Joseph D. Margolis - 04 Apr 2023 Form 4 Insider Report for Extra Space Storage Inc. (EXR)

Signature
Grace Kunde - attorney in fact
Issuer symbol
EXR
Transactions as of
04 Apr 2023
Transactions value $
-$800,350
Form type
4
Filing time
05 Apr 2023, 19:47:21 UTC
Previous filing
07 Mar 2023
Next filing
18 May 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EXR Common Stock Sale -$800K -5K -24.82% $160.07 15.1K 04 Apr 2023 Cove Hollow Lane II, LLC F1, F2
holding EXR Common Stock 94K 04 Apr 2023 Direct
holding EXR Common Stock 85K 04 Apr 2023 Cove Hollow Lane I, LLC F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person dated as of February 24, 2023.
F2 The reporting person's spouse controls the investment decisions with respect to shares of common stock held by Cove Hollow Lane II, LLC. The reporting person disclaims beneficial ownership in the common stock held by Cove Hollow Lane II, LLC, except to the extent of his pecuniary interest therein.
F3 The reporting person controls the investment decisions with respect to shares of common stock held by Cove Hollow Lane I, LLC. The reporting person disclaims beneficial ownership in the common stock held by Cove Hollow Lane I, LLC, except to the extent of his pecuniary interest therein.