H. Michael Schwartz - Mar 2, 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
Mar 2, 2023
Transactions value $
$0
Form type
4
Date filed
3/6/2023, 04:17 PM
Previous filing
Feb 23, 2023
Next filing
Apr 28, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding n/a Class A Common Stock 483K Mar 2, 2023 See Footnote 1. F1
holding n/a Class A Common Stock 117K Mar 2, 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 +68.8K +19.09% $0.00 429K Mar 2, 2023 Class A Common Stock 68.8K $0.00 Through Schwartz Family Trust dated September 22, 2003 F5, F7
holding n/a Class A Common Units 116 Mar 2, 2023 Class A Common Stock 116 $0.00 Direct F3
holding n/a Class A Common Units 386K Mar 2, 2023 Class A Common Stock 386K $0.00 See Footnote 4. F3, F4
holding n/a Long-Term Incentive Plan Units 552K Mar 2, 2023 Class A Common Stock 552K $0.00 Through Schwartz Family Trust dated September 22, 2003 F5, F6
holding n/a Class A-1 Units 9.59M Mar 2, 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 551,876.16 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.
F7 Represents LTIP Units previously reported as being owned by the Reporting Person, which LTIP Units were subject to vesting based on the achievement of specified performance measures. The actual number of LTIP Units to be issued upon vesting could range from 0% to 100% of the number of LTIP Units reported based on the actual performance measure achieved. On March 2, 2023, the Compensation Committee of the Issuer's Board of Directors determined that a performance measure had been achieved such that 100% of the number of LTIP Units previously reported should vest. Accordingly, on March 2, 2023, 68,756.9 LTIP Units previously reported as being owned by the Reporting Person vested.
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.