[Form 4] Extra Space Storage, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Form 4 Overview – Extra Space Storage Inc. (EXR)

EVP & Chief Strategy & Partnerships Officer William N. Springer reported a Code F transaction on 01 July 2025. Code F indicates the issuer withheld shares to cover taxes generated by the vesting of restricted stock rather than an open-market sale.

• Shares withheld: 138 common shares at an implied price of $150.50.
• Purpose: Satisfy payroll-tax obligations related to restricted stock that vested (25% per year over four years).
• Post-transaction holding: 20,020 EXR shares held directly.

The withholding represents <0.01 % of EXR’s ~210 million outstanding shares and around 0.7 % of Springer's personal stake. Because no discretionary sale or purchase occurred, the filing is generally viewed as neutral from a market-signal perspective.

Positive

• Insider retains a sizable 20,020-share position, indicating continued alignment with shareholders.

Negative

• Minor dilution of insider ownership due to 138 shares surrendered, though impact is immaterial.

Insights

Financial Analyst

TL;DR Springer surrendered 138 shares for taxes; holdings remain 20k — neutral signal.

The insider activity is procedural. Code F confirms the company withheld 138 shares worth roughly $20,800 to cover tax on restricted-stock vesting. Such transactions neither reflect bullish nor bearish sentiment. Springer's remaining 20,020 shares align him with shareholder interests and indicate continued exposure to EXR’s performance. Overall impact on share supply, insider ownership trends, and market perception is immaterial.

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
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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^*

Springer William N

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Chief S & P Officer

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2025

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	07/01/2025		F		138(1)	D	$150.5	20,020	D

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. 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.

Remarks:

	/s/ Grace Kunde, Attorney-in-Fact	07/03/2025
	** 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

Who filed the Form 4 for EXR?

EVP & Chief Strategy & Partnerships Officer William N. Springer.

What type of transaction was reported?

A Code F withholding of 138 shares to cover tax obligations on vested restricted stock.

How many EXR shares does the insider now own?

After the withholding, Springer owns 20,020 common shares directly.

Did the insider buy or sell shares on the open market?

No. The shares were withheld by the issuer; there was no discretionary market trade.

When did the transaction occur?

The transaction date was 01 July 2025.