Extra Space Storage CEO reports stock gifts
Extra Space Storage Inc. CEO Joseph D. Margolis reported two bona fide gift transactions in common stock on August 4, 2026: a gift disposition of 13,503 indirectly held shares and a gift acquisition of 13,503 shares held through a revocable trust.
Rhea-AI Filing Summary
Extra Space Storage Inc. CEO Joseph D. Margolis reported two bona fide gift transactions in common stock on August 4, 2026: a gift disposition of 13,503 indirectly held shares and a gift acquisition of 13,503 shares held through a revocable trust.
After these entries, he reports indirect holdings of 83,757 shares through Cove Hollow Lane I, LLC, 79,998 shares through J Margolis & K Margolis TTEE, and 9,190 shares through Cove Hollow Lane II, LLC, plus 40,840 shares held directly, with beneficial ownership of the LLC-held shares disclaimed except for any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
27,006 shares gifted
Gift
4 txns
Insider
Margolis Joseph D
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock F1 | 13,503 | $0.00 | $0.00 |
| Gift | Common Stock F2 | 13,503 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock F3 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 83,757 shares (Indirect, Cove Hollow Lane I, LLC);
Common Stock — 79,998 shares (Indirect, J Margolis & K Margolis TTEE);
Common Stock — 40,840 shares (Direct);
Common Stock — 9,190 shares (Indirect, Cove Hollow Lane II, LLC)
Footnotes (3)
- F1. 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.
- F2. Shares held in J Margolis & K Margolis TTEE Joseph Daniel Margolis Revocab U/A DTD 05/24/2013.
- F3. 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.
Key Figures
Gifted shares disposed: 13,503 shares
Gifted shares acquired: 13,503 shares
Indirect holdings via Cove Hollow Lane I, LLC: 83,757 shares
+3 more
6 metrics
Gifted shares disposed
13,503 shares
Bona fide gift disposition from Cove Hollow Lane I, LLC on August 4, 2026
Gifted shares acquired
13,503 shares
Bona fide gift acquisition into J Margolis & K Margolis TTEE on August 4, 2026
Indirect holdings via Cove Hollow Lane I, LLC
83,757 shares
Indirect common stock position reported following gift disposition
Indirect holdings via J Margolis & K Margolis TTEE
79,998 shares
Indirect common stock position held in a revocable trust after gift acquisition
Direct holdings
40,840 shares
Common stock held directly by Joseph D. Margolis after the reported transactions
Indirect holdings via Cove Hollow Lane II, LLC
9,190 shares
Indirect common stock position where beneficial ownership is disclaimed except for pecuniary interest
Key Terms
bona fide gift, beneficial ownership, pecuniary interest, indirect ownership
4 terms
bona fide gift regulatory
"transaction_code_description: Bona fide gift"
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
beneficial ownership financial
"The reporting person disclaims beneficial ownership in the common stock held"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"except to the extent of his pecuniary interest therein"
indirect ownership financial
"Shares reported as indirectly owned through LLCs and a revocable trust"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Extra Space Storage (EXR) disclose for Joseph D. Margolis?
Extra Space Storage (EXR) CEO Joseph D. Margolis reported two bona fide gift transactions of common stock on August 4, 2026, involving 13,503 shares disposed from one indirect account and 13,503 shares acquired into a revocable trust, both reported as indirect holdings.
What are Joseph D. Margolis’s indirect Extra Space Storage (EXR) holdings after the transactions?
After the reported gifts, Joseph D. Margolis reports indirect interests in 83,757 EXR shares via Cove Hollow Lane I, LLC, 79,998 shares via J Margolis & K Margolis TTEE, and 9,190 shares via Cove Hollow Lane II, LLC, with beneficial ownership of LLC-held shares disclaimed except for any pecuniary interest.
Were the Extra Space Storage (EXR) insider gifts made under a Rule 10b5-1 plan?
The Form 4 indicates the Rule 10b5-1 checkbox is not affirmed, so these EXR gift transactions are not reported as being made under a Rule 10b5-1 trading plan. The filing instead characterizes them simply as bona fide gifts of common stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
