Stephen D. Lebovitz, CEO of CBL & Associates (NYSE: CBL), has demonstrated a clear selling bias in recent years, with $8.43 million in total sales outweighing $7.06 million in purchases across 26 reported transactions. His activity has been concentrated exclusively in CBL shares, with no trades in other companies. The most significant disposals occurred in early 2024, including a $877,120 sale on February 28 and a $612,068 transaction on March 13, part of a broader pattern that saw him liquidate over $2.7 million worth of shares between late February and mid-March 2024.
More recently, Lebovitz’s transactions have shifted to smaller dispositions, with sales of $131,278 and $70,646 on February 17, 2026, following a $1.8 million sale on February 11 of the same year. While some acquisitions were recorded—notably a $2.54 million purchase in February 2024—the overall trend leans toward divestment. The absence of any buys in the past two years, coupled with consistent selling activity, suggests a gradual reduction in his CBL holdings. The transactions appear methodical rather than abrupt, with no single massive liquidation but rather a steady stream of mid-sized sales.
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