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

What Happened Ernest S. Rady, a reported 10% owner of American Assets Trust (AAT), made open-market purchases of AAT stock: 100,000 shares on 2026-08-13 at $22.86 ($2,286,000) and 50,000 shares on 2026-08-14 at $22.79 ($1,139,500), for a combined purchase of 150,000 shares costing $3,425,500. These were purchases (Form 4 code "P"), which increase his reported stake.

Key Details

• Transaction dates and prices:
  • 2026-08-13: 100,000 shares @ $22.86 = $2,286,000
  • 2026-08-14: 50,000 shares @ $22.79 = $1,139,500
• Combined purchase: 150,000 shares for $3,425,500.
• Shares owned after transaction: Not specified in this filing.
• Filing timeliness: Report filed 2026-08-14 for the above trades (within the standard Form 4 filing window).
• Footnotes of note:
  • F1–F7 describe holdings in trusts and entities (Ernest Rady Trust, Evelyn Shirley Rady Trust, American Assets, Inc., Insurance Company of the West, Rady Foundation, Explorer Insurance Company, and an Ernest Rady IRA). The reporting person is trustee or directly controls several entities and disclaims beneficial ownership of some shares except to the extent of his pecuniary interest.

Context These were straight purchases (open-market or private purchase designation "P"), not option exercises, gifts, or awards. As a 10% owner who controls related entities and trusts, Rady’s purchases may reflect an increase in his exposure to AAT, but the footnotes indicate many shares are held in controlled entities/trusts with limited disclosure of direct beneficial ownership. Purchases are often viewed as a stronger signal than routine sales, but filings are factual records and do not state motivations.