American Assets Trust (AAT) SVP receives 34,505 restricted shares, updates holdings

Rhea-AI Filing Summary

American Assets Trust, Inc. executive equity activity: A senior vice president of construction and development of American Assets Trust, Inc. reported several stock transactions in early December 2025. On December 2, 2025, the officer disposed of 12,701 shares of common stock at $19.50 per share in a transaction coded "F", typically used for shares withheld to cover taxes, and a further 2,221 shares were disposed of at a reported price of $0 in a separate transaction coded "D". On December 3, 2025, the officer acquired 34,505 shares of restricted common stock at $0, issued under the company’s Amended and Restated 2011 Equity Incentive Award Plan. After these activities, the officer directly beneficially owned 122,285 shares of American Assets Trust common stock.

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^*

Gammieri Jerry

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP Construction and Devlp

3. Date of Earliest Transaction (Month/Day/Year)
12/02/2025

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

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	12/02/2025		F		12,701	D	$19.5	90,001	D
Common Stock, par value $0.01	12/02/2025		D		2,221	D	$0	87,780	D
Common Stock, par value $0.01	12/03/2025		A(1)		34,505	A	$0	122,285	D

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. Shares of restricted common stock issued pursuant to the American Assets Trust, Inc. and American Assets Trust, L.P. Amended and Restated 2011 Equity Incentive Award Plan.

Remarks:

	/s/ Adam Wyll, Attorney-in-fact	12/04/2025
	** 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.
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FAQ

What insider transaction did American Assets Trust (AAT) report in this Form 4?

An officer of American Assets Trust, Inc. reported stock transactions, including share disposals on December 2, 2025 and an equity award of restricted common stock on December 3, 2025.

Who is the reporting person in the AAT Form 4 and what is their role?

The reporting person is an officer of American Assets Trust, Inc. serving as SVP Construction and Devlp (Senior Vice President of Construction and Development).

How many American Assets Trust (AAT) shares did the officer dispose of on December 2, 2025?

On December 2, 2025, the officer disposed of 12,701 shares at $19.50 per share in a transaction coded "F" and 2,221 shares in a transaction coded "D" at a reported price of $0.

How many restricted American Assets Trust (AAT) shares were granted to the officer?

On December 3, 2025, the officer acquired 34,505 shares of restricted common stock at $0, issued under the Amended and Restated 2011 Equity Incentive Award Plan.

What is the officer’s total beneficial ownership in American Assets Trust (AAT) after these transactions?

Following the reported transactions, the officer directly beneficially owned 122,285 shares of American Assets Trust, Inc. common stock.

Were the American Assets Trust (AAT) equity awards issued under a specific incentive plan?

Yes. The 34,505 restricted shares were issued pursuant to the American Assets Trust, Inc. and American Assets Trust, L.P. Amended and Restated 2011 Equity Incentive Award Plan.