Gerald Valle - 07 Mar 2024 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: 07 Mar 2024
Net transactions value: $0
Form type: 4
Filing time: 11 Mar 2024, 19:54:58 UTC
Previous 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						6,427	07 Mar 2024	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	+6,181	+23%	$0.000000	32,772	07 Mar 2024	Class A Common Stock	6,181	$0.000000	Direct	F2, F3
transaction	SMA	Long-Term Incentive Plan Units	Award	$0	+6,090	+31%	$0.000000	25,661	07 Mar 2024	Class A Common Stock	6,090	$0.000000	Direct	F2, F4

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

Explanation of Responses:

Id	Content
F1	Represents 6,427.43 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 6,181 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.
F4	Represents 6,090 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.