[Form 4] SIMON PROPERTY GROUP INC /DE/ Insider Trading Activity

Rhea-AI Filing Summary

Stefan M. Selig, a director of Simon Property Group (SPG), acquired 195 shares of the company's common stock on 09/30/2025 through dividend reinvestment related to restricted stock issued under the Simon Property Group, L.P. 2019 Stock Incentive Plan. The shares were recorded at a price of $185.95 each. Following this non-cash compensation reinvestment, Mr. Selig beneficially owns 32,076 shares. The Form 4 was signed on 10/01/2025 by Mr. Selig's attorney-in-fact, Steven E. Fivel.

Positive

• Director acquisition disclosed: 195 shares acquired through dividend reinvestment on 09/30/2025
• Post-transaction beneficial ownership: 32,076 shares reported
• Transaction tied to compensation plan: Shares arose from reinvestment of dividends on restricted stock under the Simon Property Group, L.P. 2019 Stock Incentive Plan
• Filing executed and signed: Form signed by attorney-in-fact Steven E. Fivel on 10/01/2025

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine dividend reinvestment increased a director's stake by 195 shares to 32,076 shares; not materially dilutive.

The filing documents a non-cash acquisition of 195 common shares via dividend reinvestment tied to previously awarded restricted stock under the 2019 Stock Incentive Plan at a recorded price of $185.95 per share. This is a standard Form 4 disclosure reflecting compensation-related share accrual and results in a reported beneficial holding of 32,076 shares. There is no indication of open-market purchases or sales, debt changes, or derivative transactions in this filing.

Corporate Governance Expert

TL;DR: Compensation-related reinvestment reported; routine compliance with Section 16 reporting obligations.

The report shows the director complied with Section 16 disclosure by reporting the reinvestment of dividends on restricted stock as non-cash compensation. The signature by an attorney-in-fact on 10/01/2025 indicates timely filing practices. The transaction is tied to the company's 2019 Stock Incentive Plan, and no indirect ownership or complex arrangements are disclosed.

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

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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^*

SELIG STEFAN M

(Last) (First) (Middle)

2 EAST 70TH STREET

(Street)

NEW YORK NY 10021

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
SIMON PROPERTY GROUP INC /DE/ [ SPG ]

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)
09/30/2025

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	09/30/2025		P(1)		195	A	$185.95(1)	32,076	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. Represents shares of common stock acquired through the reinvestment of dividends received on restricted stock awarded to the Reporting Person as non-cash compensation under the Simon Property Group, L.P. 2019 Stock Incentive Plan.

	/s/ Stefan M. Selig by his attorney-in-fact, Steven E. Fivel	10/01/2025
	** 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 transaction did SPG director Stefan M. Selig report on Form 4?

The Form 4 reports the acquisition of 195 shares of Simon Property Group common stock on 09/30/2025 via dividend reinvestment of restricted stock.

How many shares does Stefan M. Selig beneficially own after the reported transaction?

Following the transaction, the filing reports Mr. Selig beneficially owns 32,076 shares.

What was the recorded price for the shares acquired by Stefan M. Selig?

The shares are reported at a price of $185.95 per share.

Why were the shares acquired by Stefan M. Selig?

The filing states the 195 shares were acquired through reinvestment of dividends received on restricted stock awarded as non-cash compensation under the 2019 Stock Incentive Plan.

When was the Form 4 signed and by whom?

The Form 4 was signed on 10/01/2025 by Mr. Selig's attorney-in-fact, Steven E. Fivel.