SmartStop director Mueller sells 425 shares
The director’s sale was conducted under a Rule 10b5-1 plan adopted December 15, 2025; he reported 3,790 shares afterward.
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Form Type
4
Rhea-AI Filing Summary
SmartStop Self Storage REIT, Inc. director David J. Mueller sold 425 shares of common stock at $33.98 per share on October 16, 2026, under a Rule 10b5-1 trading plan adopted December 15, 2025. He reported 3,790 shares after the sale and two direct LTIP Unit holdings of 10,464.25 and 9,598 units.
Insider Trade Summary 10b5-1
Net Seller: 425 shares
Net Sell
3 txns
Insider
Mueller David J
Role
Director
Sold
425 shs ($14K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 425 | $33.98 | $14K |
| holding | Long-Term Incentive Plan Units F2, F3 | -- | -- | -- |
| holding | Long-Term Incentive Plan Units F2, F4 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 3,790 shares (Direct);
Long-Term Incentive Plan Units — 20,062.25 contracts (Direct)
Footnotes (4)
- F1. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 15, 2025.
- F2. Represents long-term incentive plan units ("LTIP Units") of SmartStop OP, L.P., the Issuer's operating partnership (the "Operating Partnership"). Vested LTIP Units are convertible into common units of the Operating Partnership ("Common Units"). Common Units are redeemable by the holder for, at the election of the Issuer, shares of the Issuer's Common Stock on a one-for-one basis or the cash value of such shares.
- F3. Represents 10,464.25 LTIP Units previously reported as being owned by the Reporting Person. The LTIP Units were issued to the Reporting Person in connection with his reelection to the board of directors and vest one year from each such reelection.
- F4. Represents 9,598 LTIP Units previously reported as being owned by the Reporting Person, which LTIP Units vest ratably over four years commencing on the first anniversary of the issuance thereof, subject to the Reporting Person's continued employment or service through each vesting date.
Key Figures
Common shares sold: 425 shares
Sale price: $33.98 per share
Common shares held after sale: 3,790 shares
+2 more
5 metrics
Common shares sold
425 shares
Sale on October 16, 2026
Sale price
$33.98 per share
Sale on October 16, 2026
Common shares held after sale
3,790 shares
Direct holdings following the October 16, 2026 sale
LTIP Units
10,464.25 units
Direct holding; vests one year from each board reelection
LTIP Units
9,598 units
Direct holding; vests ratably over four years beginning on the first anniversary of issuance
Key Terms
Rule 10b5-1 trading plan, LTIP Units, Common Units, redeemable, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"effected pursuant to a Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
LTIP Units financial
"Represents long-term incentive plan units"
LTIP units are awards given to executives and employees as part of a long-term incentive plan; they act like deferred bonuses that convert into company shares or cash only if the business meets set performance or time requirements. Investors care because LTIP units tie management pay to future results, can increase the number of outstanding shares (dilution) when they vest, and create ongoing compensation expense that can affect earnings and shareholder value.
Common Units financial
"convertible into common units of the Operating Partnership"
Common units are the basic ownership stakes in a company, limited partnership, or trust that function like common stock: they give holders a claim on profits and often voting rights. Think of them as the ordinary seats at a table—the most directly affected by the business’s success or failure, so they typically offer higher upside but carry greater risk than preferred claims or creditors, which matters to investors evaluating potential return and safety.
redeemable financial
"Common Units are redeemable by the holder"
ratably financial
"vest ratably over four years"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How do David J. Mueller’s SMA LTIP Units vest?
The 10,464.25 LTIP Units were issued in connection with his board reelection and vest one year from each reelection. The 9,598 LTIP Units vest ratably over four years beginning on the first anniversary of issuance, subject to continued employment or service through each vesting date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
