Nicholas Look - Jun 28, 2023 Form 4 Insider Report for SmartStop Self Storage REIT, Inc. (n/a)

Role
General Counsel and Secretary
Signature
/s/ Nicholas M. Look
Stock symbol
n/a
Transactions as of
Jun 28, 2023
Transactions value $
-$5,798
Form type
4
Date filed
6/29/2023, 09:41 AM
Previous filing
Apr 28, 2023
Next filing
Mar 11, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction n/a Class A Common Stock Tax liability -$5.8K -405 -8.64% $14.30* 4.28K Jun 28, 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
holding n/a Long-Term Incentive Plan Units 28.1K Jun 28, 2023 Class A Common Stock 28.1K $0.00 Direct F2, F3
holding n/a Long-Term Incentive Plan Units 21.6K Jun 28, 2023 Class A Common Stock 21.6K $0.00 Direct F2, F4
holding n/a Class A-1 Units 49.5K Jun 28, 2023 Class A Common Stock 49.5K $0.00 Direct F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

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 28,118.95 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 21,553.63 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 49,506 Class A-1 Units previously reported as being owned by the Reporting Person.