American Assets Trust (AAT) 10% Owner Ernest Rady Buys Stock

What Happened
Ernest S. Rady, reported as a 10% owner of American Assets Trust (AAT), made open-market purchases of AAT common stock on Aug 5 and Aug 7, 2026. He bought 3,000 shares at $23.04 on 2026-08-05 (≈ $69,120) and 32,763 shares at $22.82 on 2026-08-07 (≈ $747,652), for a total of 35,763 shares purchased for roughly $816,800. These were purchases (code P), not sales.

Key Details

• Transaction dates and prices:
  • 2026-08-05: 3,000 shares @ $23.04 = $69,120
  • 2026-08-07: 32,763 shares @ $22.82 = $747,652
• Combined purchase: 35,763 shares for ≈ $816,800.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Filing: Report filed 2026-08-07; transactions occurred 2026-08-05 and 2026-08-07 — filing appears timely (no late-report indication).
• Footnotes: Holdings are reported across several trusts and entities (Evelyn Shirley Rady Trust, Ernest Rady Trust, American Assets, Inc., Insurance Company of the West, Rady Foundation, Explorer Insurance Company, and an Ernest Rady IRA). Mr. Rady disclaims beneficial ownership of shares held in those entities except to the extent of his pecuniary interest.

Context
These were direct open-market purchases by a 10% owner (not an option exercise or gift). Filings by large/controlling owners often reflect purchases through entities or trusts; the footnotes show the shares are held in various trusts and companies controlled by Mr. Rady. The Form 4 shows acquisitions (P), which investors commonly view as more informative than routine sales, but the filing provides no statement of intent or further explanation.