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

Rhea-AI Filing Summary

William N. Springer, EVP, Chief S & P Officer of Extra Space Storage Inc. (EXR), reported a single transaction dated 09/11/2025. The filing shows a non-derivative disposition of 295 shares of Common Stock on that date under transaction code G at a reported price of $0. After the reported transaction, Mr. Springer is shown as directly owning 19,725 shares. The Form 4 was signed on behalf of the reporting person by an attorney-in-fact on 09/15/2025. The filing provides name and address details for the reporting person and confirms this is a Form filed by one reporting person.

Positive

• Complete reporting details are provided including name, address, role (EVP, Chief S & P Officer), transaction date, and post-transaction ownership
• Form signed by attorney-in-fact, indicating execution and submission (dated 09/15/2025)

Negative

• Transaction price listed as $0 without accompanying explanation in the filing
• No explanatory remarks are provided to clarify the nature of the transaction coded as 'G'

Insights

Securities Analyst

TL;DR: Insider reported a small disposition of 295 shares, retaining 19,725 shares after the transaction.

The filing documents a single non-derivative transaction by William N. Springer on 09/11/2025 coded as G with a reported price of $0. The absolute size of the disposition (295 shares) is modest relative to the remaining direct ownership reported (19,725 shares). The form contains standard signature and reporting details but does not include further context about the reason for the transaction or whether it was part of a plan. For investors, this is a routine insider reporting disclosure showing a small change in direct holdings.

Corporate Governance Expert

TL;DR: Routine Form 4 disclosure showing an insider sale/transfer; documentation and signature are in order.

The Form 4 identifies the reporting person as an officer (EVP, Chief S & P Officer) and includes address details, transaction date (09/11/2025), and a reported post-transaction ownership of 19,725 shares. The entry uses transaction code G and reports a price of $0; the filing is signed by an attorney-in-fact on 09/15/2025. The filing is orderly and complete for this single-line disclosure. The document does not provide explanation text or additional schedules beyond the required reporting line.

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^*

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)
09/11/2025

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	09/11/2025		G		295	D	$0	19,725	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:

Remarks:

	/s/ Grace Kunde, Attorney-in-Fact	09/15/2025
	** 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

What insider transaction did EXR officer William N. Springer report on 09/11/2025?

The Form 4 reports a non-derivative disposition of 295 shares of Common Stock on 09/11/2025, with a reported price of $0.

How many EXR shares does William N. Springer own after the reported transaction?

The filing shows Mr. Springer directly beneficially owns 19,725 shares following the reported transaction.

What role does the reporting person hold at EXR?

The filing identifies the reporting person as an Officer with the title EVP, Chief S & P Officer and also marks Director/10% owner boxes as applicable.

When was the Form 4 signed and by whom?

The signature block shows the form signed by /s/ Grace Kunde, Attorney-in-Fact on 09/15/2025.

Does the filing explain the reason for the transaction or the meaning of code 'G'?

The filing contains no explanatory remarks; it does not provide a textual explanation of the transaction code or reason for the disposition.