Kuhn Hallie E. 4

What Happened

• Hallie E. Kuhn, EVP - Cap Market & Co-Lead - LS at Alexandria Real Estate Equities (ARE), reported that 858 shares were withheld by the issuer on March 13, 2026 to satisfy a tax obligation related to the vesting of restricted stock. The withholding was recorded at $48.41 per share for a total value of approximately $41,536.
• This was a tax-withholding disposition (routine administrative action), not an open-market sale or purchase by the insider.

Key Details

• Transaction date: 2026-03-13; Form 4 filed: 2026-03-17 (filed within the required reporting window).
• Price used for withholding: $48.41 per share; shares withheld: 858; total value: $41,536 (rounded).
• Transaction code: F (shares withheld to satisfy tax obligation upon vesting of restricted stock). Footnote: F1 — issuer withheld shares to meet the reporting person’s tax liability on vesting.
• Shares owned after the transaction: not specified in the provided filing.

Context

• Tax-withholding on vested restricted stock is a routine administrative event and does not represent a discretionary sale or purchase by the insider; it reduces the insider’s share count but is not a market signal of confidence.
• For retail investors tracking insider activity, purchases or open-market sales are typically more informative than withholding transactions.