Form 4: Extra Space Storage CEO Joseph Margolis Sells 7,500 Shares

CEO Joseph Margolis sold 7,500 shares of Extra Space Storage Inc. on April 1, 2025, under a pre-arranged trading plan.

Summary

• On April 1, 2025, Joseph D. Margolis, CEO of Extra Space Storage Inc., sold 7,500 shares of common stock at a price of $147.45 per share.
• The transaction was executed under a Rule 10b5-1 trading plan adopted on March 1, 2024.
• Following the transaction, Margolis directly owns 84,385 shares and indirectly owns 9,190 shares through Cove Hollow Lane II, LLC, 34,760 shares through J Margolis & K Margolis TTEE, and 97,260 shares through Cove Hollow Lane I, LLC.
• Margolis disclaims beneficial ownership of shares held by Cove Hollow Lane II, LLC and Cove Hollow Lane I, LLC, except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction was pre-planned under a 10b5-1 trading plan and doesn't necessarily reflect a change in the CEO's outlook on the company.

Industry Context

Insider trading activity is always closely watched by investors as it can provide signals, though not always definitive, about management's view of the company's prospects. A sale like this is not necessarily negative, especially when conducted under a pre-arranged trading plan.

Stakeholder Impact

• The stock sale may have a minor impact on shareholder sentiment, but the pre-planned nature of the transaction mitigates potential concerns.

Key Dates

Keywords

Form 4, Insider Trading, Stock Sale, Joseph Margolis, Extra Space Storage, EXR, CEO