Major Shareholder Howard Amster Sold 290,950 Shares Over Two Months
CBL sits 96% above its 52-week low of $28.035 on light trading volume (0.2× avg).
Summary
Howard Amster, a 7.8% beneficial owner of CBL & Associates Properties, sold 290,950 shares over a two-month period for approximately $15.9 million, reducing his stake through a series of open-market transactions.
Key Events · Ownership and Investor Activity · CBL
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Major Shareholder Sold 290,950 Shares
Howard Amster sold 290,950 shares of CBL common stock between June 30 and August 27, 2026, at prices ranging from $52.10 to $58.82 per share.
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Approximately $15.9M in Proceeds
The 19 separate open-market sale transactions generated approximately $15.9 million in proceeds based on the reported weighted-average prices.
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Stake Reduced to 7.8%
Amster's aggregate beneficial ownership now stands at 2,406,467 shares, representing 7.8% of the class, based on 30,942,757 shares outstanding as of August 3, 2026.
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Sustained Selling Pattern
The sales were executed across 19 separate transactions over a two-month period, indicating a deliberate and sustained reduction in exposure rather than a one-off liquidity event.
Analysis · CBL · Real Estate & Construction
Howard Amster, a 7.8% beneficial owner of CBL & Associates Properties, sold 290,950 shares between June 30 and August 27, 2026, at prices ranging from $52.10 to $58.82 per share. The sales total approximately $15.9 million based on the reported weighted-average prices. This is a significant distribution by a long-standing holder, and it comes against a backdrop of recent insider selling by company officers, including COO Kathryn Reinsmidt's $1.0 million sale in August. The sales were executed across 19 separate transactions, indicating a deliberate and sustained reduction in exposure rather than a one-off liquidity event.
How filings like this one have moved
In the 30 days to Sep 14, 2026, 29.9% of the 1591 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.24%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, CBL was trading at $55.03 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $1.7B. The 52-week trading range was $28.04 to $60.40. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.