SmartStop Self Storage REIT (NYSE: SMA) insider sells 425 shares under 10b5-1
Filing Impact
Filing Sentiment
Form Type
4
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 $33.38 per share on July 16, 2026, under a pre-arranged Rule 10b5-1 trading plan. After the sale, he directly holds 5,065 Common shares plus Long-Term Incentive Plan Units representing 9,598 and 10,464.25 underlying Common shares that vest over time.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 425 shares ($14,187)
Net Sell
3 txns
Insider
Mueller David J
Role
Director
Sold
425 shs ($14K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 425 | $33.38 | $14K |
| holding | Long-Term Incentive Plan Units | -- | -- | -- |
| holding | Long-Term Incentive Plan Units | -- | -- | -- |
Holdings After Transaction:
Common Stock — 5,065 shares (Direct);
Long-Term Incentive Plan Units — 10,464.25 shares (Direct)
Footnotes (1)
- 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. 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. 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. 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: $33.38 per share
Common shares after transaction: 5,065 shares
+4 more
7 metrics
Shares sold
425 shares
Open-market sale of Common Stock on July 16, 2026
Sale price
$33.38 per share
Price for the 425 Common shares sold
Common shares after transaction
5,065 shares
Direct Common Stock holdings following the sale
LTIP underlying shares block 1
9,598 shares
Underlying Common Stock for one LTIP Unit grant, vesting over four years
LTIP underlying shares block 2
10,464.25 shares
Underlying Common Stock for LTIP Units tied to board reelection
LTIP exercise price
$0.0000
Conversion or exercise price of Long-Term Incentive Plan Units
Rule 10b5-1 plan adoption date
December 15, 2025
Date Mueller adopted the trading plan used for the sale
Key Terms
Rule 10b5-1 trading plan, Long-Term Incentive Plan Units, Operating Partnership, Common Units
4 terms
Rule 10b5-1 trading plan regulatory
"The sales reported in this Form 4 were 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.
Long-Term Incentive Plan Units financial
"Represents long-term incentive plan units ("LTIP Units") of SmartStop OP, L.P."
Operating Partnership financial
"LTIP Units of SmartStop OP, L.P., the Issuer's operating partnership (the "Operating Partnership")"
An operating partnership is a separate legal entity set up to own and run a company’s core assets and day-to-day businesses, while investors hold interests indirectly through the parent company. Think of it like a dedicated garage that actually stores and services the cars while the owner keeps the dealership; it matters to investors because it affects how income, taxes, liability and voting rights are allocated and therefore can influence distributions and risk.
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.
FAQ
What did SmartStop Self Storage REIT (SMA) director David J. Mueller report in this Form 4?
David J. Mueller reported an open-market sale of 425 shares of SmartStop Self Storage REIT Common Stock at $33.38 per share on July 16, 2026, executed under a pre-arranged Rule 10b5-1 trading plan adopted on December 15, 2025.
What long-term incentive plan units does David J. Mueller hold in SmartStop (SMA)?
Mueller holds Long-Term Incentive Plan Units tied to 9,598 and 10,464.25 underlying Common shares. These LTIP Units were granted in connection with board service and vest over specified periods, becoming convertible into Operating Partnership Common Units and then Common Stock.
Are the SmartStop (SMA) LTIP Units held by David J. Mueller convertible into Common Stock?
Yes. The LTIP Units are convertible into Common Units of the operating partnership, which are redeemable for either shares of Common Stock on a one-for-one basis or the cash value of such shares, at the issuer’s election.