Gavinet Andres 4

What Happened

• Andres Gavinet, Chief Accounting Officer of Alexandria Real Estate Equities (ARE), reported dispositions on Jan 23, 2026. He forfeited 3,344 shares (reported at $0.00) and had 283 shares withheld by the issuer at $59.69 per share to satisfy tax obligations, a withholding value of $16,892.
• These were not open-market sales: the 3,344-share line represents a forfeiture of a portion of a previously reported restricted stock award; the 283-share line represents shares withheld by the company to pay taxes upon vesting.

Key Details

• Transaction date: January 23, 2026. Filing date: January 27, 2026 (filed within the normal 2-business-day Form 4 window).
• Prices/values: 3,344 shares @ $0.00 (forfeiture) = $0; 283 shares @ $59.69 withheld = $16,892.
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes: F1 = forfeiture of part of a restricted stock award; F2 = shares withheld by issuer to satisfy tax withholding on vesting.
• Transaction codes: D (Disposition to issuer/forfeiture), F (shares withheld for tax obligations).

Context

• This was related to restricted stock vesting/award mechanics, not an open-market sale; forfeitures and tax-withholding are routine administrative actions and don’t necessarily signal the insider’s view of the company’s prospects.
• For retail investors, purchases and voluntary open-market sales generally carry more interpretive weight than tax-withholding or forfeiture entries.