MARCUS JOEL S 4

What Happened
Joel S. Marcus, Executive Chairman and a director of Alexandria Real Estate Equities, Inc. (ARE), made an open-market purchase of 10,000 shares on 2026-05-04. The Form 4 reports an acquisition at $41.02 per share for a reported total of $410,200. A filing footnote clarifies the shares were bought at prices ranging from $40.64 to $41.58; the filer will provide a breakdown of the number purchased at each price on request.

Key Details

• Transaction type: Open market purchase (code P).
• Transaction date: 2026-05-04; Form 4 filed 2026-05-05 (timely).
• Reported price/value: $41.02 per share (reported), reported aggregate $410,200; actual trades ranged $40.64–$41.58 (see footnote).
• Shares owned after transaction: not stated in the provided filing excerpt.
• Footnote: F1 — purchaser will supply the number of shares bought at each specific price upon request.
• No 10b5-1 plan, option exercise, gift, or tax-withholding noted in this report.

Context
This was a straightforward open-market purchase by an insider. Purchases by executives can be interpreted by investors as a positive signal (management buying company stock), but the filing itself does not disclose motivation. The filing appears timely (reported the next day).