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

What Happened

• Ernest S. Rady, a reported 10% owner of American Assets Trust (AAT), made three open-market/private purchases (transaction code P) of AAT common stock on Aug 17–19, 2026. He bought 50,000 shares at $22.55 ($1,127,500) on Aug 17; 3,586 shares at $22.69 ($81,366) on Aug 18; and 10,000 shares at $22.77 ($227,700) on Aug 19 — a total of 63,586 shares for about $1,436,566. These were purchases (which some investors view as a bullish signal), not sales or option exercises.

Key Details

• Transaction dates and prices:
  • 2026-08-17: 50,000 shares @ $22.55 = $1,127,500
  • 2026-08-18: 3,586 shares @ $22.69 = $81,366
  • 2026-08-19: 10,000 shares @ $22.77 = $227,700
• Total acquired: 63,586 shares; total value ≈ $1.44 million.
• Shares owned after the transactions: Not specified in the provided Form 4 excerpt.
• Footnotes: Holdings are reported across multiple entities/trusts associated with Rady:
  • F1: Ernest Rady Trust U/D/T March 10, 1983 (trustee)
  • F2: American Assets, Inc. (directly controlled)
  • F3: Insurance Company of the West (directly controlled)
  • F4: Rady Foundation (directly controlled)
  • F5: Explorer Insurance Company (directly controlled)
  • F6: Evelyn Shirley Rady Trust U/D/T March 10, 1983 (trustee)
  • F7: Ernest Rady IRA In each case the reporting person disclaims beneficial ownership except to the extent of pecuniary interest.
• Filing timeliness: Report filed Aug 19, 2026 for transactions through Aug 19, 2026 — appears to be filed within the usual Form 4 reporting window.

Context

• As a 10% owner controlling several entities/trusts, these purchases reflect insider-level buying but are by an owner with complex holdings rather than routine executive salary transactions. The trades were straightforward purchases (no option exercises, gifts, or tax-withholding events reported).