Joseph H. Robinson - Mar 2, 2023 Form 4 Insider Report for SmartStop Self Storage REIT, Inc. (n/a)

Role: Chief Operations Officer
Signature: /s/ Joseph H. Robinson
Stock symbol: n/a
Transactions as of: Mar 2, 2023
Transactions value $: $0
Form type: 4
Date filed: 3/6/2023, 07:24 PM
Previous filing: Feb 23, 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	Award	$0	+6.39K	+218%	$0.00	9.32K	Mar 2, 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						56K	Mar 2, 2023	Class A Common Stock	56K	$0.00	Direct	F2, F3
holding	n/a	Long-Term Incentive Plan Units						37.3K	Mar 2, 2023	Class A Common Stock	37.3K	$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	Includes shares of restricted stock previously reported as being owned by the Reporting Person, which shares of restricted stock were subject to vesting based on the achievement of specified performance measures. The actual number of shares of restricted stock to be issued upon vesting could range from 0% to 200% of the number of shares of restricted stock 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 200% of the number of shares of restricted stock previously reported should vest. Accordingly, on March 2, 2023, 3,195.3 shares of restricted stock previously reported as being owned by the Reporting Person vested, and an additional 3,195.3 shares of restricted stock were issued to 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 56,007.58 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 37,280.45 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.