Ernest S. Rady - May 4, 2023 Form 4 Insider Report for American Assets Trust, Inc. (AAT)

Role: Chairman & CEO, Director, 10%+ Owner
Signature: /s/ Adam Wyll, Attorney-in-fact
Stock symbol: AAT
Transactions as of: May 4, 2023
Transactions value $: $3,377,000
Form type: 4
Date filed: 5/5/2023, 04:35 PM
Previous filing: May 3, 2023
Next filing: May 10, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AAT	Common Stock, par value $0.01	Purchase	$1.49M	+80K	+1.08%	$18.60	7.48M	May 4, 2023	By ERT	F1
transaction	AAT	Common Stock, par value $0.01	Purchase	$1.89M	+100K	+1.34%	$18.89	7.58M	May 5, 2023	By ERT	F1
holding	AAT	Common Stock, par value $0.01						2.27M	May 4, 2023	By AAI	F2
holding	AAT	Common Stock, par value $0.01						1.28M	May 4, 2023	By ICW	F3
holding	AAT	Common Stock, par value $0.01						719K	May 4, 2023	By RF	F4
holding	AAT	Common Stock, par value $0.01						200K	May 4, 2023	By EIC	F5
holding	AAT	Common Stock, par value $0.01						100K	May 4, 2023	By ESRT	F6
holding	AAT	Common Stock, par value $0.01						290K	May 4, 2023	Direct	F7

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents shares held by Ernest Rady Trust U/D/T March 10, 1983 ("ERT"), for which the Reporting Person is the trustee. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.
F2	Represents shares held by American Assets, Inc. ("AAI"), which is directly controlled by the Reporting Person. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.
F3	Represents shares held by Insurance Company of the West ("ICW"), which is directly controlled by the Reporting Person. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.
F4	Represents shares held by Rady Foundation ("RF"), which is directly controlled by the Reporting Person. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.
F5	Represents shares held by Explorer Insurance Company ("EIC"), which is directly controlled by the Reporting Person. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.
F6	Represents shares held by Evelyn Shirley Rady Trust U/D/T March 10, 1983 ("ESRT"), for which the Reporting Person is the trustee. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.
F7	Amount includes (a) 66,680 shares held by Ernest Rady IRA and (b) 223,468 shares of restricted common stock issued pursuant to the American Assets Trust, Inc. and American Assets Trust, L.P. Amended and Restated 2011 Equity Incentive Award Plan.