What is the fractional share redemption mentioned in the SmartStop (SMA) Form 4 footnotes?

The footnotes explain that 0.9 share of Common Stock was redeemed by SmartStop Self Storage REIT in a fractional share redemption. This redemption applied to outstanding Common Stock as of July 30, 2025, slightly reducing the number of shares previously reported for Timothy S. Morris.

SmartStop director granted 3,075 restricted shares

Morris Timothy S. reported acquisition or exercise transactions in this Form 4 filing.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Form Type

Rhea-AI Filing Summary

Morris Timothy S. reported acquisition or exercise transactions in this Form 4 filing.

SmartStop Self Storage REIT director Timothy S. Morris received an equity award and updated his reported holdings. He was granted 3,075 shares of restricted Common Stock upon his reelection to the board of directors, with these shares scheduled to vest one year from that reelection.

Following the award, he directly holds 18,253 shares of Common Stock. This total includes 9,166 previously awarded restricted shares that vest ratably over four years starting on the first anniversary of their issuance, as well as a small adjustment from a prior fractional share redemption by the company.

Insider Trade Summary

Grant/Award: 3,075 shares

Grant/Award 2 txns

Insider Morris Timothy S.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	3,075	$0.00	$0.00
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 27,419 shares (Direct)

Footnotes (3)

F1. The Reporting Person was awarded 3,075 shares of restricted Common Stock upon his reelection to the board of directors, which shares vest one year from such reelection.
F2. Includes shares of Common Stock previously reported as being owned by the Reporting Person, less 0.9 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 9,166 shares of restricted Common Stock previously reported as being owned by the Reporting Person, which shares vest ratably over four years commencing on the first anniversary of the issuance thereof, subject to the Reporting Person's continued service through each vesting date.

Key Figures

Restricted stock award: 3,075 shares Total shares after award: 18,253 shares Prior restricted shares: 9,166 shares +3 more

6 metrics

Restricted stock award 3,075 shares Restricted Common Stock granted upon reelection to board

Total shares after award 18,253 shares Direct Common Stock holdings following reported transactions

Prior restricted shares 9,166 shares Restricted Common Stock vesting ratably over four years

Fractional share redemption 0.9 shares Shares redeemed by issuer in fractional share redemption

One-year vesting period 1 year Vesting schedule for new 3,075 restricted shares

Four-year vesting period 4 years Ratable vesting period for 9,166 restricted shares

Key Terms

restricted Common Stock, fractional share redemption, vest ratably, board of directors

4 terms

restricted Common Stock financial

"The Reporting Person was awarded 3,075 shares of restricted Common Stock upon his reelection"

Restricted common stock is company shares that carry limits on selling or transferring for a set period or until certain conditions are met, like time-based vesting or regulatory clearance. Think of them as shares in a locked box that gradually open; they can become freely tradable later but initially reduce the number of shares available on the market. Investors watch restricted stock because its eventual release can change a company’s share supply, affect stock price, and influence control and dilution.

vest ratably financial

"9,166 shares of restricted Common Stock ... which shares vest ratably over four years"

board of directors financial

"awarded 3,075 shares of restricted Common Stock upon his reelection to the board of directors"

The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did SmartStop Self Storage REIT (SMA) report for Timothy S. Morris?

SmartStop Self Storage REIT reported that director Timothy S. Morris received 3,075 shares of restricted Common Stock as an equity award. The grant occurred upon his reelection to the board of directors and reflects compensation rather than an open-market purchase or sale of shares.

How many SmartStop (SMA) shares does Timothy S. Morris hold after this Form 4 filing?

After the reported award, Timothy S. Morris directly holds 18,253 shares of SmartStop Self Storage REIT Common Stock. This total includes newly granted restricted shares plus 9,166 previously awarded restricted shares, all reflected as part of his direct ownership position in the company.

What are the vesting terms of Timothy S. Morris’s new 3,075 SmartStop (SMA) restricted shares?

The 3,075 restricted Common Stock shares awarded to Timothy S. Morris vest one year from his reelection to the board. Until vesting, the shares are restricted, meaning they are subject to forfeiture conditions tied to his continued board service with SmartStop Self Storage REIT.

What are the vesting terms of the previously reported 9,166 restricted SmartStop (SMA) shares?

The 9,166 shares of restricted Common Stock previously reported for Timothy S. Morris vest ratably over four years. Vesting begins on the first anniversary of their issuance, with continued vesting dependent on his ongoing service through each scheduled vesting date.

Did the SmartStop (SMA) Form 4 show any open-market buying or selling by Timothy S. Morris?

The Form 4 did not report any open-market purchases or sales by Timothy S. Morris. It disclosed a grant of 3,075 restricted Common Stock shares as compensation and updated his total direct holdings, including prior restricted stock awards and a fractional share redemption adjustment.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

Accepted by SEC EDGAR 06/25/2026 - 04:36 PM

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^*

Morris Timothy S.

(Last)

(First)

(Middle)

10 TERRACE ROAD

(Street)

LADERA RANCH

CALIFORNIA

92694

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
SmartStop Self Storage REIT, Inc. [ SMA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/23/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/23/2026		A		3,075⁽¹⁾	A	$0	18,253⁽²⁾	D
Common Stock								9,166⁽³⁾	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The Reporting Person was awarded 3,075 shares of restricted Common Stock upon his reelection to the board of directors, which shares vest one year from such reelection.

2. Includes shares of Common Stock previously reported as being owned by the Reporting Person, less 0.9 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.

3. Represents 9,166 shares of restricted Common Stock previously reported as being owned by the Reporting Person, which shares vest ratably over four years commencing on the first anniversary of the issuance thereof, subject to the Reporting Person's continued service through each vesting date.

	/s/ Timothy S. Morris	06/25/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR