John Rulli - Dec 31, 2022 Form 4 Insider Report for SIMON PROPERTY GROUP INC /DE/ (SPG)

Role: CHIEF ADMINISTRATIVE OFFICER
Signature: /s/ John Rulli by his attorney-in-fact, Alexander L.W. Snyder
Stock symbol: SPG
Transactions as of: Dec 31, 2022
Transactions value $: -$202,888
Form type: 4
Date filed: 1/4/2023, 05:27 PM
Previous filing: Mar 15, 2022
Next filing: Mar 3, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SPG	Common Stock	Gift	$0	-8.13K	-100%	$0.00^*	0	Dec 31, 2022	By Rulli GRAT	F1
transaction	SPG	Common Stock	Options Exercise		+5.79K	+17.17%		39.5K	Jan 1, 2023	Direct	F2
transaction	SPG	Common Stock	Tax liability	-$203K	-1.73K	-4.37%	$117.48	37.8K	Jan 3, 2023	Direct
holding	SPG	Common Stock						1.71K	Dec 31, 2022	401 (K) Plan	F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	SPG	Restricted Stock Units	Options Exercise	$0	-5.79K	-50%	$0.00	5.79K	Jan 1, 2023	Common Stock	5.79K		Direct	F2

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

Explanation of Responses:

Id	Content
F1	The Reporting Person disclaims beneficial ownership of these securities and the inclusion of these shares in the report shall not be deemed an admission of beneficial ownership of the reported shares for purposes of Section 16 or for any other purpose.
F2	Each Restricted Stock Unit ("RSU") represents the contingent right to receive, at settlement, one share of common stock of Simon Property Group, Inc. This transaction represents the settlement of RSUs that vested on January 1, 2023.
F3	Includes 106 shares of common stock acquired pursuant to the Issuer's dividend reinvestment plan since the Form 4 filed by the Reporting Person on January 4, 2022.