Insider trade

Director purchased ~$90K of SPG shares in the open market

Traded Mar 31, 2026 · Filed Apr 1, 2026

~$90K
Reported value · 491 sh @ $183.80: 54K
Holds after · shares reported: +7.7%
stock since the trade · S&P 500 +17.5%, $186.53 → $200.81 on Oct 1

Reuben S Leibowitz, Director's past purchases, 90 days after disclosure: 3 buys, median +4.5% vs S&P 500, beat it 2 of 3 times. Past results, not a forecast.

Why it stands out

A board member of Simon Property Group spent $90K of their very own money to buy Simon Property Group shares. 9 other people at Simon Property Group bought some too, in the same month.

Written from the filing's own figures. OQRO describes what was reported and never tells you what to buy or sell

View the official recordSEC Form 4 — Statement of Changes in Beneficial Ownership

All the details

Dates, kept separate

Transaction date: Mar 31, 2026
Reporting period: Not applicable
Filed with the SEC: Apr 1, 2026

Director$25K–$100KHoldings +1%10 insiders bought in 30dLargest by this insider

Context

Classification

open market purchase

Code P — open-market or private purchase

Absolute commitment

~$90,246

Shares × reported transaction price

Size band

$25K–$100K

Ownership change

+0.9%

Purchase shares ÷ estimated pre-transaction holdings, from the filing

Rarity

First purchase in 3 months

Confirmed open-market purchases by the same insider in the available history

Largest by this insider

Yes

Compared with 1 earlier confirmed purchase

Cluster activity

10 distinct insiders in 30 days

Distinct insiders at the same issuer with confirmed open-market purchases

Timing vs results

57 days after results of Feb 2, 2026, 41 days before results of May 11, 2026

Results dates are the company's own 8-K (Item 2.02). Many companies only let insiders trade in a window after results

Price at the time

Closed at $186.53 on Mar 31, 2026, 33% above its 52-week low and 9% below its high, after an 8% drop over the previous 30 trading days

52-week range $140.37 (Apr 8, 2025) to $203.85 (Feb 27, 2026), 73% of the way up, from 251 adjusted closes. 30 trading days earlier: $202.01 on Feb 17, 2026. Describes the past only, not a forecast

Planned / mechanical clue

None found in footnotes

Only flagged when a footnote says so; never inferred

After it was reported

After	Stock	S&P 500	Difference
7 days	+5.5%	+3.7%	+1.8%
30 days	+6.8%	+9.5%	-2.7%
90 days	+18.2%	+13.7%	+4.5%
180 days	+8.3%	+16.5%	-8.3%

Past results only. Not a forecast.

Source receipt

Record ID: 0001210982-26-000004
Filed / recorded: Apr 1, 2026, 11:46 PM UTC
Added to OQRO: Oct 2, 2026, 12:28 PM UTC
Parser: form4-xml-v1
Data quality: Verified: identifiers matched exactly
Issuer: SIMON PROPERTY GROUP INC.
Issuer CIK: 1063761
Ticker: SPG
Reporting person: Reuben S Leibowitz
Relationship: Director
Security: Common Stock
Table: Non-derivative (Table I)
Transaction date: Mar 31, 2026
Transaction code: P
Shares / units: 491
Price per share: $183.80
Acquired / disposed: Acquired (A)
Shares owned after: 54,130
Ownership form: Direct
Amendment: No

Footnotes from the filing

Represents shares of common stock acquired through the reinvestment of dividends received on restricted stock awarded to the Reporting Person as non-cash compensation under the Simon Property Group, L.P. 2019 Stock Incentive Plan.

Around the same time

6mo ago

1,156Shares · @ $186.53

Routine share withholding; mechanical by default.

Why it stands out Official record

6mo ago

391Shares · @ $186.53

Routine share withholding; mechanical by default.

Why it stands out Official record

6mo ago

1,361Shares

Compensation award — excluded from discretionary-purchase analysis.

Why it stands out Official record

Reuben S Leibowitz, Director's past purchases, 90 days after disclosure: 3 buys, median +4.5% vs S&P 500, beat it 2 of 3 times. Past results, not a forecast.