[Form 4] American Assets Trust, Inc. Insider Trading Activity

Rhea-AI Filing Summary

American Assets Trust, Inc. insider transaction reported

Adam Wyll, President & CEO of American Assets Trust, Inc. (AAT), reported several common stock transactions. On 12/02/2025, he had a transaction coded “F” involving 37,049 shares at $19.5 per share and a transaction coded “D” for 6,916 shares at $0. On 12/03/2025, he reported an “A” transaction for 161,023 shares of common stock at $0, described as restricted stock issued under the company’s Amended and Restated 2011 Equity Incentive Award Plan. On 12/04/2025, he recorded another “F” transaction for 10,478 shares at $19.5 per share.

Following these transactions, Wyll beneficially owned 325,699 shares directly and 101,590 shares indirectly through the Wyll Family Trust dated 3/16/2017, for which he is a trustee and beneficiary, while disclaiming beneficial ownership except to the extent of his pecuniary interest.

Insider Trade Summary

5 transactions reported

Mixed 5 txns

Insider Wyll Adam

Role President & CEO

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock, par value $0.01	10,478	$19.50	$204K
Grant/Award	Common Stock, par value $0.01	161,023	$0.00	--
Tax Withholding	Common Stock, par value $0.01	37,049	$19.50	$722K
Disposition	Common Stock, par value $0.01	6,916	$0.00	--
holding	Common Stock, par value $0.01	--	--	--

Holdings After Transaction: Common Stock, par value $0.01 — 325,699 shares (Direct); Common Stock, par value $0.01 — 101,590 shares (Indirect, See Footnote)

Footnotes (1)

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. Represents shares held by the Wyll Family Trust dated 3/16/2017, for which the Reporting Person is a trustee and beneficiary. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.

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^*

Wyll Adam

(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)
	President & CEO

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		37,049	D	$19.5	182,070	D
Common Stock, par value $0.01	12/02/2025		D		6,916	D	$0	175,154	D
Common Stock, par value $0.01	12/03/2025		A		161,023	A(1)	$0	336,177	D
Common Stock, par value $0.01	12/04/2025		F		10,478	D	$19.5	325,699	D
Common Stock, par value $0.01								101,590	I	See Footnote(2)

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.

2. Represents shares held by the Wyll Family Trust dated 3/16/2017, for which the Reporting Person is a trustee and beneficiary. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.

Remarks:

	/s/ Adam Wyll	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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