Simon Property Group director buys 480 shares

The 480 shares came from reinvested dividends on restricted stock awarded as non-cash compensation under Simon Property Group, L.P.’s 2019 Stock Incentive Plan.

Rhea-AI Filing Summary

Reuben S. Leibowitz reported purchase transactions in this Form 4 filing. Simon Property Group Inc. director Reuben S. Leibowitz reported acquiring 480 common shares on September 30, 2026, at $202.78 per share through reinvestment of dividends received on restricted stock awarded as non-cash compensation under Simon Property Group, L.P.’s 2019 Stock Incentive Plan. His direct holdings afterward were 56,277 shares. The report also lists 2,500 shares held by his spouse and indirect holdings of 10,500 shares by Leibowitz Foundation, 2,500 by Maxsim Charitable Remainder Trust, and 1,400 by trusts; Leibowitz disclaims beneficial ownership of these latter holdings.

Insider Trade Summary

Net Buyer: 480 shares

Net Buy 5 txns

Insider LEIBOWITZ REUBEN S

Role Director

Bought 480 shs ($97K)

Type	Security	Shares	Price	Value
Purchase	Common Stock F1	480	$202.78	$97K
holding	Common Stock	--	--	--
holding	Common Stock F2	--	--	--
holding	Common Stock F2	--	--	--
holding	Common Stock F2	--	--	--

Holdings After Transaction: Common Stock — 56,277 shares (Direct); Common Stock — 2,500 shares (Indirect, By Spouse); Common Stock — 10,500 shares (Indirect, By Leibowitz Foundation); Common Stock — 2,500 shares (Indirect, By Maxsim Charitable Remainder Trust); Common Stock — 1,400 shares (Indirect, By trusts)

Footnotes (2)

1. F1. 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.
2. F2. The Reporting Person disclaims beneficial ownership of these securities and the inclusion of these shares in the report shall not be deemed an admission of beneficial ownership of the reported shares for purposes of Section 16 or for any other purpose.

Key Figures

Shares acquired: 480 shares Transaction price per share: $202.78 per share Direct shares following transaction: 56,277 shares +4 more

7 metrics

Shares acquired 480 shares Common shares acquired on September 30, 2026.

Transaction price per share $202.78 per share 480-share acquisition on September 30, 2026.

Direct shares following transaction 56,277 shares Direct common shares reported following the September 30, 2026 transaction.

Spouse-held shares 2,500 shares Indirect common shares reported as of September 30, 2026.

Leibowitz Foundation shares 10,500 shares Indirect common shares reported as of September 30, 2026; beneficial ownership disclaimed.

Maxsim Charitable Remainder Trust shares 2,500 shares Indirect common shares reported as of September 30, 2026; beneficial ownership disclaimed.

Shares held by trusts 1,400 shares Indirect common shares reported as of September 30, 2026; beneficial ownership disclaimed.

Key Terms

reinvestment of dividends, restricted stock, non-cash compensation, beneficial ownership

4 terms

reinvestment of dividends financial

"acquired through the reinvestment of dividends"

restricted stock financial

"dividends received on restricted stock"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

non-cash compensation financial

"awarded to the Reporting Person as non-cash compensation"

beneficial ownership regulatory

"disclaims beneficial ownership of these securities"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many SPG shares did Reuben S. Leibowitz acquire, and at what price?

Reuben S. Leibowitz reported acquiring 480 common shares on September 30, 2026, at $202.78 per share. The shares came from reinvestment of dividends received on restricted stock awarded as non-cash compensation, and no Rule 10b5-1 plan is reported.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 10/01/2026 - 03:17 PM Accepted by SEC EDGAR 10/01/2026 - 03:17 PM Learn about SEC filing dates

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^*

LEIBOWITZ REUBEN S

(Last) (First) (Middle)

225 W. WASHINGTON STREET

(Street)

INDIANAPOLIS INDIANA 46204

(City) (State) (Zip)

UNITED STATES

(Country)

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

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	09/30/2026		P(1)		480	A	$202.78(1)	56,277	D
Common Stock								2,500	I	By Spouse
Common Stock								10,500(2)	I	By Leibowitz Foundation
Common Stock								2,500(2)	I	By Maxsim Charitable Remainder Trust
Common Stock								1,400(2)	I	By trusts

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.

2. The Reporting Person disclaims beneficial ownership of these securities and the inclusion of these shares in the report shall not be deemed an admission of beneficial ownership of the reported shares for purposes of Section 16 or for any other purpose.

	/s/ Reuben S. Leibowitz by his attorney-in-fact, Steven E. Fivel	10/01/2026
	** 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.
* Form 4: SEC 1474 (03-26)