EXR CEO Margolis reports stock grants, tax withholdings and large EXR gifts

Rhea-AI Filing Summary

Extra Space Storage Inc. Chief Executive Officer Joseph D. Margolis reported multiple equity-related transactions in company common stock. On March 1, 2026, he acquired 6,898 shares and 17,381 shares through grants or awards at a price of $151.03 per share, increasing his directly held shares to 61,189 before tax withholdings.

On the same date, 1,065 shares, 1,264 shares, 1,682 shares, and 1,886 shares were disposed of at $151.03 per share to cover tax liabilities tied to vested performance stock units and restricted stock awards, leaving 55,292 shares directly held. Earlier, on March 13, 2025 and March 11, 2024, there were bona fide gifts of 17,184-share and 30,291-share blocks from both direct holdings and a trust titled “J Margolis & K Margolis TTEE.”

Holdings are also reported indirectly through Cove Hollow Lane I, LLC with 97,260 shares and Cove Hollow Lane II, LLC with 9,190 shares as of March 11, 2024, where Margolis disclaims beneficial ownership except for his pecuniary interest.

Insider Trade Summary

94,950 shares gifted

Mixed 12 txns

Insider Margolis Joseph D

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	6,898	$151.03	$1.04M
Grant/Award	Common Stock	17,381	$151.03	$2.63M
Tax Withholding	Common Stock	1,065	$151.03	$161K
Tax Withholding	Common Stock	1,264	$151.03	$191K
Tax Withholding	Common Stock	1,682	$151.03	$254K
Tax Withholding	Common Stock	1,886	$151.03	$285K
Gift	Common Stock	17,184	$0.00	--
Gift	Common Stock	17,184	$0.00	--
Gift	Common Stock	30,291	$0.00	--
Gift	Common Stock	30,291	$0.00	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 43,808 shares (Direct); Common Stock — 59,543 shares (Indirect, J Margolis & K Margolis TTEE)

Footnotes (1)

1. Shares held in J Margolis & K Margolis TTEE Joseph Daniel Margolis Revocab U/A DTD 05/24/2013. Represents the number of shares of common stock issued upon the vesting of performance stock units (PSUs), net of shares withheld by the Issuer in payment of the tax liability arising in connection with the settlement of vested PSUs. Each PSU represented a contingent right to receive shares of the Issuers common stock. The PSUs were originally granted on March 1, 2023 and were eligible to vest based on the Issuer achievement of certain performance objectives during the three-year performance period ending December 31, 2025. On February 10, 2026, the Compensation Committee of the Board of Directors of the Issuer certified the Issuer achievement relative to the applicable performance objectives and approved the vesting of the PSUs with respect to these shares effective March 1, 2026. Restricted stock awards vest 25% annually over four years, beginning on the first anniversary of the grant date. Represents shares withheld by the Issuer in payment of the tax liability arising in connection with the settlement of vested restricted stock awards. Restricted stock awards vest 25% annually over four years, beginning on the first anniversary of the grant date. The reporting person controls the investment decisions with respect to shares of common stock held by Cove Hollow Lane I, LLC. The reporting person disclaims beneficial ownership in the common stock held by Cove Hollow Lane I, LLC, except to the extent of his pecuniary interest therein. The reporting person disclaims beneficial ownership in the common stock held by Cove Hollow Lane II, LLC, except to the extent of his pecuniary interest therein.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Margolis Joseph D

(Last) (First) (Middle)

2795 EAST COTTONWOOD PARKWAY

SUITE 300

(Street)

SALT LAKE CITY UT 84121

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Extra Space Storage Inc. [ EXR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/11/2024

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/11/2024		G		30,291	D	$0	54,094	D
Common Stock	03/11/2024		G		30,291	A	$0	42,359	I	J Margolis & K Margolis TTEE(1)
Common Stock	03/13/2025		G		17,184	D	$0	36,910	D
Common Stock	03/13/2025		G		17,184	A	$0	59,543	I	J Margolis & K Margolis TTEE(1)
Common Stock	03/01/2026		A		6,898(2)	A	$151.03	43,808	D
Common Stock	03/01/2026		A		17,381(3)	A	$151.03	61,189	D
Common Stock	03/01/2026		F		1,065(4)	D	$151.03	60,124	D
Common Stock	03/01/2026		F		1,264(4)	D	$151.03	58,860	D
Common Stock	03/01/2026		F		1,682(4)	D	$151.03	57,178	D
Common Stock	03/01/2026		F		1,886(4)	D	$151.03	55,292	D
Common Stock								97,260	I	Cove Hollow Lane I, LLC(5)
Common Stock								9,190	I	Cove Hollow Lane II, LLC(6)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Shares held in J Margolis & K Margolis TTEE Joseph Daniel Margolis Revocab U/A DTD 05/24/2013.

2. Represents the number of shares of common stock issued upon the vesting of performance stock units (PSUs), net of shares withheld by the Issuer in payment of the tax liability arising in connection with the settlement of vested PSUs. Each PSU represented a contingent right to receive shares of the Issuers common stock. The PSUs were originally granted on March 1, 2023 and were eligible to vest based on the Issuer achievement of certain performance objectives during the three-year performance period ending December 31, 2025. On February 10, 2026, the Compensation Committee of the Board of Directors of the Issuer certified the Issuer achievement relative to the applicable performance objectives and approved the vesting of the PSUs with respect to these shares effective March 1, 2026.

3. Restricted stock awards vest 25% annually over four years, beginning on the first anniversary of the grant date.

4. Represents shares withheld by the Issuer in payment of the tax liability arising in connection with the settlement of vested restricted stock awards. Restricted stock awards vest 25% annually over four years, beginning on the first anniversary of the grant date.

5. The reporting person controls the investment decisions with respect to shares of common stock held by Cove Hollow Lane I, LLC. The reporting person disclaims beneficial ownership in the common stock held by Cove Hollow Lane I, LLC, except to the extent of his pecuniary interest therein.

6. The reporting person disclaims beneficial ownership in the common stock held by Cove Hollow Lane II, LLC, except to the extent of his pecuniary interest therein.

Remarks:

	/s/ Grace Kunde, Attorney-in-Fact	03/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transactions did EXR CEO Joseph D. Margolis report on March 1, 2026?

Joseph D. Margolis reported acquiring 6,898 and 17,381 EXR common shares via equity grants at $151.03 per share. On the same date, several smaller blocks were disposed of to satisfy tax withholdings related to vested performance stock units and restricted stock awards.

Were the March 1, 2026 EXR stock disposals by the CEO open-market sales?

The March 1, 2026 disposals were not open-market sales; they were tax-withholding transactions. Shares were withheld by Extra Space Storage to cover tax liabilities from vested performance stock units and restricted stock awards, as described in the accompanying footnotes.

How many Extra Space Storage shares does Joseph D. Margolis hold directly after these Form 4 transactions?

After the March 1, 2026 equity grants and related tax withholdings, Joseph D. Margolis directly holds 55,292 shares of Extra Space Storage common stock. This figure reflects acquisitions through awards and subsequent share dispositions to satisfy tax obligations on vested equity.

What gifts of EXR stock were reported by Joseph D. Margolis in 2024 and 2025?

He reported bona fide gifts of 17,184-share blocks and 30,291-share blocks of Extra Space Storage common stock on March 13, 2025 and March 11, 2024. These gifts came from both direct holdings and shares held in a trust titled “J Margolis & K Margolis TTEE.”

What indirect EXR ownership is associated with Joseph D. Margolis through LLCs?

Indirect holdings include 97,260 Extra Space Storage shares via Cove Hollow Lane I, LLC and 9,190 shares via Cove Hollow Lane II, LLC as of March 11, 2024. Margolis disclaims beneficial ownership of these LLC-held shares except to the extent of his pecuniary interest.

How do performance stock units factor into Joseph D. Margolis’s 2026 EXR share acquisitions?

Part of the reported 2026 share activity reflects vesting of performance stock units originally granted on March 1, 2023. The compensation committee certified performance on February 10, 2026, leading to PSU vesting effective March 1, 2026 and issuance of common stock, net of tax-withheld shares.