Simon Property Group Director Acquires Common Stock via Dividend Reinvestment

Insider Transaction Overview

On September 30, 2026, Reuben S. Leibowitz, a Director of Simon Property Group, Inc. ($SPG), acquired 480 shares of common stock at a price of $202.78 per share, representing a total transaction value of approximately $97,334.40.

Transaction Nature and Context

• Transaction Code: 'P' (Open market or private purchase).
• Mechanism: As specified in Footnote 1, this acquisition was not a discretionary open-market buy order but represents shares acquired through the automatic reinvestment of dividends paid on restricted stock previously awarded under the Simon Property Group, L.P. 2019 Stock Incentive Plan.
• Ownership Holdings: Following this transaction, Mr. Leibowitz directly owns 56,277 shares of Common Stock. He also maintains indirect beneficial interests totaling 16,900 shares held via his spouse (2,500 shares), the Leibowitz Foundation (10,500 shares), the Maxsim Charitable Remainder Trust (2,500 shares), and other trusts (1,400 shares), for which beneficial ownership is partially disclaimed.

Market Significance

This transaction carries Low predictive significance for investors. Although coded as a purchase ('P'), it constitutes a routine dividend reinvestment rather than a proactive, discretionary capital commitment by the insider.