H. Michael Schwartz - Mar 7, 2024 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 7, 2024
Transactions value $
$0
Form type
4
Date filed
3/11/2024, 07:00 PM
Previous 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 7, 2024 See Footnote 1. F1
holding n/a Class A Common Stock 117K Mar 7, 2024 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 +188K +34.05% $0.00 740K Mar 7, 2024 Class A Common Stock 188K $0.00 Through Schwartz Family Trust dated September 22, 2003 F5, F6
transaction n/a Long-Term Incentive Plan Units Award $0 +185K +43.16% $0.00 614K Mar 7, 2024 Class A Common Stock 185K $0.00 Through Schwartz Family Trust dated September 22, 2003 F5, F7
holding n/a Class A Common Units 116 Mar 7, 2024 Class A Common Stock 116 $0.00 Direct F3
holding n/a Class A Common Units 386K Mar 7, 2024 Class A Common Stock 386K $0.00 See Footnote 4. F3, F4
holding n/a Class A-1 Units 9.59M Mar 7, 2024 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 187,897 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, 2024, subject to the Reporting Person's continued employment or service through each vesting date.
F7 Represents 185,094 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, 2027.
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.