RADY ERNEST S 4/A

What Happened
Ernest S. Rady, reported as a 10% owner of American Assets Trust (AAT), purchased a total of 79,386 AAT shares in three open‑market transactions between Feb 20 and Feb 24, 2026. The buys were: 3,528 shares at $19.37 ($68,337) on Feb 20; 50,000 shares at $19.50 ($975,000) on Feb 23; and 25,858 shares at $19.28 ($498,542) on Feb 24. Total consideration for these purchases was approximately $1.54 million. These were purchases (code P), which retail investors often treat as a more bullish signal than sales.

Key Details

• Transaction dates and prices:
  • 2026-02-20: 3,528 shares @ $19.37 = $68,337
  • 2026-02-23: 50,000 shares @ $19.50 = $975,000
  • 2026-02-24: 25,858 shares @ $19.28 = $498,542
• Total acquired: 79,386 shares for ~$1,541,879.
• Ownership after transaction: not specified in the supplied filing details.
• Footnotes of note:
  • F1, F7, F8, F3–F6 indicate many shares are held by trusts and entities Rady controls (Ernest Rady Trust, Evelyn Shirley Rady Trust, Ernest Rady IRA, American Assets, Inc., Insurance Company of the West, Rady Foundation, Explorer Insurance Company). Rady disclaims beneficial ownership of those shares except to the extent of his pecuniary interest.
  • F2: This filing is an amendment correcting a scrivener's error — the Feb 24 purchase was 25,858 shares (previously reported as 28,858).
• Filing timeliness: Form 4 was filed on Feb 26, 2026. Since Section 16 filings generally must be made within two business days of the transaction, the Feb 20 trade was reported more than two business days later; the filing is marked as an amendment correcting earlier reporting.

Context

• These purchases were open‑market buy transactions (code P) rather than option exercises, gifts, or awards. For a 10% owner like Rady, trades often reflect purchases through controlled entities and trusts rather than ordinary employee trades. The amendment suggests a correction to the previously reported quantity, not a change in the underlying economic activity.