Executive chair entities add AAT (NYSE: AAT) shares, correct prior error

Rhea-AI Filing Summary

American Assets Trust, Inc. insider entities associated with Executive Chairman Ernest S. Rady reported open‑market purchases of a total of 79,386 shares of common stock between February 20 and 24, 2026 at prices around $19 per share, all reported as indirect ownership.

The largest block, 25,858 shares, was acquired by Ernest Rady Trust U/D/T March 10, 1983 (ERT), for which Rady is trustee, and this Form 4/A amends a prior report to correct that 2/24/26 purchase from 28,858 to 25,858 shares. Additional holdings are reported through entities such as American Assets, Inc., Insurance Company of the West, Rady Foundation, Explorer Insurance Company, the Evelyn Shirley Rady Trust, and an IRA, with beneficial ownership disclaimed except to the extent of pecuniary interest.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

RADY ERNEST S

(Last) (First) (Middle)

C/O AMERICAN ASSETS TRUST, INC.

3420 CARMEL MOUNTAIN ROAD, SUITE 100

(Street)

SAN DIEGO CA 92121

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
American Assets Trust, Inc. [ AAT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	Executive Chairman

3. Date of Earliest Transaction (Month/Day/Year)
02/20/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)
02/24/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, par value $0.01	02/20/2026		P		3,528	A	$19.37	8,027,959	I	By ERT(1)
Common Stock, par value $0.01	02/23/2026		P		50,000	A	$19.5	8,077,959	I	By ERT(1)
Common Stock, par value $0.01	02/24/2026		P		25,858(2)	A	$19.28	8,103,817	I	By ERT(1)
Common Stock, par value $0.01								2,267,022	I	By AAI(3)
Common Stock, par value $0.01								1,275,336	I	By ICW(4)
Common Stock, par value $0.01								1,009,021	I	By RF(5)
Common Stock, par value $0.01								200,000	I	By EIC(6)
Common Stock, par value $0.01								100,459	I	By ESRT(7)
Common Stock, par value $0.01								66,680	D(8)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents shares held by Ernest Rady Trust U/D/T March 10, 1983 ("ERT"), for which the Reporting Person is the trustee. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.

2. This amendment to Form 4 is filed for the purpose of correcting a scrivener's error. The actual securities acquired by ERT on 2/24/26 was 25,858 shares, as opposed to the previously reported 28,858 shares.

3. Represents shares held by American Assets, Inc. ("AAI"), which is directly controlled by the Reporting Person. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.

4. Represents shares held by Insurance Company of the West ("ICW"), which is directly controlled by the Reporting Person. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.

5. Represents shares held by Rady Foundation ("RF"), which is directly controlled by the Reporting Person. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.

6. Represents shares held by Explorer Insurance Company ("EIC"), which is directly controlled by the Reporting Person. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.

7. Represents shares held by Evelyn Shirley Rady Trust U/D/T March 10, 1983 ("ESRT"), for which the Reporting Person is the trustee. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.

8. Represents shares held by Ernest Rady IRA.

Remarks:

	/s/ Adam Wyll, Attorney-in-fact	02/26/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider activity did AAT report in this amended Form 4?

The filing reports that entities associated with Executive Chairman Ernest S. Rady bought 79,386 American Assets Trust common shares in open‑market transactions, all indirectly held. The amendment also corrects the size of one previously reported purchase made on February 24, 2026.

How many AAT shares did the Ernest Rady Trust acquire in February 2026?

The Ernest Rady Trust acquired 25,858 American Assets Trust shares on February 24, 2026, in open‑market purchases. This Form 4/A corrects an earlier report that mistakenly showed 28,858 shares for that date, clarifying the actual amount credited to the trust.

At what prices were the AAT insider share purchases reported?

The insider purchases were reported at prices around $19 per share, including $19.50 on February 23, 2026, and $19.28 and $19.37 on other days. All trades involved American Assets Trust common stock and were described as open‑market purchases.

Which entities hold AAT shares for Ernest S. Rady according to the filing?

Reported holders include the Ernest Rady Trust, American Assets, Inc., Insurance Company of the West, Rady Foundation, Explorer Insurance Company, the Evelyn Shirley Rady Trust, and an Ernest Rady IRA. Rady disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.

What is the purpose of this American Assets Trust Form 4/A amendment?

The amendment corrects a scrivener’s error in a prior Form 4, changing the reported February 24, 2026 Ernest Rady Trust acquisition from 28,858 shares to the actual 25,858 shares. Other transaction details and indirect holdings disclosures remain as described.