RADY ERNEST S 4

What Happened
Ernest S. Rady, a reported 10% owner of American Assets Trust, Inc. (AAT), purchased 10,000 shares of AAT on 2026-06-01 at $23.40 per share, a total transaction value of $234,000. The Form 4 lists the purchase as code "P" (open market or private purchase).

Key Details

• Transaction date and price: 2026-06-01 — 10,000 shares @ $23.40 each = $234,000.
• Filing: Report filed 2026-06-03 (period of report 2026-06-01); filing appears timely.
• Shares owned after transaction: Not specified in the filing.
• Footnotes: Several footnotes (F1–F7) state shares are held in entities/trusts the Reporting Person controls or is trustee of (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 disclaims beneficial ownership of those shares except to the extent of his pecuniary interest.
• Transaction code: P = Purchase (open market or private purchase).

Context

• Purchases by large shareholders (10% owners) can signal confidence but are institutional/ownership moves rather than routine executive trading; they do not, by themselves, explain intent.
• This was a direct share purchase (not an option exercise, gift, or award), so there was no immediate sale reported.