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

Role: Chief Accounting Officer
Signature: /s/ Michael O. Terjung
Stock symbol: N/A
Transactions as of: Dec 9, 2021
Transactions value $: $0
Form type: 4
Date filed: 12/9/2021, 08:14 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						9.38K	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		+124K			124K	Dec 9, 2021	Class A Common Stock	124K	$0.00	Direct	F5, F6
holding	N/A	Long-Term Incentive Plan Units						20.3K	Dec 9, 2021	Class A Common Stock	20.3K	$0.00	Direct	F2, F3
holding	N/A	Long-Term Incentive Plan Units						13.6K	Dec 9, 2021	Class A Common Stock	13.6K	$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 9,380.86 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 20,347.6 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. 8,250.8 LTIP Units were granted on April 22, 2020, and 12,096.8 LTIP Units were granted on April 19, 2021.
F4	Represents 13,565 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, 5,500.5 LTIP Units, as adjusted, will vest no later than March 31, 2023, and 8,064.5 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 123,766 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.