RADY ERNEST S 4

What Happened
Ernest S. Rady, a reported 10% owner of American Assets Trust (AAT), made open‑market purchases of AAT stock on June 10–12, 2026, acquiring a total of 30,000 shares for $738,900. Trades reported: 10,000 shares @ $24.64 on 2026‑06‑10 ($246,400); 8,000 shares @ $24.62 on 2026‑06‑11 ($196,960); 2,000 shares @ $24.62 on 2026‑06‑11 ($49,240); and 10,000 shares @ $24.63 on 2026‑06‑12 ($246,300). These were purchases (transaction code P), which investors often view as a bullish signal compared with sales.

Key Details

• Transaction dates & prices:
  • 2026‑06‑10: 10,000 @ $24.64 = $246,400
  • 2026‑06‑11: 8,000 @ $24.62 = $196,960
  • 2026‑06‑11: 2,000 @ $24.62 = $49,240
  • 2026‑06‑12: 10,000 @ $24.63 = $246,300
• Total purchased: 30,000 shares for $738,900.
• Transaction type: P = Purchase (open market or private purchase).
• Filing: Form 4 filed 2026‑06‑12 reporting trades from 2026‑06‑10 to 2026‑06‑12; filing appears timely relative to reported dates.
• Shares owned after transaction: Not specified in the filing.
• Footnotes (F1–F7): Many reported shares are held in trusts or entities (Ernest Rady Trust, Evelyn Shirley Rady Trust, American Assets, Inc., Insurance Company of the West, Rady Foundation, Explorer Insurance Company, and an IRA). The reporting person is trustee/controller of those entities and disclaims beneficial ownership except to the extent of pecuniary interest.

Context

• As a 10% owner, Rady is a substantial shareholder rather than a typical executive trade; purchases by major holders can be interpreted as a show of confidence but do not reveal motive.
• No options exercises, awards, gifts, or tax‑withholding transactions were reported in this filing.