Oaktree Capital Group Holdings GP, LLC sold CBL

April 24, 2024 · Form 4 insider transaction

Oaktree Capital Group Holdings GP, LLC sold 7,131 shares of CBL & Associates Properties, Inc. at $21.75 per share, a transaction worth $155.1K. The trade was recorded as open-market sale and disclosed on an SEC Form 4, filed 2 days after the transaction.

Direction
Disposed (sell-side)
Shares
7,131
Price
$21.75
Total value
$155.1K
Role10% owner
SecurityCommon Stock
Transaction codeS: Open-market sale
Transaction dateApril 24, 2024
Filing dateApril 26, 2024
Shares owned after0
OwnershipIndirect
10b5-1 planNo
AmendedNo

Footnotes

The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.75 to $21.77. The Reporting Persons undertake to provide to the Issuer, any security holders of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within this range.; The reported securities, which were previously received in a pro rata distribution exempt from reporting pursuant to Rule 16a-9, consisted of shares of Common Stock held by Oaktree Value Opportunities Fund Holdings, L.P. ("VOF Holdings").; Oaktree Capital Holdings, LLC (f/k/a Atlas OCM Holdings LLC) ("OCH") is the indirect manager of VOF Holdings, and therefore may be deemed to have indirect beneficial ownership of the shares of Common Stock held by VOF Holdings. Brookfield Oaktree Holdings, LLC (f/k/a Oaktree Capital Group, LLC) ("BOH") is the indirect manager of both VOF Holdings and Xb CBL-E. Oaktree Capital Group Holdings GP, LLC ("OCGH GP") is the indirect owner of the class B units of each of BOH and OCH. Brookfield Corporation ("BN") is the indirect owner of the class A units of each of BOH and OCH. BAM Partners Trust ("BAM Partnership") is the sole owner of Class B Limited Voting Shares of BN. As a result of the foregoing relationships, each of BOH, OCGH GP, BN, and BAM Partnership may be deemed to have indirect beneficial ownership of the shares of Common Stock held by VOF Holdings and Xb CBL-E.

View the original Form 4 on SEC EDGAR