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Extra Space Storage (EXR) CAO logs stock grant and tax-withheld shares

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Extra Space Storage Inc. (EXR) chief accounting officer Grace Kunde reported equity compensation activity involving company common stock. On March 1, 2026, she acquired 1,292 shares of common stock as a grant, award, or other acquisition valued at $151.03 per share. According to the footnotes, these restricted stock awards vest 25% annually over four years, beginning on the first anniversary of the grant date.

On the same date, 117 shares of common stock, at $151.03 per share, were disposed of as a tax-withholding disposition to cover tax liabilities arising from the settlement of vested restricted stock awards. After these transactions, Kunde directly owned 14,922 shares of Extra Space Storage common stock.

Positive

  • None.

Negative

  • None.
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*
KUNDE GRACE

(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)
CAO
3. Date of Earliest Transaction (Month/Day/Year)
03/01/2026
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 03/01/2026 A 1,292(1) A $151.03 15,039 D
Common Stock 03/01/2026 F 117(2) D $151.03 14,922 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. Restricted stock awards vest 25% annually over four years, beginning on the first anniversary of the grant date.
2. 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 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 did Extra Space Storage (EXR) CAO Grace Kunde report on this Form 4?

Grace Kunde reported a stock-based compensation transaction and related tax withholding. She received a grant of 1,292 shares of Extra Space Storage common stock and had 117 shares withheld to satisfy tax liabilities associated with vested restricted stock awards.

How many Extra Space Storage (EXR) shares did Grace Kunde acquire?

Grace Kunde acquired 1,292 shares of Extra Space Storage common stock through a grant, award, or other acquisition. The transaction was priced at $151.03 per share and involved restricted stock that vests over four years, 25% annually starting one year after the grant date.

Why were 117 Extra Space Storage (EXR) shares disposed of in this filing?

The 117 shares were disposed of to cover tax liabilities from vested restricted stock awards. The filing states these shares were withheld by Extra Space Storage at $151.03 per share in payment of the tax liability, not sold in an open-market transaction.

What is the vesting schedule for Grace Kunde’s Extra Space Storage (EXR) restricted stock awards?

The restricted stock awards vest 25% annually over four years. Vesting begins on the first anniversary of the grant date, meaning the award is spread evenly across four years, with a quarter of the shares becoming vested and non-forfeitable each year.

How many Extra Space Storage (EXR) shares does Grace Kunde own after these transactions?

After the reported transactions, Grace Kunde directly owns 14,922 shares of Extra Space Storage common stock. This total reflects the restricted stock grant and the tax-withholding disposition described, as reported in the post-transaction ownership figures in the Form 4.

Were the Extra Space Storage (EXR) transactions by Grace Kunde open-market buys or sells?

No, the transactions were not open-market trades. The Form 4 describes one transaction as a grant, award, or other acquisition of restricted stock and the other as shares withheld to pay tax liabilities related to vested restricted stock awards.
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