Extra Space Storage (EXR) CEO Joseph Margolis Reports 13,503-Share Gift Transfers

What Happened

• Joseph D. Margolis, CEO of Extra Space Storage, reported two gift (code G) transactions dated 2026-08-04: a disposition (gift) of 13,503 shares and an acquisition (gift) of 13,503 shares. Both transactions show a price of $0.00 and a reported dollar value of $0.00.
• The pair of offsetting gift entries likely reflect transfers among related accounts or entities rather than an open‑market sale or purchase. Gifts do not directly indicate bullish or bearish trading intent.

Key Details

• Transaction date(s): 2026-08-04; Form filed: 2026-08-05 (appears timely).
• Price: $0.00 per share; Total reported value: $0.00.
• Shares owned after transaction: not specified in the information provided in this summary.
• Notable footnotes:
  • F1/F3: Margolis controls investment decisions for Cove Hollow Lane I & II LLC and disclaims beneficial ownership of shares held by those LLCs except for any pecuniary interest.
  • F2: Some shares are held in the J Margolis & K Margolis trust (Joseph Daniel Margolis Revocable Trust, dated 05/24/2013).
• No indication of a 10b5-1 plan, tax withholding, option exercise, or late filing in the provided data.

Context

• Gift transactions are transfers of ownership (often to family members, trusts, or related entities) and generally do not signal the insider’s view of the company’s stock price the way purchases or open‑market sales might.
• The footnotes suggest these transfers involve trusts and LLCs for which Margolis has control or limited pecuniary interest; read the full Form 4 for the precise movement and ownership details.