Simon Property Group (SPG) director increases holdings through dividend reinvestment

Rhea-AI Filing Summary

Simon Property Group director Daniel C. Smith reported acquiring additional common shares through a routine dividend reinvestment. On 12/31/2025, he acquired 347 shares of Simon Property Group, Inc. common stock at a price of $186 per share. These shares were received through the reinvestment of dividends on restricted stock that had been granted to him as non-cash compensation under the Simon Property Group, L.P. 2019 Stock Incentive Plan.

Following this transaction, Smith beneficially owned 32,680 shares of Simon Property Group common stock in direct form. This filing records an increase in his equity stake through an automatic, plan-based transaction rather than an open-market trade.

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).

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^*

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. [ 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)
12/31/2025

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	12/31/2025		P(1)		347	A	$186(1)	32,680	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	01/05/2026
	** 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.
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FAQ

What insider transaction did Simon Property Group (SPG) report for Daniel C. Smith?

Daniel C. Smith, a director of Simon Property Group, Inc., reported acquiring 347 shares of common stock on 12/31/2025. The transaction was reported on a Form 4.

How did Daniel C. Smith acquire the new SPG shares?

The 347 shares of Simon Property Group common stock were acquired through the reinvestment of dividends received on restricted stock granted to him as non-cash compensation under the Simon Property Group, L.P. 2019 Stock Incentive Plan.

What price was used for the dividend reinvestment shares of Simon Property Group (SPG)?

The dividend reinvestment transaction reflects a price of $186 per share for the 347 shares of Simon Property Group common stock acquired on 12/31/2025.

How many Simon Property Group (SPG) shares does Daniel C. Smith own after this transaction?

After the reported transaction, Daniel C. Smith beneficially owned 32,680 shares of Simon Property Group, Inc. common stock, held in direct ownership form.

Was this SPG insider transaction an open-market purchase?

No. The filing explains that the 347 shares were acquired through dividend reinvestment on existing restricted stock, rather than through an open-market purchase.

What compensation plan is referenced in this SPG Form 4 filing?

The transaction relates to restricted stock awarded as non-cash compensation under the Simon Property Group, L.P. 2019 Stock Incentive Plan, with dividends on that restricted stock reinvested into additional common shares.