Nicholas Look, General Counsel and Secretary of SmartStop Self Storage REIT, Inc. (NYSE:SMA), filed a Form 4 on August 18, 2026, disclosing the sale of 1,025 shares of common stock on August 14, 2026.

Key Highlights

  • Sale transaction: Nicholas Look disposed of 1,025 shares of common stock on August 14, 2026, at a price of $34.36 per share.
  • Remaining direct ownership: Following the sale, Look directly holds 588 shares of common stock.
  • LTIP Unit holdings: Look holds three tranches of Long-Term Incentive Plan Units totaling 15,826.99, 15,907.65, and 29,319 units respectively, all directly owned.
  • Class A-1 Units: Look also holds 12,376.50 Class A-1 limited partnership units, directly owned.
  • Conversion rights: According to the filing, vested LTIP Units and Class A-1 Units are redeemable for common stock on a one-for-one basis or cash, at the issuer's election.
  • Performance-based tranche: The 15,907.65 LTIP Units represent 200% of the target number, with actual vesting ranging from 0% to 100% of that amount based on performance measures.

Nicholas Look's Share Sale and Derivative Holdings at SmartStop Self Storage REIT

According to the Form 4 filed with the SEC on August 18, 2026, Nicholas Look, who serves as General Counsel and Secretary of SmartStop Self Storage REIT, Inc., reported the disposal of 1,025 shares of common stock on August 14, 2026, at a price of $34.36 per share. The transaction is coded "S" in the filing. Following this disposal, Look's direct beneficial ownership of common stock stands at 588 shares.

In addition to common stock, the filing discloses that Look holds derivative securities in the form of Long-Term Incentive Plan Units ("LTIP Units") of SmartStop OP, L.P., the issuer's operating partnership. The filing reports three separate tranches: 15,826.99 LTIP Units that vest ratably over four years commencing December 31 of the year of grant; 15,907.65 LTIP Units representing 200% of the target grant, with actual issuance upon vesting ranging from 0% to 100% of the reported number based on achievement of specified performance measures; and 29,319 LTIP Units that vest ratably over four years commencing on the first anniversary of issuance. All three tranches are directly owned and carry a conversion or exercise price of $0.

The filing further discloses 12,376.50 Class A-1 limited partnership units, also directly owned and carrying a price of $0. The filing states that Class A-1 Units "are redeemable by the holder for, at the election of the Issuer, shares of Common Stock of the Issuer on a one-for-one basis or the cash value of such shares." All holdings described are subject to continued employment or service conditions where applicable, as noted in the filing's explanatory footnotes.

What Was Disclosed

Nicholas Look, General Counsel and Secretary of SmartStop Self Storage REIT, reported a sale of 1,025 common shares at $34.36, leaving him with 588 direct shares, plus substantial LTIP Unit and Class A-1 Unit holdings in the company's operating partnership.