Clem Jackie B. 4

What Happened
Jackie B. Clem, General Counsel & Secretary of Alexandria Real Estate Equities (ARE), had 1,103 shares withheld by the issuer on 2026-03-13 to satisfy tax obligations arising from the vesting of restricted stock. The withholding was executed at $48.41 per share, representing a value of approximately $53,396. This is a routine tax-withholding disposition, not an open-market sale.

Key Details

• Transaction date: 2026-03-13; Form 4 filed: 2026-03-17 (timely)
• Shares withheld/disposed: 1,103 at $48.41 per share; total value ≈ $53,396
• Transaction code: F (shares withheld to satisfy tax liability) — see footnote: shares withheld by issuer to pay tax on vesting of restricted stock
• Shares owned after transaction: not specified in the provided excerpt

Context
Tax-withholding by the issuer for vested restricted stock is a common administrative action and generally does not signal a deliberate sale of shares by the insider. For investors, purchases or open-market sales by insiders tend to be more informative about sentiment than tax-withholding events.