Oaktree Capital Group Holdings GP, LLC - Apr 24, 2024 Form 4 Insider Report for CBL & ASSOCIATES PROPERTIES INC (CBL)

Role
10%+ Owner
Signature
/s/ See Signatures Included in Exhibit 99.1
Stock symbol
CBL
Transactions as of
Apr 24, 2024
Transactions value $
-$155,099
Form type
4
Date filed
4/26/2024, 04:58 PM
Previous filing
Nov 23, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CBL Common Stock Sale -$155K -7.13K -100% $21.75 0 Apr 24, 2024 See Footnotes F1, F2, F4
holding CBL Common Stock 4.01M Apr 24, 2024 See Footnotes F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.75 to $21.77. The Reporting Persons undertake to provide to the Issuer, any security holders of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within this range.
F2 The reported securities, which were previously received in a pro rata distribution exempt from reporting pursuant to Rule 16a-9, consisted of shares of Common Stock held by Oaktree Value Opportunities Fund Holdings, L.P. ("VOF Holdings").
F3 Consists of shares of Common Stock held by OCM Xb CBL-E Holdings, LLC ("Xb CBL-E"), inclusive of 21,160 shares of Common Stock received in a pro rata distribution exempt from reporting pursuant to Rule 16a-9.
F4 Oaktree Capital Holdings, LLC (f/k/a Atlas OCM Holdings LLC) ("OCH") is the indirect manager of VOF Holdings, and therefore may be deemed to have indirect beneficial ownership of the shares of Common Stock held by VOF Holdings. Brookfield Oaktree Holdings, LLC (f/k/a Oaktree Capital Group, LLC) ("BOH") is the indirect manager of both VOF Holdings and Xb CBL-E. Oaktree Capital Group Holdings GP, LLC ("OCGH GP") is the indirect owner of the class B units of each of BOH and OCH. Brookfield Corporation ("BN") is the indirect owner of the class A units of each of BOH and OCH. BAM Partners Trust ("BAM Partnership") is the sole owner of Class B Limited Voting Shares of BN. As a result of the foregoing relationships, each of BOH, OCGH GP, BN, and BAM Partnership may be deemed to have indirect beneficial ownership of the shares of Common Stock held by VOF Holdings and Xb CBL-E.