Public Storage (PSA) 4: HAVNER RONALD L JR sold 266 shares of Common Shares at $276… (Apr 3, 2026)

=== SEC Form 4 — Statement of Changes in Beneficial Ownership === Document Type: 4 Period of Report: 2026-04-01 10b5-1 Pre-arranged Plan: No --- Issuer --- Name: Public Storage (PSA) CIK: 0001393311 --- Reporting Owner --- Name: HAVNER RONALD L JR CIK: 0001227384 Role: Director --- Non-Derivative Transactions --- [Transaction #1] Security: Common Shares Date: 2026-04-01 | Code: F (Payment of exercise/tax) Shares: -266 | Price: $276.24 Total Value: $73,479.84 Shares Owned After: 7,460.59 | Ownership: D (Direct) Footnotes: [F1] Includes 2,726.59 deferred share units. Mr. Havner postponed receipt of 10,000 vested restricted share units granted February 19, 2015 with an original vesting date of April 1, 2016 in accordance with the following schedule: 10 equal installments over 10 years starting April 1, 2021 to April 1, 2030. 4,000 remain subject to deferred receipt and are also included here. --- Holdings --- [Holding #1] Security: Common Shares Ownership: I (Indirect) Footnotes: [F2] Ronald L. Havner and LeeAnn R. Havner, Trustee of Havner Family Trust. [Holding #2] Security: Common Shares Ownership: I (Indirect) --- Footnotes (Complete Index) --- F1: Includes 2,726.59 deferred share units. Mr. Havner postponed receipt of 10,000 vested restricted share units granted February 19, 2015 with an original vesting date of April 1, 2016 in accordance with the following schedule: 10 equal installments over 10 years starting April 1, 2021 to April 1, 2030. 4,000 remain subject to deferred receipt and are also included here. F2: Ronald L. Havner and LeeAnn R. Havner, Trustee of Havner Family Trust. --- Signature --- /s/ /s/ Nathaniel A. Vitan, Attorney-in-Fact (2026-04-03)