Ares Real Estate Income Trust grants RSUs to director

Ares Real Estate Income Trust Inc. director John P. Woodberry reported an acquisition of 9,120.870 shares of Class I-R common stock in the form of restricted stock units.

Rhea-AI Filing Summary

Ares Real Estate Income Trust Inc. director John P. Woodberry reported an acquisition of 9,120.870 shares of Class I-R common stock in the form of restricted stock units. These units were awarded to him and are subject to specified vesting and settlement provisions. After including this award and additional shares credited through dividend equivalents on outstanding restricted stock units, his direct holdings total 74,920.559 shares of common stock.

Insider Trade Summary

Grant/Award: 9,120.87 shares

Grant/Award 1 txn

Insider Woodberry John P

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 — 74,920.559 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

Restricted stock units granted: 9,120.870 shares Price per share for award: $0.0000 Total shares after transaction: 74,920.559 shares

3 metrics

Restricted stock units granted 9,120.870 shares Award of Class I-R common stock restricted stock units to director on 2026-08-06

Price per share for award $0.0000 Equity compensation grant with no cash purchase price

Total shares after transaction 74,920.559 shares Director’s direct holdings after including RSU award and dividend equivalents

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 did Ares Real Estate Income Trust (ZARE) director John P. Woodberry report on this Form 4?

Director John P. Woodberry reported an acquisition of 9,120.870 restricted stock units of Class I-R common stock. These units were awarded as equity compensation and are subject to vesting and settlement conditions before becoming fully deliverable shares.

How many Ares Real Estate Income Trust (ZARE) shares does John P. Woodberry hold after this award?

Following the award, John P. Woodberry directly holds 74,920.559 shares of common stock. This total includes the newly awarded restricted stock units and additional shares credited through dividend equivalents on his outstanding restricted stock units.

What type of security did John P. Woodberry acquire in Ares Real Estate Income Trust (ZARE)?

He acquired Class I-R common stock in the form of restricted stock units. These units represent a right to receive shares in the future, subject to specified vesting and settlement provisions rather than an immediate cash purchase.

Was there a purchase price for the Ares Real Estate Income Trust (ZARE) restricted stock units granted to Woodberry?

The reported per-share price is $0.0000, indicating the 9,120.870 restricted stock units were granted as a compensatory award. Their value depends on future stock value and vesting, not on any cash paid by Woodberry at grant.

How were dividend equivalents treated in John P. Woodberry’s Ares Real Estate Income Trust (ZARE) holdings?

His total of 74,920.559 shares reflects additional common shares received as dividend equivalents. These were accrued on his outstanding restricted stock units and credited as extra shares rather than paid out in cash.

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

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Accepted by SEC EDGAR 08/10/2026 - 04:21 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^*

Woodberry John P

(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	74,920.559(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)