Alexandria REIT Officer Withholds 2,927 Shares for Taxes; Holdings 234,959

Rhea-AI Filing Summary

Ryan Daniel J, identified as Co-President and RMD of Alexandria Real Estate Equities, Inc. (ARE), reported a change in beneficial ownership on 09/15/2025. The filing shows 2,927 shares of Common Stock were disposed under transaction code F at a price of $85.57 per share. The issuer explains these shares were withheld to satisfy tax obligations arising from the vesting of restricted stock. After the withholding, the reporting person beneficially owns 234,959 shares directly. The Form 4 was signed by an attorney-in-fact on 09/15/2025.

Positive

• Reporting person retains a substantial direct stake of 234,959 shares after the withholding, indicating continued alignment with shareholders
• Transaction was a tax-withholding related to restricted stock vesting, not an open-market sale, which reduces interpretation as a sign of loss of confidence

Negative

• 2,927 shares were disposed (withheld) at $85.57, modestly reducing the reporting persons holdings
• Form 4 provides no additional context about the size or schedule of remaining unvested awards beyond the withholding event

Insights

Financial Analyst

TL;DR: Routine tax-withholding disposition following restricted stock vesting; not a market-driven sale and leaves a substantial executive stake.

The Form 4 documents a disposition coded F, indicating shares were withheld to cover taxes when restricted stock vested, rather than an open-market sale. The quantity withheld—2,927 shares at $85.57—is small relative to the remaining direct holdings of 234,959 shares. This transaction is typically nondispositive for the companys operational outlook and is unlikely to signal a change in executive sentiment.

Corporate Governance Expert

TL;DR: Administrative compliance disclosure reflecting standard executive compensation mechanics, not a governance red flag.

This filing follows expected reporting practices for an officer receiving restricted stock. The explanation explicitly states the withholding was to satisfy tax obligations upon vesting, which aligns with common equity compensation administration. The reporting person remains an officer with a sizable direct stake, preserving 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

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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^*

Ryan Daniel J

(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)
	Co-President and 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		2,927(1)	D	$85.57	234,959	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 transaction did Ryan Daniel J report on Form 4 for ARE?

The filing reports a disposition of 2,927 shares on 09/15/2025 coded F, indicating shares were withheld to satisfy taxes upon vesting.

How many shares does the reporting person own after the reported transaction?

The reporting person beneficially owns 234,959 shares directly after the withholding.

What price is shown for the shares withheld on 09/15/2025?

The Form 4 lists a price of $85.57 per share for the withheld shares.

What is the reporting persons role at Alexandria Real Estate Equities (ARE)?

The form identifies the reporting person as an Officer with the title Co-President and RMD.

Who signed the Form 4 and when?

The document was signed by Jennifer Consul, Attorney-in-Fact on 09/15/2025.