RADY ERNEST S 4

What Happened Ernest S. Rady, a reported 10% owner of American Assets Trust (AAT), made open-market purchases of AAT common stock on Feb 17–19, 2026. The transactions were: 1,968 shares at $18.53 on Feb 17 ($36,467); 100,000 shares at $18.81 on Feb 18 ($1,881,000); and 57,898 shares at $18.83 on Feb 19 ($1,090,219). Total purchased = 159,866 shares for approximately $3,007,686. These were purchases (buying shares), which some investors view as a more informative signal than routine sales.

Key Details

• Transaction dates and prices:
  • 2026-02-17: 1,968 shares @ $18.53 = $36,467
  • 2026-02-18: 100,000 shares @ $18.81 = $1,881,000
  • 2026-02-19: 57,898 shares @ $18.83 = $1,090,219
• Aggregate: 159,866 shares purchased for ~ $3.01M.
• Filing: Form 4 filed 2026-02-19, reporting period beginning 2026-02-17 — appears to be filed timely.
• Shares owned after transaction: Not specified in the data you provided (the Form 4 text you gave does not list total shares owned following these transactions).
• Footnotes: Holdings are held through controlled entities and trusts (Ernest Rady Trust, American Assets, Inc., Insurance Company of the West, Rady Foundation, Explorer Insurance Co., Evelyn Shirley Rady Trust, and Ernest Rady IRA). The reporting person disclaims beneficial ownership of those shares except to the extent of his pecuniary interest (see F1–F7).
• Transaction code: P = Purchase (open market or private purchase).

Context

• As a 10% owner, Rady is a significant shareholder and many of the holdings are held via trusts and entities he controls; this differs from an insider executive trading solely in a personal account.
• Purchases are factual indications of buying activity but do not reveal motive (e.g., long-term buy, portfolio allocation, or entity-level transactions). There is no indication here of option exercises, gifts, or a 10b5-1 plan in the provided filing.