(SPG)

Role: CEO/CHAIRMAN/PRESIDENT, Director
Signature: /s/ David Simon by his attorney-in-fact, Steven E. Fivel
Stock symbol: SPG
Transactions as of: Aug 29, 2024
Transactions value $: $70,168
Form type: 4
Date filed: 8/30/2024, 11:13 AM
Previous filing: Jul 3, 2024

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	LTIP Units	Award	$70.2K	+281K	+29.08%	$0.25	1.25M	Aug 29, 2024	Common Stock	281K		Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Represents long-term incentive performance ("LTIP") units of Simon Property Group, L.P. (the "Operating Partnership"), of which Simon Property Group, Inc. (the "Company") is the general partner, issued as long-term incentive compensation under the Company's Amended and Restated Other Platform Investment Incentive Program established pursuant to the Operating Partnership's 2019 Stock Incentive Plan (the "Plan"), in compliance with Rule 16b-3. When earned and vested, each LTIP unit may be converted into a unit of limited partnership interest ("Partnership Unit"). Each Partnership Unit may be exchanged for a share of the Company's common stock, or cash, as selected by the Company.
F2	The LTIP units vest in five substantially equal annual installments beginning on August 29, 2025, subject to a continued service requirement, or may vest earlier upon the Reporting Person's death or disability, upon a change of control of the Issuer where the LTIP units were not assumed, or upon certain terminations following a change of control of the Company, in each case as described in the award agreement.

Content

Represents long-term incentive performance ("LTIP") units of Simon Property Group, L.P. (the "Operating Partnership"), of which Simon Property Group, Inc. (the "Company") is the general partner, issued as long-term incentive compensation under the Company's Amended and Restated Other Platform Investment Incentive Program established pursuant to the Operating Partnership's 2019 Stock Incentive Plan (the "Plan"), in compliance with Rule 16b-3. When earned and vested, each LTIP unit may be converted into a unit of limited partnership interest ("Partnership Unit"). Each Partnership Unit may be exchanged for a share of the Company's common stock, or cash, as selected by the Company.

The LTIP units vest in five substantially equal annual installments beginning on August 29, 2025, subject to a continued service requirement, or may vest earlier upon the Reporting Person's death or disability, upon a change of control of the Issuer where the LTIP units were not assumed, or upon certain terminations following a change of control of the Company, in each case as described in the award agreement.