SMA CEO Schwartz adds 6,250 SmartStop shares, details Form 4
Rhea-AI Filing Summary
SmartStop Self Storage REIT, Inc. reported that its Chief Executive Officer and director, H. Michael Schwartz, acquired 6,250 shares of common stock on November 17, 2025 at a price of $31.71 per share in an open-market purchase. Following this transaction, he beneficially owns 24,250 shares of common stock indirectly through Churchill TRI LLC, 120,805 shares indirectly through SmartStop OP Holdings, LLC, and 29,315 shares indirectly through the Schwartz Family Trust. He also holds derivative interests in the operating partnership, including 96,543.26 Common Units, 233,791.29 time-vesting LTIP Units, 192,600.19 performance-based LTIP Units, and 2,397,695.44 Class A-1 Units, all of which are ultimately tied to the company’s common stock on a one-for-one or equivalent basis as described.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 6,250 | $31.71 | $198K |
| holding | Common Units | -- | -- | -- |
| holding | Common Units | -- | -- | -- |
| holding | Long-Term Incentive Plan Units | -- | -- | -- |
| holding | Long-Term Incentive Plan Units | -- | -- | -- |
| holding | Class A-1 Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Represents 24,250 shares of common stock indirectly owned by the Reporting Person through Churchill TRI LLC, a Nevada limited liability company, which is 50% owned by The H. Michael Schwartz 2011 Irrevocable Trust and 50% owned by The Holly Breaux Schwartz 2011 Irrevocable Trust. Represents 120,805 shares of Common Stock owned by SmartStop OP Holdings, LLC ("SOH") previously reported as being owned by the Reporting Person, which amount accounts for the redemption of .97 shares of Common Stock previously reported as being owned by the Reporting Person that were redeemed by the Issuer in connection with a fractional share redemption conducted by the Issuer with respect to its outstanding Common Stock as of July 30, 2025. SOH is indirectly owned and controlled by the Reporting Person. Represents 29,315 shares of Common Stock previously reported as being owned by the Reporting Person, which amount accounts for the redemption of .15 shares of Common Stock previously reported as being owned by the Reporting Person that were redeemed by the Issuer in connection with a fractional share redemption conducted by the Issuer with respect to its outstanding Common Stock as of July 30, 2025. Represents common units ("Common Units") of SmartStop OP, L.P., the Issuer's operating partnership (the "Operating Partnership"). Common Units are redeemable by the holder for, at the election of the Issuer, shares of Common Stock of the Issuer on a one-for-one basis or the cash value of such shares. Represents 96,543.26 Common Units owned by SOH previously reported as being owned by the Reporting Person. Represents long-term incentive plan units ("LTIP Units") of the Operating Partnership. Vested LTIP Units are convertible into Common Units. Represents 233,791.29 LTIP Units previously reported as being owned by the Reporting Person. The LTIP Units vest ratably over a four-year period commencing on December 31 of the year of grant, subject to the Reporting Person's continued employment or service through each vesting date. Represents 192,600.19 LTIP Units previously reported as being owned by the Reporting Person, which number is equal to 200% of the target number of LTIP Units to be issued upon vesting. The actual number of LTIP Units to be issued upon vesting can range from 0% to 100% of the number of LTIP Units reported, based on achievement of specified performance measures. Represents Class A-1 limited partnership units ("Class A-1 Units") of the Operating Partnership. Class A-1 Units are redeemable by the holder for, at the election of the Issuer, shares of Common Stock of the Issuer on a one-for-one basis or the cash value of such shares. Represents 2,397,695.44 Class A-1 Units owned by SOH previously reported as being owned by the Reporting Person.
FAQ
What insider transaction did SmartStop Self Storage REIT (SMA) disclose?
SmartStop Self Storage REIT, Inc. disclosed that its Chief Executive Officer and director, H. Michael Schwartz, bought 6,250 shares of common stock on November 17, 2025 at $31.71 per share.
What derivative interests tied to SmartStop Self Storage REIT (SMA) stock does H. Michael Schwartz hold?
He holds 96,543.26 Common Units, 233,791.29 long-term incentive plan (LTIP) units that vest ratably over four years, 192,600.19 performance-based LTIP units, and 2,397,695.44 Class A-1 Units, each ultimately linked to SmartStop common stock as described.
How do the LTIP Units held by H. Michael Schwartz in SMA vest and convert?
The LTIP Units are long-term incentive plan units of the operating partnership. Certain LTIP Units vest ratably over a four-year period commencing on December 31 of the year of grant, and vested LTIP Units are convertible into Common Units. Some LTIP Units are performance-based, with the actual number issued upon vesting ranging from 0% to 100% of the reported amount based on specified performance measures.
Through which entities does H. Michael Schwartz hold his indirect SmartStop (SMA) ownership?
He holds indirect interests through Churchill TRI LLC, SmartStop OP Holdings, LLC (which he indirectly owns and controls), and the Schwartz Family Trust, as well as through entities that own Common Units, LTIP Units, and Class A-1 Units of the operating partnership.