Macerich (MAC) Form 4: Director Lowenthal reports sale, 36,876 shares remain

Rhea-AI Filing Summary

Macerich Co. (MAC) director Marianne Lowenthal reported a sale of 6,000 shares of Macerich common stock on 09/24/2025 at a reported price of $17.13 per share. Following the transaction she beneficially owns 36,876 shares in a direct capacity. The Form 4 is signed and dated 09/25/2025.

Positive

• Timely disclosure of an insider transaction via a filed Form 4 dated 09/25/2025
• Clear reporting of transaction details: number of shares, price and post-transaction holdings

Negative

• Insider sold 6,000 shares on 09/24/2025, reducing direct beneficial ownership
• No explanation provided in the filing for the reason or use of proceeds from the sale

Insights

Corporate Governance Expert

TL;DR: Routine insider sale disclosed; no additional context provided about purpose or timing.

The filing documents a straightforward sale by a company director rather than an option exercise or derivative transaction. It reports quantity, price and post-transaction holdings, and the Form 4 is signed the day after the trade. As reported, this is a standard Section 16 disclosure that increases public transparency about insider holdings.

Securities Analyst

TL;DR: Materiality appears limited; single sale of 6,000 shares with clear post-sale ownership.

The transaction lists a sale of 6,000 shares at $17.13 and shows 36,876 shares remaining beneficially owned directly. The report contains no information on additional transactions, derivative positions or planned sales, so its immediate market impact is likely minimal based solely on the disclosed facts.

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
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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).

1. Name and Address of Reporting Person^*

Lowenthal Marianne

(Last) (First) (Middle)

401 WILSHIRE BLVD.

SUITE 700

(Street)

SANTA MONICA CA 90401

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
MACERICH CO [ MAC ]

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)
09/24/2025

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	09/24/2025		S		6,000	D	$17.13	36,876	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:

Remarks:

	Marianne Lowenthal	09/25/2025
	** 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 did Marianne Lowenthal report on the Form 4 for MAC?

The Form 4 reports a sale of 6,000 Macerich shares on 09/24/2025 at $17.13 per share; post-sale beneficial ownership is 36,876 shares.

When was the Form 4 for the MAC insider sale signed?

The Form 4 is signed by Marianne Lowenthal and dated 09/25/2025.

What type of relationship does the reporting person have with MAC?

Marianne Lowenthal is reported as a Director of Macerich Co.

Did the Form 4 report any derivative transactions for MAC?

No. The filing shows a non-derivative sale of common stock and contains no reported derivative transactions.

How many Macerich shares does Marianne Lowenthal beneficially own after the sale?

She beneficially owns 36,876 shares following the reported transaction.