Cole John Hart 4

What Happened

• Cole John Hart, Co-President and Co-RMD of Alexandria Real Estate Equities (ARE), had two disposition-type transactions reported for 2026-01-23. He forfeited 1,759 shares (reported as a disposition to the issuer, $0 value) and had 176 shares withheld by the issuer to satisfy tax withholding at $59.69 per share (total value withheld ≈ $10,505). These were not open-market sales; one is a forfeiture of restricted stock and the other is tax withholding on vested awards.

Key Details

• Transaction dates: 2026-01-23 (reported on Form 4 filed 2026-01-27).
• Disposition codes: D = disposition to issuer (forfeiture) for 1,759 shares; F = shares withheld to satisfy tax liability for 176 shares at $59.69 each (~$10,505).
• Shares owned after transaction: not specified in the supplied filing details.
• Footnotes: F1 indicates the 1,759-share forfeiture was a portion of a previously reported restricted stock award; F2 indicates the 176 shares were withheld by the issuer to satisfy tax obligations upon vesting.
• Timeliness: The Form 4 was filed on 2026-01-27 for transactions on 2026-01-23, which is one business day after the usual 2-business-day reporting window (i.e., appears late).

Context

• These actions are routine administrative events tied to restricted stock awards (forfeiture and tax withholding) rather than open-market trading that signals buy/sell intent. For retail investors, tax-withholding and forfeiture on vesting are common and do not necessarily reflect the insider’s view of the company’s stock. Transaction codes: D = disposition to issuer (forfeiture), F = payment of exercise price or tax liability (withholding).