RADY ERNEST S 4

What Happened

• Ernest S. Rady, a reported 10% owner of American Assets Trust (AAT), acquired 10,000 shares via an open-market purchase on May 22, 2026. The shares were bought at $22.67 per share for a total cost of $226,700. This was a purchase (acquisition), which is generally considered a more informative signal to investors than routine sales.

Key Details

• Transaction date: 2026-05-22 (Report filed the same date).
• Transaction type/code: Open-market purchase (P).
• Price and size: 10,000 shares at $22.67 each; total value $226,700.
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Footnotes of note: Holdings are reported across several trusts and entities for which Mr. Rady is trustee or controller (Ernest Rady Trust, American Assets, Inc., Insurance Company of the West, Rady Foundation, Explorer Insurance Company, Evelyn Shirley Rady Trust, and an Ernest Rady IRA). In each case he disclaims beneficial ownership except to the extent of his pecuniary interest.
• Filing timeliness: Filed for the same day as the transaction period (no late filing indicated in the provided information).

Context

• As a 10% owner (not necessarily an officer/employee trading decision), these purchases reflect personal or affiliated-entity buying but do not, by themselves, reveal motive.
• There is no indication of an options exercise, gift, 10b5-1 plan, or tax-withholding event in the disclosed transaction. Retail investors should consider this purchase alongside other insider activity and company fundamentals.