SmartStop (SMA) GC Nicholas Look Sells 1,025 Shares

What Happened

• Nicholas Look, General Counsel and Secretary of SmartStop Self Storage REIT, Inc. (SMA), sold 1,025 shares in an open-market transaction on 2026-08-14 at $34.36 per share for a total of $35,219. This was a sale (liquidity event), not a purchase.

Key Details

• Transaction date and price: 2026-08-14 — 1,025 shares sold at $34.36 each.
• Total proceeds: $35,219.
• Transaction type: Open-market sale (SEC Form 4 code "S").
• Shares owned after transaction: The filing did not state total shares owned by Mr. Look after this sale.
• Footnotes of note:
  • F1: LTIP Units (long‑term incentive plan units) of the operating partnership are convertible into common units, which can be redeemed for issuer shares or cash on a one‑for‑one basis.
  • F2/F3/F4/F6: The filing lists several previously reported LTIP or Class A‑1 unit holdings and vesting schedules (e.g., 15,826.99 LTIP Units; 15,907.65 LTIP Units tied to performance; 29,319 LTIP Units; 12,376.50 Class A‑1 Units).
  • F5: Class A‑1 Units are redeemable for shares of common stock or cash on a one‑for‑one basis.
• Filing vs. trade date: Trade reported for 2026-08-14, Form 4 filed 2026-08-18. (Form 4 is generally due within two business days of the transaction; the filing date here is four days later than the trade date.)

Context

• LTIP and Class A‑1 units referenced in the footnotes are derivative/compensation units that may convert into common shares subject to vesting and performance conditions; those units are different from the common shares sold here.
• Insider sales are common and do not by themselves indicate company outlook; purchases tend to be more informative for bullish signals. This filing reports a routine open‑market sale by the company’s General Counsel.