CBL & Associates Properties (CBL) director granted 3,346 shares of common stock

Rhea-AI Filing Summary

CBL & Associates Properties Inc reported that director Jeffrey A. Kivitz acquired 3,346 shares of common stock on 12/15/2025 in a transaction coded A. The shares are a grant of restricted common stock under the 2021 Equity Incentive Plan at a reported price of $37.365 per share, increasing his directly held stake to 17,606 common shares.

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

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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^*

Kivitz Jeffrey

(Last) (First) (Middle)

C/O CBL PROPERTIES

2030 HAMILTON PLC BLVD, CBL CTR, STE 500

(Street)

CHATTANOOGA TN 37421

(City) (State) (Zip)

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

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

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
12/15/2025

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

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

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

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	12/15/2025		A(1)		3,346	A	$37.365	17,606	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:

1. Grant of restricted Common Stock pursuant to the 2021 Equity Incentive Plan.

	/s/ Jeffery V. Curry, attorney-in-fact for Jeffrey A. Kivitz	12/17/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did CBL (CBL) disclose in this filing?

The filing shows that director Jeffrey A. Kivitz acquired 3,346 shares of CBL & Associates Properties Inc common stock on 12/15/2025 at a reported price of $37.365 per share.

Who is the insider involved in the latest CBL (CBL) stock transaction?

The insider is Jeffrey A. Kivitz, a director of CBL & Associates Properties Inc, filing individually as one reporting person.

What type of shares were granted in this CBL (CBL) Form 4 filing?

The transaction is a grant of restricted common stock of CBL & Associates Properties Inc pursuant to the company's 2021 Equity Incentive Plan.

How many CBL (CBL) shares does the director own after this transaction?

Following the reported grant, director Jeffrey A. Kivitz beneficially owns 17,606 shares of CBL & Associates Properties Inc common stock in direct form.

What was the transaction code used in this CBL (CBL) insider report?

The transaction is reported with code A in Table I, indicating an acquisition of 3,346 shares of common stock.

Under what plan was the CBL (CBL) restricted stock granted?

The filing states that the restricted common stock was granted pursuant to CBL & Associates Properties Inc's 2021 Equity Incentive Plan.