Monitor for any upcoming 8-K or press release that could explain the CEO's concentrated selling. The absence of a 10b5-1 plan elevates the signal, but CBL's historical insider-read accuracy is weak — treat as a cautionary flag, not a definitive sell signal.
Price Chart
Executive Summary
CEO Stephen Lebovitz sold $2.64M in open-market sales over a 7-day window, with no indication of a 10b5-1 plan. The total value represents ~0.8% of CBL's $326M market cap, a significant insider sale by a top executive.
Key Financial Metrics
Key Facts
- CEO Stephen Lebovitz sold 50,000 shares total ($2.64M) on 2026-09-16 in two open-market transactions.
- EVP Joseph Khalili sold 6,867 shares ($367K) on 2026-09-22, also open-market.
- Total insider sales of $2.64M represent ~0.8% of CBL's $326M market cap.
- No 10b5-1 plan or regular pattern is indicated; sales are concentrated and CEO-led.
Financial Impact
CEO sold ~0.8% of market cap in open-market sales; no company financial impact.
Risk Factors
- CEO selling may indicate private concerns about near-term performance or valuation.
- Insider sales can be liquidity-driven; without a 10b5-1 plan, the signal is stronger but still ambiguous.
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-CBL-1790231370882 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 8, 2026 17d ago | SC 13D/A | $48.51 | awaiting T+20 | — | $49.86 (+2.78%) |
Oct 6, 2026 19d ago | 144 | $48.54 | awaiting T+20 | — | $49.86 (−2.72%) |
Sep 25, 2026 4w ago | Insider Cluster | $51.91 $49.91 | ▲ +3.85% | ▲ +2.38% | $49.86 (+3.95%) |
Sep 23, 2026 4w ago | Insider Cluster | $52.31 $49.83 | ▲ +4.74% | ▲ +4.32% | $49.86 (+4.68%) |
Aug 7, 2026 11w ago | 8-K | $56.55 $54.98 | ▼ −2.78% | ▼ −2.38% | $49.86 (−11.83%) |
Jun 17, 2026 18w ago | S-3ASR | $47.24 $54.22 | ▲ +14.78% | ▲ +13.46% | $49.86 (+5.55%) |
Jun 11, 2026 19w ago | Institutional Cluster | $49.75 $52.19 | ▲ +4.90% | ▲ +3.01% | $49.86 (+0.22%) |
May 8, 2026 24w ago | 8-K | $47.35 $48.43 | ▲ +2.28% | ▲ +2.26% | $49.86 (+5.30%) |
US Market Status
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