[144] Extra Space Storage Inc. SEC Filing

Rhea-AI Filing Summary

Extra Space Storage Inc. (EXR) filing of Form 144 notifies the market of a proposed sale of 7,500 shares of common stock through Morgan Stanley Smith Barney LLC, with an aggregate market value of $1,057,050. The securities were acquired as restricted stock awards on 02/22/2023, and the approximate date of sale is listed as 10/01/2025. The filing shows 212,253,611 shares outstanding for the issuer. No securities were reported sold in the past three months. The filer affirms they are not aware of undisclosed material adverse information.

Positive

• Required disclosure provided—the filer notifies the market of the intended sale, improving transparency
• Source of shares specified as restricted stock awards acquired on 02/22/2023, clarifying the nature of the holdings

Negative

• Insider intends to sell shares (7,500 shares, $1,057,050), which some investors may view unfavorably
• Planned sale could add supply to market on or after 10/01/2025, though the filing gives no context for the sale

Insights

Securities Analyst

TL;DR: Routine insider notice of proposed sale; provides transparency about timing, broker, and source of shares.

The Form 144 discloses a planned sale of 7,500 common shares via Morgan Stanley Smith Barney, valued at $1,057,050, acquired as restricted stock awards on 02/22/2023. The filing is procedural and required when an insider intends to sell restricted or control securities under Rule 144; it does not by itself indicate performance issues. The notice also records 212,253,611 shares outstanding and reports no sales by the filer in the past three months. For investors, this is a transparency item rather than a financial performance disclosure.

Corporate Governance Specialist

TL;DR: Governance disclosure fulfilled; confirms broker, acquisition type, and filer representation about material non-disclosure.

The filing meets Rule 144 procedural requirements by identifying the broker, the nature of acquisition (restricted stock awards), the acquisition and payment dates, and the approximate sale date. The signature representation that the filer knows of no undisclosed material adverse information is included. As a governance disclosure, it documents intended insider liquidity but contains no new operational or financial data about the company.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	7500	1057050.00	212253611	10/01/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	02/22/2023	Restricted Stock Awards	Issuer			7500	02/22/2023	N/A

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the EXR Form 144 disclose?

It notifies the intended sale of 7,500 common shares through Morgan Stanley Smith Barney, with aggregate value $1,057,050 and approximate sale date 10/01/2025.

How were the shares to be sold acquired?

The shares were acquired as restricted stock awards on 02/22/2023 and paid for on that date.

Does the filing report recent sales by the filer?

No; the filing states "Nothing to Report" for securities sold during the past three months.

Which broker is handling the proposed sale?

Morgan Stanley Smith Barney LLC is named as the broker, at 1 New York Plaza, 8th Floor, New York, NY 10004.

How many shares outstanding does the filing show for the issuer?

212,253,611 shares outstanding are listed in the filing.