CBL director sells 3,592 shares at $47.97

Q: Was the CBL (CBL) transaction by David Michael Fields a buy or a sell?

The transaction was a sell. It is coded as an open-market sale of common stock, with 3,592 shares disposed of at $47.97 per share, and classified as a non-derivative transaction under SEC reporting rules.

CBL & Associates Properties Inc. director David Michael Fields sold shares in the company’s common stock.

Filing Impact

(Moderate)

Filing Sentiment

(Negative)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Form Type

Rhea-AI Filing Summary

CBL & Associates Properties Inc. director David Michael Fields sold shares in the company’s common stock. On June 5, 2026, he completed an open-market sale of 3,592 shares at $47.97 per share. After this transaction, he directly holds 18,522 common shares, indicating he retained a substantial remaining position.

Insider Trade Summary

Net Seller: 3,592 shares

Net Sell 1 txn

Insider Fields David Michael

Role Director

Sold 3,592 shs ($172K)

Type	Security	Shares	Price	Value
Sale	Common Stock	3,592	$47.97	$172K

Holdings After Transaction: Common Stock — 18,522 shares (Direct)

Key Figures

Shares sold: 3,592 shares Sale price per share: $47.97 per share Shares held after transaction: 18,522 shares +1 more

4 metrics

Shares sold 3,592 shares Open-market sale of common stock on June 5, 2026

Sale price per share $47.97 per share Price for the 3,592 common shares sold

Shares held after transaction 18,522 shares Direct ownership following the reported sale

Net share direction -3,592 shares Net-sell based on transactionSummary

Key Terms

open-market sale, Common Stock, non-derivative, net-sell

4 terms

open-market sale financial

"The transaction is described as an open-market sale of common stock."

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

"The security title involved in the transaction is 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.

non-derivative financial

"The transaction type is classified as non-derivative securities."

net-sell financial

"The transactionSummary characterizes the activity as net-sell."

FAQ

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

What insider transaction did CBL (CBL) disclose for David Michael Fields?

CBL disclosed that director David Michael Fields sold 3,592 shares of common stock. The transaction was an open-market sale at $47.97 per share, and it reduced but did not eliminate his direct ownership stake in the company.

How many CBL (CBL) shares did David Michael Fields sell and at what price?

David Michael Fields sold 3,592 shares of CBL common stock at $47.97 per share. This was reported as a non-derivative, open-market sale, meaning the shares were sold directly rather than through options or other derivative securities.

How many CBL (CBL) shares does David Michael Fields hold after the sale?

After the reported sale, David Michael Fields directly holds 18,522 shares of CBL common stock. This post-transaction balance shows he continues to maintain a meaningful ownership position in the company following the open-market disposition.

Was the CBL (CBL) transaction by David Michael Fields a buy or a sell?

The transaction was a sell. It is coded as an open-market sale of common stock, with 3,592 shares disposed of at $47.97 per share, and classified as a non-derivative transaction under SEC reporting rules.

What type of security did David Michael Fields trade in CBL (CBL)?

David Michael Fields traded CBL’s common stock in this filing. The transaction involved non-derivative common shares, not options or other derivative instruments, and was executed as an open-market sale according to the transaction description.

Does the Form 4 for CBL (CBL) show any option exercises or derivatives for Fields?

No derivative positions are listed for David Michael Fields in this Form 4. The filing shows only a non-derivative open-market sale of 3,592 common shares, with no accompanying option exercises or other derivative transactions reported.

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

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 06/09/2026 - 10:25 AM EDT

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^*

Fields David Michael

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/05/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/05/2026		S		3,592	D	$47.97	18,522	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

	/s/ Jeffery V. Curry, attorney-in-fact for David M. Fields	06/09/2026
	** 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)

Source: View Original Filing on SEC EDGAR