[Form 4] Simon Property Group, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Matthew A. Jackson, SVP and Assistant Treasurer of Simon Property Group, reported a sale of 250 shares of SPG common stock on 08/29/2025 at a price of $179.36 per share, leaving him with 8,341 shares beneficially owned after the transaction. The filing states the disposition represents tax withholding obligations related to the vesting of restricted stock rather than a market-driven disposition.

The Form 4 was signed by an attorney-in-fact on 09/02/2025. The report is a routine insider disclosure of a small-scale share disposition tied to compensation-related tax withholding.

Positive

• Timely disclosure of the insider transaction in a Form 4
• Transaction tied to tax withholding for vested restricted stock, indicating a compensation-related disposition rather than opportunistic trading

Negative

• An officer sold 250 shares of SPG, which could be viewed negatively by some investors despite being small

Insights

Financial Analyst

TL;DR A small, compensation-related sale was reported; transaction is routine and likely immaterial to SPG's valuation.

The reporting person sold 250 shares at $179.36 as tax withholding on vested restricted stock, leaving 8,341 shares owned. The size of the sale is small relative to a large-cap REIT such as Simon Property Group, indicating no clear signal about company fundamentals. Timely filing and the stated reason reduce the likelihood that this trade reflects new, material information.

Corporate Governance Expert

TL;DR Disclosure aligns with Section 16 requirements; the stated reason supports routine compliance rather than opportunistic selling.

The Form 4 discloses an officer-level insider's disposition tied to tax withholding on restricted stock vesting. The explicit explanation and separate reporting maintain transparency under insider trading rules. No indications of procedural irregularity are present in the filing; signature by an attorney-in-fact is properly noted.

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
Estimated average burden
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).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Jackson Matthew A

(Last) (First) (Middle)

225 W. WASHINGTON ST.

(Street)

INDIANAPOLIS IN 46204

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP, ASSISTANT TREASURER

3. Date of Earliest Transaction (Month/Day/Year)
08/29/2025

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	08/29/2025		F		250(1)	D	$179.36	8,341	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 tax withholding obligations in connection with the vesting of restricted stock.

	/s/ Matthew Jackson by his attorney-in-fact, Kevin M. Kelly	09/02/2025
	** 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 Matthew A. Jackson report in the Form 4 for SPG?

He reported the sale of 250 shares of SPG common stock on 08/29/2025 at $179.36 per share, leaving 8,341 shares owned.

Why were the 250 SPG shares sold according to the Form 4?

The filing states the sale represents tax withholding obligations in connection with the vesting of restricted stock.

When was the Form 4 signed and filed for this SPG transaction?

The signature on the Form 4 was made by an attorney-in-fact on 09/02/2025.

Does the Form 4 indicate the sale was part of a Rule 10b5-1 plan?

No 10b5-1 plan checkbox or plan attribution is indicated in the provided content.

How many SPG shares did Matthew A. Jackson beneficially own after the transaction?

He beneficially owned 8,341 shares following the reported disposition.