CBL & Associates: 10% owner Canyon Capital Advisors sold 1,307,500 shares

What happened

• Canyon Capital Advisors LLC (reported as a 10% owner) sold 1,307,500 shares of CBL & Associates Properties common stock in an open market transaction on Oct 6, 2026 at $52.19 per share, for total proceeds of $68,238,425. The Form 4 was filed on Oct 8, 2026.

Key details

• Transaction date and price: Oct 6, 2026 — sale of 1,307,500 shares at $52.19.
• Shares owned after the transaction: not stated in the filing.
• Relevant footnotes: F1 — Form 4 filed jointly by Canyon Capital Advisors LLC (CCA), Mitchell R. Julis and Joshua S. Friedman; F2 — CCA is the investment advisor to certain managed funds and accounts that directly hold the securities; F3 — Julis and Friedman may be deemed beneficial owners by virtue of managing CCA and controlling entities that own a majority interest in CCA; F4 — CCA sold the shares on Oct 6, 2026 for the account of certain of its managed accounts.
• Filing date: Oct 8, 2026 (reporting the Oct 6, 2026 transaction).

Why it may matter

• The sale was an open market sale by an investment adviser on behalf of its managed accounts, and the filer is a 10% owner (a large holder), not an executive.
• This was not reported as an option exercise or a gift; it was a market sale for accounts managed by CCA.
• A filing does not show why the insider traded or why the company acted.