Wayne Johnson - 09 Dec 2021 Form 4 Insider Report for SmartStop Self Storage REIT, Inc. (SMA)

Role: President and CIO
Signature: /s/ Wayne Johnson
Issuer symbol: SMA
Transactions as of: 09 Dec 2021
Net transactions value: $0
Form type: 4
Filing time: 09 Dec 2021, 20:05:49 UTC
Next filing: 04 Feb 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	SMA	Class A Common Stock						23,452	09 Dec 2021	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	SMA	Class A-1 Units	Other		+495,063			495,063	09 Dec 2021	Class A Common Stock	495,063	$0.000000	Direct	F5, F6
holding	SMA	Long-Term Incentive Plan Units						40,788	09 Dec 2021	Class A Common Stock	40,788	$0.000000	Direct	F2, F3
holding	SMA	Long-Term Incentive Plan Units						27,192	09 Dec 2021	Class A Common Stock	27,192	$0.000000	Direct	F2, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents 23,452.16 shares of restricted stock previously reported as being owned by the Reporting Person.
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 Class A common units of the Operating Partnership ("Class A Common Units"). Class A Common Units are redeemable by the holder for, at the election of the Issuer, shares of Class A Common Stock of the Issuer on a one-for-one basis or the cash value of such shares.
F3	Represents 40,788.4 LTIP Units previously reported as being owned by the Reporting Person. The LTIP Units vest ratably over a four-year period commencing on December 31 of the year of grant, subject to the Reporting Person's continued employment or service through each vesting date. 20,627.1 LTIP Units were granted on April 22, 2020, and 20,161.3 LTIP Units were granted on April 19, 2021.
F4	Represents 27,192.3 LTIP Units previously reported as being owned by the Reporting Person, which number is equal to 200% of the target number of LTIP Units to be issued upon vesting. The actual number of LTIP Units to be issued upon vesting can range from 0% to 100% of the number of LTIP Units reported, based on achievement of specified performance measures. Assuming the achievement of the specified performance measures, 13,751.4 LTIP Units, as adjusted, will vest no later than March 31, 2023, and 13,440.9 LTIP Units, as adjusted, will vest no later than March 31, 2024.
F5	Represents Class A-1 limited partnership units ("Class A-1 Units") of the Operating Partnership. Class A-1 Units are redeemable by the holder for, at the election of the Issuer, shares of Class A Common Stock of the Issuer on a one-for-one basis or the cash value of such shares.
F6	On December 9, 2021, the Reporting Person acquired 495,063 Class A-1 Units from SS Asset Management Holdings, LLC ("SSAMH"), in exchange for the complete redemption of the Reporting Person's equity interests in SSAMH.