American Assets Trust (AAT) 10% Owner Ernest Rady Buys 166,636 Shares

What Happened

• Ernest S. Rady, a reported 10% owner of American Assets Trust (AAT), made three open‑market purchases (code P) totaling 166,636 shares for approximately $3,740,910.
  • 2026-08-31: 20,000 shares @ $22.33 = $446,600
  • 2026-09-01: 50,000 shares @ $22.40 = $1,120,000
  • 2026-09-02: 96,636 shares @ $22.50 = $2,174,310
• These were purchases (inflows of stock), which investors often view as more informative than routine sales, though filings do not state intent.

Key Details

• Transaction dates and prices: 8/31/2026 @ $22.33; 9/1/2026 @ $22.40; 9/2/2026 @ $22.50.
• Total shares purchased: 166,636; total value: ~$3.74 million.
• Shares owned after the transactions: not specified in the filing.
• Footnotes: Shares are held in various trusts and entities (Ernest Rady Trust U/D/T Mar 10, 1983; American Assets, Inc.; Insurance Company of the West; Rady Foundation; Explorer Insurance Company; Evelyn Shirley Rady Trust U/D/T Mar 10, 1983; and an Ernest Rady IRA). The reporting person disclaims beneficial ownership of those entity/trust‑held shares except to the extent of his pecuniary interest.
• Filing date: Form 4 filed 2026-09-02; the filing does not indicate a late report.

Context

• The transactions are open‑market purchases by a 10% owner (institutional/large shareholder status), not an options exercise or gift.
• Purchases by large shareholders can signal confidence but do not by themselves explain motive; remain factual — the filing does not provide further rationale.