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

Rhea-AI Filing Summary

Extra Space Storage Chief Executive Officer Joseph D. Margolis reported several stock moves involving company common shares. On March 13, 2026, a family trust for which he serves as trustee sold 7,500 shares in an open‑market transaction at $142.08 per share under a pre‑arranged Rule 10b5‑1 trading plan. Following this sale, that trust continues to hold 66,495 shares indirectly.

On March 6, 2026, Margolis reported bona fide gift transfers totaling 28,904 shares, split between his direct holdings and the same family trust, leaving him with 40,840 shares held directly. The filing also lists additional indirect positions of 97,260 shares in Cove Hollow Lane I, LLC and 9,190 shares in Cove Hollow Lane II, LLC, where he disclaims beneficial ownership except for his pecuniary interest.

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)
03/06/2026

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	03/06/2026		G		14,452	D	$0	40,840	D
Common Stock	03/06/2026		G		14,452	A	$0	73,995	I	J Margolis & K Margolis TTEE(1)
Common Stock	03/13/2026		S(2)		7,500	D	$142.08	66,495	I	J Margolis & K Margolis TTEE(1)
Common Stock								97,260	I	Cove Hollow Lane I, LLC(3)
Common Stock								9,190	I	Cove Hollow Lane II, LLC(4)

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. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person dated as of February 28, 2025.

3. 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.

4. 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	03/16/2026
	** 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 Margolis report in this Form 4?

Joseph Margolis reported an open‑market sale of 7,500 Extra Space Storage shares at $142.08 per share and two bona fide gift transfers totaling 28,904 shares. The filing also updates his remaining direct and indirect shareholdings across various entities.

Was the EXR CEO’s 7,500‑share sale made under a Rule 10b5-1 plan?

Yes. The 7,500‑share sale at $142.08 per share was executed pursuant to a Rule 10b5‑1 trading plan adopted on February 28, 2025. Rule 10b5‑1 plans pre‑schedule trades, making transaction timing more routine and less discretionary.

How many Extra Space Storage (EXR) shares does Joseph Margolis hold directly after these transactions?

After the reported bona fide gifts, Joseph Margolis directly holds 40,840 shares of Extra Space Storage common stock. This direct position is separate from his indirect holdings through a family trust and two LLCs disclosed in the same Form 4 filing.

What indirect EXR holdings are reported for Joseph Margolis and related entities?

The filing shows 66,495 shares indirectly held through a family trust after the sale, plus 97,260 shares in Cove Hollow Lane I, LLC and 9,190 shares in Cove Hollow Lane II, LLC. Margolis disclaims beneficial ownership in the LLC holdings except for his pecuniary interest.

What were the details of the gift transfers reported by EXR’s CEO?

On March 6, 2026, Joseph Margolis reported two bona fide gift transfers, each for 14,452 shares of Extra Space Storage common stock. One gift involved his direct holdings and the other the family trust, totaling 28,904 shares transferred without consideration.

Does the Form 4 show any option exercises or derivative transactions for EXR’s CEO?

No derivative or option exercises are listed in this Form 4. The transactions involve only common stock: one open‑market sale via a family trust and two bona fide gift transfers, plus updated holding entries for indirect positions in the Cove Hollow Lane entities.