Public Storage — Director's Dealing 2022

Aug 23, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Public Storage (PSA)
CIK: 0001393311
Period of Report: 2022-08-19

Reporting Person: GUSTAVSON TAMARA HUGHES (Director, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-08-19	Common Stock	S	148.14	$350.64	Disposed	1281.86	Indirect
2022-08-19	Common Stock	S	494.63	$351.45	Disposed	787.23	Indirect
2022-08-19	Common Stock	S	462.47	$352.60	Disposed	324.76	Indirect
2022-08-19	Common Stock	S	122.17	$353.15	Disposed	202.59	Indirect
2022-08-22	Common Stock	S	20.90	$346.04	Disposed	181.69	Indirect
2022-08-22	Common Stock	S	14.00	$347.00	Disposed	167.69	Indirect
2022-08-22	Common Stock	S	81.59	$348.17	Disposed	86.10	Indirect
2022-08-22	Common Stock	S	62.51	$348.85	Disposed	23.59	Indirect
2022-08-22	Common Stock	S	23.59	$350.00	Disposed	0	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	14114476	Direct
Common Stock	11348	Direct
Common Stock	5500	Direct
Common Stock	2785000	Indirect
Common Stock	27343	Indirect
Common Stock	1300	Indirect
Common Stock	295000	Indirect

Footnotes

F1: Represents the reporting person's beneficial interest in shares sold by BWH Investments 2019, LLC.

F2: Represents weighted average price. These shares were sold at prices ranging between $350.02 and $351.01. Full information regarding the number of shares sold at each separate price will be provided by the reporting person upon request to the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer.

F3: Represents weighted average price. These shares were sold at prices ranging between $351.02 and $352.01. Full information regarding the number of shares sold at each separate price will be provided by the reporting person upon request to the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer.

F4: Represents weighted average price. These shares were sold at prices ranging between $352.02 and $353.015. Full information regarding the number of shares sold at each separate price will be provided by the reporting person upon request to the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer.

F5: Represents weighted average price. These shares were sold at prices ranging between $353.02 and $353.46. Full information regarding the number of shares sold at each separate price will be provided by the reporting person upon request to the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer.

F6: Represents weighted average price. These shares were sold at prices ranging between $345.56 and $346.41. Full information regarding the number of shares sold at each separate price will be provided by the reporting person upon request to the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer.

F7: Represents weighted average price. These shares were sold at prices ranging between $346.70 and $347.39. Full information regarding the number of shares sold at each separate price will be provided by the reporting person upon request to the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer.

F8: Represents weighted average price. These shares were sold at prices ranging between $347.59 and $348.54. Full information regarding the number of shares sold at each separate price will be provided by the reporting person upon request to the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer.

F9: Represents weighted average price. These shares were sold at prices ranging between $348.57 and $349.23. Full information regarding the number of shares sold at each separate price will be provided by the reporting person upon request to the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer.

F10: By Tamara Hughes Gustavson and B. Wayne Hughes, Jr. - Separate Property.

F11: By reporting person and husband.

F12: By custodian of an IRA for benefit of reporting person.

F13: By LLC of which reporting person is a member and manager.