Ares Real Estate grants 9,120 RSUs to director

Sanchez Bryan B. reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Sanchez Bryan B. reported acquisition or exercise transactions in this Form 4 filing.

Ares Real Estate Income Trust Inc. reported that director Bryan B. Sanchez received a grant of 9,120.870 shares of Class I-R Common Stock in the form of restricted stock units on 2026-08-06. The award has a stated price of $0.0000 per share and is subject to specified vesting and settlement provisions. Following this award, Sanchez directly holds 9,120.870 restricted stock units.

Insider Trade Summary

Grant/Award: 9,120.87 shares

Grant/Award 1 txn

Insider Sanchez Bryan B.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class I-R Common Stock F1, F2	9,120.87	$0.00	$0.00

Holdings After Transaction: Class I-R Common Stock — 9,120.87 shares (Direct)

Footnotes (2)

1. F1. The shares reported relate to restricted stock units awarded to the reporting person and are subject to specified vesting and settlement provisions.
2. F2. Includes 9,120.870 restricted stock units awarded to the reporting person that are subject to specified vesting and settlement provisions.

Key Figures

RSUs granted: 9,120.870 shares Grant price per share: $0.0000 Holdings after transaction: 9,120.870 shares

3 metrics

RSUs granted 9,120.870 shares Restricted stock units of Class I-R Common Stock awarded on 2026-08-06

Grant price per share $0.0000 Stated price for the restricted stock unit award

Holdings after transaction 9,120.870 shares Total restricted stock units directly held by Bryan B. Sanchez after the award

Key Terms

restricted stock units, vesting and settlement provisions, Class I-R Common Stock

3 terms

restricted stock units financial

"The shares reported relate to restricted stock units awarded to the reporting person"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

vesting and settlement provisions financial

"are subject to specified vesting and settlement provisions"

Class I-R Common Stock financial

"security_title: Class I-R Common Stock"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What transaction did Ares Real Estate Income Trust Inc. (ZARE) disclose for Bryan B. Sanchez?

Director Bryan B. Sanchez received a grant of 9,120.870 restricted stock units of Class I-R Common Stock. The units were awarded on 2026-08-06 and are subject to specified vesting and settlement provisions.

How many Ares Real Estate Income Trust Inc. (ZARE) shares does Bryan B. Sanchez hold after this Form 4?

After the reported award, Bryan B. Sanchez directly holds 9,120.870 restricted stock units. Footnotes state these units are subject to vesting and settlement conditions before they convert into shares of Class I-R Common Stock.

What type of security was granted to Bryan B. Sanchez by Ares Real Estate Income Trust Inc. (ZARE)?

The filing reports an award of restricted stock units tied to Class I-R Common Stock. These units represent a right to receive shares in the future, subject to specified vesting and settlement provisions described in the footnotes.

Was the Bryan B. Sanchez award at Ares Real Estate Income Trust Inc. (ZARE) a market purchase or a grant?

It was reported as a grant or award acquisition, not an open-market purchase. The transaction code is A, described as a grant, award, or other acquisition, with a stated price of $0.0000 per share and vesting conditions.

Is the Bryan B. Sanchez equity award at Ares Real Estate Income Trust Inc. (ZARE) under a Rule 10b5-1 plan?

The document-level Rule 10b5-1 checkbox is not checked. There is no indication in the data that this restricted stock unit award was made pursuant to a pre-arranged Rule 10b5-1 trading plan.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 08/10/2026 - 04:18 PM EDT Learn about SEC filing dates

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^*

Sanchez Bryan B.

(Last) (First) (Middle)

1200 SEVENTEENTH STREET

SUITE 2900

(Street)

DENVER COLORADO 80202

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Ares Real Estate Income Trust Inc. [ NONE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/06/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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
Class I-R Common Stock	08/06/2026		A		9,120.87(1)	A	$0	9,120.87(2)	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. The shares reported relate to restricted stock units awarded to the reporting person and are subject to specified vesting and settlement provisions.

2. Includes 9,120.870 restricted stock units awarded to the reporting person that are subject to specified vesting and settlement provisions.

	/s/ Andrew Ko, Attorney-in-Fact	08/10/2026
	** 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.
* Form 4: SEC 1474 (03-26)