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

Rhea-AI Filing Summary

Peggy Fang Roe, a director of Simon Property Group, acquired 76 shares of SIMON PROPERTY GROUP INC /DE/ (SPG) on 09/30/2025 at an indicated price of $185.95 per share. The filing states these shares were purchased through dividend reinvestment of dividends paid on restricted stock awarded as non-cash compensation under the Simon Property Group, L.P. 2019 Stock Incentive Plan. After the transaction, Ms. Roe beneficially owned 6,726 shares. The Form 4 was signed on behalf of Ms. Roe by her attorney-in-fact, Steven E. Fivel, and submitted as a single reporting person filing.

Insights

Financial Analyst

TL;DR: Small dividend-reinvestment purchase by a director; immaterial to SPG valuation but confirms ongoing participation in equity compensation.

The transaction reports acquisition of 76 common shares via dividend reinvestment on 09/30/2025 at $185.95 per share. Relative to institutional market cap scale for Simon Property Group, this is a minor transaction and unlikely to affect investor views on ownership concentration or the companys share structure. It does, however, reflect routine behavior under equity compensation programs and suggests the director is retaining and reinvesting shares rather than fully liquidating restricted stock awards.

Corporate Governance Expert

TL;DR: Routine insider activity tied to compensation; no governance red flags evident from this filing.

The Form 4 discloses that the 76-share acquisition resulted from reinvested dividends on restricted stock awarded under the 2019 Stock Incentive Plan. The report was properly signed by an attorney-in-fact and filed as a single reporting person form. There are no indications of unusual timing, large disposals, related-party issues, or departures from standard disclosure practices in this submission.

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^*

Roe Peggy

(Last) (First) (Middle)

5804 CLEVES LANE

(Street)

BETHESDA MD 20816

(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)		76	A	$185.95(1)	6,726	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/ Peggy Fang Roe by her 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 Peggy Fang Roe report on Form 4 for SPG?

The Form 4 reports acquisition of 76 shares of SPG on 09/30/2025 through dividend reinvestment of restricted stock dividends.

At what price were the SPG shares recorded in the Form 4?

The filing lists an indicated price of $185.95 per share for the reported acquisition.

How many SPG shares does Peggy Fang Roe beneficially own after the reported transaction?

Following the transaction, the filing reports that she beneficially owned 6,726 shares.

Why were the shares acquired according to the Form 4?

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

Who signed the Form 4 on behalf of Peggy Fang Roe and when?

The Form 4 was signed by her attorney-in-fact, Steven E. Fivel, and dated 10/01/2025.