Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
- Peter Lynch
What is insider trading>>
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
|
CBL & ASSOCIATES PROPERTIES INC (Name of Issuer) |
COMMON STOCK PAR VALUE $0.001 PER SHARE (Title of Class of Securities) |
124830878 (CUSIP Number) |
HOWARD AMSTER 521 35TH ST, WEST PALM BEACH, FL, 33407 2165951047 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) |
08/27/2026 (Date of Event Which Requires Filing of This Statement) |
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the
Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other
provisions of the Act (however, see the Notes).
SCHEDULE 13D
|
| CUSIP No. | 124830878 |
| 1 |
Name of reporting person
Amster Howard | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
 (a)
(b)
| ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
PF | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
UNITED STATES
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
2,406,467.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
7.8 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
IN |
Comment for Type of Reporting Person:
*Mr. Amster is deemed to be the beneficial owner of (i) 1,376,435 shares that are owned directly by Mr. Amster: (ii) 377,366 shares that are owned by Pleasant Lake Corp, Pleasant Lake Apts. Limited Partnership, and Laughlin Holdings, all joint filers, over which Mr. Amster has sole voting and dispositive power; (iii) 414,085 shares that are owned in the aggregate by the trusts jointly filing herewith, over which, as trustee, Mr. Amster has sole voting and dispositive power; (iv) the 4,178 shares that are owned by the Howard M. Amster Foundation over which, Mr. Amster, as President, has sole voting and dispositive power; (v) 5,826 shares that are owned by Amster Limited Partnership, which Mr. Amster, as General Partner has sole voting and dispositive power,(vi) 130,092 shares that are owned by Ramat Securities Ltd. which Mr. Amster, as authorized representative and majority member, has shared voting and diSpositive power, (vii) 4,150 shares owned by NewAx Inc., which Mr. Amster, as a Director, has shared voting and dispositive power, and (viii) 94,335 shares held by Pleasant Lake-Skoien Investments LLC, which Mr. Amster, as President of Pleasant Lake Apartments Corp, the General Partner of Pleasant Lake Apartments LP, which is the Managing Member of Pleasant Lake Skoien LLC, has shared voting and dispositive power. **Denominator is based on the 30,942,757 shares of common stock outstanding as of August 3, 2026 as reported by the Issuer on Form 10-Q filed with the Securities and Exchange Commission on August 7, 2026.
SCHEDULE 13D
|
| CUSIP No. | 124830878 |
| 1 |
Name of reporting person
PLEASANT LAKE SKOIEN INVESTMENTS LLC | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b)
| ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
WC | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
OHIO
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
94,335.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
0.3 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
PN |
Comment for Type of Reporting Person:
*See footnote * to Mr. Amsters cover page. **See footnote ** to Mr. Amsters cover page.
SCHEDULE 13D
|
| CUSIP No. | 124830878 |
| 1 |
Name of reporting person
PLEASANT LAKE APARTMENTS LIMITED PARTNERSHIP | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b)
| ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
WC | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
OHIO
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
257,446.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
0.8 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
PN |
Comment for Type of Reporting Person:
*See footnote * to Mr. Amsters cover page. **See footnote ** to Mr. Amsters cover page.
SCHEDULE 13D
|
| CUSIP No. | 124830878 |
| 1 |
Name of reporting person
HOWARD AMSTER 2019 CHARITABLE REMAINDER UNITRUST #1 U/A DTD 05/20/2019 | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b)
| ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
WC | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
OHIO
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
13,865.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
0.0 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
OO |
Comment for Type of Reporting Person:
*See footnote * to Mr. Amsters cover page. **See footnote ** to Mr. Amsters cover page.
SCHEDULE 13D
|
| CUSIP No. | 124830878 |
| 1 |
Name of reporting person
HOWARD AMSTER 2019 CHARITABLE REMAINDER UNITRUST #7 U/A DTD 05/20/2019 | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b)
| ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
WC | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
OHIO
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
64.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
0.0 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
OO |
Comment for Type of Reporting Person:
*See footnote * to Mr. Amsters cover page. **See footnote ** to Mr. Amsters cover page.
SCHEDULE 13D
|
| CUSIP No. | 124830878 |
| 1 |
Name of reporting person
AMSTER LIMITED PARTNERSHIP | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b)
| ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
WC | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
OHIO
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
5,826.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
0.0 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
PN |
Comment for Type of Reporting Person:
*See footnote * to Mr. Amsters cover page. **See footnote ** to Mr. Amsters cover page.
SCHEDULE 13D
|
| CUSIP No. | 124830878 |
| 1 |
Name of reporting person
HOWARD AMSTER 2021 CHARITABLE REMAINDER UNITRUST #1 U/A DTD 08/10/2021 | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b)
| ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
WC | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
OHIO
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
236.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
0.0 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
OO |
Comment for Type of Reporting Person:
*See footnote * to Mr. Amsters cover page. **See footnote ** to Mr. Amsters cover page.
SCHEDULE 13D
|
| CUSIP No. | 124830878 |
| 1 |
Name of reporting person
LAUGHLIN HOLDINGS LLC | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b)
| ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
WC | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
DELAWARE
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
117,743.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
0.4 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
PN |
Comment for Type of Reporting Person:
*See footnote * to Mr. Amsters cover page. **See footnote ** to Mr. Amsters cover page.
SCHEDULE 13D
|
| CUSIP No. | 124830878 |
| 1 |
Name of reporting person
RAMAT SECURITIES LTD | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b)
| ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
WC | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
OHIO
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
130,092.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
0.4 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
PN |
Comment for Type of Reporting Person:
*See footnote * to Mr. Amsters cover page. **See footnote ** to Mr. Amsters cover page.
SCHEDULE 13D
|
| CUSIP No. | 124830878 |
| 1 |
Name of reporting person
HOWARD AMSTER 2021 CHARITABLE REMAINDER UNITRUST #3 U/A DTD 11/23/2021 | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b)
| ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
WC | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
OHIO
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
204,307.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
| ||||||||
| 14 | Type of Reporting Person (See Instructions)
OO |
Comment for Type of Reporting Person:
*See footnote * to Mr. Amsters cover page. **See footnote ** to Mr. Amsters cover page.
SCHEDULE 13D
|
| CUSIP No. | 124830878 |
| 1 |
Name of reporting person
PLEASANT LAKE APARTMENTS CORP | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b)
| ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
WC | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
OHIO
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
177.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
0.0 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person:
*See footnote * to Mr. Amsters cover page. **See footnote ** to Mr. Amsters cover page.
SCHEDULE 13D
|
| CUSIP No. | 124830878 |
| 1 |
Name of reporting person
HOWARD AMSTER 2022 CHARITABLE REMAINDER UNITRUST #1 U/A DTD 03/09/2022 | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b)
| ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
WC | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
OHIO
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
35,841.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
0.1 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
OO |
Comment for Type of Reporting Person:
*See footnote * to Mr. Amsters cover page. **See footnote ** to Mr. Amsters cover page.
SCHEDULE 13D
|
| CUSIP No. | 124830878 |
| 1 |
Name of reporting person
HOWARD AMSTER FOUNDATION | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b)
| ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
WC | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
OHIO
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
4,178.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
0.0 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
OO, CO |
Comment for Type of Reporting Person:
*See footnote * to Mr. Amsters cover page. **See footnote ** to Mr. Amsters cover page.
SCHEDULE 13D
|
| CUSIP No. | 124830878 |
| 1 |
Name of reporting person
HOWARD AMSTER 2005 CHARITABLE REMAINDER UNITRUST U/A DTD 01/11/2005 | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b)
| ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
WC | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
OHIO
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
159,772.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
0.5 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
OO |
Comment for Type of Reporting Person:
*See footnote * to Mr. Amsters cover page. **See footnote ** to Mr. Amsters cover page.
SCHEDULE 13D
|
| CUSIP No. | 124830878 |
| 1 |
Name of reporting person
NEWAX INC. | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b)
| ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
WC | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
DELAWARE
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
4,150.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
0.0 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person:
*See footnote * to Mr. Amsters cover page. **See footnote ** to Mr. Amsters cover page.
SCHEDULE 13D
|
| Item 1. | Security and Issuer | |
| (a) | Title of Class of Securities:
COMMON STOCK PAR VALUE $0.001 PER SHARE | |
| (b) | Name of Issuer:
CBL & ASSOCIATES PROPERTIES INC | |
| (c) | Address of Issuer's Principal Executive Offices:
2030 HAMILTON PLACE BVLD, SUITE 500, CBL CENTER, CHATTANOOGA,
TENNESSEE
, 37421. | |
Item 1 Comment:
This Amendment No, 2 to Schedule 13D (this Amendment No. 2) amends the Reporting Persons initial Schedule 13D filed on March 14, 2023 (the Initial Schedule 13D), and Amendment 1 filed October 22, 2024 with respect to the shares of CBL & Associates Inc. Common Stock (the Common Stock), a Delaware corporation (the Issuer). Except as specifically amended by this Amendment No. 2 and noted in the paragraph below, the Schedule 13D remains unchanged. Unless otherwise indicated, each capitalized term used but not specifically defined herein shall have the meaning ascribed to such term in the Initial Schedule 13D. | ||
| Item 5. | Interest in Securities of the Issuer | |
| (a) | (a) See Items 11 and 13 of the cover pages of this Schedule 13D, as amended , which Items are incorporated herein by reference, for the aggregate number of shares and percentage of the Common Stock identified pursuant to Item 1 beneficially owned by each of the Reporting Persons. | |
| (b) | (b) See Items 7, 8, 9, and 10 of the cover pages to this Schedule 13D, which Items are incorporated herein by reference, for the aggregate number of shares of the Common Stock beneficially owned by each of the Reporting Persons as to which there is sole or shared power to vote or direct the vote and sole or shared power to dispose or to direct the disposition of such shares of the Common Stock. | |
| (c) | (c) The following table sets forth all transactions with respect to shares of the Common Stock effected during the past sixty (60) days by any of the Reporting Persons, inclusive of any transactions effected through 5:00 p.m., New York City time, on August 27, 2026. All transactions were sales and were conducted on the open market. If the shares were purchased in multiple transactions on a single trading day, the price per share reported is the weighted average price. Trade Date Shares Sold Seller Price Per Share High Low 06/30/26 10,500 Howard Amster 52.85 52.86 52.81 07/06/26 25,900 Howard Amster 53.51 53.68 53.09 07/07/26 42,500 Howard Amster 53.71 54.20 53.20* 07/08/26 8,000 Howard Amster 53.24 53.55 53.00 07/09/26 22,200 Howard Amster 52.35 52.55 52.30 07/10/26 500 Howard Amster 52.10 52.10 52.10 07/13/26 19,150 Howard Amster 52.19 52.65 51.66 07/14/26 15,000 Howard Amster 52.08 52.12 52.00 07/15/26 1,400 Howard Amster 52.71 52.71 52.71 07/16/26 6,600 Howard Amster 53.92 54.00 53.60 07/20/26 24,000 Howard Amster 55.07 55.20 54.79 07/21/26 2,700 Howard Amster 55.20 55.30 55.08 07/22/26 23,400 Howard Amster 55.85 56.14 55.66 07/23/26 4,600 Howard Amster 56.56 56.72 56.00 07/24/26 10,000 Howard Amster 57.02 57.17 56.15* 07/31/26 43,000 Howard Amster 58.32 58.82 58.05 08/25/26 12,000 Howard Amster 55.75 55.88 55.82 08/26/26 17,000 Howard Amster 55.43 55.60 55.34 08/27/26 2,500 Howard Amster 54.89 54.90 55.87 *Filer will furnish the Commission (upon request) with full details of number of shares sold at each separate price | |
| (d) | (d) Other than the Reporting Persons, no other person is known by the Reporting Persons to have the right to receive or direct the receipt of dividends from, or the proceeds from the sale of the shares of the shares of the CBL Common Stock of the Issuer beneficially owned by the reporting persons | |
| (e) | (e) Not Applicable. (SIGNATURE PAGE FOLLOWS) | |
| SIGNATURE | |
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
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