H. Michael Schwartz - 21 Feb 2023 Form 4 Insider Report for SmartStop Self Storage REIT, Inc. (SMA)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ H. Michael Schwartz
Issuer symbol
SMA
Transactions as of
21 Feb 2023
Net transactions value
$0
Form type
4
Filing time
23 Feb 2023, 16:47:28 UTC
Previous filing
10 Aug 2022
Next filing
06 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding SMA Class A Common Stock 483,224 21 Feb 2023 See Footnote 1. F1
holding SMA Class A Common Stock 117,261 21 Feb 2023 Through Schwartz Family Trust dated September 22, 2003 F2

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 SMA Long-Term Incentive Plan Units Award $0 +191,429 +53% $0.000000 551,876 21 Feb 2023 Class A Common Stock 191,429 $0.000000 Through Schwartz Family Trust dated September 22, 2003 F5, F6
transaction SMA Long-Term Incentive Plan Units Award $0 +188,572 +78% $0.000000 428,870 21 Feb 2023 Class A Common Stock 188,572 $0.000000 Through Schwartz Family Trust dated September 22, 2003 F5, F7
holding SMA Class A Common Units 116 21 Feb 2023 Class A Common Stock 116 $0.000000 Direct F3
holding SMA Class A Common Units 386,173 21 Feb 2023 Class A Common Stock 386,173 $0.000000 See Footnote 4. F3, F4
holding SMA Class A-1 Units 9,590,782 21 Feb 2023 Class A Common Stock 9,590,782 $0.000000 See Footnote 9. F8, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents 483,224 shares of Class A Common Stock owned by SmartStop OP Holdings, LLC ("SOH") previously reported as being owned by the Reporting Person. SOH is indirectly owned and controlled by the Reporting Person.
F2 Represents 117,260.79 shares of restricted stock previously reported as being owned by the Reporting Person.
F3 Represents Class A common units ("Class A Common Units") of SmartStop OP, L.P., the Issuer's operating partnership (the "Operating Partnership"). 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.
F4 Represents 386,173 Class A Common Units owned by SOH previously reported as being owned by the Reporting Person.
F5 Represents long-term incentive plan units ("LTIP Units") of the Operating Partnership. Vested LTIP Units are convertible into Class A Common Units.
F6 Represents 191,429 LTIP Units issued to the Reporting Person pursuant to the Issuer's incentive plan, which LTIP Units vest ratably over four years commencing on December 31, 2023, subject to the Reporting Person's continued employment or service through each vesting date.
F7 Represents 188,572 LTIP Units issued to the Reporting Person pursuant to the Issuer's incentive plan, 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, the LTIP Units, as adjusted, will vest no later than March 31, 2026.
F8 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.
F9 Represents 9,590,781.71 Class A-1 Units owned by SOH previously reported as being owned by the Reporting Person.