Gerald Valle - 02 Mar 2023 Form 4 Insider Report for SmartStop Self Storage REIT, Inc. (SMA)

Role: SVP, Self-Storage Operations
Signature: /s/ Gerald Valle
Issuer symbol: SMA
Transactions as of: 02 Mar 2023
Net transactions value: $0
Form type: 4
Filing time: 06 Mar 2023, 16:53:18 UTC
Previous filing: 23 Feb 2023
Next filing: 29 Jun 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						7,036	02 Mar 2023	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	SMA	Long-Term Incentive Plan Units	Award	$0	+4,125	+27%	$0.000000	19,571	02 Mar 2023	Class A Common Stock	4,125	$0.000000	Direct	F2, F4
holding	SMA	Long-Term Incentive Plan Units						26,591	02 Mar 2023	Class A Common Stock	26,591	$0.000000	Direct	F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents 7,035.65 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 26,590.61 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.
F4	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, 4,125.4 LTIP Units previously reported as being owned by the Reporting Person vested.