in this filing?

Overall, the CFO was a net seller in this filing. The transaction summary shows two sale transactions totaling 6,500 shares, with no purchases or derivative exercises reported, resulting in a net-sell share change of 6,500 shares.