Stevens Blake L. 4

What Happened
Blake L. Stevens, Regional Market Director at Alexandria Real Estate Equities, Inc. (ARE), had 456 shares withheld by the issuer to satisfy tax withholding related to the vesting of restricted stock. The withholding was done at $48.41 per share, a total value of approximately $22,075. This is a tax-withholding disposition (code F), not an open-market sale.

Key Details

• Transaction date: 2026-03-13
• Price used for withholding: $48.41 per share
• Shares withheld/disposed: 456 shares — total value ≈ $22,075
• Footnote: F1 — shares were withheld by the issuer to satisfy tax obligation on RSU vesting
• Filing date: 2026-03-17 (file appears timely based on the reported transaction date)
• Shares owned after the transaction: not provided in the information supplied

Context
Tax-withholding disposals are routine when restricted stock or RSUs vest; they represent shares retained by the company to cover the insider’s tax bill rather than a market sale that signals sentiment. These transactions generally do not indicate a deliberate decision to liquidate holdings.