Simon Property Group Form 4: Director Disposes 2,191 Shares to Cover Taxes

Rhea-AI Filing Summary

Richard S. Sokolov, a director of Simon Property Group, sold 2,191 shares of SPG common stock on 08/29/2025 at $179.36 per share. After the transaction he beneficially owned 280,839 shares directly. The filing states the disposition represents tax withholding obligations related to the vesting of restricted stock, indicating these shares were surrendered to cover taxes rather than an open-market sale for investment purposes.

Insights

Securities Analyst

TL;DR: A director surrendered vested restricted shares to satisfy tax withholding; a routine, non-dispositive insider transaction.

This Form 4 discloses a disposition of 2,191 shares at $179.36 each, reducing the director's direct holding to 280,839 shares. The filer explicitly states the transaction was for tax withholding on vested restricted stock, which commonly results in share surrender rather than active selling. Such transactions are typically neutral for valuation since they do not reflect a decision to monetize holdings beyond tax obligations.

Corporate Governance Expert

TL;DR: Transaction aligns with standard equity compensation administration and raises no governance red flags.

The disclosure names the reporting person as a director and shows the transaction was executed by an attorney-in-fact, consistent with routine administrative processing of vested awards. The filing provides explicit explanation that the disposition satisfied tax withholding obligations, which is a common practice and not indicative of a change in insider sentiment or control. No additional related-party or plan details are included in the filing.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider SOKOLOV RICHARD S

Role Director

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	2,191	$179.36	$393K

Holdings After Transaction: Common Stock — 280,839 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

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^*

SOKOLOV RICHARD S

(Last) (First) (Middle)

225 W. WASHINGTON STREET

(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)

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

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		2,191(1)	D	$179.36	280,839	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/ Richard S. Sokolov by his attorney-in-fact, Steven E. Fivel	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 SPG director Richard S. Sokolov report on Form 4?

He reported the disposition of 2,191 shares of SPG on 08/29/2025 at $179.36 per share, leaving 280,839 shares beneficially owned.

Why were the 2,191 SPG shares disposed of according to the filing?

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

Does the Form 4 indicate this was an open-market sale?

No. The explanation specifies the shares were surrendered to satisfy tax withholding, not sold for other purposes.

Who signed the Form 4 and when was it signed?

The Form 4 was signed /s/ Richard S. Sokolov by his attorney-in-fact, Steven E. Fivel on 09/02/2025.

What is Richard S. Sokolov's relationship to Simon Property Group in this filing?

He is listed as a Director of Simon Property Group.