RADY ERNEST S 4

What Happened
Ernest S. Rady, a reported 10% owner of American Assets Trust (AAT), purchased 10,000 shares in an open-market/private purchase on June 15, 2026 at $24.21 per share, for a total of $242,100. This was a straight purchase (transaction code P), which is generally viewed as a more informative (bullish) insider action than a routine sale.

Key Details

• Transaction date: 2026-06-15; Price: $24.21 per share; Shares acquired: 10,000; Total value: $242,100.
• Transaction type: Purchase (open market or private purchase, code P).
• Shares owned after transaction: Not specified in the provided filing.
• Filing timeliness: Filing date matches the transaction date provided; no late filing indicated.
• Notable footnotes: Several holdings are reported as held by trusts and entities controlled by Mr. Rady (Ernest Rady Trust U/D/T March 10, 1983; American Assets, Inc.; Insurance Company of the West; Rady Foundation; Explorer Insurance Company; Evelyn Shirley Rady Trust U/D/T March 10, 1983; and Ernest Rady IRA). The reporting person disclaims beneficial ownership of those entity-held shares except to the extent of his pecuniary interest.

Context
As a 10% owner (large shareholder), Rady’s purchase reflects an insider/institutional-level buy rather than routine executive trading. The filing shows a straightforward share purchase—no options exercise, awards, or gifts were involved.