What does the 130-share ARE transaction at $59.69 per share represent?

The 130-share transaction at $59.69 per share represents shares withheld by Alexandria Real Estate Equities to satisfy a tax obligation. The tax arose when restricted stock vested for EVP Madeleine Thorp Alsbrook, and the company retained those shares instead of her selling stock to pay taxes.

Alexandria Real Estate (NYSE: ARE) EVP alters restricted stock stake

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Form Type

Rhea-AI Filing Summary

Alexandria Real Estate Equities executive Madeleine Thorp Alsbrook, EVP - Talent Management, reported two changes in her common stock holdings on January 23, 2026. She forfeited 1,120 shares from a previously reported restricted stock award and had 130 shares withheld by the company to cover taxes upon vesting, at $59.69 per share. After these routine equity award adjustments, she directly owned 23,711 shares of Alexandria Real Estate Equities common stock.

Insider Trade Summary

Net Seller: 1,250 shares

Net Sell 2 txns

Insider Alsbrook Madeleine Thorp

Role EVP - Talent Management

Type	Security	Shares	Price	Value
Disposition	Common Stock	1,120	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	130	$59.69	$8K

Holdings After Transaction: Common Stock — 23,711 shares (Direct)

Footnotes (2)

F1. Represents the forfeiture of a portion of a restricted stock award previously reported.
F2. Represents shares withheld by the issuer to satisfy a tax obligation realized by the reporting person upon the vesting of restricted stock.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 01/27/2026 - 04:44 PM

FAQ

What insider transactions did ARE executive Madeleine Thorp Alsbrook report?

Madeleine Thorp Alsbrook reported forfeiting 1,120 shares of Alexandria Real Estate Equities common stock and 130 shares withheld to cover taxes on restricted stock vesting. Both transactions occurred on January 23, 2026, and involved equity awards rather than open‑market trades.

How many ARE shares does EVP Madeleine Thorp Alsbrook own after the Form 4 transactions?

After the reported transactions, EVP Madeleine Thorp Alsbrook directly owns 23,711 shares of Alexandria Real Estate Equities common stock. This figure reflects the forfeiture of 1,120 restricted shares and 130 shares withheld by the issuer to satisfy a tax obligation on vesting.

Why were 1,120 ARE shares forfeited by the reporting person?

The 1,120 Alexandria Real Estate Equities shares represent the forfeiture of a portion of a previously reported restricted stock award. Such forfeitures can occur under the original award terms, for example when vesting conditions are not fully met, according to the explanation provided.

Were the reported ARE insider transactions direct or indirect holdings?

Both reported Alexandria Real Estate Equities transactions involve directly held common stock. The Form 4 indicates ownership form as “D” for direct in each case, with no reference to trusts, partnerships, or other entities in the nature of ownership description.

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^*

Alsbrook Madeleine Thorp

(Last)

(First)

(Middle)

C/O ALEXANDRIA REAL ESTATE EQUITIES, INC

26 NORTH EUCLID AVENUE

(Street)

PASADENA

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 - Talent Management

3. Date of Earliest Transaction (Month/Day/Year)
01/23/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	01/23/2026		D		1,120⁽¹⁾	D	$0	23,841	D
Common Stock	01/23/2026		F		130⁽²⁾	D	$59.69	23,711	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Represents the forfeiture of a portion of a restricted stock award previously reported.

2. Represents shares withheld by the issuer to satisfy a tax obligation realized by the reporting person upon the vesting of restricted stock.

Remarks:

	/s/ Bill Boyle, Attorney-in-Fact	01/24/2026
	** 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.

Source: View Original Filing on SEC EDGAR