Lee Orraparn C. 4

What Happened

• Lee Orraparn C., Executive Vice President – Accounting at Alexandria Real Estate Equities (ARE), had 1,024 shares withheld by the issuer to satisfy tax obligations upon the vesting of restricted stock. The withholding was reported as a disposition at $48.41 per share, totaling approximately $49,572.

Key Details

• Transaction date: 2026-03-13; Report filed: 2026-03-17 (Form 4 accession 0001919167-26-000007) — filing appears timely.
• Price per share: $48.41; Shares withheld/disposed: 1,024; Total value: ~$49,572.
• Transaction code: F (tax withholding to satisfy tax liability upon vesting of restricted stock).
• Shares owned after the transaction: not specified in the provided excerpt.
• Footnote: F1 — shares were withheld by the issuer to satisfy the reporting person’s tax obligation realized upon RSU vesting.

Context

• This was an issuer withholding to cover tax on vested restricted stock, not an open-market sale or purchase. Such withholding is a routine administrative action and does not necessarily indicate the insider’s view on the company’s stock.