Ares Real Estate director granted 9,120 RSUs

Duke Charles B reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Duke Charles B reported acquisition or exercise transactions in this Form 4 filing.

Ares Real Estate Income Trust Inc. reported that director Charles B. Duke received an award of 9,120.870 Class I-R common stock restricted stock units on 2026-08-06. These units are subject to specified vesting and settlement provisions. Following this grant and the accrual of dividend equivalents on outstanding awards, Duke’s holdings total 81,509.650 shares of common stock-equivalent interests held directly.

Insider Trade Summary

Grant/Award: 9,120.87 shares

Grant/Award 1 txn

Insider Duke Charles B

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class I-R Common Stock F1, F2, F3	9,120.87	$0.00	$0.00

Holdings After Transaction: Class I-R Common Stock — 81,509.65 shares (Direct)

Footnotes (3)

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.
3. F3. Total reflects additional shares of common stock received by the Reporting Person as a result of dividend equivalents accrued with respect to outstanding restricted stock units granted to the Reporting Person.

Key Figures

RSUs awarded: 9,120.870 shares Price per RSU: $0.0000 per share Total holdings after award: 81,509.650 shares +1 more

4 metrics

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

Price per RSU $0.0000 per share Equity compensation grant, not an open market purchase

Total holdings after award 81,509.650 shares Direct holdings after including new RSUs and dividend equivalents

Dividend equivalents credited Additional shares (unspecified count) Total reflects shares from dividend equivalents on outstanding RSUs

Key Terms

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

4 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"

dividend equivalents financial

"as a result of dividend equivalents accrued with respect to outstanding restricted stock units"

Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.

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 insider transaction did Ares Real Estate Income Trust (ZARE) report for Charles B. Duke?

Ares Real Estate Income Trust reported that director Charles B. Duke received 9,120.870 Class I-R common stock restricted stock units as a grant or award on 2026-08-06, subject to vesting and settlement provisions.

How many Ares Real Estate Income Trust (ZARE) shares does Charles B. Duke hold after the latest Form 4?

After the reported award, Charles B. Duke holds a total of 81,509.650 Class I-R common stock-equivalent shares. This total includes 9,120.870 newly awarded restricted stock units and additional shares from accrued dividend equivalents on prior restricted stock units.

What type of security did Charles B. Duke acquire in the Ares Real Estate Income Trust (ZARE) filing?

Charles B. Duke acquired restricted stock units tied to Class I-R Common Stock. These restricted stock units represent rights to receive common stock in the future and are subject to specified vesting and settlement provisions before delivery.

Was there a purchase price for Charles B. Duke’s new Ares Real Estate Income Trust (ZARE) restricted stock units?

The award to Charles B. Duke lists a per-unit price of $0.0000, indicating it was a grant or award rather than an open market purchase. The units function as equity compensation subject to vesting and later settlement into shares.

Do dividend equivalents affect Charles B. Duke’s Ares Real Estate Income Trust (ZARE) holdings?

Yes. The total 81,509.650 shares reflects extra shares received from dividend equivalents that accrued on previously granted restricted stock units. These dividend equivalents increase the number of shares ultimately credited to the reporting person.

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

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 08/10/2026 - 04:09 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^*

Duke Charles B

(Last) (First) (Middle)

1200 17TH 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	81,509.65(2)(3)	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.

3. Total reflects additional shares of common stock received by the Reporting Person as a result of dividend equivalents accrued with respect to outstanding restricted stock units granted to the Reporting Person.

	/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)