MICHAEL A. TORRES - 17 Nov 2025 Form 4 Insider Report for CBL & ASSOCIATES PROPERTIES INC (CBL)

Role: Director
Signature: /s/ Jeffery V. Curry, attorney-in-fact for Michael A. Torres
Issuer symbol: CBL
Transactions as of: 17 Nov 2025
Net transactions value: +$127,375
Form type: 4
Filing time: 19 Nov 2025, 17:13:24 UTC
Previous filing: 17 Dec 2024
Next filing: 17 Dec 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
TORRES MICHAEL A	Director	C/O CBL PROPERTIES, 2030 HAMILTON PLC BLVD, CBL CTR, STE 500, CHATTANOOGA	/s/ Jeffery V. Curry, attorney-in-fact for Michael A. Torres	19 Nov 2025	0001203062

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CBL	Common Stock	Purchase	$47,625	+1,500		$31.75	1,500	17 Nov 2025	By trust	F1
transaction	CBL	Common Stock	Purchase	$79,750	+2,500	+167%	$31.90	4,000	17 Nov 2025	By trust	F1
holding	CBL	Common Stock						9,232	17 Nov 2025	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These shares are held in a charitable remainder trust of which the reporting person is the sole non-charitable beneficiary. The reporting person disclaims beneficial ownership of the shares except to the extent of his pecuniary interest therein.