| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | n/a | Class A Common Stock | Tax liability | -$11.6K | -811 | -6.81% | $14.30* | 11.1K | Jun 28, 2023 | Direct | F1 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| holding | n/a | Long-Term Incentive Plan Units | 53.9K | Jun 28, 2023 | Class A Common Stock | 53.9K | $0.00 | Direct | F2, F3 | |||||
| holding | n/a | Long-Term Incentive Plan Units | 37.5K | Jun 28, 2023 | Class A Common Stock | 37.5K | $0.00 | Direct | F2, F4 | |||||
| holding | n/a | Class A-1 Units | 124K | Jun 28, 2023 | Class A Common Stock | 124K | $0.00 | Direct | F5, F6 |
| Id | Content |
|---|---|
| F1 | Represents the number of shares being withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting and net settlement 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 53,894.48 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 37,486.75 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. |
| 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 | Represents 123,766 Class A-1 Units previously reported as being owned by the Reporting Person. |