RADY ERNEST S 4
4 · American Assets Trust, Inc. · Filed May 21, 2026
Research Summary
AI-generated summary of this filing
American Assets Trust (AAT) 10% Owner Ernest Rady Buys Shares
What Happened
Ernest S. Rady, a reported 10% owner of American Assets Trust (AAT), made multiple open-market purchases of AAT common stock between May 19 and May 21, 2026. He acquired 17,319 shares on 2026-05-19 at $21.15 ($366,297), 4,880 shares on 2026-05-20 at $21.32 ($104,042), and 56,656 shares on 2026-05-21 at $21.70 ($1,229,435), for a total of 78,855 shares purchased at an aggregate cost of approximately $1,699,774. These were purchases (code P) — purchases are often viewed as more informative than sales but do not prove intent.
Key Details
- Transaction dates and prices:
- 2026-05-19: 17,319 shares @ $21.15 = $366,297
- 2026-05-20: 4,880 shares @ $21.32 = $104,042
- 2026-05-21: 56,656 shares @ $21.70 = $1,229,435
- Total: 78,855 shares for ~$1,699,774.
- Shares owned after transaction: not specified in this Form 4 (filing lists holdings by various trusts/entities but does not state a total beneficial ownership post-purchase).
- Footnotes: Shares are held across entities and trusts associated with Rady (Ernest Rady Trust U/D/T March 10, 1983; American Assets, Inc.; Insurance Company of the West; Rady Foundation; Evelyn Shirley Rady Trust; Explorer Insurance Company; and an Ernest Rady IRA). The reporting person disclaims beneficial ownership of those shares except to the extent of his pecuniary interest.
- Filing timeliness: Form filed 2026-05-21 covering trades through 2026-05-21; no late filing flag indicated.
Context
These were straightforward open-market purchases by a 10% owner (institutional/majority holder status), not option exercises, gifts, or awards. For retail investors, purchases by large shareholders can signal confidence but should be weighed with other company and market information; the footnotes indicate many shares are held via trusts and controlled entities, which is common for large holders and may reflect estate or institutional ownership rather than direct personal trading.
Insider Transaction Report
- Purchase
Common Stock, par value $0.01
[F1]2026-05-19$21.15/sh+17,319$366,297→ 8,200,652 total(indirect: By ERT) - Purchase
Common Stock, par value $0.01
[F1]2026-05-20$21.32/sh+4,880$104,042→ 8,205,532 total(indirect: By ERT) - Purchase
Common Stock, par value $0.01
[F1]2026-05-21$21.70/sh+56,656$1,229,435→ 8,262,188 total(indirect: By ERT)
- 2,267,022(indirect: By AAI)
Common Stock, par value $0.01
[F2] - 1,275,336(indirect: By ICW)
Common Stock, par value $0.01
[F3] - 1,209,021(indirect: By RF)
Common Stock, par value $0.01
[F4] - 102,859(indirect: By ESRT)
Common Stock, par value $0.01
[F5] - 200,000(indirect: By EIC)
Common Stock, par value $0.01
[F6] - 66,680
Common Stock, par value $0.01
[F7]
Footnotes (7)
- [F1]Represents shares held by Ernest Rady Trust U/D/T March 10, 1983 ("ERT"), for which the Reporting Person is the trustee. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.
- [F2]Represents shares held by American Assets, Inc. ("AAI"), which is directly controlled by the Reporting Person. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.
- [F3]Represents shares held by Insurance Company of the West ("ICW"), which is directly controlled by the Reporting Person. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.
- [F4]Represents shares held by Rady Foundation ("RF"), which is directly controlled by the Reporting Person. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.
- [F5]Represents shares held by Evelyn Shirley Rady Trust U/D/T March 10, 1983 ("ESRT"), for which the Reporting Person is the trustee. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.
- [F6]Represents shares held by Explorer Insurance Company ("EIC"), which is directly controlled by the Reporting Person. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.
- [F7]Represents shares held by Ernest Rady IRA.