We report here the synthesis of two novel subporphyrins (SubPs), in which the macrocycle has been functionalized at its meso (1) or axial (2) position with tetracyanobuta-1,3-diene (TCBD)-aniline. In-depth spectroscopic, spectrometric, and electrochemical analyses were carried out with both of them, whose molecular structures were determined by single-crystal X-ray diffraction studies. In the case of 2, its R-a and S-a enantiomers were separable by chiral HPLC and presented a fairly good configurational stability at room temperature, which enabled determining the activation parameters for the thermally induced racemization. Conversely, the enantiomers' separation was unfeasible for 1 due to the conformational and/or configurational dynamics of the TCBD-aniline, a structural "flexibility" that could be drastically reduced at low temperatures. The physicochemical impact of placing the TCBD-aniline at either the axial or peripheral positions of SubPs is also rather significant. The HOMO-LUMO gap is reduced by as much as 0.35 eV in SubP-(TCBD-aniline)(meso) 1 (1.77 eV) and, in turn, enables an emissive charge-transfer (CT) state in virtually all environments. It is only in polar environments, where it links a local excitation with an indirect charge separation. In contrast, a much larger HOMO-LUMO gap of 2.12 eV in SubP-(TCBD-aniline)(axial) 2 disables an emissive CT state and enforces either an exciplex deactivation in apolar environments or a direct charge separation in polar environments.