MARCUS JOEL S 4

What Happened Marcus Joel S, Executive Chairman and Director of Alexandria Real Estate Equities (ARE), recorded two dispositions to the issuer that represent the forfeiture of a portion of a previously reported restricted stock award. On 2026-01-22 he forfeited 14,671 shares and on 2026-01-23 he forfeited 35,075 shares. Both dispositions show a per-share price of $0.00, so no cash was received (total value $0).

Key Details

• Transaction type: Disposition to issuer (D) — forfeiture of restricted stock (footnote F1).
• Dates and amounts: 2026-01-22 — 14,671 shares @ $0.00; 2026-01-23 — 35,075 shares @ $0.00. Total forfeited: 49,746 shares; total proceeds $0.
• Shares owned after transaction: Not disclosed in this filing.
• Filing: Form 4 filed 2026-01-26; appears to be filed within required Form 4 timelines (timely).
• Footnote: F1 explicitly states these entries “represent the forfeiture of a portion of a restricted stock award previously reported.”

Context A forfeiture of restricted stock typically reflects vesting or other award conditions not being met (or other contractual adjustments); it is an administrative disposition back to the issuer and not an open-market sale. Such forfeitures do not provide a buy/sell signal about the insider’s view of the stock — purchases are generally more informative for investor sentiment.