Look Nicholas 4

What Happened
Nicholas Look, General Counsel and Secretary of SmartStop Self Storage REIT, received equity awards on March 25, 2026: two grants of long-term incentive plan (LTIP) units totaling 10,398 LTIP Units (4,006 and 6,392 units). Both grants are reported as derivative acquisitions at a $0.00 price (award grants), not purchases for cash.

Key Details

• Transaction date: 2026-03-25; Form filed 2026-03-27 (appears timely).
• Awards: 4,006 LTIP Units (vest ratably over four years beginning Dec 31 of grant year) and 6,392 LTIP Units (performance-based; reported as 200% of target — actual vesting may be 0–100% based on performance; if achieved, will vest no later than Jan 31, 2029).
• Reported price: $0.00 (award/grant). Treated as derivative securities.
• Conversion/redeemability: Vested LTIP Units convert into common units of the operating partnership; common units are redeemable for SmartStop common stock on a one-for-one basis (or cash) per the filing.
• Prior holdings: filing notes previously reported LTIP and Class A-1 unit holdings (e.g., 12,376.50 Class A-1 Units referenced); the filing does not provide a single “owned after” common-stock share total.
• Footnotes: see F2–F7 for vesting schedule, performance conditions, and conversion/redemption mechanics.

Context
These were compensation awards (code A) rather than open-market buys or sales, so they reflect planned long-term incentive pay rather than an immediate trading signal. The performance-based portion may result in fewer or more units vesting depending on future results; vested units convert to partnership/common units that can be exchanged for shares or cash.