American Assets Trust (AAT) 10% Owner Ernest Rady Buys 100,000 Shares

What Happened
Ernest S. Rady, reported as a 10% owner of American Assets Trust (AAT), acquired 100,000 AAT shares in two open-market/private purchases. He bought 50,000 shares on 2026-08-27 at $22.56 ($1,128,000) and 50,000 shares on 2026-08-28 at $22.52 ($1,126,000), for a combined outlay of approximately $2,254,000. These were purchases (transaction code P), which investors often view as accumulation rather than disposal.

Key Details

• Transaction dates and prices: 50,000 shares @ $22.56 on 2026-08-27; 50,000 shares @ $22.52 on 2026-08-28.
• Total shares acquired: 100,000; total cost: ~$2,254,000.
• Shares owned after transaction: Not specified in the provided excerpt — see the full Form 4 for post-transaction holdings.
• Footnotes: F1–F7 indicate many shares are held in entities/trusts (American Assets, Inc.; Ernest Rady Trust; Insurance Company of the West; Rady Foundation; Explorer Insurance Company; Evelyn Shirley Rady Trust; Ernest Rady IRA). The reporting person disclaims beneficial ownership of those shares except to the extent of his pecuniary interest.
• Filing timeliness: Report filed 2026-08-28 covering trades on 2026-08-27 and 2026-08-28 (appears timely).

Context
Transaction code P denotes an open-market or private purchase (straight acquisition of shares). As a reported 10% owner, Rady is a large stakeholder rather than a routine executive trader; such purchases may signal accumulation but do not disclose motive. No options, awards, gifts, or tax-withholding events are indicated in the transactions above. For full ownership breakdown and any related party holdings, consult the complete Form 4 filing (Accession: 0001221359-26-000053).