Fukuzaki-Carlson Kristina 4

What Happened
Kristina Fukuzaki‑Carlson, EVP — Business Operations at Alexandria Real Estate Equities (ARE), reported dispositions on 2026-01-23 that were not open‑market sales. She forfeited 1,120 restricted shares (disposition to issuer at $0 — no proceeds) and had 140 shares withheld by the issuer to satisfy a tax obligation; the withheld shares were valued at $59.69 each (total ≈ $8,357). These transactions reflect cancellation/withholding related to previously granted restricted stock, not a selloff in the market.

Key Details

• Transaction date: 2026-01-23; Filing date: 2026-01-27 (Form 4 accession 0001919198-26-000005).
• Dispositions reported: 1,120 shares (D) at $0.00 — represents forfeiture (Footnote F1); 140 shares (F) withheld at $59.69 each to satisfy taxes (Footnote F2), total ≈ $8,357.
• Total shares surrendered: 1,260 (1,120 forfeited + 140 withheld).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes: F1 = forfeiture of portion of a previously reported restricted stock award; F2 = issuer withheld shares to satisfy tax withholding on vesting.

Context
Forfeitures and issuer withholding are administrative actions tied to equity awards (e.g., RSU vesting terms) and do not represent an active market sale or purchase by the insider. Purchases typically convey stronger bullish signals; forfeitures/withholdings usually reflect grant mechanics or employment/vesting conditions rather than a view on the company’s stock.