Wayne Johnson - Dec 9, 2021 Form 4 Insider Report for SmartStop Self Storage REIT, Inc. (N/A)

Role
President and CIO
Signature
/s/ Wayne Johnson
Stock symbol
N/A
Transactions as of
Dec 9, 2021
Transactions value $
$0
Form type
4
Date filed
12/9/2021, 08:05 PM
Next filing
Feb 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding N/A Class A Common Stock 23.5K Dec 9, 2021 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction N/A Class A-1 Units Other +495K 495K Dec 9, 2021 Class A Common Stock 495K $0.00 Direct F5, F6
holding N/A Long-Term Incentive Plan Units 40.8K Dec 9, 2021 Class A Common Stock 40.8K $0.00 Direct F2, F3
holding N/A Long-Term Incentive Plan Units 27.2K Dec 9, 2021 Class A Common Stock 27.2K $0.00 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents 23,452.16 shares of restricted stock previously reported as being owned by the Reporting Person.
F2 Represents long-term incentive plan units ("LTIP Units") of SmartStop OP, L.P., the Issuer's operating partnership (the "Operating Partnership"). Vested LTIP Units are convertible into Class A common units of the Operating Partnership ("Class A Common Units"). Class A Common Units are redeemable by the holder for, at the election of the Issuer, shares of Class A Common Stock of the Issuer on a one-for-one basis or the cash value of such shares.
F3 Represents 40,788.4 LTIP Units previously reported as being owned by the Reporting Person. The LTIP Units vest ratably over a four-year period commencing on December 31 of the year of grant, subject to the Reporting Person's continued employment or service through each vesting date. 20,627.1 LTIP Units were granted on April 22, 2020, and 20,161.3 LTIP Units were granted on April 19, 2021.
F4 Represents 27,192.3 LTIP Units previously reported as being owned by the Reporting Person, which number is equal to 200% of the target number of LTIP Units to be issued upon vesting. The actual number of LTIP Units to be issued upon vesting can range from 0% to 100% of the number of LTIP Units reported, based on achievement of specified performance measures. Assuming the achievement of the specified performance measures, 13,751.4 LTIP Units, as adjusted, will vest no later than March 31, 2023, and 13,440.9 LTIP Units, as adjusted, will vest no later than March 31, 2024.
F5 Represents Class A-1 limited partnership units ("Class A-1 Units") of the Operating Partnership. Class A-1 Units are redeemable by the holder for, at the election of the Issuer, shares of Class A Common Stock of the Issuer on a one-for-one basis or the cash value of such shares.
F6 On December 9, 2021, the Reporting Person acquired 495,063 Class A-1 Units from SS Asset Management Holdings, LLC ("SSAMH"), in exchange for the complete redemption of the Reporting Person's equity interests in SSAMH.