Alexandria RE (ARE) EVP reports 652-share tax-withholding on vested RSU

Rhea-AI Filing Summary

Alexandria Real Estate Equities insider transaction: EVP Gary D. Dean reported a disposition of 652 shares of Alexandria Real Estate Equities common stock on 09/15/2025 at an indicated price of $85.57 per share. After the reported transaction, Mr. Dean beneficially owns 55,941 shares, held directly. The Form 4 identifies the transaction code "F" and an explanatory note stating the shares were withheld by the issuer to satisfy a tax obligation arising upon the vesting of restricted stock. The filing is signed by an attorney-in-fact and dated 09/15/2025.

Insights

Corporate Governance Expert

TL;DR: This is a routine tax-withholding disposition tied to restricted stock vesting, not an active open-market sale.

The Form 4 shows a disposition under code "F," which the filer explains represents shares withheld to settle tax obligations when restricted stock vested. Such filings commonly reflect internal administrative transfers rather than discretionary insider selling and typically have limited governance implications. The residual direct holding of 55,941 shares remains unchanged in form and the transaction does not indicate any change in role or relationship to the issuer.

Securities Analyst

TL;DR: Small, non-discretionary share withholding occurred; this is informational and unlikely to be materially market-moving.

The report discloses a 652-share disposition at $85.57 per share resulting from tax withholding on vested restricted stock. The amount disposed relative to the post-transaction holding (55,941 shares) is modest. The filing provides explicit transaction date, price, and the issuer-provided explanation; there are no additional derivative transactions or other compensatory arrangements disclosed on this Form 4.

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

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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^*

Dean Gary D.

(Last) (First) (Middle)

C/O ALEXANDRIA REAL ESTATE EQUITIES, INC

26 NORTH EUCLID AVENUE

(Street)

PASADENA CA 91101

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ALEXANDRIA REAL ESTATE EQUITIES, INC. [ ARE ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Real Estate Legal Affairs

3. Date of Earliest Transaction (Month/Day/Year)
09/15/2025

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	09/15/2025		F		652(1)	D	$85.57	55,941	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. Represents shares withheld by the issuer to satisfy a tax obligation realized by the reporting person upon the vesting of restricted stock.

Remarks:

	/s/ Jennifer Consul, Attorney-in-Fact	09/15/2025
	** 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.
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 did Alexandria Real Estate Equities (ARE) insider Gary D. Dean report on Form 4?

The filing reports a disposition of 652 shares on 09/15/2025 at a price of $85.57 per share; the sale was recorded as code F (shares withheld to satisfy tax withholding on vested restricted stock).

Why were the 652 shares disposed according to the Form 4?

The Form 4 explanation states the shares were withheld by the issuer to satisfy a tax obligation realized by the reporting person upon vesting of restricted stock.

How many Alexandria shares does Gary D. Dean beneficially own after the transaction?

Following the reported transaction, Gary D. Dean beneficially owns 55,941 shares held directly.

What is the transaction code and what does it indicate on this Form 4?

The transaction is labeled with code F, which the filer explains corresponds to a disposition resulting from tax withholding at vesting of restricted stock.

Who signed the Form 4 and when?

The Form 4 was executed by /s/ Jennifer Consul, Attorney-in-Fact and dated 09/15/2025.