Fields David Michael 4

What Happened
David M. Fields, a director of CBL & Associates Properties, sold 3,592 shares of CBL common stock in an open-market/private sale on June 5, 2026. The shares were sold at $47.97 per share for a reported total of approximately $172,308. This was a sale (not a purchase); sales by insiders can be routine and do not necessarily indicate a change in company outlook.

Key Details

• Transaction date: 2026-06-05
• Transaction type: Sale (reported as "S"; open-market or private sale)
• Price per share: $47.97
• Shares sold: 3,592
• Reported transaction value: ~$172,308
• Shares owned after transaction: Not disclosed in the provided filing excerpt
• Footnotes/plan: No 10b5-1 plan, tax-withholding, or other footnotes were disclosed in the provided data
• Filing timeliness: Form filed 2026-06-09 (timely filed within SEC Form 4 reporting window)

Context
Insider sales are common for liquidity, diversification, or other personal reasons and do not by themselves signal company performance. For investors, purchases typically carry more weight as potential bullish signals; this entry documents routine insider selling activity.