Alexandria Real Estate (ARE) executive has shares withheld for tax on vesting

Rhea-AI Filing Summary

ALEXANDRIA REAL ESTATE EQUITIES, INC. executive Blake L. Stevens reported a routine tax-related share disposition. On March 13, 2026, 456 shares of common stock were withheld by the issuer at $48.41 per share to satisfy tax obligations from restricted stock vesting.

These shares were not sold in the open market; they were retained by the company to cover the reporting person’s tax liability. After this withholding, Stevens directly holds 18,763 shares of common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Stevens Blake L.

Role Regional Market Director

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	456	$48.41	$22K

Holdings After Transaction: Common Stock — 18,763 shares (Direct)

Footnotes (1)

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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^*

Stevens Blake L.

(Last) (First) (Middle)

C/O ALEXANDRIA REAL ESTATE EQUITIES, INC

26 NORTH EUCLID AVENUE

(Street)

PASADENA, CA 91101 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)
	Regional Market Director

3. Date of Earliest Transaction (Month/Day/Year)
03/13/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/13/2026		F		456(1)	D	$48.41	18,763	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/ Bill Boyle, Attorney-in-Fact	03/13/2026
	** 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.

FAQ

What did the ARE executive report in this Form 4 filing?

The filing shows Blake L. Stevens had 456 ARE shares withheld by the company to cover taxes from vesting restricted stock, a routine compensation-related adjustment rather than an open-market trade, leaving him with 18,763 shares directly owned.

Was there an open-market sale of ARE stock in this Form 4?

No, the Form 4 does not report an open-market sale. It records 456 shares of ARE common stock withheld by the issuer to satisfy a tax obligation triggered by restricted stock vesting, a non-market, administrative transaction.

How many ARE shares were withheld for taxes from Blake L. Stevens?

The company withheld 456 shares of Alexandria Real Estate Equities common stock at a reference price of $48.41 per share. This withholding satisfied a tax obligation arising when Stevens’ restricted stock vested.

How many ARE shares does Blake L. Stevens hold after this transaction?

Following the tax-withholding transaction, Blake L. Stevens directly holds 18,763 shares of ARE common stock. This figure reflects his position after the issuer withheld 456 shares to cover the tax liability from restricted stock vesting.

What does transaction code F mean in this ARE Form 4?

Transaction code F indicates shares were disposed of to pay an exercise price or tax liability. In this ARE filing, it reflects 456 shares withheld by the issuer from Blake L. Stevens to cover taxes on restricted stock vesting.

Is the ARE Form 4 transaction a strong bullish or bearish signal?

This Form 4 reflects a tax-withholding event, not a discretionary trade. Shares were withheld to satisfy taxes on vesting restricted stock, so it is generally viewed as a routine administrative adjustment rather than a strong bullish or bearish signal.