Form 4: Extra Space Storage CEO Gifts 7,692 Shares

Extra Space Storage Inc. CEO Joseph D. Margolis reported a gift of 7,692 shares of common stock on November 6, 2025.

Summary

• Joseph D. Margolis, Chief Executive Officer and Director of Extra Space Storage Inc. (EXR), reported a disposition of 7,692 shares of common stock.
• The transaction occurred on November 6, 2025, and was classified as a gift (Transaction Code 'G').
• The shares were disposed of at a price of $0 per share.
• Following this transaction, Mr. Margolis directly holds 84,385 shares of common stock.
• He also indirectly holds 12,068 shares through J Margolis & K Margolis TTEE, 97,260 shares through Cove Hollow Lane I, LLC, and 9,190 shares through Cove Hollow Lane II, LLC.
• The filing indicates the transaction was made pursuant to a contract, instruction, or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 5

Explanation: The filing reports a planned gift of shares by the CEO, which is a personal financial event and does not reflect a change in company fundamentals or management's outlook on the business.

Positives

• NA

Negatives

• The reporting person's direct beneficial ownership of Extra Space Storage Inc. common stock decreased by 7,692 shares due to the gift transaction.

Risks

• NA

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• Joseph D. Margolis holds shares indirectly through J Margolis & K Margolis TTEE, Cove Hollow Lane I, LLC, and Cove Hollow Lane II, LLC, where he controls investment decisions or disclaims beneficial ownership except to the extent of his pecuniary interest.

Stakeholder Impact

• Minimal direct impact on shareholders, as this is a personal transaction by an insider.
• No direct impact on employees, customers, suppliers, or creditors mentioned.

Key Dates

Keywords

Extra Space Storage, EXR, Joseph D. Margolis, CEO, Director, Form 4, Insider Transaction, Stock Gift, Beneficial Ownership, Rule 10b5-1