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

Rhea-AI Filing Summary

Daniel C. Smith, a director of Simon Property Group (SPG), acquired 335 shares of SPG common stock through dividend reinvestment tied to restricted stock awarded under the company's 2019 Stock Incentive Plan. The reported transaction lists a purchase price of $185.95 per share and shows total beneficial ownership of 32,333 shares following the transaction. The filing records the transaction date as 09/30/2025 and clarifies the shares were received as non-cash compensation via reinvested dividends on restricted stock rather than an open-market trade.

Insights

Financial Analyst

TL;DR: Small director share increase via dividend reinvestment, immaterial to company valuation but aligns compensation mechanics with ownership.

The transaction is a routine administrative increase in ownership through dividend reinvestment of restricted stock awards. At 335 shares and a post-transaction holding of 32,333 shares, the change is minor relative to institutional ownership scales and does not indicate active open-market buying or a change in director intent. The $185.95 per-share figure reflects the dividend reinvestment valuation used for the award; no cash outlay by the reporting person is reported.

Corporate Governance Expert

TL;DR: Director received shares as compensation-related reinvestment; disclosure complies with Section 16 reporting norms.

This Form 4 documents a non-cash acquisition tied to the Simon Property Group, L.P. 2019 Stock Incentive Plan. It clarifies the nature of beneficial ownership change and is consistent with standard corporate compensation administration. The transaction does not reflect change in board composition or control, and the form is signed by an attorney-in-fact as permitted.

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

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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^*

Smith Daniel C.

(Last) (First) (Middle)

5510 N. SHERIDAN ROAD

APT. 10B

(Street)

CHICAGO IL 60640

(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)		335	A	$185.95(1)	32,333	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/ Daniel C. Smith 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).
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