JOHN RULLI - 31 Dec 2022 Form 4 Insider Report for SIMON PROPERTY GROUP INC /DE/ (SPG)

Role: CHIEF ADMINISTRATIVE OFFICER
Signature: /s/ John Rulli by his attorney-in-fact, Alexander L.W. Snyder
Issuer symbol: SPG
Transactions as of: 31 Dec 2022
Net transactions value: -$202,888
Form type: 4
Filing time: 04 Jan 2023, 17:27:56 UTC
Previous filing: 15 Mar 2022
Next filing: 03 Mar 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SPG	Common Stock	Gift	$0	-8,130	-100%	$0.000000^*	0	31 Dec 2022	By Rulli GRAT	F1
transaction	SPG	Common Stock	Options Exercise		+5,793	+17%		39,531	01 Jan 2023	Direct	F2
transaction	SPG	Common Stock	Tax liability	$202,888	-1,727	-4.4%	$117.48	37,804	03 Jan 2023	Direct
holding	SPG	Common Stock						1,708	31 Dec 2022	401 (K) Plan	F3

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	Restricted Stock Units	Options Exercise	$0	-5,793	-50%	$0.000000	5,793	01 Jan 2023	Common Stock	5,793		Direct	F2

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

Explanation of Responses:

Id	Content
F1	The Reporting Person disclaims beneficial ownership of these securities and the inclusion of these shares in the report shall not be deemed an admission of beneficial ownership of the reported shares for purposes of Section 16 or for any other purpose.
F2	Each Restricted Stock Unit ("RSU") represents the contingent right to receive, at settlement, one share of common stock of Simon Property Group, Inc. This transaction represents the settlement of RSUs that vested on January 1, 2023.
F3	Includes 106 shares of common stock acquired pursuant to the Issuer's dividend reinvestment plan since the Form 4 filed by the Reporting Person on January 4, 2022.