Alexandria REIT Insider Withholds 3,129 Shares to Cover Taxes

Rhea-AI Filing Summary

Cole John Hart, EVP, Capital Markets & Co-RMD at Alexandria Real Estate Equities, Inc. (ARE) reported a transaction on 09/15/2025 in which 3,129 shares of Common Stock were disposed of at $85.57 per share, leaving the reporting person with 55,418 shares beneficially owned. The filing states these shares were withheld by the issuer to satisfy a tax obligation arising when restricted stock vested. The Form 4 was filed as a single reporting person disclosure and is signed by an attorney-in-fact.

Positive

• Transparency maintained through timely Form 4 reporting of insider equity changes
• Remaining beneficial ownership disclosed at 55,418 shares following the withholding

Negative

• Disposition of 3,129 shares reduces the reporting person's share count
• Transaction value realized at $85.57 per share which may marginally affect insider holdings concentration

Insights

Corporate Governance Expert

TL;DR: Insider sold shares via issuer withholding to cover taxes on vested restricted stock; routine compensation-related transaction.

The reported disposal of 3,129 shares at $85.57 is described as shares withheld by the issuer to satisfy a tax withholding obligation upon vesting of restricted stock. This is a common administrative method for meeting tax obligations tied to equity compensation and does not indicate an open-market sale or change in ongoing executive ownership intent. The residual beneficial ownership of 55,418 shares remains disclosed, preserving transparency about executive holdings. Documentation shows the submission was executed by an attorney-in-fact.

Securities Analyst

TL;DR: Transaction is compensation-tax related rather than a discretionary sale; limited direct signaling about company performance.

The Form 4 details a disposition of 3,129 shares at a specified price of $85.57, with the explanation that shares were withheld to satisfy tax obligations from restricted stock vesting. Because the transfer was internal withholding rather than a market sale, it is typically treated as non-portfolio-rebalancing and has limited informational content about the insider's view of the stock. The filing confirms continued beneficial ownership of 55,418 shares, which remains relevant for assessing insider alignment with shareholders.

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

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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^*

Cole John Hart

(Last) (First) (Middle)

C/O ALEXANDRIA REAL ESTATE EQUITIES, INC

26 NORTH EUCLID AVE

(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, Capital Markets & Co-RMD

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		3,129(1)	D	$85.57	55,418	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 Cole John Hart report on the Form 4 for ARE?

The Form 4 reports a disposal of 3,129 shares on 09/15/2025 at $85.57 per share, resulting in 55,418 shares beneficially owned.

Why were the 3,129 shares disposed of according to the filing?

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

Was this Form 4 filed jointly or by one reporting person?

The Form 4 was filed by one reporting person.

Who signed the Form 4 filing and when?

The filing includes the signature of Jennifer Consul, Attorney-in-Fact dated 09/15/2025.

What was the price per share for the reported transaction?

The reported price was $85.57 per share for the 3,129 shares disposed.