Alexandria REIT Officer Withholds 598 Shares to Cover Tax Bill

Rhea-AI Filing Summary

ALEXANDRIA REAL ESTATE EQUITIES insider transaction: Lee Orraparn C., an executive vice president for accounting, reported a transaction on 09/15/2025 that reduced her direct holdings of Common Stock. The Form 4 shows 598 shares were disposed under code F at a price of $85.57 per share, leaving 48,615 shares beneficially owned directly. The filing explains the disposal represents shares withheld by the issuer to satisfy a tax obligation upon the vesting of restricted stock. The form was signed by an attorney-in-fact on behalf of the reporting person.

Positive

• Clear disclosure of officer transaction including shares, price, and reason (tax withholding)
• Compliance with Section 16 reporting requirements evidenced by Form 4 submission and explanation

Negative

• None.

Insights

Securities Analyst

TL;DR: Routine officer withholding for taxes on vested restricted stock; not a market-moving event.

The Form 4 documents a single, small non-derivative disposal of 598 shares by an executive to satisfy tax withholding at $85.57 per share, leaving 48,615 shares held directly. This is a common administrative transaction following restricted stock vesting and is recorded under transaction code F. There is no indication of additional sales or derivative activity in this filing. For investors, this reflects compensation settlement mechanics rather than a deliberate liquidity event.

Corporate Governance Expert

TL;DR: Disclosure aligns with Section 16 reporting; transaction appears administrative and routine.

The report identifies the reporting person as an officer (EVP - Accounting) and discloses the withholding of 598 shares to satisfy taxes upon vesting of restricted stock, which is an accepted practice. The filing includes an attorney-in-fact signature and lists the remaining direct ownership as 48,615 shares. The document meets standard Form 4 content requirements and contains an explicit explanation for the disposition, supporting transparency in insider reporting.

Insider Trade Summary

Net Seller: 598 shares

Net Sell 1 txn

Insider Lee Orraparn C.

Role EVP - Accounting

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	598	$85.57	$51K

Holdings After Transaction: Common Stock — 48,615 shares (Direct)

Footnotes (1)

1. F1. Represents shares withheld by the issuer to satisfy a tax obligation realized by the reporting person upon the vesting of restricted stock.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 09/17/2025 - 04:38 PM Learn about SEC filing dates

FAQ

What transaction did Lee Orraparn C. report on Form 4 for ARE?

The report shows a disposal of 598 shares on 09/15/2025 under code F at $85.57 per share.

Why were the 598 shares disposed according to the Form 4?

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

How many Alexandria Real Estate Equities shares does the reporting person own after the transaction?

48,615 shares are reported as beneficially owned directly following the transaction.

What is the reporting person’s role at ARE?

Listed as EVP - Accounting and the Form 4 indicates officer status.

When was the Form 4 signed and by whom?

Signed by an attorney-in-fact, Jennifer Consul, on 09/15/2025 on behalf of the reporting person.

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^*

Lee Orraparn C.

(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 - Accounting

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		598(1)	D	$85.57	48,615	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.