PSA insider ownership: who sold, why, and what they still hold

Who	Shares	Price	% of total stake	Total stake after	Trade date	Filed
Nathaniel Vitan Chief Legal Officer	1,414	$327.53	n/a	n/a	Aug 13, 2026	Aug 14, 2026

What stands out

Routine activity: 0% of sales were under disclosed plans, and no insider sold more than 1% of vested holdings.

Percentages cover 3 of 18 officers and directors. 15 are left out

Left out: Ronald Havner Jr., John Reyes, Joseph Russell Jr., Nathaniel Vitan, Tom Boyle, Avedick Poladian, Natalia Johnson, Ronald Spogli, Maria Hawthorne, Luke Petherbridge, Kristy Pipes, Tariq Shaukat, Paul Williams and Rebecca Owen (holdings couldn't be fully reconciled); Samuel Sheek (held no vested shares at the start).

Disclosed company stock is not an insider's whole wealth.

Who sold, and how much of their stake

Officers and directors, past 12 months. Each bar is the insider's vested stake at the start of the period (Oct 8, 2025). The gold part is what they sold.

SoldRest of starting stakeAdded during the period

Nathaniel Vitan

Chief Legal Officer

No bar: holdings couldn't be fully reconciled.

$772KNo plan disclosed

Amounts, filings and trading plans for each seller

Selling by month

Officers and directors, Oct 2025 to Oct 2026. Each sale is counted once: under a disclosed plan, else to cover taxes, else no plan disclosed.

Disclosed planTo cover taxesNo plan disclosed

Common questions

Is the Public Storage CEO selling stock?

No. Joseph Russell Jr. reported no open-market sales in the past 12 months.

Why are Public Storage insiders selling?

Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 0% of sales by value ran under 10b5-1 trading plans disclosed in the filings and 100% had no disclosed plan. A trading plan schedules sales in advance.

Are any Public Storage insiders buying?

No. Officers and directors reported no purchases in the past 12 months.

The evidence

Who sold1 officer or director: amount, % of holdings, trading plan

Who sold	Amount	% of holdings	Trading plan
Nathaniel Vitan Chief Legal Officer	$772K 2.4K shares	i No percentage: holdings couldn't be fully reconciled.	No plan disclosed

The full ownership picture4 of 18 insiders fully reconciled · 18 officers and directors

Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.

Insider

Held Oct 8, 2025

Sold

Held Oct 8, 2026

Still held

Tamara Gustavson

Minor difference of -3,177 shares. Difference is under 0.5% of holdings. An owner entity could not be identified from the footnotes. Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.

Director

17.28M

no sales

Vesting, gifts, unvested awards and holding lines for Tamara Gustavson

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

An owner entity could not be identified from the footnotes.
Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	AO LTIP Units	3,177	3,232
Direct	Common Shares	14,167,465	14,167,465
Trust	Common Shares	2,785,000	2,785,000
LLC	Common Shares	295,000	295,000
IRA	Common Shares	27,343	27,343
Spouse	Common Shares	1,300	1,300

Additional holdings last reported Dec 22, 2022, not confirmed since: 6,662,817 shares. Not included in any total or percentage on this page.

Direct, Common Stock: 16,848 shares, last reported Dec 22, 2022
Trust, Common Stock: 2,785,000 shares, last reported Dec 22, 2022
husband as trustee, Common Stock: 1,000,000 shares, last reported May 22, 2015
son, Common Stock: 895,390 shares, last reported Dec 23, 2019
custodian, Common Stock: 875,000 shares, last reported Dec 23, 2019
LLC, Common Stock: 295,000 shares, last reported Dec 22, 2022
Mr, Common Stock: 295,000 shares, last reported Dec 30, 2016
401(k) Plan, Common Stock: 251,546 shares, last reported Oct 21, 2010
daughter, Common Stock: 200,000 shares, last reported Sep 28, 2018
IRA, Common Stock: 27,343 shares, last reported Dec 22, 2022
husband as custodian, Common Stock: 17,890 shares, last reported Dec 23, 2019
As custodian, Common Stock: 2,500 shares, last reported May 22, 2015
Spouse, Common Stock: 1,300 shares, last reported Dec 22, 2022

Reconciliation: minor difference of -3,177 shares. Difference is under 0.5% of holdings.

Ronald Havner Jr.

Holdings couldn't be fully reconciled. Balance changed without a matching transaction, and the footnote does not state the amount: +100,043 shares on Jul 29, 2026 (Direct). See the filing Sales and other transactions for Ronald Havner Jr. are complete.

Director

n/a

Vesting, gifts, unvested awards and holding lines for Ronald Havner Jr.

0shares vested or exercised

−734gifted (net of own trusts)

−266withheld by the company for taxes

none reportedunvested awards, start → end

Includes unvested RSUs, amount not disclosed.
Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.

Holdings couldn't be fully reconciled. Balance changed without a matching transaction, and the footnote does not state the amount: +100,043 shares on Jul 29, 2026 (Direct). The balances below are as reported, not verified totals.

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	AO LTIP Units	3,177	0
Direct includes unvested RSUs, amount not disclosed	Common Shares	7,717	6,735
Trust	Common Shares	317,053	317,787
Spouse IRA	Common Shares	1,900	1,900
Direct	LTIP Units	147,000	182,501

Additional holdings last reported Apr 1, 2023, not confirmed since: 331,571 shares. Not included in any total or percentage on this page.

Direct, Common Stock: 14,094 shares, last reported Apr 1, 2023
Trust, Common Stock: 315,277 shares, last reported Apr 1, 2023
Spouse IRA, Common Stock: 1,900 shares, last reported Apr 1, 2023
For benefit of son, Common Stock: 300 shares, last reported Feb 21, 2013

John Reyes

Holdings couldn't be fully reconciled. Balance changed without a matching transaction, and the footnote does not state the amount: +100,098 shares on Jan 22, 2026 (Direct). See the filing Sales and other transactions for John Reyes are complete.

Director

n/a

Vesting, gifts, unvested awards and holding lines for John Reyes

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Includes unvested RSUs, amount not disclosed.
Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.

Holdings couldn't be fully reconciled. Balance changed without a matching transaction, and the footnote does not state the amount: +100,098 shares on Jan 22, 2026 (Direct). The balances below are as reported, not verified totals.

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	AO LTIP Units	3,177	0
Direct includes unvested RSUs, amount not disclosed	Common Shares	3,063	3,314
Trust	Common Shares	154,685	154,685
Direct	LTIP Units	53,771	76,583

Additional holdings last reported Mar 31, 2023, not confirmed since: 156,675 shares. Not included in any total or percentage on this page.

Direct, Common Stock: 156,675 shares, last reported Mar 31, 2023

Joseph Russell Jr.

Holdings couldn't be fully reconciled. Filings report each grant's shares as the balance instead of a running total. See the filing Sales and other transactions for Joseph Russell Jr. are complete.

President and CEO, Director

n/a

Vesting, gifts, unvested awards and holding lines for Joseph Russell Jr.

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.

Holdings couldn't be fully reconciled. Filings report each grant's shares as the balance instead of a running total. The balances below are as reported, not verified totals.

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	AO LTIP Units	22,908	40,555
Direct	Common Shares	19,096	19,096
Direct	LTIP Units	70,669	106,396

Additional holdings last reported Mar 8, 2023, not confirmed since: 17,296 shares. Not included in any total or percentage on this page.

Direct, Common Stock: 17,296 shares, last reported Mar 8, 2023

Joseph Fisher

Started reporting during the period; starting holdings are from the Form 3.

President, CFO

69K

no sales

Vesting, gifts, unvested awards and holding lines for Joseph Fisher

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Started reporting during the period; starting holdings are from the Form 3.

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	AO LTIP Units	68,886	68,886

Nathaniel Vitan

Holdings couldn't be fully reconciled. Filings report each grant's shares as the balance instead of a running total. See the filing Sales and other transactions for Nathaniel Vitan are complete.

Chief Legal Officer

n/a

−2.4K

n/a

Vesting, gifts, unvested awards and holding lines for Nathaniel Vitan

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Includes unvested RSUs, amount not disclosed.

Holdings couldn't be fully reconciled. Filings report each grant's shares as the balance instead of a running total. The balances below are as reported, not verified totals.

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	AO LTIP Units	5,264	12,986
Direct includes unvested RSUs, amount not disclosed	Common Shares	2,364	0
Direct includes unvested RSUs, amount not disclosed	Common Stock	2,814	2,814
Direct	LTIP Units	52,844	56,212

Tom Boyle

Holdings couldn't be fully reconciled. Filings report each grant's shares as the balance instead of a running total. See the filing Sales and other transactions for Tom Boyle are complete.

Chief Investment Officer

n/a

Vesting, gifts, unvested awards and holding lines for Tom Boyle

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Includes unvested RSUs, amount not disclosed.
Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.

Holdings couldn't be fully reconciled. Filings report each grant's shares as the balance instead of a running total. The balances below are as reported, not verified totals.

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	AO LTIP Units	13,810	34,068
Direct includes unvested RSUs, amount not disclosed	Common Shares	10,227	10,227
Direct	LTIP Units	23,449	32,286

Additional holdings last reported Mar 8, 2023, not confirmed since: 9,504 shares. Not included in any total or percentage on this page.

Direct, Common Stock: 9,504 shares, last reported Mar 8, 2023

Avedick Poladian

Holdings couldn't be fully reconciled. Balance changed without a matching transaction, and the footnote does not state the amount: +1,986 shares on Apr 20, 2026 (Direct). See the filing Sales and other transactions for Avedick Poladian are complete.

Director

n/a

Vesting, gifts, unvested awards and holding lines for Avedick Poladian

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.

Holdings couldn't be fully reconciled. Balance changed without a matching transaction, and the footnote does not state the amount: +1,986 shares on Apr 20, 2026 (Direct). The balances below are as reported, not verified totals.

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	AO LTIP Units	3,177	3,232
Direct	Common Shares	30,163	24,163
IRA	Common Shares	1,000	1,000
Trust 1	Common Shares	0	2,000
Trust 2	Common Shares	0	2,000
Trust 3	Common Shares	0	2,000
Direct	LTIP Units	3,761	4,785

Additional holdings last reported Mar 13, 2023, not confirmed since: 36,163 shares. Not included in any total or percentage on this page.

Direct, Common Stock: 35,163 shares, last reported Mar 13, 2023
IRA, Common Stock: 1,000 shares, last reported Mar 13, 2023

Natalia Johnson

Holdings couldn't be fully reconciled. Filings report each grant's shares as the balance instead of a running total. See the filing Sales and other transactions for Natalia Johnson are complete.

Cd&to

n/a

Vesting, gifts, unvested awards and holding lines for Natalia Johnson

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Includes unvested RSUs, amount not disclosed.
Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.

Holdings couldn't be fully reconciled. Filings report each grant's shares as the balance instead of a running total. The balances below are as reported, not verified totals.

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	AO LTIP Units	10,317	0
Direct includes unvested RSUs, amount not disclosed	Common Shares	8,110	8,110
Direct	LTIP Units	16,625	26,493

Additional holdings last reported Mar 8, 2023, not confirmed since: 7,396 shares. Not included in any total or percentage on this page.

Direct, Common Stock: 7,396 shares, last reported Mar 8, 2023

Ronald Spogli

Holdings couldn't be fully reconciled. Balance changed without a matching transaction, and the footnote does not state the amount: +1,986 shares on Apr 21, 2026 (Direct). See the filing Sales and other transactions for Ronald Spogli are complete.

Director

n/a

Vesting, gifts, unvested awards and holding lines for Ronald Spogli

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.

Holdings couldn't be fully reconciled. Balance changed without a matching transaction, and the footnote does not state the amount: +1,986 shares on Apr 21, 2026 (Direct). The balances below are as reported, not verified totals.

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	AO LTIP Units	3,177	3,232
Direct	Common Shares	12,815	12,840
Trust	Common Shares	2,000	2,000
Direct	LTIP Units	4,600	6,206

Additional holdings last reported Mar 31, 2023, not confirmed since: 8,704 shares. Not included in any total or percentage on this page.

Direct, Common Stock: 6,704 shares, last reported Mar 31, 2023
Trust, Common Stock: 2,000 shares, last reported Mar 31, 2023

Maria Hawthorne

Holdings couldn't be fully reconciled. Filings report each grant's shares as the balance instead of a running total. See the filing Sales and other transactions for Maria Hawthorne are complete.

Director

n/a

Vesting, gifts, unvested awards and holding lines for Maria Hawthorne

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Holdings couldn't be fully reconciled. Filings report each grant's shares as the balance instead of a running total. The balances below are as reported, not verified totals.

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	AO LTIP Units	3,177	3,232
IRA	Common Shares	5,331	5,331
Trust	Common Shares	3,000	3,000

Luke Petherbridge

Holdings couldn't be fully reconciled. Filings report each grant's shares as the balance instead of a running total. See the filing Sales and other transactions for Luke Petherbridge are complete.

Director

n/a

Vesting, gifts, unvested awards and holding lines for Luke Petherbridge

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Holdings couldn't be fully reconciled. Filings report each grant's shares as the balance instead of a running total. The balances below are as reported, not verified totals.

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	AO LTIP Units	10,022	3,232
Direct	Common Shares	700	700
Direct	LTIP Units	80	613

Shankh Mitra

Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.

Director

8.8K

9.7K

no sales

Vesting, gifts, unvested awards and holding lines for Shankh Mitra

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Common Shares	8,768	9,668

Additional holdings last reported Mar 31, 2023, not confirmed since: 7,659 shares. Not included in any total or percentage on this page.

Direct, Common Stock: 7,659 shares, last reported Mar 31, 2023

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
3,600	$273.20	May 6, 2034	$196K
3,177	$299.90	May 6, 2035	$88K
3,232	$308.98	May 5, 2036	$60K

Estimate: options held × ($327.53 − strike price), using the most recent insider trade price on Form 4 (Aug 13, 2026), not a market close.

Kristy Pipes

Holdings couldn't be fully reconciled. Filings report each grant's shares as the balance instead of a running total. See the filing Sales and other transactions for Kristy Pipes are complete.

Director

n/a

Vesting, gifts, unvested awards and holding lines for Kristy Pipes

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Holdings couldn't be fully reconciled. Filings report each grant's shares as the balance instead of a running total. The balances below are as reported, not verified totals.

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	AO LTIP Units	3,177	3,232
Direct	Common Shares	2,149	2,149

Tariq Shaukat

Holdings couldn't be fully reconciled. Filings report each grant's shares as the balance instead of a running total. See the filing Sales and other transactions for Tariq Shaukat are complete.

Director

n/a

Vesting, gifts, unvested awards and holding lines for Tariq Shaukat

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.

Holdings couldn't be fully reconciled. Filings report each grant's shares as the balance instead of a running total. The balances below are as reported, not verified totals.

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	AO LTIP Units	3,177	3,232
Direct	Common Shares	1,246	1,246
Direct	LTIP Units	736	736

Additional holdings last reported Dec 31, 2021, not confirmed since: 1,246 shares. Not included in any total or percentage on this page.

Direct, Common Stock: 1,246 shares, last reported Dec 31, 2021

Paul Williams

Holdings couldn't be fully reconciled. Filings report each grant's shares as the balance instead of a running total. See the filing Sales and other transactions for Paul Williams are complete.

Director

n/a

Vesting, gifts, unvested awards and holding lines for Paul Williams

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.

Holdings couldn't be fully reconciled. Filings report each grant's shares as the balance instead of a running total. The balances below are as reported, not verified totals.

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	AO LTIP Units	3,177	3,232
Direct	Common Shares	1,301	1,530
Direct	LTIP Units	0	1,685

Additional holdings last reported Mar 31, 2023, not confirmed since: 639 shares. Not included in any total or percentage on this page.

Direct, Common Stock: 639 shares, last reported Mar 31, 2023

Rebecca Owen

Holdings couldn't be fully reconciled. Filings report each grant's shares as the balance instead of a running total. See the filing Sales and other transactions for Rebecca Owen are complete.

Director

n/a

Vesting, gifts, unvested awards and holding lines for Rebecca Owen

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.

Holdings couldn't be fully reconciled. Filings report each grant's shares as the balance instead of a running total. The balances below are as reported, not verified totals.

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	AO LTIP Units	3,177	3,232
Direct	Common Shares	874	874
Direct	LTIP Units	0	1,246

Additional holdings last reported Mar 31, 2023, not confirmed since: 538 shares. Not included in any total or percentage on this page.

Direct, Common Stock: 538 shares, last reported Mar 31, 2023

Samuel Sheek

Chief Legal Officer

6.2K

no sales

Vesting, gifts, unvested awards and holding lines for Samuel Sheek

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	LTIP Units	0	6,213

4 of 18 insiders fully reconciled: starting holdings plus reported transactions match ending holdings (3 exactly, 1 with a minor or footnoted difference). For 14 we show sales but not holdings; the ! icon on their rows explains why. Percentages cover 3 of 18 officers and directors. Left out: Ronald Havner Jr., John Reyes, Joseph Russell Jr., Nathaniel Vitan, Tom Boyle, Avedick Poladian, Natalia Johnson, Ronald Spogli, Maria Hawthorne, Luke Petherbridge, Kristy Pipes, Tariq Shaukat, Paul Williams and Rebecca Owen (holdings couldn't be fully reconciled); Samuel Sheek (held no vested shares at the start). "Still held" compares ending with starting vested shares; a plus sign means the holding grew.

What explains the selling$772K of sales by plan status, purpose, seller and month

Officer and director open-market sales: $772K across 2,364 shares. Plan status and stated purpose are separate questions, and a sale can have both.

By plan status

No plan disclosed · $772K

Sales with no 10b5-1 plan and no tax reference in the filing. $772K of it is Nathaniel Vitan. No plan disclosed is a statement about the filing, not about why the sale happened. Largest such sale: Nathaniel Vitan, Aug 13, 2026

Taxes

266 shares ($73K) were withheld by the company for taxes, which isn't a market sale.

Seller	Shares sold	Proceeds	Under a disclosed plan	Share of total	Sales dates
Nathaniel Vitan Chief Legal Officer	2.4K	$772K	0%	100%	Jun 12, 2026 to Aug 13, 2026

Sales by month

Month	Sale proceeds	Disclosed plan	To cover taxes	No plan disclosed
Oct 2025	$0	$0	$0	$0
Nov 2025	$0	$0	$0	$0
Dec 2025	$0	$0	$0	$0
Jan 2026	$0	$0	$0	$0
Feb 2026	$0	$0	$0	$0
Mar 2026	$0	$0	$0	$0
Apr 2026	$0	$0	$0	$0
May 2026	$0	$0	$0	$0
Jun 2026	$309K	$0	$0	$309K
Jul 2026	$0	$0	$0	$0
Aug 2026	$463K	$0	$0	$463K
Sep 2026	$0	$0	$0	$0
Oct 2026	$0	$0	$0	$0

Is this normal? Selling year by year5 earlier years to compare with

Less than usual: about one-twentieth of the 5-year average. 1 insider sold; the average is 3 a year.

12 months ending	Shares sold	Insiders who sold	Proceeds
Oct 8, 2026 Latest 12 months	2.4K	1	$772K
Oct 8, 2025 1 year earlier	450	1	$143K
Oct 8, 2024 2 years earlier	120K	4	$32.6M
Oct 9, 2023 3 years earlier	0	0	$0
Oct 9, 2022 4 years earlier	95K	5	$33.2M
Oct 9, 2021 5 years earlier	58K	3	$18.7M

Open-market sales (Form 4 code S) by people who were officers or directors, in split-adjusted shares. Earlier years include people who have since left. A sale that an outside holder also reports (a family trust, a fund) is counted with outside holders in every year. Shares, not dollars, are compared, so a change in the stock price doesn't look like a change in selling. Years the filings don't fully cover are shown but left out of the average.

Known gaps and uncertainty14 insiders whose holdings couldn't be fully reconciled

Ronald Havner Jr.: holdings couldn't be fully reconciled (difference of 97,600 shares). Balance changed without a matching transaction, and the footnote does not state the amount: +100,043 shares on Jul 29, 2026 (Direct). Filing, Jul 29, 2026

Footnote: "On March 5, 2024, the reporting person exchanged an option to purchase 103,275 common shares of beneficial interest, par value $0.01 per share ("Common Shares"), of Public Storage (the "Company") for 103,275 limited partnership units in Public Storage OP, L.P. designated as AO LTIP Units ("AO LTIP Units"). AO LTIP Units are similar to "net exercise" stock option awards and are convertible, once vested, into a number of vested limited partnership units of Public Storage OP, L.P. designated as LTIP Units ("LTIP Units"), determined by the quotient of (i) the excess of the value of a Common Share "

John Reyes: holdings couldn't be fully reconciled (difference of 100,098 shares). Balance changed without a matching transaction, and the footnote does not state the amount: +100,098 shares on Jan 22, 2026 (Direct). Filing, Jan 22, 2026

Footnote: "On March 5, 2024, the reporting person exchanged an option to purchase 103,275 common shares of beneficial interest, par value $0.01 per share ("Common Shares"), of Public Storage (the "Company") for 103,275 limited partnership units in Public Storage OP, L.P. designated as AO LTIP Units ("AO LTIP Units"). AO LTIP Units are similar to "net exercise" stock option awards and are convertible, once vested, into a number of vested limited partnership units of Public Storage OP, L.P. designated as LTIP Units ("LTIP Units"), determined by the quotient of (i) the excess of the value of a Common Share "

Joseph Russell Jr.: holdings couldn't be fully reconciled (difference of -22,908 shares). Filings report each grant's shares as the balance instead of a running total. Filing, Mar 15, 2026

Footnote: "Reflects an award of membership interests in Public Storage OP, L.P. ("Public Storage OP") designated as AO LTIP Units ("AO LTIP Units") granted pursuant to the Public Storage 2021 Equity and Performance-Based Incentive Compensation Plan. AO LTIP Units, if and as they become vested, are convertible at the reporting person's election into vested LTIP Units ("LTIP Units") of Public Storage OP, which are convertible, conditioned upon the satisfaction of minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes, into Common Units in Public Storage OP ("OP Units""

Nathaniel Vitan: holdings couldn't be fully reconciled (difference of -5,264 shares). Filings report each grant's shares as the balance instead of a running total. Filing, Mar 15, 2026

Footnote: "Reflects an award of membership interests in Public Storage OP, L.P. ("Public Storage OP") designated as AO LTIP Units ("AO LTIP Units") granted pursuant to the Public Storage 2021 Equity and Performance-Based Incentive Compensation Plan. AO LTIP Units, if and as they become vested, are convertible at the reporting person's election into vested LTIP Units ("LTIP Units") of Public Storage OP, which are convertible, conditioned upon the satisfaction of minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes, into Common Units in Public Storage OP ("OP Units""

Tom Boyle: holdings couldn't be fully reconciled (difference of -243,431 shares). Filings report each grant's shares as the balance instead of a running total. Filing, Mar 15, 2026

Footnote: "Reflects an award of membership interests in Public Storage OP, L.P. ("Public Storage OP") designated as AO LTIP Units ("AO LTIP Units") granted pursuant to the Public Storage 2021 Equity and Performance-Based Incentive Compensation Plan. AO LTIP Units, if and as they become vested, are convertible at the reporting person's election into vested LTIP Units ("LTIP Units") of Public Storage OP, which are convertible, conditioned upon the satisfaction of minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes, into Common Units in Public Storage OP ("OP Units""

Avedick Poladian: holdings couldn't be fully reconciled (difference of 1,986 shares). Balance changed without a matching transaction, and the footnote does not state the amount: +1,986 shares on Apr 20, 2026 (Direct). Filing, Apr 20, 2026

Footnote: "On March 5, 2024, the reporting person exchanged an option to purchase 5,163 common shares of beneficial interest, par value $0.01 per share ("Common Shares"), of Public Storage (the "Company") for 5,163 limited partnership units in Public Storage OP, L.P. designated as AO LTIP Units ("AO LTIP Units"). AO LTIP Units are similar to "net exercise" stock option awards and are convertible, once vested, into a number of vested limited partnership units of Public Storage OP, L.P. designated as LTIP Units ("LTIP Units"), determined by the quotient of (i) the excess of the value of a Common Share as o"

Natalia Johnson: holdings couldn't be fully reconciled (difference of -25,541 shares). Filings report each grant's shares as the balance instead of a running total. Filing, Jul 28, 2026

Footnote: "On February 26, 2024, the reporting person exchanged an option to purchase 10,327 common shares of beneficial interest, par value $0.01 per share ("Common Shares"), of Public Storage (the "Company") for 10,327 limited partnership units in Public Storage OP, L.P. designated as AO LTIP Units ("AO LTIP Units"). AO LTIP Units are similar to "net exercise" stock option awards and are convertible, once vested, into a number of vested limited partnership units of Public Storage OP, L.P. designated as LTIP Units ("LTIP Units"), determined by the quotient of (i) the excess of the value of a Common Shar"

Ronald Spogli: holdings couldn't be fully reconciled (difference of 1,986 shares). Balance changed without a matching transaction, and the footnote does not state the amount: +1,986 shares on Apr 21, 2026 (Direct). Filing, Apr 21, 2026

Footnote: "On March 5, 2024, the reporting person exchanged an option to purchase 5,163 common shares of beneficial interest, par value $0.01 per share ("Common Shares"), of Public Storage (the "Company") for 5,163 limited partnership units in Public Storage OP, L.P. designated as AO LTIP Units ("AO LTIP Units"). AO LTIP Units are similar to "net exercise" stock option awards and are convertible, once vested, into a number of vested limited partnership units of Public Storage OP, L.P. designated as LTIP Units ("LTIP Units"), determined by the quotient of (i) the excess of the value of a Common Share as o"

Maria Hawthorne: holdings couldn't be fully reconciled (difference of -3,177 shares). Filings report each grant's shares as the balance instead of a running total. Filing, May 6, 2026

Footnote: "Reflects an award of membership interests in Public Storage OP, L.P. ("Public Storage OP") designated as AO LTIP Units ("AO LTIP Units") granted pursuant to the Amended and Restated Public Storage 2021 Equity and Performance-Based Incentive Compensation Plan. The AO LTIP Units vest in full one (1) year from the grant date. Vested AO LTIP Units are convertible at the reporting person's election into vested LTIP Units ("LTIP Units") of Public Storage OP, which are convertible, conditioned upon the satisfaction of minimum allocations to the capital accounts of the LTIP Units for federal income ta"

Luke Petherbridge: holdings couldn't be fully reconciled (difference of -10,022 shares). Filings report each grant's shares as the balance instead of a running total. Filing, May 6, 2026

Footnote: "Reflects an award of membership interests in Public Storage OP, L.P. ("Public Storage OP") designated as AO LTIP Units ("AO LTIP Units") granted pursuant to the Amended and Restated Public Storage 2021 Equity and Performance-Based Incentive Compensation Plan. The AO LTIP Units vest in full one (1) year from the grant date. Vested AO LTIP Units are convertible at the reporting person's election into vested LTIP Units ("LTIP Units") of Public Storage OP, which are convertible, conditioned upon the satisfaction of minimum allocations to the capital accounts of the LTIP Units for federal income ta"

Kristy Pipes: holdings couldn't be fully reconciled (difference of -3,177 shares). Filings report each grant's shares as the balance instead of a running total. Filing, May 6, 2026

Footnote: "Reflects an award of membership interests in Public Storage OP, L.P. ("Public Storage OP") designated as AO LTIP Units ("AO LTIP Units") granted pursuant to the Amended and Restated Public Storage 2021 Equity and Performance-Based Incentive Compensation Plan. The AO LTIP Units vest in full one (1) year from the grant date. Vested AO LTIP Units are convertible at the reporting person's election into vested LTIP Units ("LTIP Units") of Public Storage OP, which are convertible, conditioned upon the satisfaction of minimum allocations to the capital accounts of the LTIP Units for federal income ta"

Tariq Shaukat: holdings couldn't be fully reconciled (difference of -3,177 shares). Filings report each grant's shares as the balance instead of a running total. Filing, May 6, 2026

Footnote: "Reflects an award of membership interests in Public Storage OP, L.P. ("Public Storage OP") designated as AO LTIP Units ("AO LTIP Units") granted pursuant to the Amended and Restated Public Storage 2021 Equity and Performance-Based Incentive Compensation Plan. The AO LTIP Units vest in full one (1) year from the grant date. Vested AO LTIP Units are convertible at the reporting person's election into vested LTIP Units ("LTIP Units") of Public Storage OP, which are convertible, conditioned upon the satisfaction of minimum allocations to the capital accounts of the LTIP Units for federal income ta"

Paul Williams: holdings couldn't be fully reconciled (difference of 2,823 shares). Filings report each grant's shares as the balance instead of a running total. Filing, Mar 2, 2026

Footnote: "On March 5, 2024, the reporting person exchanged an option to purchase 15,491 common shares of beneficial interest, par value $0.01 per share ("Common Shares"), of Public Storage (the "Company") for 15,491 limited partnership units in Public Storage OP, L.P. designated as AO LTIP Units ("AO LTIP Units"). AO LTIP Units are similar to "net exercise" stock option awards and are convertible, once vested, into a number of vested limited partnership units of Public Storage OP, L.P. designated as LTIP Units ("LTIP Units"), determined by the quotient of (i) the excess of the value of a Common Share as"

Rebecca Owen: holdings couldn't be fully reconciled (difference of 1,073 shares). Filings report each grant's shares as the balance instead of a running total. Filing, Mar 12, 2026

Footnote: "On May 7, 2024, the reporting person exchanged an option to purchase 10,327 common shares of beneficial interest, par value $0.01 per share ("Common Shares"), of Public Storage (the "Company") for 10,327 limited partnership units in Public Storage OP, L.P. designated as AO LTIP Units ("AO LTIP Units"). AO LTIP Units are similar to "net exercise" stock option awards and are convertible, once vested, into a number of vested limited partnership units of Public Storage OP, L.P. designated as LTIP Units ("LTIP Units"), determined by the quotient of (i) the excess of the value of a Common Share as o"

Tamara Gustavson: minor difference of -3,177 shares. Difference is under 0.5% of holdings.

Inferred rename: "As Trustee" is treated as the same holder as "Trustee", because the old name was never reported again and the new one opened with the same balance (29,528 shares). Old name, new name

Inferred rename: "As Trustee" is treated as the same holder as "Trust", because the old name was never reported again and the new one opened with the same balance (181,973 shares). Old name, new name

Inferred rename: "American Commercial Equities Two, LLC" is treated as the same holder as "Japanese Village, LLC", because the old name was never reported again and the new one opened with the same balance (400,000 shares). Old name, new name

Inferred typo: the share class "Common Stocck" is treated as the same class as "Common Stock" on 1 holding line, because the two spellings are nearly identical and each balance carried over exactly. Example (Uri Harkham, 6,375 shares): old title, new title

Inferred typo: the share class "Depositary Shares Representing Series G Preferred Stock" is treated as the same class as "Depositary Shares Representing Series G. Preferred Stock" on 1 holding line, because the two spellings are nearly identical and each balance carried over exactly. Example (Ronald Havner Jr., 9,870 shares): old title, new title

External context: we only cite outside events when a documented connection exists. None is shown for this period.

Sources and methodology1,135 filings from SEC EDGAR, and how we read them

All 1,135 Forms 3, 4 and 5 filed for Public Storage (SEC CIK 1393311) from Aug 3, 2007 to Oct 7, 2026, retrieved from SEC EDGAR on Oct 8, 2026. Prices are the ones reported in each filing, often weighted averages. 13 filings were left out because Public Storage filed them as an owner of another company's stock.

Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.

Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".

Full methodology

Former or inactive filers (23)No filing in 18 months; last reported balances, not in any total

Name	Last filed	Last reported balance
Christopher Sambar	Mar 7, 2025	28,466 shares, last reported balance as of Mar 5, 2025
David Neithercut	May 9, 2024	7,866 shares, last reported balance as of May 7, 2024
Heisz Stone	Mar 6, 2024	10,069 shares, last reported balance as of Mar 5, 2024
David Lee	Mar 3, 2023	392 shares, last reported balance as of Feb 21, 2023
Shroff Millstone	May 2, 2022	172 shares, last reported balance as of Dec 31, 2021
Wayne Hughes Jr.	Aug 3, 2021	6,640,536 shares, last reported balance as of Aug 3, 2021
Daniel Staton	Jan 4, 2021	34,971 shares, last reported balance as of Dec 31, 2020
Uri Harkham	Jan 4, 2021	67,239 shares, last reported balance as of Dec 31, 2020
Gary Pruitt	Apr 23, 2020	8,350 shares, last reported balance as of Apr 14, 2020
Wayne Hughes	Jan 2, 2020	2,392,880 shares, last reported balance as of Nov 26, 2019
Lily Hughes	Mar 11, 2019	2,699 shares, last reported balance as of Mar 8, 2019
David Doll	Mar 6, 2017	27,956 shares, last reported balance as of Mar 3, 2017
Candace Krol	Mar 3, 2017	28,742 shares, last reported balance as of Mar 1, 2017
Steven Glick	Mar 4, 2015	6,224 shares, last reported balance as of Mar 2, 2015
Shawn Weidmann	Feb 24, 2015	3,201 shares, last reported balance as of Feb 20, 2015
Mark Good	Dec 20, 2010	2,109 shares, last reported balance as of Dec 17, 2010
Dann Angeloff	May 10, 2010	53,600 shares, last reported balance as of Apr 15, 2010
William Baker	May 10, 2010	27,500 shares, last reported balance as of May 6, 2010
John Evans	May 10, 2010	2,249 shares, last reported balance as of May 6, 2010
Harvey Lenkin	May 10, 2010	146,255 shares, last reported balance as of May 6, 2010
Brian Fields	May 12, 2009	10,498 shares, last reported balance as of May 8, 2009
John Graul	Nov 20, 2008	37,625 shares, last reported balance as of Nov 19, 2008
John Baumann	Mar 18, 2008	3,518 shares, last reported balance as of Mar 15, 2007

Public Storage insiders sold $772K in the past 12 months. How much of their stake is that?

What stands out

Who sold, and how much of their stake

Selling by month

Common questions

Is the Public Storage CEO selling stock?

Why are Public Storage insiders selling?

Are any Public Storage insiders buying?

The evidence

No plan disclosed · $772K

Taxes

Sales by month