Microvast Holdings announces departure of chief financial officer
Harold Perry, a director at SmartStop Self Storage REIT, Inc. (NASDAQ:SMA), recently purchased 3,000 shares of the company’s common stock, according to a recent SEC filing. The transaction, dated April 2, 2025, was valued at $90,000, with a purchase price of $30 per share. The shares now trade at $33.1, representing a 10% premium to Perry’s purchase price. This acquisition was made through a directed share program linked to the company’s public offering. For detailed insider trading analysis and more metrics, check out InvestingPro.
In addition to the common stock purchase, Perry also received long-term incentive plan units on two separate occasions. On April 1, 2025, he was awarded 7,678 incentive plan units, and on April 2, 2025, he received an additional 1,920 units. These awards are part of the company’s incentive plan, with vesting conditions tied to Perry’s continued service. The stock has been trading near its 52-week high of $33.92, with average daily volume of 6.9 million shares.
Following these transactions, Perry’s holdings in SmartStop Self Storage REIT include 9,657.19 shares of Class A Common Stock and 2,980.25 long-term incentive plan units, adjusted for a recent reverse stock split. The stock has shown resilience, maintaining a positive return of 1.07% over the past year. Get access to comprehensive insider trading analysis and real-time alerts with InvestingPro.
In other recent news, SmartStop Self Storage REIT, Inc. has made its debut on the New York Stock Exchange, trading under the ticker symbol "SMA." The shares began trading at $32.40 each, surpassing the initial public offering (IPO) price of $30.00 per share. The company had previously announced the pricing of its public offering, which included 27,000,000 common shares. Furthermore, SmartStop has provided a 30-day option to underwriters to purchase an additional 4,050,000 shares at the public offering price, excluding underwriting discounts and commissions. This offering is being managed by a consortium of joint book-running managers, including J.P. Morgan, Wells Fargo (NYSE:WFC) Securities, KeyBanc Capital Markets, BMO Capital Markets, and Truist Securities. These developments mark significant steps for SmartStop as it enters the public trading arena.
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