Form 4: Director Spencer Kirk Gifts 70,000 EXR Shares

Extra Space Storage Director Spencer Kirk reported gifting 70,000 shares of common stock on December 2, 2025, under a Rule 10b5-1 plan.

Summary

• Spencer Kirk, a Director of Extra Space Storage Inc. (EXR), reported the disposition of 70,000 shares of common stock.
• The transaction, identified as a gift (Transaction Code 'G'), occurred on December 2, 2025, with a price of $0 per share.
• This transaction was executed pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged transfer.
• Following the gift, Spencer Kirk directly beneficially owns 127,891 shares of Extra Space Storage Inc. common stock.
• Indirect beneficial ownership includes 567,591 shares held by Krispen Family Holdings L.C., 161,215 shares held by The Kirk 101 Trust, and 17,500 shares held by Spenco Irrevocable Trust.
• The reporting person disclaims beneficial ownership in the indirectly held shares except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction is a gift of shares, which is a personal estate planning or philanthropic action by a director, rather than a sale for cash or an acquisition that would typically signal confidence or concern about the company's prospects.

Future Outlook

This Form 4 filing reports an insider transaction and does not contain forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This filing is a standard insider transaction report for a director of a publicly traded Real Estate Investment Trust (REIT). It reflects an individual's personal stock management rather than a broader industry trend or competitive action.

Related Party Transactions

• Spencer Kirk's indirect beneficial ownership includes shares held by Krispen Family Holdings L.C., The Kirk 101 Trust, and Spenco Irrevocable Trust, for which he disclaims beneficial ownership except to the extent of his pecuniary interest.

Stakeholder Impact

• Shareholders: Minimal direct impact from a director's gift of shares, as it does not reflect a change in company operations or financial health.
• Management: No direct impact on company management or operations.

Key Dates

Keywords

Extra Space Storage, EXR, Spencer Kirk, Form 4, Insider Transaction, Stock Gift, Director, Beneficial Ownership, Rule 10b5-1