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

Rhea-AI Filing Summary

Gary M. Rodkin, identified as a director of Simon Property Group, acquired 219 shares of SIMON PROPERTY GROUP INC /DE/ (SPG) common stock on 09/30/2025. The shares were purchased at an indicated price of $185.95 and were acquired through reinvestment of dividends paid on restricted stock awarded as non-cash compensation under the Simon Property Group, L.P. 2019 Stock Incentive Plan. Following the transaction, the reporting person beneficially owned 19,229 shares. The Form 4 was filed as a single reporting person filing and signed via attorney-in-fact.

Positive

• Insider ownership increased by 219 shares through dividend reinvestment, showing alignment with shareholder interests
• Transaction disclosed under Section 16, demonstrating compliance with insider reporting requirements

Negative

• None.

Insights

Financial Analyst

TL;DR: Small dividend-reinvestment purchase by a director, modestly increases insider stake without a cash purchase signal.

The reported acquisition of 219 shares via dividend reinvestment represents a routine, non-cash increase in insider holdings under the company
s stock incentive plan. The transaction price of $185.95 reflects the reinvestment valuation rather than an open-market trade. The change raises beneficial ownership to 19,229 shares, which is a marginal ownership increase and unlikely to materially affect control or valuation. No derivative transactions or disposals were reported.

Corporate Governance Expert

TL;DR: Administrative insider activity tied to compensation plan; standard disclosure consistent with Section 16 requirements.

This Form 4 documents a compensatory mechanism (dividend reinvestment on restricted stock) rather than an opportunistic market purchase. Such filings are common for directors receiving restricted stock and demonstrate compliance with reporting obligations. The filing being by one reporting person and executed by an attorney-in-fact is procedural and not indicative of governance changes.

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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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).

1. Name and Address of Reporting Person^*

RODKIN GARY M

(Last) (First) (Middle)

109 PATTERSON AVENUE

(Street)

GREENWICH CT 06830

(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)		219	A	$185.95(1)	19,229	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/ Gary M. Rodkin 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 Gary M. Rodkin report on Form 4?

He reported acquisition of 219 shares of SPG common stock on 09/30/2025 via dividend reinvestment from restricted stock.

How many SPG shares does Gary M. Rodkin beneficially own after the transaction?

The Form 4 reports a total beneficial ownership of 19,229 shares following the transaction.

What was the reported price per share for the transaction on the Form 4?

The transaction is reported at a price of $185.95 per share, reflecting the reinvestment valuation.

Why were shares acquired rather than purchased with cash?

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

Was this Form 4 filed jointly or by one reporting person?

The form indicates it was filed by one reporting person (individual filing).