SmartStop Self Storage REIT, Inc. — Director's Dealing 2023

Feb 24, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SmartStop Self Storage REIT, Inc. (n/a)
CIK: 0001585389
Period of Report: 2023-02-21

Reporting Person: Valle Gerald (SVP, Self-Storage Operations)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-02-21	Long-Term Incentive Plan Units	$0	A	5794	Acquired		Class A Common Stock (5794)	Direct
2023-02-21	Long-Term Incentive Plan Units	$0	A	5707	Acquired		Class A Common Stock (5707)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	7035.65	Direct

Footnotes

F1: Represents 7,035.65 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 5,794 LTIP Units issued to the Reporting Person pursuant to the Issuer's incentive plan, which LTIP Units vest ratably over four years commencing on December 31, 2023, subject to the Reporting Person's continued employment or service through each vesting date.

F4: Represents 5,707 LTIP Units issued to the Reporting Person pursuant to the Issuer's incentive plan, 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, the LTIP Units, as adjusted, will vest no later than March 31,2026.