Alexandria REIT insider withholding 842 shares for taxes at $85.57

Rhea-AI Filing Summary

Kristina Fukuzaki-Carlson, EVP—Business Operations at Alexandria Real Estate Equities, Inc. (ARE), reported a sale of 842 shares of common stock on 09/15/2025 at a reported price of $85.57 per share. Following the reported transaction the filing shows 43,538 shares beneficially owned in a direct ownership form. The transaction is coded F and the explanatory note states these shares were withheld by the issuer to satisfy a tax obligation realized upon the vesting of restricted stock. The form is signed by an attorney-in-fact, Jennifer Consul, dated 09/09/2025.

Positive

• Timely disclosure of insider transaction under Section 16 requirements
• Clear explanation that shares were withheld to satisfy tax obligations from restricted stock vesting
• Reporting person identified with title (EVP—Business Operations) and direct ownership level provided

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine tax-withholding disposition of vested restricted shares; not material to company valuation.

The Form 4 shows a reported disposition of 842 common shares by an officer via code F, which the filer explains were withheld to satisfy taxes on vested restricted stock. This is an administrative transfer rather than an open-market sale for cash-in-hand; the form records 43,538 shares still owned directly. For investors, this transaction documents insider equity mechanics and compliance but provides no new operational or financial information about ARE.

Corporate Governance Expert

TL;DR: Disclosure meets Section 16 reporting requirements and clarifies withholding on vesting.

The filing identifies the reporting person as an officer (EVP—Business Operations) and uses the appropriate transaction code (F) with an explicit explanation that shares were withheld to satisfy tax obligations from restricted stock vesting. The presence of an attorney-in-fact signature is disclosed. This is standard governance and disclosure practice and does not indicate a change in executive role or control.

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
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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^*

Fukuzaki-Carlson Kristina

(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 - Business Operations

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		842(1)	D	$85.57	43,538	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	09/09/2025
	** 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 transaction did ARE insider Kristina Fukuzaki-Carlson report on Form 4?

The filing reports a disposition of 842 shares of common stock on 09/15/2025 under transaction code F.

At what price were the 842 shares reported and how many shares does the insider own after the transaction?

The shares are reported at a price of $85.57 per share and the filing shows 43,538 shares beneficially owned following the transaction.

Why were the shares disposed of according to the Form 4 explanation?

The explanatory note states the shares were withheld by the issuer to satisfy a tax obligation realized upon the vesting of restricted stock.

What is Kristina Fukuzaki-Carlson's relationship to Alexandria Real Estate Equities (ARE)?

The form lists the reporting person as an Officer with the title EVP—Business Operations and indicates director/10% owner boxes as unchecked.

Who signed the Form 4 and when was it signed?

The document shows it was signed by Jennifer Consul, Attorney-in-Fact on 09/09/2025.