SmartStop director sells 425 shares in planned trade
SmartStop Self Storage REIT, Inc. director David J. Mueller reported an open-market sale of 425 shares of Common Stock at $31.78 per share on April 16, 2026, under a pre-arranged Rule 10b5-1 trading plan adopted on December 15, 2025.
Rhea-AI Filing Summary
SmartStop Self Storage REIT, Inc. director David J. Mueller reported an open-market sale of 425 shares of Common Stock at $31.78 per share on April 16, 2026, under a pre-arranged Rule 10b5-1 trading plan adopted on December 15, 2025.
After this sale, he directly holds 6,340 Common shares. He also holds long-term incentive plan units that are convertible into Operating Partnership common units, which are redeemable for either cash or shares of the company’s Common Stock on a one-for-one basis, with vesting tied to his board service.
Positive
- None.
Negative
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Insider Trade Summary
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 | 425 | $31.78 | $14K |
| holding | Long-Term Incentive Plan Units | -- | -- | -- |
| holding | Long-Term Incentive Plan Units | -- | -- | -- |
Holdings After Transaction:
Common Stock — 6,340 shares (Direct);
Long-Term Incentive Plan Units — 16,832.25 contracts (Direct)
Footnotes (5)
- 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. Includes shares of Common Stock previously reported as being owned by the Reporting Person, less 0.87 shares of Common Stock 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.
- F3. 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.
- F4. Represents 7,234.25 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.
- F5. 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
Shares sold: 425 shares
Sale price per share: $31.78 per share
Common shares held after sale: 6,340 shares
+3 more
6 metrics
Shares sold
425 shares
Open-market sale of Common Stock on April 16, 2026
Sale price per share
$31.78 per share
Price received for the 425 Common shares sold
Common shares held after sale
6,340 shares
Direct ownership of SmartStop Common Stock following the transaction
LTIP Units grant 1 underlying shares
7,234.25 underlying shares
LTIP Units issued in connection with board reelection
LTIP Units grant 2 underlying shares
9,598 underlying shares
LTIP Units vesting ratably over four years
Net buy/sell direction
Net sell of 425 shares
TransactionSummary across reported trades
Key Terms
Rule 10b5-1 trading plan, Long-Term Incentive Plan Units, Common Units, fractional share redemption, +1 more
5 terms
Rule 10b5-1 trading plan financial
"The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person"
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.
Long-Term Incentive Plan Units financial
"Represents long-term incentive plan units ("LTIP Units") of SmartStop OP, L.P., the Issuer's operating partnership"
Common Units financial
"Vested LTIP Units are convertible into common units of the Operating Partnership ("Common Units")"
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.
vesting financial
"LTIP Units vest ratably over four years commencing on the first anniversary of the issuance thereof"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did David J. Mueller report at SmartStop Self Storage REIT (SMA)?
David J. Mueller reported selling 425 shares of SmartStop Self Storage REIT Common Stock. The shares were sold in an open-market transaction at $31.78 per share, and the activity was disclosed in a Form 4 insider trading report filed with regulators.
What are the Long-Term Incentive Plan Units held by Mueller at SmartStop Self Storage REIT (SMA)?
Mueller holds long-term incentive plan units of SmartStop OP, L.P., the company’s operating partnership. Vested LTIP Units convert into common units, which are redeemable for either SmartStop Common Stock on a one-for-one basis or the cash value of those shares, subject to vesting conditions.
How do Mueller’s LTIP Units at SmartStop Self Storage REIT (SMA) vest over time?
One LTIP grant of 7,234.25 units was issued in connection with Mueller’s reelection to the board and vests one year from each such reelection. Another grant of 9,598 LTIP Units vests ratably over four years from its first anniversary, contingent on continued employment or service.
AI-generated analysis. How Rhea-AI works. Not financial advice.
