American Assets Trust (NYSE: AAT) chair adds 30,000 shares in open-market buys

Rhea-AI Filing Summary

American Assets Trust, Inc. Executive Chairman and 10% owner Ernest S. Rady, through related entities, reported open-market purchases totaling 30,000 shares of common stock. Entities associated with him bought 10,000 shares at $24.64 on June 10, 8,000 and 2,000 shares at $24.62 on June 11, and 10,000 shares at $24.63 on June 12, 2026.

After these trades, Ernest Rady Trust U/D/T March 10, 1983 held 8,416,525 shares and Evelyn Shirley Rady Trust U/D/T March 10, 1983 held 104,859 shares. As of June 10, 2026, additional indirect holdings included 2,267,022 shares by American Assets, Inc., 1,275,336 by Insurance Company of the West, 1,209,021 by Rady Foundation, and 200,000 by Explorer Insurance Company, plus 66,680 shares held directly in an IRA. The reporting person disclaims beneficial ownership of these indirect holdings except to the extent of his pecuniary interest.

Insider Trade Summary

Net Buyer: 30,000 shares ($738,900)

Net Buy 9 txns

Insider RADY ERNEST S

Role Executive Chairman

Bought 30,000 shs ($739K)

Type	Security	Shares	Price	Value
Purchase	Common Stock, par value $0.01	10,000	$24.63	$246K
Purchase	Common Stock, par value $0.01	8,000	$24.62	$197K
Purchase	Common Stock, par value $0.01	2,000	$24.62	$49K
Purchase	Common Stock, par value $0.01	10,000	$24.64	$246K
holding	Common Stock, par value $0.01	--	--	--
holding	Common Stock, par value $0.01	--	--	--
holding	Common Stock, par value $0.01	--	--	--
holding	Common Stock, par value $0.01	--	--	--
holding	Common Stock, par value $0.01	--	--	--

Holdings After Transaction: Common Stock, par value $0.01 — 8,416,525 shares (Indirect, By ERT); Common Stock, par value $0.01 — 66,680 shares (Direct, null)

Footnotes (1)

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. 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. 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. 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. 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. 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. Represents shares held by Ernest Rady IRA.

Key Figures

Total shares purchased: 30,000 shares Purchase on June 10, 2026: 10,000 shares at $24.64/share Purchases on June 11, 2026: 8,000 and 2,000 shares at $24.62/share +4 more

7 metrics

Total shares purchased 30,000 shares Open-market buys June 10–12, 2026

Purchase on June 10, 2026 10,000 shares at $24.64/share Buy by Ernest Rady Trust U/D/T March 10, 1983

Purchases on June 11, 2026 8,000 and 2,000 shares at $24.62/share Buys by ERT and Evelyn Shirley Rady Trust

Purchase on June 12, 2026 10,000 shares at $24.63/share Buy by Ernest Rady Trust U/D/T March 10, 1983

ERT holdings after trades 8,416,525 shares Ernest Rady Trust position after June 12, 2026

ESRT holdings after trades 104,859 shares Evelyn Shirley Rady Trust position after June 11, 2026

Direct IRA holdings 66,680 shares Shares held by Ernest Rady IRA as of June 10, 2026

Key Terms

open-market purchase, beneficial ownership, pecuniary interest, indirect ownership, +1 more

5 terms

open-market purchase financial

"Transaction code P is described as an open-market purchase of common stock."

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

beneficial ownership financial

"The reporting person disclaims beneficial ownership of such shares, except as noted."

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

pecuniary interest financial

"He disclaims beneficial ownership except to the extent of his pecuniary interest therein."

indirect ownership financial

"Holdings reported as indirect include shares held by trusts and controlled entities."

trustee financial

"Shares are held by ERT and ESRT, for which the reporting person is the trustee."

A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.

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Form 4 Insider Transactions: What Each Field Means →

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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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 CALIFORNIA 92121

(City) (State) (Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/10/2026

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

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

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

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	06/10/2026		P		10,000	A	$24.64	8,398,525	I	By ERT(1)
Common Stock, par value $0.01	06/11/2026		P		8,000	A	$24.62	8,406,525	I	By ERT(1)
Common Stock, par value $0.01	06/11/2026		P		2,000	A	$24.62	104,859	I	By ESRT(2)
Common Stock, par value $0.01	06/12/2026		P		10,000	A	$24.63	8,416,525	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								1,209,021	I	By RF(5)
Common Stock, par value $0.01								200,000	I	By EIC(6)
Common Stock, par value $0.01								66,680	D(7)

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. 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.

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 Ernest Rady IRA.

Remarks:

	/s/ Meleana Leaverton, Attorney-in-fact	06/12/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

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

The Form 4 reports open-market purchases totaling 30,000 shares of American Assets Trust common stock between June 10 and June 12, 2026, executed by entities associated with Executive Chairman and 10% owner Ernest S. Rady at prices around $24.62–$24.64 per share.

On what dates and at what prices did AAT-related entities buy shares?

Associated entities purchased 10,000 shares at $24.64 on June 10, 8,000 shares at $24.62 and 2,000 shares at $24.62 on June 11, and 10,000 shares at $24.63 on June 12, 2026, all in open-market transactions reported on the Form 4.

How many AAT shares does the Ernest Rady Trust hold after these transactions?

Following the reported purchases, Ernest Rady Trust U/D/T March 10, 1983 holds 8,416,525 shares of American Assets Trust common stock. These shares are reported as indirectly owned, and the reporting person disclaims beneficial ownership except to the extent of his pecuniary interest in the trust.

What other entities associated with Ernest S. Rady hold AAT shares?

As of June 10, 2026, entities associated with Ernest S. Rady held AAT shares including American Assets, Inc. (2,267,022), Insurance Company of the West (1,275,336), Rady Foundation (1,209,021), and Explorer Insurance Company (200,000), in addition to trust holdings and his IRA.

Does Ernest S. Rady personally own shares of American Assets Trust (AAT)?

The filing shows 66,680 shares held directly in an IRA for Ernest Rady and multiple indirect holdings through trusts and controlled entities. For those indirect positions, he disclaims beneficial ownership except to the extent of his pecuniary interest as described in the footnotes.

Are the AAT share purchases by Ernest S. Rady discretionary open-market trades?

The transactions are coded “P” as open-market purchases of American Assets Trust common stock, at per-share prices between $24.62 and $24.64. The Form 4 characterizes them as purchases in the open market or private transactions, with no reference to a trading plan in the provided data.