SmartStop director sells 425 shares at $29.67
SmartStop Self Storage REIT, Inc. director David J. Mueller reported an open-market sale of 425 shares of Common Stock at $29.67 per share.
Accepted by SEC EDGAR
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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 $29.67 per share. After this trade, he directly holds 5,915 Common shares. He also holds Long-Term Incentive Plan Units tied to 9,598 and 7,234.25 underlying Common shares, which vest over time. The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on December 15, 2025.
Insider Trade Summary 10b5-1
Net Seller: 425 shares
Net Sell
1 txn
Insider
Mueller David J
Role
Director
Sold
425 shs ($13K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 425 | $29.67 | $13K |
| Holding | Long-Term Incentive Plan Units | -- | -- | -- |
| Holding | Long-Term Incentive Plan Units | -- | -- | -- |
Holdings After Transaction:
Common Stock — 5,915 shares (Direct);
Long-Term Incentive Plan Units — 16,832.25 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 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.
- 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
Shares sold: 425 shares
Sale price: $29.67 per share
Shares held after sale: 5,915 shares
+3 more
6 metrics
Shares sold
425 shares
Open-market sale of Common Stock
Sale price
$29.67 per share
Price for 425-share sale on Common Stock
Shares held after sale
5,915 shares
Direct Common Stock holdings post-transaction
Underlying shares from LTIP Units grant 1
9,598 shares
LTIP Units vesting over four years
Underlying shares from LTIP Units grant 2
7,234.25 shares
LTIP Units tied to board reelection vesting
Rule 10b5-1 plan adoption date
December 15, 2025
Pre-arranged trading plan for reported sale
Key Terms
Rule 10b5-1 trading plan, Long-Term Incentive Plan Units, LTIP Units, Common Units, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"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."
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."
LTIP Units financial
"Represents 7,234.25 LTIP Units previously reported as being owned by the Reporting Person."
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
"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.
redeemable financial
"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."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did SmartStop Self Storage REIT (SMA) report for David J. Mueller?
SmartStop director David J. Mueller reported selling 425 shares of Common Stock at $29.67 per share. The transaction was an open-market sale and was executed under a pre-arranged Rule 10b5-1 trading plan adopted in December 2025.
What Long-Term Incentive Plan Units does David J. Mueller hold at SmartStop (SMA)?
Mueller holds Long-Term Incentive Plan Units linked to 9,598 and 7,234.25 underlying Common shares. These LTIP Units vest over time and can convert into Operating Partnership units, which are redeemable for SmartStop Common Stock or cash on a one-for-one basis.
How do SmartStop (SMA) LTIP Units held by David J. Mueller convert into Common Stock?
The LTIP Units are convertible into common units of the operating partnership. Those common units are redeemable, at SmartStop’s election, for either shares of its Common Stock on a one-for-one basis or the cash value of those shares, once vested and eligible.
What vesting terms apply to David J. Mueller’s SmartStop (SMA) LTIP Units?
One LTIP grant of 7,234.25 units was issued in connection with his board reelection and vests one year from each such reelection. Another grant of 9,598 LTIP Units vests ratably over four years starting on the first anniversary of issuance, subject to continued service.
AI-generated analysis. How Rhea-AI works. Not financial advice.
