CBL & Associates (CBL) EVP reports Form 4 insider stock disposition

Rhea-AI Filing Summary

CBL & Associates Properties Inc. executive Joseph Khalili, EVP Financial Planning & Analysis, reported a small change in his holdings of the company’s common stock. On 12/17/2025, a transaction coded "F" was reported for 609 shares disposed of at a price of $37.365 per share. After this transaction, he beneficially owns 17,441 common shares, held directly.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Khalili Joseph

Role EVP Financial Planning & Anlys

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	609	$37.365	$23K

Holdings After Transaction: Common Stock — 17,441 shares (Direct)

Footnotes (1)

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^*

Khalili Joseph

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP Financial Planning & Anlys

3. Date of Earliest Transaction (Month/Day/Year)
12/17/2025

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	12/17/2025		F		609	D	$37.365	17,441	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 Joseph Khalili	12/18/2025
	** 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 transaction did CBL (CBL) report in this Form 4?

An executive of CBL & Associates Properties Inc. reported a transaction coded "F" on 12/17/2025 involving 609 shares of common stock disposed of at $37.365 per share.

Who from CBL & Associates Properties Inc. filed this Form 4?

The Form 4 was filed for Joseph Khalili, who serves as EVP Financial Planning & Anlys at CBL & Associates Properties Inc.

How many CBL common shares were involved in the reported transaction?

The reported transaction involved 609 shares of CBL common stock disposed of, with a transaction price of $37.365 per share.

What is the executive’s CBL share ownership after the Form 4 transaction?

Following the reported transaction, the executive beneficially owns 17,441 shares of CBL common stock, held in direct ownership.

What does the "F" transaction code mean in the CBL Form 4 filing?

The Form 4 lists the transaction under code "F", indicating a specific type of disposition as defined in the Form 4 instructions, applied here to 609 shares on 12/17/2025.

Is the reporting person at CBL a director or an officer?

The reporting person is identified as an officer of CBL & Associates Properties Inc., with the title EVP Financial Planning & Anlys, and is not checked as a director or 10% owner.