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

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ H. Michael Schwartz
Stock symbol
n/a
Transactions as of
Feb 21, 2023
Transactions value $
$0
Form type
4
Date filed
2/23/2023, 04:47 PM
Previous filing
Aug 10, 2022
Next filing
Mar 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding n/a Class A Common Stock 483K Feb 21, 2023 See Footnote 1. F1
holding n/a Class A Common Stock 117K Feb 21, 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 n/a Long-Term Incentive Plan Units Award $0 +191K +53.11% $0.00 552K Feb 21, 2023 Class A Common Stock 191K $0.00 Through Schwartz Family Trust dated September 22, 2003 F5, F6
transaction n/a Long-Term Incentive Plan Units Award $0 +189K +78.47% $0.00 429K Feb 21, 2023 Class A Common Stock 189K $0.00 Through Schwartz Family Trust dated September 22, 2003 F5, F7
holding n/a Class A Common Units 116 Feb 21, 2023 Class A Common Stock 116 $0.00 Direct F3
holding n/a Class A Common Units 386K Feb 21, 2023 Class A Common Stock 386K $0.00 See Footnote 4. F3, F4
holding n/a Class A-1 Units 9.59M Feb 21, 2023 Class A Common Stock 9.59M $0.00 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.