Form 4: Cobb Andrew Franklin reports multiple insider transactions in CBL

Rhea-AI Filing Summary

Cobb Andrew Franklin reported multiple insider transaction types in a Form 4 filing for CBL. The filing lists transactions totaling 41,398 shares at a weighted average price of $36.11 per share. Following the reported transactions, holdings were 36,421 shares.

Insider Trade Summary

5 transactions reported

Mixed 5 txns

Insider Cobb Andrew Franklin

Role Exec VP-Accounting

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	657	$36.545	$24K
Grant/Award	Common Stock	4,310	$0.00	--
Grant/Award	Common Stock	21,605	$0.00	--
Grant/Award	Common Stock	10,571	$0.00	--
Tax Withholding	Common Stock	4,255	$36.045	$153K

Holdings After Transaction: Common Stock — 36,421 shares (Direct)

Footnotes (1)

1. This total includes 25,680 shares held in an account owned jointly by the Reporting Person and his spouse. Grant of restricted Common Stock pursuant to the 2021 Equity Incentive Plan. Grant of restricted Common Stock in accordance with the Reporting Person's 2023 Performance Stock Unit Award Agreement. Common Stock issued in accordance with the Reporting Person's 2022 Performance Stock Unit Award Agreement.

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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^*

Cobb Andrew Franklin

(Last) (First) (Middle)

CBL CENTER, STE 500

2030 HAMILTON PLACE BLVD

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Exec VP-Accounting

3. Date of Earliest Transaction (Month/Day/Year)
02/11/2026

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	02/11/2026		F		657	D	$36.545	36,421	D(1)
Common Stock	02/11/2026		A(2)		4,310	A	$0	40,731	D(1)
Common Stock	02/11/2026		A(3)		21,605	A	$0	62,336	D(1)
Common Stock	02/11/2026		A(4)		10,571	A	$0	72,907	D(1)
Common Stock	02/11/2026		F		4,255	D	$36.045	68,652	D(1)

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. This total includes 25,680 shares held in an account owned jointly by the Reporting Person and his spouse.

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

3. Grant of restricted Common Stock in accordance with the Reporting Person's 2023 Performance Stock Unit Award Agreement.

4. Common Stock issued in accordance with the Reporting Person's 2022 Performance Stock Unit Award Agreement.

	/s/ Jeffery V. Curry, attorney-in-fact for Andrew F. Cobb	02/13/2026
	** 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.

FAQ

What insider transactions did CBL (CBL) executive Andrew Cobb report?

Andrew Franklin Cobb reported tax-withholding dispositions and equity grants in CBL common stock. He disposed of shares to cover tax liabilities and received restricted stock and performance-based shares under company equity incentive and performance stock unit award agreements.

How many CBL common shares did Andrew Cobb acquire on February 11, 2026?

On February 11, 2026, Andrew Cobb acquired 4,310, 21,605, and 10,571 CBL common shares. These came as restricted stock grants under the 2021 Equity Incentive Plan and issuances tied to his 2022 and 2023 performance stock unit award agreements.

What were the tax-withholding dispositions reported by Andrew Cobb at CBL?

Andrew Cobb reported two tax-withholding dispositions of CBL common stock on February 11, 2026. He delivered 657 shares at $36.545 and 4,255 shares at $36.045 per share to satisfy tax obligations associated with his equity awards.

What is Andrew Cobb’s total beneficial ownership of CBL shares after these transactions?

After the reported transactions, Andrew Cobb beneficially owned 68,652 CBL common shares. This total includes 25,680 shares held in an account jointly owned with his spouse, as disclosed in the explanatory footnotes to the insider ownership report.

Were Andrew Cobb’s CBL share acquisitions open-market purchases?

Andrew Cobb’s CBL share acquisitions were not open-market purchases. They were grants and issuances of restricted common stock and performance-based shares under the company’s 2021 Equity Incentive Plan and his 2022 and 2023 performance stock unit award agreements.

What role does Andrew Cobb hold at CBL & Associates Properties?

Andrew Franklin Cobb serves as Executive Vice President–Accounting at CBL & Associates Properties Inc. His role as a senior officer makes his equity transactions in the company’s common stock subject to public reporting on Form 4 under Section 16 rules.