MARCUS JOEL S 4

What Happened

• Joel S. Marcus, Executive Chairman and Director of Alexandria Real Estate Equities, Inc. (ARE), purchased a total of 7,500 shares in three open-market transactions on May 5, 2026. The reported trades were: 2,062 shares at $41.89 ($86,377), 3,832 shares at $42.76 ($163,856), and 1,606 shares at $43.70 ($70,182), for an aggregate cost of about $320,415. These were purchases (code P) — insider buys are often viewed positively by investors but do not disclose motive.

Key Details

• Transaction date: May 5, 2026 (Form 4 filed May 6, 2026 — appears timely).
• Reported lots/prices: 2,062 @ $41.89; 3,832 @ $42.76; 1,606 @ $43.70 (total 7,500 shares; total ~$320,415).
• Footnotes: Lot price ranges provided — F1: $41.36–$42.36; F2: $42.38–$43.35; F3: $43.41–$43.97. The reporting person says they will provide, upon request, the breakdown of shares purchased at each separate price.
• Shares owned after transaction: Not specified in the excerpt provided.
• Transaction code: P = Purchase (open-market acquisition).

Context

• These were straightforward open-market purchases (not option exercises, gifts, or tax-withholding events). As an executive insider, purchases like this can be interpreted by some investors as a sign of confidence in the company, but the filing provides no explanation of motive.