RADY ERNEST S 4

What Happened Ernest S. Rady, identified as a 10% owner of American Assets Trust (AAT), made three purchases of AAT common stock in open-market or private transactions: 80,000 shares at $22.56 on 2026-05-27 ($1,804,800); 16,337 shares at $22.96 on 2026-05-28 ($375,098); and 10,000 shares at $23.59 on 2026-05-29 ($235,900). Total acquired across these transactions was 106,337 shares for approximately $2,415,798. These were purchases (reported with code P).

Key Details

• Transaction dates and prices:
  • 2026-05-27: 80,000 shares @ $22.56 = $1,804,800
  • 2026-05-28: 16,337 shares @ $22.96 = $375,098
  • 2026-05-29: 10,000 shares @ $23.59 = $235,900
• Total acquired: 106,337 shares for ~$2,415,798.
• Shares owned after transaction: not specified in the provided filing details.
• Footnotes: Shares are held across entities/trusts (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). The reporting person is trustee or controls these entities and disclaims beneficial ownership except to the extent of any pecuniary interest (F1–F7).
• Timeliness: Form 4 was filed 2026-05-29 for transactions dated May 27–29, 2026; no late filing indicator was reported.

Context

• Transaction code P = Purchase (open-market or private purchase). Purchases by insiders or large owners are often watched as potentially more informative than routine sales, but do not by themselves indicate a specific motive.
• As a 10% owner and controller of affiliated entities/trusts, these trades reflect purchases by an affiliate with related-party holdings rather than typical executive compensation transactions.