SCHALL MICHAEL J

SEC source: 0001104659-26-085920 · tm2620838-13_4seq1.xml · derivative · entry 2

SCHALL MICHAEL J · CIK 0001198212 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

Underlying: Common shares of beneficial interest, $0.01 par value · 12,618 shares

Expires not disclosed

F2 · security: Pursuant to the Merger Agreement, each Class A OP Unit issued and outstanding immediately prior to the effective time of the Partnership Merger was (i) automatically converted into the right to receive a number of newly issued common units in Public Storage OP, L.P., equal to the Exchange Ratio or (ii), at the election of holders of Class A OP Units, redeemed in exchange for one newly issued unit in NSA OP JV, LLC which holds 80% of the equity of the joint venture with Public Storage that holds certain identified real estate assets contributed by the Partnership.

F2 · derivative.exercise_price: Pursuant to the Merger Agreement, each Class A OP Unit issued and outstanding immediately prior to the effective time of the Partnership Merger was (i) automatically converted into the right to receive a number of newly issued common units in Public Storage OP, L.P., equal to the Exchange Ratio or (ii), at the election of holders of Class A OP Units, redeemed in exchange for one newly issued unit in NSA OP JV, LLC which holds 80% of the equity of the joint venture with Public Storage that holds certain identified real estate assets contributed by the Partnership.

F2 · shares: Pursuant to the Merger Agreement, each Class A OP Unit issued and outstanding immediately prior to the effective time of the Partnership Merger was (i) automatically converted into the right to receive a number of newly issued common units in Public Storage OP, L.P., equal to the Exchange Ratio or (ii), at the election of holders of Class A OP Units, redeemed in exchange for one newly issued unit in NSA OP JV, LLC which holds 80% of the equity of the joint venture with Public Storage that holds certain identified real estate assets contributed by the Partnership.

F2 · price: Pursuant to the Merger Agreement, each Class A OP Unit issued and outstanding immediately prior to the effective time of the Partnership Merger was (i) automatically converted into the right to receive a number of newly issued common units in Public Storage OP, L.P., equal to the Exchange Ratio or (ii), at the election of holders of Class A OP Units, redeemed in exchange for one newly issued unit in NSA OP JV, LLC which holds 80% of the equity of the joint venture with Public Storage that holds certain identified real estate assets contributed by the Partnership.

F2 · derivative.exercise_date: Pursuant to the Merger Agreement, each Class A OP Unit issued and outstanding immediately prior to the effective time of the Partnership Merger was (i) automatically converted into the right to receive a number of newly issued common units in Public Storage OP, L.P., equal to the Exchange Ratio or (ii), at the election of holders of Class A OP Units, redeemed in exchange for one newly issued unit in NSA OP JV, LLC which holds 80% of the equity of the joint venture with Public Storage that holds certain identified real estate assets contributed by the Partnership.

F3 · derivative.expiration_date: N/A.

F2 · derivative.underlying_shares: Pursuant to the Merger Agreement, each Class A OP Unit issued and outstanding immediately prior to the effective time of the Partnership Merger was (i) automatically converted into the right to receive a number of newly issued common units in Public Storage OP, L.P., equal to the Exchange Ratio or (ii), at the election of holders of Class A OP Units, redeemed in exchange for one newly issued unit in NSA OP JV, LLC which holds 80% of the equity of the joint venture with Public Storage that holds certain identified real estate assets contributed by the Partnership.

F2 · balance_after: Pursuant to the Merger Agreement, each Class A OP Unit issued and outstanding immediately prior to the effective time of the Partnership Merger was (i) automatically converted into the right to receive a number of newly issued common units in Public Storage OP, L.P., equal to the Exchange Ratio or (ii), at the election of holders of Class A OP Units, redeemed in exchange for one newly issued unit in NSA OP JV, LLC which holds 80% of the equity of the joint venture with Public Storage that holds certain identified real estate assets contributed by the Partnership.

SEC source: 0001104659-26-085920 · tm2620838-13_4seq1.xml · nonDerivative · entry 1

SCHALL MICHAEL J · CIK 0001198212 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

F1 · security: Pursuant to the Agreement and Plan of Merger, dated as of March 16, 2026 (the "Merger Agreement"), between the Issuer, Public Storage and certain other parties, common shares of beneficial interest, $0.01 par value, of the Issuer, inclusive of restricted shares, were converted into the right to receive 0.1400 (the "Exchange Ratio") newly issued common shares of beneficial interest, par value $0.10 per share, of Public Storage and cash in lieu of any fractional shares.

F1 · price: Pursuant to the Agreement and Plan of Merger, dated as of March 16, 2026 (the "Merger Agreement"), between the Issuer, Public Storage and certain other parties, common shares of beneficial interest, $0.01 par value, of the Issuer, inclusive of restricted shares, were converted into the right to receive 0.1400 (the "Exchange Ratio") newly issued common shares of beneficial interest, par value $0.10 per share, of Public Storage and cash in lieu of any fractional shares.

F1 · balance_after: Pursuant to the Agreement and Plan of Merger, dated as of March 16, 2026 (the "Merger Agreement"), between the Issuer, Public Storage and certain other parties, common shares of beneficial interest, $0.01 par value, of the Issuer, inclusive of restricted shares, were converted into the right to receive 0.1400 (the "Exchange Ratio") newly issued common shares of beneficial interest, par value $0.10 per share, of Public Storage and cash in lieu of any fractional shares.

SEC source: 0001628280-26-036363 · wk-form4_1779220944.xml · derivative · entry 3

SCHALL MICHAEL J · CIK 0001198212 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 12,618

Underlying: Common shares of beneficial interest, $0.01 par value · 12,618 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F4 · security: Long-term incentive plan units ("LTIP Units") in the Partnership, after achieving parity with Class A common units of limited partner interest in the Partnership ("Class A OP Units"), are eligible to be converted into Class A OP Units on a one-for-one basis upon the satisfaction of conditions set forth in the Partnership's agreement of limited partnership.

F4 · derivative.exercise_price: Long-term incentive plan units ("LTIP Units") in the Partnership, after achieving parity with Class A common units of limited partner interest in the Partnership ("Class A OP Units"), are eligible to be converted into Class A OP Units on a one-for-one basis upon the satisfaction of conditions set forth in the Partnership's agreement of limited partnership.

F5 · derivative.exercise_price: Upon conversion of such vested parity LTIP Units into Class A OP Units, the Reporting Person has the right to cause the Partnership to redeem all or a portion of the Reporting Person's Class A OP Units for cash in an amount equal to the market value of an equivalent number of Shares, or at the Issuer's option, Shares on a one-for-one basis, subject to certain adjustments.

F6 · shares: Consists of 12,618 LTIP Units held by the Reporting Person which were converted into 12,618 Class A OP Units as described in footnote 4 above. The Reporting Person previously reported the 12,618 LTIP Units that were converted into Class A OP Units as described in this Form 4 as Class A OP Units on an as-converted basis. Accordingly, rows 1 and 2 of Table II of this Form 4 are being filed on a voluntary basis solely to provide notice of the conversion of the Reporting Person's 12,618 LTIP Units into 12,618 Class A OP Units.

F5 · price: Upon conversion of such vested parity LTIP Units into Class A OP Units, the Reporting Person has the right to cause the Partnership to redeem all or a portion of the Reporting Person's Class A OP Units for cash in an amount equal to the market value of an equivalent number of Shares, or at the Issuer's option, Shares on a one-for-one basis, subject to certain adjustments.

F4 · derivative.exercise_date: Long-term incentive plan units ("LTIP Units") in the Partnership, after achieving parity with Class A common units of limited partner interest in the Partnership ("Class A OP Units"), are eligible to be converted into Class A OP Units on a one-for-one basis upon the satisfaction of conditions set forth in the Partnership's agreement of limited partnership.

F5 · derivative.exercise_date: Upon conversion of such vested parity LTIP Units into Class A OP Units, the Reporting Person has the right to cause the Partnership to redeem all or a portion of the Reporting Person's Class A OP Units for cash in an amount equal to the market value of an equivalent number of Shares, or at the Issuer's option, Shares on a one-for-one basis, subject to certain adjustments.

F7 · derivative.expiration_date: N/A

F5 · derivative.underlying: Upon conversion of such vested parity LTIP Units into Class A OP Units, the Reporting Person has the right to cause the Partnership to redeem all or a portion of the Reporting Person's Class A OP Units for cash in an amount equal to the market value of an equivalent number of Shares, or at the Issuer's option, Shares on a one-for-one basis, subject to certain adjustments.

F4 · balance_after: Long-term incentive plan units ("LTIP Units") in the Partnership, after achieving parity with Class A common units of limited partner interest in the Partnership ("Class A OP Units"), are eligible to be converted into Class A OP Units on a one-for-one basis upon the satisfaction of conditions set forth in the Partnership's agreement of limited partnership.

F8 · balance_after: The Reporting Person's total direct beneficial ownership following the reported transactions above is 12,618 Class A OP Units (which includes those Class A OP Units previously reported and the Class A OP Units reported herein) and 0 LTIP Units. The 12,618 Class A OP Units do not include non-derivative securities of the Reporting Person that were previously reported.

SEC source: 0001628280-26-036363 · wk-form4_1779220944.xml · derivative · entry 2

SCHALL MICHAEL J · CIK 0001198212 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

Underlying: Class A OP Units · 12,618 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F4 · security: Long-term incentive plan units ("LTIP Units") in the Partnership, after achieving parity with Class A common units of limited partner interest in the Partnership ("Class A OP Units"), are eligible to be converted into Class A OP Units on a one-for-one basis upon the satisfaction of conditions set forth in the Partnership's agreement of limited partnership.

F4 · derivative.exercise_price: Long-term incentive plan units ("LTIP Units") in the Partnership, after achieving parity with Class A common units of limited partner interest in the Partnership ("Class A OP Units"), are eligible to be converted into Class A OP Units on a one-for-one basis upon the satisfaction of conditions set forth in the Partnership's agreement of limited partnership.

F5 · derivative.exercise_price: Upon conversion of such vested parity LTIP Units into Class A OP Units, the Reporting Person has the right to cause the Partnership to redeem all or a portion of the Reporting Person's Class A OP Units for cash in an amount equal to the market value of an equivalent number of Shares, or at the Issuer's option, Shares on a one-for-one basis, subject to certain adjustments.

F6 · shares: Consists of 12,618 LTIP Units held by the Reporting Person which were converted into 12,618 Class A OP Units as described in footnote 4 above. The Reporting Person previously reported the 12,618 LTIP Units that were converted into Class A OP Units as described in this Form 4 as Class A OP Units on an as-converted basis. Accordingly, rows 1 and 2 of Table II of this Form 4 are being filed on a voluntary basis solely to provide notice of the conversion of the Reporting Person's 12,618 LTIP Units into 12,618 Class A OP Units.

F4 · price: Long-term incentive plan units ("LTIP Units") in the Partnership, after achieving parity with Class A common units of limited partner interest in the Partnership ("Class A OP Units"), are eligible to be converted into Class A OP Units on a one-for-one basis upon the satisfaction of conditions set forth in the Partnership's agreement of limited partnership.

F4 · derivative.exercise_date: Long-term incentive plan units ("LTIP Units") in the Partnership, after achieving parity with Class A common units of limited partner interest in the Partnership ("Class A OP Units"), are eligible to be converted into Class A OP Units on a one-for-one basis upon the satisfaction of conditions set forth in the Partnership's agreement of limited partnership.

F5 · derivative.exercise_date: Upon conversion of such vested parity LTIP Units into Class A OP Units, the Reporting Person has the right to cause the Partnership to redeem all or a portion of the Reporting Person's Class A OP Units for cash in an amount equal to the market value of an equivalent number of Shares, or at the Issuer's option, Shares on a one-for-one basis, subject to certain adjustments.

F7 · derivative.expiration_date: N/A

F4 · derivative.underlying: Long-term incentive plan units ("LTIP Units") in the Partnership, after achieving parity with Class A common units of limited partner interest in the Partnership ("Class A OP Units"), are eligible to be converted into Class A OP Units on a one-for-one basis upon the satisfaction of conditions set forth in the Partnership's agreement of limited partnership.

F5 · derivative.underlying: Upon conversion of such vested parity LTIP Units into Class A OP Units, the Reporting Person has the right to cause the Partnership to redeem all or a portion of the Reporting Person's Class A OP Units for cash in an amount equal to the market value of an equivalent number of Shares, or at the Issuer's option, Shares on a one-for-one basis, subject to certain adjustments.

F4 · balance_after: Long-term incentive plan units ("LTIP Units") in the Partnership, after achieving parity with Class A common units of limited partner interest in the Partnership ("Class A OP Units"), are eligible to be converted into Class A OP Units on a one-for-one basis upon the satisfaction of conditions set forth in the Partnership's agreement of limited partnership.

F8 · balance_after: The Reporting Person's total direct beneficial ownership following the reported transactions above is 12,618 Class A OP Units (which includes those Class A OP Units previously reported and the Class A OP Units reported herein) and 0 LTIP Units. The 12,618 Class A OP Units do not include non-derivative securities of the Reporting Person that were previously reported.

SEC source: 0001628280-26-036363 · wk-form4_1779220944.xml · nonDerivative · entry 1

SCHALL MICHAEL J · CIK 0001198212 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 11,291

F1 · security: Consists of 5,291 restricted common shares of beneficial interest, $0.01 par value of the Issuer ("Restricted Shares"). The Restricted Shares were granted to the Reporting Person under the Issuer's 2024 Equity Incentive Plan, and are scheduled to vest scheduled to vest the earlier of: (i) May 15, 2027, (ii) the calendar day immediately preceding the next annual meeting of shareholders or (iii) immediately prior to the Company Merger Effective Time (as such term is defined in that certain Agreement of Plan and Merger, dated as of March 16, 2026, by and among the Issuer, NSA OP, LP (the "Partnership"), Public Storage, Public Storage OP, L.P., Pelican Merger Sub I, LLC and Pelican Merger Sub II, LLC, as the same may be amended).

F1 · shares: Consists of 5,291 restricted common shares of beneficial interest, $0.01 par value of the Issuer ("Restricted Shares"). The Restricted Shares were granted to the Reporting Person under the Issuer's 2024 Equity Incentive Plan, and are scheduled to vest scheduled to vest the earlier of: (i) May 15, 2027, (ii) the calendar day immediately preceding the next annual meeting of shareholders or (iii) immediately prior to the Company Merger Effective Time (as such term is defined in that certain Agreement of Plan and Merger, dated as of March 16, 2026, by and among the Issuer, NSA OP, LP (the "Partnership"), Public Storage, Public Storage OP, L.P., Pelican Merger Sub I, LLC and Pelican Merger Sub II, LLC, as the same may be amended).

F2 · price: The closing price of the Issuer's common shares of beneficial interest, $0.01 par value ("Shares") on May 14, 2026.

F1 · balance_after: Consists of 5,291 restricted common shares of beneficial interest, $0.01 par value of the Issuer ("Restricted Shares"). The Restricted Shares were granted to the Reporting Person under the Issuer's 2024 Equity Incentive Plan, and are scheduled to vest scheduled to vest the earlier of: (i) May 15, 2027, (ii) the calendar day immediately preceding the next annual meeting of shareholders or (iii) immediately prior to the Company Merger Effective Time (as such term is defined in that certain Agreement of Plan and Merger, dated as of March 16, 2026, by and among the Issuer, NSA OP, LP (the "Partnership"), Public Storage, Public Storage OP, L.P., Pelican Merger Sub I, LLC and Pelican Merger Sub II, LLC, as the same may be amended).

F3 · balance_after: The Reporting Person's total direct beneficial ownership following the reported transaction in this class of securities is 11,291 Shares (inclusive of Restricted Shares), which includes those Shares previously reported. The 11,291 Shares does not include derivative securities of the Reporting Person that have been previously reported on the Reporting Person's Forms 3 and Forms 4.

SEC source: 0001198212-26-000002 · wk-form4_1767652435.xml · nonDerivative · entry 1

SCHALL MICHAEL J · CIK 0001198212 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 134,530

F1 · price: Payment of 100 percent of annual retainer fee for serving on the Board of Trustees of Pebblebrook Hotel Trust in 2025. Per-share value is the average of the closing prices for the Company's common shares on the New York Stock Exchange for the ten trading days preceding the date of payment.

F2 · balance_after: The reporting person disclaims beneficial ownership with respect to 51,312 of these shares.

SEC source: 0001198212-25-000011 · wk-form4_1763674963.xml · nonDerivative · entry 1

SCHALL MICHAEL J · CIK 0001198212 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 119,693

F1 · balance_after: The reporting person disclaims beneficial ownership with respect to 43,894 of these shares.

SEC source: 0001198212-25-000007 · wk-form4_1755809131.xml · nonDerivative · entry 1

SCHALL MICHAEL J · CIK 0001198212 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 109,693

F1 · price: This is the weighted average price. These shares were purchased in multiple transactions at prices ranging from $10.08 to $10.09, inclusive. The reporting person undertakes to provide to Pebblebrook Hotel Trust, any security holder of Pebblebrook Hotel Trust or the staff of the United States Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote to this Form 4.

F2 · balance_after: The reporting person disclaims beneficial ownership with respect to one-half of all but 21,906 of these shares.

SEC source: 0001628280-25-026633 · wk-form4_1747692596.xml · derivative · entry 1

SCHALL MICHAEL J · CIK 0001198212 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 12,618

Underlying: Common shares of beneficial interest, $0.01 par value · 6,502 shares

Expires not disclosed

F1 · security: The 6,502 Class A common units of limited partner interest ("Class A OP Units") in NSA OP, LP (the "Partnership") are issuable upon the conversion of 6,502 long-term incentive plan units ("LTIP Units") in the Partnership. The LTIP Units were granted to the Reporting Person under the Issuer's 2024 Equity Incentive Plan, and are scheduled to vest on the earlier of: (i) May 15, 2026 or (ii) the calendar day immediately preceding the next annual meeting of shareholders, the date of which will be specified in a future proxy statement of the Issuer. Vested LTIP Units, after achieving parity with Class A OP Units, are eligible to be converted into Class A OP Units on a one-for-one basis upon the satisfaction of conditions set forth in the Partnership's agreement of limited partnership.

F1 · derivative.exercise_price: The 6,502 Class A common units of limited partner interest ("Class A OP Units") in NSA OP, LP (the "Partnership") are issuable upon the conversion of 6,502 long-term incentive plan units ("LTIP Units") in the Partnership. The LTIP Units were granted to the Reporting Person under the Issuer's 2024 Equity Incentive Plan, and are scheduled to vest on the earlier of: (i) May 15, 2026 or (ii) the calendar day immediately preceding the next annual meeting of shareholders, the date of which will be specified in a future proxy statement of the Issuer. Vested LTIP Units, after achieving parity with Class A OP Units, are eligible to be converted into Class A OP Units on a one-for-one basis upon the satisfaction of conditions set forth in the Partnership's agreement of limited partnership.

F2 · derivative.exercise_price: Upon conversion of such vested parity LTIP Units into Class A OP Units, the Reporting Person will have the right to cause the Partnership to redeem all or a portion of the Reporting Person's Class A OP Units for cash in an amount equal to the market value of an equivalent number of the Issuer's common shares of beneficial interest ("Shares"), or at the Issuer's option, Shares on a one-for-one basis, subject to certain adjustments.

F1 · shares: The 6,502 Class A common units of limited partner interest ("Class A OP Units") in NSA OP, LP (the "Partnership") are issuable upon the conversion of 6,502 long-term incentive plan units ("LTIP Units") in the Partnership. The LTIP Units were granted to the Reporting Person under the Issuer's 2024 Equity Incentive Plan, and are scheduled to vest on the earlier of: (i) May 15, 2026 or (ii) the calendar day immediately preceding the next annual meeting of shareholders, the date of which will be specified in a future proxy statement of the Issuer. Vested LTIP Units, after achieving parity with Class A OP Units, are eligible to be converted into Class A OP Units on a one-for-one basis upon the satisfaction of conditions set forth in the Partnership's agreement of limited partnership.

F4 · price: The price of the derivative securities was determined using the closing price of the Issuer's Shares on May 14, 2025.

F1 · derivative.exercise_date: The 6,502 Class A common units of limited partner interest ("Class A OP Units") in NSA OP, LP (the "Partnership") are issuable upon the conversion of 6,502 long-term incentive plan units ("LTIP Units") in the Partnership. The LTIP Units were granted to the Reporting Person under the Issuer's 2024 Equity Incentive Plan, and are scheduled to vest on the earlier of: (i) May 15, 2026 or (ii) the calendar day immediately preceding the next annual meeting of shareholders, the date of which will be specified in a future proxy statement of the Issuer. Vested LTIP Units, after achieving parity with Class A OP Units, are eligible to be converted into Class A OP Units on a one-for-one basis upon the satisfaction of conditions set forth in the Partnership's agreement of limited partnership.

F2 · derivative.exercise_date: Upon conversion of such vested parity LTIP Units into Class A OP Units, the Reporting Person will have the right to cause the Partnership to redeem all or a portion of the Reporting Person's Class A OP Units for cash in an amount equal to the market value of an equivalent number of the Issuer's common shares of beneficial interest ("Shares"), or at the Issuer's option, Shares on a one-for-one basis, subject to certain adjustments.

F3 · derivative.expiration_date: N/A

F2 · derivative.underlying: Upon conversion of such vested parity LTIP Units into Class A OP Units, the Reporting Person will have the right to cause the Partnership to redeem all or a portion of the Reporting Person's Class A OP Units for cash in an amount equal to the market value of an equivalent number of the Issuer's common shares of beneficial interest ("Shares"), or at the Issuer's option, Shares on a one-for-one basis, subject to certain adjustments.

F5 · balance_after: The Reporting Person's total direct beneficial ownership following the reported transaction above is 12,618 Class A OP Units, which includes those Class A OP Units previously reported and the Class A OP Units reported herein (together with those other LTIP Units convertible into, or exchangeable for, such Class A OP Units as specified herein and reported in prior Forms 4). Following the reported transaction, the Reporting Person has total direct beneficial ownership in 4,757 vested LTIP Units and 7,861 unvested LTIP Units. The 12,618 Class A OP Units do not include non-derivative securities of the Reporting Person that were previously reported.

SEC source: 0001474098-25-000079 · wk-form4_1746655836.xml · nonDerivative · entry 1

SCHALL MICHAEL J · CIK 0001198212 · Director

10b5-1 filing: No plan indicated

Ownership: Indirect · Deferred Compensation Plan

Disclosed balance after: 18,500

F1 · price: This is the weighted average price. These shares were purchased in multiple transactions at prices ranging from $9.03 to $9.04, inclusive. The reporting person undertakes to provide to Pebblebrook Hotel Trust, any security holder of Pebblebrook Hotel Trust or the staff of the United States Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote to this Form 4.

F2 · balance_after: The reporting person disclaims beneficial ownership with respect to one-half of these shares.

SEC source: 0001628280-25-011643 · wk-form4_1741637121.xml · nonDerivative · entry 1

SCHALL MICHAEL J · CIK 0001198212 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 6,000

F1 · security: Represents common shares of beneficial interest, $0.01 par value ("Common Shares"), purchased by the Reporting Person in the open market.

F1 · shares: Represents common shares of beneficial interest, $0.01 par value ("Common Shares"), purchased by the Reporting Person in the open market.

F2 · balance_after: The Reporting Person's total direct and indirect beneficial ownership following the reported transactions in this class of securities is 6,000 Common Shares, which includes those Common Shares previously reported. The 6,000 Common Shares do not include derivative securities of the Reporting Person that have been reported on the Reporting Person's Forms 4.

SEC source: 0001474098-25-000044 · wk-form4_1741212174.xml · nonDerivative · entry 1

SCHALL MICHAEL J · CIK 0001198212 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 99,693

F1 · balance_after: The reporting person disclaims beneficial ownership with respect to one-half of all but 11,906 of these shares.

SEC source: 0001474098-25-000017 · wk-form4_1735943721.xml · nonDerivative · entry 1

SCHALL MICHAEL J · CIK 0001198212 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 89,693

F1 · price: Payment of 100 percent of annual retainer fee for serving on the Board of Trustees of Pebblebrook Hotel Trust in 2024. Per-share value is the average of the closing prices for the Company's common shares on the New York Stock Exchange for the ten trading days preceding the date of payment.

F2 · balance_after: The reporting person disclaims beneficial ownership with respect to one-half of all but 1,906 of these shares.

SEC source: 0001628280-24-024361 · wk-form4_1716236690.xml · derivative · entry 1

SCHALL MICHAEL J · CIK 0001198212 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 6,116

Underlying: Common shares of beneficial interest, $0.01 par value · 4,757 shares

Expires not disclosed

F1 · security: The 4,757 Class A common units of limited partner interest ("Class A OP Units") in NSA OP, LP (the "Partnership") are issuable upon the conversion of 4,757 long-term incentive plan units ("LTIP Units") in the Partnership. The LTIP Units were granted to the Reporting Person under the Issuer's 2024 Equity Incentive Plan, and are scheduled to vest on the earlier of: (i) May 16, 2025 or (ii) the calendar day immediately preceding the next annual meeting of shareholders, the date of which will be specified in a future proxy statement of the Issuer. Vested LTIP Units, after achieving parity with Class A OP Units, are eligible to be converted into Class A OP Units on a one-for-one basis upon the satisfaction of conditions set forth in the Partnership's agreement of limited partnership.

F1 · derivative.exercise_price: The 4,757 Class A common units of limited partner interest ("Class A OP Units") in NSA OP, LP (the "Partnership") are issuable upon the conversion of 4,757 long-term incentive plan units ("LTIP Units") in the Partnership. The LTIP Units were granted to the Reporting Person under the Issuer's 2024 Equity Incentive Plan, and are scheduled to vest on the earlier of: (i) May 16, 2025 or (ii) the calendar day immediately preceding the next annual meeting of shareholders, the date of which will be specified in a future proxy statement of the Issuer. Vested LTIP Units, after achieving parity with Class A OP Units, are eligible to be converted into Class A OP Units on a one-for-one basis upon the satisfaction of conditions set forth in the Partnership's agreement of limited partnership.

F2 · derivative.exercise_price: Upon conversion of such vested parity LTIP Units into Class A OP Units, the Reporting Person will have the right to cause the Partnership to redeem a portion of the Reporting Person's Class A OP Units for cash in an amount equal to the market value of an equivalent number of the Issuer's common shares of beneficial interest ("Shares"), or at the Issuer's option, Shares on a one-for-one basis, subject to certain adjustments.

F1 · shares: The 4,757 Class A common units of limited partner interest ("Class A OP Units") in NSA OP, LP (the "Partnership") are issuable upon the conversion of 4,757 long-term incentive plan units ("LTIP Units") in the Partnership. The LTIP Units were granted to the Reporting Person under the Issuer's 2024 Equity Incentive Plan, and are scheduled to vest on the earlier of: (i) May 16, 2025 or (ii) the calendar day immediately preceding the next annual meeting of shareholders, the date of which will be specified in a future proxy statement of the Issuer. Vested LTIP Units, after achieving parity with Class A OP Units, are eligible to be converted into Class A OP Units on a one-for-one basis upon the satisfaction of conditions set forth in the Partnership's agreement of limited partnership.

F4 · price: The price of the derivative securities was determined using the closing price of the Issuer's Shares on May 16, 2024.

F1 · derivative.exercise_date: The 4,757 Class A common units of limited partner interest ("Class A OP Units") in NSA OP, LP (the "Partnership") are issuable upon the conversion of 4,757 long-term incentive plan units ("LTIP Units") in the Partnership. The LTIP Units were granted to the Reporting Person under the Issuer's 2024 Equity Incentive Plan, and are scheduled to vest on the earlier of: (i) May 16, 2025 or (ii) the calendar day immediately preceding the next annual meeting of shareholders, the date of which will be specified in a future proxy statement of the Issuer. Vested LTIP Units, after achieving parity with Class A OP Units, are eligible to be converted into Class A OP Units on a one-for-one basis upon the satisfaction of conditions set forth in the Partnership's agreement of limited partnership.

F2 · derivative.exercise_date: Upon conversion of such vested parity LTIP Units into Class A OP Units, the Reporting Person will have the right to cause the Partnership to redeem a portion of the Reporting Person's Class A OP Units for cash in an amount equal to the market value of an equivalent number of the Issuer's common shares of beneficial interest ("Shares"), or at the Issuer's option, Shares on a one-for-one basis, subject to certain adjustments.

F3 · derivative.expiration_date: N/A

F2 · derivative.underlying: Upon conversion of such vested parity LTIP Units into Class A OP Units, the Reporting Person will have the right to cause the Partnership to redeem a portion of the Reporting Person's Class A OP Units for cash in an amount equal to the market value of an equivalent number of the Issuer's common shares of beneficial interest ("Shares"), or at the Issuer's option, Shares on a one-for-one basis, subject to certain adjustments.

F5 · balance_after: The Reporting Person's total direct beneficial ownership following the reported transactions above is 6,116 Class A OP Units, which includes those Class A OP Units previously reported and the Class A OP Units reported herein (together with those other LTIP Units convertible into, or exchangeable for, such Class A OP Units as specified herein and reported in prior Forms 4). Following the reported transactions, the Reporting Person has total direct beneficial ownership in 6,116 unvested LTIP Units. The 6,116 Class A OP Units do not include non-derivative securities of the Reporting Person that were previously reported.

SEC source: 0001628280-24-023551 · wk-form4_1715803869.xml · derivative · entry 1

SCHALL MICHAEL J · CIK 0001198212 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,359

Underlying: Common shares of beneficial interest, $0.01 par value · 1,359 shares

Expires not disclosed

F1 · security: The 1,359 Class A common units of limited partner interest ("Class A OP Units") in NSA OP, LP (the "Partnership") are issuable upon the conversion of 1,359 long-term incentive plan units ("LTIP Units") in the Partnership. The LTIP Units were granted to the Reporting Person under the Issuer's 2024 Equity Incentive Plan, and are scheduled to vest on May 13, 2026, subject to the Reporting Person remaining a trustee at that time. Vested LTIP Units, after achieving parity with Class A OP Units, are eligible to be converted into Class A OP Units on a one-for-one basis upon the satisfaction of conditions set forth in the Partnership's agreement of limited partnership.

F1 · derivative.exercise_price: The 1,359 Class A common units of limited partner interest ("Class A OP Units") in NSA OP, LP (the "Partnership") are issuable upon the conversion of 1,359 long-term incentive plan units ("LTIP Units") in the Partnership. The LTIP Units were granted to the Reporting Person under the Issuer's 2024 Equity Incentive Plan, and are scheduled to vest on May 13, 2026, subject to the Reporting Person remaining a trustee at that time. Vested LTIP Units, after achieving parity with Class A OP Units, are eligible to be converted into Class A OP Units on a one-for-one basis upon the satisfaction of conditions set forth in the Partnership's agreement of limited partnership.

F2 · derivative.exercise_price: Upon conversion of such vested parity LTIP Units into Class A OP Units, the Reporting Person will have the right to cause the Partnership to redeem a portion of the Reporting Person's Class A OP Units for cash in an amount equal to the market value of an equivalent number of the Issuer's common shares of beneficial interest ("Shares"), or at the Issuer's option, Shares on a one-for-one basis, subject to certain adjustments.

F1 · shares: The 1,359 Class A common units of limited partner interest ("Class A OP Units") in NSA OP, LP (the "Partnership") are issuable upon the conversion of 1,359 long-term incentive plan units ("LTIP Units") in the Partnership. The LTIP Units were granted to the Reporting Person under the Issuer's 2024 Equity Incentive Plan, and are scheduled to vest on May 13, 2026, subject to the Reporting Person remaining a trustee at that time. Vested LTIP Units, after achieving parity with Class A OP Units, are eligible to be converted into Class A OP Units on a one-for-one basis upon the satisfaction of conditions set forth in the Partnership's agreement of limited partnership.

F4 · price: The price of the derivative securities was determined using the closing price of the Issuer's Shares on May 13, 2024.

F1 · derivative.exercise_date: The 1,359 Class A common units of limited partner interest ("Class A OP Units") in NSA OP, LP (the "Partnership") are issuable upon the conversion of 1,359 long-term incentive plan units ("LTIP Units") in the Partnership. The LTIP Units were granted to the Reporting Person under the Issuer's 2024 Equity Incentive Plan, and are scheduled to vest on May 13, 2026, subject to the Reporting Person remaining a trustee at that time. Vested LTIP Units, after achieving parity with Class A OP Units, are eligible to be converted into Class A OP Units on a one-for-one basis upon the satisfaction of conditions set forth in the Partnership's agreement of limited partnership.

F2 · derivative.exercise_date: Upon conversion of such vested parity LTIP Units into Class A OP Units, the Reporting Person will have the right to cause the Partnership to redeem a portion of the Reporting Person's Class A OP Units for cash in an amount equal to the market value of an equivalent number of the Issuer's common shares of beneficial interest ("Shares"), or at the Issuer's option, Shares on a one-for-one basis, subject to certain adjustments.

F3 · derivative.expiration_date: N/A

F2 · derivative.underlying: Upon conversion of such vested parity LTIP Units into Class A OP Units, the Reporting Person will have the right to cause the Partnership to redeem a portion of the Reporting Person's Class A OP Units for cash in an amount equal to the market value of an equivalent number of the Issuer's common shares of beneficial interest ("Shares"), or at the Issuer's option, Shares on a one-for-one basis, subject to certain adjustments.

F1 · balance_after: The 1,359 Class A common units of limited partner interest ("Class A OP Units") in NSA OP, LP (the "Partnership") are issuable upon the conversion of 1,359 long-term incentive plan units ("LTIP Units") in the Partnership. The LTIP Units were granted to the Reporting Person under the Issuer's 2024 Equity Incentive Plan, and are scheduled to vest on May 13, 2026, subject to the Reporting Person remaining a trustee at that time. Vested LTIP Units, after achieving parity with Class A OP Units, are eligible to be converted into Class A OP Units on a one-for-one basis upon the satisfaction of conditions set forth in the Partnership's agreement of limited partnership.

F5 · balance_after: The Reporting Person's total direct beneficial ownership following the reported transactions above is 1,359 Class A OP Units (together with those securities convertible into, or exchangeable for, such Class A OP Units as specified herein). Following the reported transactions, the Reporting Person has total direct beneficial ownership in 1,359 unvested LTIP Units.

SEC source: 0001474098-24-000017 · wk-form4_1704321373.xml · nonDerivative · entry 1

SCHALL MICHAEL J · CIK 0001198212 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 78,364

F1 · price: Payment of 100 percent of annual retainer fee for serving on the Board of Trustees of Pebblebrook Hotel Trust in 2023. Per-share value is the average of the closing prices for the Company's common shares on the New York Stock Exchange for the ten trading days preceding the date of payment.

F2 · balance_after: The reporting person disclaims beneficial ownership with respect to one-half of all but 1,906 of these shares.

SEC source: 0000920522-23-000050 · wk-form4_1702331635.xml · nonDerivative · entry 2

SCHALL MICHAEL J · CIK 0001198212 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 53,364

F2 · shares: Represents the number of shares of common stock withheld by the Company to satisfy tax withholding requirements in connection with the release of restricted stock units that were granted on December 2, 2020.

SEC source: 0000920522-23-000050 · wk-form4_1702331635.xml · nonDerivative · entry 1

SCHALL MICHAEL J · CIK 0001198212 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 57,718

F1 · shares: As determined on December 7, 2023, this amount represents all the restricted stock units originally granted on December 2, 2020 that are now earned following the achievement of performance criteria based on the Issuer's relative total return to shareholders measured against industry-specific index through December 1, 2023.

SEC source: 0000920522-23-000057 · wk-form4a_1703203832.xml · nonDerivative · entry 1

SCHALL MICHAEL J · CIK 0001198212 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 51,476

F1 · shares: The Reporting Person's Form 4 filed on December 11, 2023 incorrectly reported the number of shares of common stock withheld by the Company to satisfy tax withholding requirements in connection with the release of restricted stock units that were granted on December 2, 2020. This amended Form 4 shows the accurate number of shares of common stock withheld and reflects the number of shares of common stock beneficially owned by the Reporting Person following the reported transaction, as corrected.

F1 · balance_after: The Reporting Person's Form 4 filed on December 11, 2023 incorrectly reported the number of shares of common stock withheld by the Company to satisfy tax withholding requirements in connection with the release of restricted stock units that were granted on December 2, 2020. This amended Form 4 shows the accurate number of shares of common stock withheld and reflects the number of shares of common stock beneficially owned by the Reporting Person following the reported transaction, as corrected.

SEC source: 0001474098-23-000018 · wf-form4_167286911556090.xml · nonDerivative · entry 1

SCHALL MICHAEL J · CIK 0001198212 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 68,482

F1 · price: Payment of 100 percent of annual retainer fee for serving on the Board of Trustees of Pebblebrook Hotel Trust in 2022. Per-share value is the average of the closing prices for the Company's common shares on the New York Stock Exchange for the ten trading days preceding the date of payment.

F2 · balance_after: The reporting person disclaims beneficial ownership with respect to one-half of all but 500 of these shares.

SEC source: 0000920522-22-000075 · wf-form4_167097301034127.xml · derivative · entry 1

SCHALL MICHAEL J · CIK 0001198212 · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 13,002

Underlying: Common Stock · 13,002 shares

Expires 2031-12-08

F1 · security: 1/3 of these stock options vest on each anniversary starting on December 9, 2023 and ending on December 9, 2025. Stock options are subject to a $100 cap upon exercise.

SEC source: 0000920522-22-000025 · wf-form4_164868047252270.xml · derivative · entry 4

SCHALL MICHAEL J · CIK 0001198212 · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 12,132 shares

Expires 2030-12-01

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: The transactions report in this Form 4 were made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.

SEC source: 0000920522-22-000025 · wf-form4_164868047252270.xml · nonDerivative · entry 2

SCHALL MICHAEL J · CIK 0001198212 · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 48,258

F1 · kind: The transactions report in this Form 4 were made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.

F3 · price: Represents the weighted average sale price for the number of shares sold. The actual sales prices range between $348.98 and $349.31. Detailed information on the exact number of shares sold at each sale price can be obtained from the issuer upon request

SEC source: 0000920522-22-000025 · wf-form4_164868047252270.xml · nonDerivative · entry 1

SCHALL MICHAEL J · CIK 0001198212 · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 60,390

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: The transactions report in this Form 4 were made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.

F2 · price: Under the terms of the stock options, the maximum value that the reporting person could receive is $100 per share. Accordingly, the value in excess of such amount, $0.49 per share, was remitted to the issuer by the reporting person in addition to the exercise price of $248.70.

SEC source: 0000920522-22-000014 · wf-form4_164307339880751.xml · nonDerivative · entry 2

SCHALL MICHAEL J · CIK 0001198212 · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 48,258

F2 · shares: Represents the number of shares of common stock withheld by the Company to satisfy tax withholding requirements in connection with the release of restricted stock units that were granted on December 6, 2018.

SEC source: 0000920522-22-000014 · wf-form4_164307339880751.xml · nonDerivative · entry 1

SCHALL MICHAEL J · CIK 0001198212 · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 49,832

F1 · shares: As determined in January 20, 2022, this amount represents all the remaining restricted stock units originally granted on December 6, 2018 that are now earned following the achievement of certain performance criteria based on the Issuer's relative total return to shareholders measured against industry-specific index through December 6, 2021.

SEC source: 0001474098-22-000017 · wf-form4_164133932257943.xml · nonDerivative · entry 1

SCHALL MICHAEL J · CIK 0001198212 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 57,073

F1 · price: Payment of 100 percent of annual retainer fee for serving on the Board of Trustees of Pebblebrook Hotel Trust in 2021. Per-share value is the average of the closing prices for the Company's common shares on the New York Stock Exchange for the ten trading days preceding the date of payment.

SEC source: 0000920522-21-000079 · wf-form4_163848999823273.xml · derivative · entry 1

SCHALL MICHAEL J · CIK 0001198212 · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 28,995

Underlying: Common Stock · 28,995 shares

Expires 2031-11-29

F1 · security: 1/3 of these options vest on each anniversary starting on November 30, 2022, and ending on November 30, 2024. Stock options are subject to a $100 cap upon exercise.

SEC source: 0000920522-21-000073 · wf-form4_163554876459727.xml · derivative · entry 10

SCHALL MICHAEL J · CIK 0001198212 · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 31,362 shares

Expires 2027-12-07

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0000920522-21-000073 · wf-form4_163554876459727.xml · nonDerivative · entry 8

SCHALL MICHAEL J · CIK 0001198212 · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 42,616

F8 · price: Represents the weighted average sale price for the number of shares sold. The actual sales prices range between $346.88 and $347.10. Detailed information on the exact number of shares sold at each sale price can be obtained from the issuer upon request.

SEC source: 0000920522-21-000073 · wf-form4_163554876459727.xml · nonDerivative · entry 7

SCHALL MICHAEL J · CIK 0001198212 · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 43,016

F7 · price: Represents the weighted average sale price for the number of shares sold. The actual sales prices range between $345.69 and $346.56. Detailed information on the exact number of shares sold at each sale price can be obtained from the issuer upon request.

SEC source: 0000920522-21-000073 · wf-form4_163554876459727.xml · nonDerivative · entry 6

SCHALL MICHAEL J · CIK 0001198212 · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 44,577

F6 · price: Represents the weighted average sale price for the number of shares sold. The actual sales prices range between $344.68 and $345.65. Detailed information on the exact number of shares sold at each sale price can be obtained from the issuer upon request.

SEC source: 0000920522-21-000073 · wf-form4_163554876459727.xml · nonDerivative · entry 5

SCHALL MICHAEL J · CIK 0001198212 · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 47,304

F5 · price: Represents the weighted average sale price for the number of shares sold. The actual sales prices range between $343.67 and $344.67. Detailed information on the exact number of shares sold at each sale price can be obtained from the issuer upon request.

SEC source: 0000920522-21-000073 · wf-form4_163554876459727.xml · nonDerivative · entry 4

SCHALL MICHAEL J · CIK 0001198212 · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 59,540

F4 · price: Represents the weighted average sale price for the number of shares sold. The actual sales prices range between $342.66 and $343.63. Detailed information on the exact number of shares sold at each sale price can be obtained from the issuer upon request.

SEC source: 0000920522-21-000073 · wf-form4_163554876459727.xml · nonDerivative · entry 3

SCHALL MICHAEL J · CIK 0001198212 · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 66,456

F3 · price: Represents the weighted average sale price for the number of shares sold. The actual sales prices range between $341.65 and $342.65. Detailed information on the exact number of shares sold at each sale price can be obtained from the issuer upon request.

SEC source: 0000920522-21-000073 · wf-form4_163554876459727.xml · nonDerivative · entry 2

SCHALL MICHAEL J · CIK 0001198212 · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 72,474

F2 · price: Represents the weighted average sale price for the number of shares sold. The actual sales prices range between $340.61 and $341.60. Detailed information on the exact number of shares sold at each sale price can be obtained from the issuer upon request

SEC source: 0000920522-21-000073 · wf-form4_163554876459727.xml · nonDerivative · entry 1

SCHALL MICHAEL J · CIK 0001198212 · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 73,978

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Under the terms of the stock options, the maximum value that the reporting person could receive is $100 per share. Accordingly, the value in excess of such amount, $3.11 per share, was remitted to the issuer by the reporting person in addition to the exercise price of $240.61.

SEC source: 0000920522-21-000053 · wf-form4_162811815784062.xml · nonDerivative · entry 1

SCHALL MICHAEL J · CIK 0001198212 · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 42,616

SEC source: 0000920522-21-000013 · wf-form4_161075838643552.xml · nonDerivative · entry 2

SCHALL MICHAEL J · CIK 0001198212 · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 44,116

F2 · shares: Represents the number of shares of common stock withheld by the Company to satisfy tax withholding requirements in connection with the release of restricted stock units that were granted on December 7,2017.

SEC source: 0000920522-21-000013 · wf-form4_161075838643552.xml · nonDerivative · entry 1

SCHALL MICHAEL J · CIK 0001198212 · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 48,233

F1 · shares: As determined on January 13, 2021, this amount of 6,124 represents all the remaining restricted stock units originally granted on December 7, 2017 that are now earned following the achievement of certain performance criteria based on the Issuer's relative total return to shareholders measured against an industry-specific index through December 7, 2020.

SEC source: 0001474098-21-000019 · wf-form4_160988465170607.xml · nonDerivative · entry 1

SCHALL MICHAEL J · CIK 0001198212 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 49,267

F1 · price: Payment of 100 percent of annual retainer fee for serving on the Board of Trustees of Pebblebrook Hotel Trust in 2020. Per-share value is the average of the closing prices for the Company's common shares on the New York Stock Exchange for the ten trading days preceding the date of payment.

F2 · balance_after: The reporting person disclaims beneficial ownership with respect to one-half of all but 500 of these shares.

SEC source: 0000920522-21-000013 · wf-form4_161075838643552.xml · derivative · entry 7

SCHALL MICHAEL J · CIK 0001198212 · President and CEO

10b5-1 filing: Not disclosed

Ownership: Indirect · By family partnership

Disclosed balance after: 23,363

Underlying: Common Stock · 23,363 shares

Expires not disclosed

F5 · security: Represents LTIP Units in EPLP.

F6 · derivative.exercise_price: Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes and subject to meeting certain vesting criteria, each LTIP Unit may be converted, at the election of the holder, into an EPLP operating partnership unit. Each EPLP operating partnership unit acquired upon conversion of an LTIP Unit may be converted into one share of the issuer's common stock. LTIP Units are generally not convertible without the consent of the issuer until two years from the date of the grant. The rights to convert LTIP Units into EPLP operating partnership units and to convert EPLP operating partnership units into shares of the issuer's common stock do not have expiration dates.

F4 · kind: The reporting person transferred these Operating Partnership Units and LTIP Units, as applicable, to a family partnership.

F6 · derivative.exercise_date: Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes and subject to meeting certain vesting criteria, each LTIP Unit may be converted, at the election of the holder, into an EPLP operating partnership unit. Each EPLP operating partnership unit acquired upon conversion of an LTIP Unit may be converted into one share of the issuer's common stock. LTIP Units are generally not convertible without the consent of the issuer until two years from the date of the grant. The rights to convert LTIP Units into EPLP operating partnership units and to convert EPLP operating partnership units into shares of the issuer's common stock do not have expiration dates.

F7 · derivative.exercise_date: Represents fully-vested LTIP Units granted on December 10, 2013 and December 9, 2014 and additional LTIP units earned on December 9, 2015.

F6 · derivative.expiration_date: Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes and subject to meeting certain vesting criteria, each LTIP Unit may be converted, at the election of the holder, into an EPLP operating partnership unit. Each EPLP operating partnership unit acquired upon conversion of an LTIP Unit may be converted into one share of the issuer's common stock. LTIP Units are generally not convertible without the consent of the issuer until two years from the date of the grant. The rights to convert LTIP Units into EPLP operating partnership units and to convert EPLP operating partnership units into shares of the issuer's common stock do not have expiration dates.

SEC source: 0000920522-21-000013 · wf-form4_161075838643552.xml · derivative · entry 6

SCHALL MICHAEL J · CIK 0001198212 · President and CEO

10b5-1 filing: Not disclosed

Ownership: Indirect · By family partnership

Disclosed balance after: 97,579

Underlying: Common Stock · 97,579 shares

Expires not disclosed

F3 · derivative.exercise_price: Essex Portfolio, L.P. ("EPLP") operating partnership units are exchangeable by the reporting person at any time for an equal number of shares of the issuer's common stock. EPLP operating partnership units have no expiration date.

F4 · kind: The reporting person transferred these Operating Partnership Units and LTIP Units, as applicable, to a family partnership.

F3 · derivative.exercise_date: Essex Portfolio, L.P. ("EPLP") operating partnership units are exchangeable by the reporting person at any time for an equal number of shares of the issuer's common stock. EPLP operating partnership units have no expiration date.

F3 · derivative.expiration_date: Essex Portfolio, L.P. ("EPLP") operating partnership units are exchangeable by the reporting person at any time for an equal number of shares of the issuer's common stock. EPLP operating partnership units have no expiration date.

SEC source: 0000920522-21-000013 · wf-form4_161075838643552.xml · derivative · entry 5

SCHALL MICHAEL J · CIK 0001198212 · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 0 shares

Expires not disclosed

F5 · security: Represents LTIP Units in EPLP.

F6 · derivative.exercise_price: Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes and subject to meeting certain vesting criteria, each LTIP Unit may be converted, at the election of the holder, into an EPLP operating partnership unit. Each EPLP operating partnership unit acquired upon conversion of an LTIP Unit may be converted into one share of the issuer's common stock. LTIP Units are generally not convertible without the consent of the issuer until two years from the date of the grant. The rights to convert LTIP Units into EPLP operating partnership units and to convert EPLP operating partnership units into shares of the issuer's common stock do not have expiration dates.

F4 · kind: The reporting person transferred these Operating Partnership Units and LTIP Units, as applicable, to a family partnership.

F6 · derivative.exercise_date: Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes and subject to meeting certain vesting criteria, each LTIP Unit may be converted, at the election of the holder, into an EPLP operating partnership unit. Each EPLP operating partnership unit acquired upon conversion of an LTIP Unit may be converted into one share of the issuer's common stock. LTIP Units are generally not convertible without the consent of the issuer until two years from the date of the grant. The rights to convert LTIP Units into EPLP operating partnership units and to convert EPLP operating partnership units into shares of the issuer's common stock do not have expiration dates.

F7 · derivative.exercise_date: Represents fully-vested LTIP Units granted on December 10, 2013 and December 9, 2014 and additional LTIP units earned on December 9, 2015.

F6 · derivative.expiration_date: Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes and subject to meeting certain vesting criteria, each LTIP Unit may be converted, at the election of the holder, into an EPLP operating partnership unit. Each EPLP operating partnership unit acquired upon conversion of an LTIP Unit may be converted into one share of the issuer's common stock. LTIP Units are generally not convertible without the consent of the issuer until two years from the date of the grant. The rights to convert LTIP Units into EPLP operating partnership units and to convert EPLP operating partnership units into shares of the issuer's common stock do not have expiration dates.

SEC source: 0000920522-21-000013 · wf-form4_161075838643552.xml · derivative · entry 4

SCHALL MICHAEL J · CIK 0001198212 · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 0 shares

Expires not disclosed

F3 · derivative.exercise_price: Essex Portfolio, L.P. ("EPLP") operating partnership units are exchangeable by the reporting person at any time for an equal number of shares of the issuer's common stock. EPLP operating partnership units have no expiration date.

F4 · kind: The reporting person transferred these Operating Partnership Units and LTIP Units, as applicable, to a family partnership.

F3 · derivative.exercise_date: Essex Portfolio, L.P. ("EPLP") operating partnership units are exchangeable by the reporting person at any time for an equal number of shares of the issuer's common stock. EPLP operating partnership units have no expiration date.

F3 · derivative.expiration_date: Essex Portfolio, L.P. ("EPLP") operating partnership units are exchangeable by the reporting person at any time for an equal number of shares of the issuer's common stock. EPLP operating partnership units have no expiration date.

SEC source: 0000920522-20-000064 · wf-form4_160712820454280.xml · derivative · entry 1

SCHALL MICHAEL J · CIK 0001198212 · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 34,269

Underlying: Common Stock · 34,269 shares

Expires 2030-12-01

F1 · security: 1/3 of these options vest on each anniversary starting on December 2, 2021 and ending on December 2, 2023. Stock options are subject to a $100 cap upon exercise.

SEC source: 0000920522-21-000005 · wf-form4a_160997926755373.xml · derivative · entry 1

SCHALL MICHAEL J · CIK 0001198212 · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 36,391

Underlying: Common Stock · 36,391 shares

Expires 2030-12-01

F1 · security: 1/3 of these options vest on each anniversary starting on December 2, 2021 and ending on December 2, 2023. Stock options are subject to a $100 cap upon exercise.

F2 · shares: The Reporting Person's Form 4 filed on December 4, 2020 incorrectly reported the number of stock options granted, and this amended Form 4 is being filed to report the correct number.

SEC source: 0000920522-20-000034 · wf-form4_158404484798988.xml · derivative · entry 2

SCHALL MICHAEL J · CIK 0001198212 · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 97,579

Underlying: Common Stock · 5,000 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: These Series Z-1 incentive units converted into Essex Portfolio, L.P. ("EPLP") operating partnership units upon the Series Z-1 units, which were granted in December 2011, reaching a 100% conversion ratchet percentage. EPLP operating partnership units are exchangeable by the reporting person at any time following the conversion for an equal number of shares of the issuer's common stock. EPLP operating partnership units have no expiration date.

F1 · kind: These Series Z-1 incentive units converted into Essex Portfolio, L.P. ("EPLP") operating partnership units upon the Series Z-1 units, which were granted in December 2011, reaching a 100% conversion ratchet percentage. EPLP operating partnership units are exchangeable by the reporting person at any time following the conversion for an equal number of shares of the issuer's common stock. EPLP operating partnership units have no expiration date.

F1 · price: These Series Z-1 incentive units converted into Essex Portfolio, L.P. ("EPLP") operating partnership units upon the Series Z-1 units, which were granted in December 2011, reaching a 100% conversion ratchet percentage. EPLP operating partnership units are exchangeable by the reporting person at any time following the conversion for an equal number of shares of the issuer's common stock. EPLP operating partnership units have no expiration date.

F1 · derivative.exercise_date: These Series Z-1 incentive units converted into Essex Portfolio, L.P. ("EPLP") operating partnership units upon the Series Z-1 units, which were granted in December 2011, reaching a 100% conversion ratchet percentage. EPLP operating partnership units are exchangeable by the reporting person at any time following the conversion for an equal number of shares of the issuer's common stock. EPLP operating partnership units have no expiration date.

F1 · derivative.expiration_date: These Series Z-1 incentive units converted into Essex Portfolio, L.P. ("EPLP") operating partnership units upon the Series Z-1 units, which were granted in December 2011, reaching a 100% conversion ratchet percentage. EPLP operating partnership units are exchangeable by the reporting person at any time following the conversion for an equal number of shares of the issuer's common stock. EPLP operating partnership units have no expiration date.

SEC source: 0000920522-20-000034 · wf-form4_158404484798988.xml · derivative · entry 1

SCHALL MICHAEL J · CIK 0001198212 · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Operating Partnership Units · 5,000 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: These Series Z-1 incentive units converted into Essex Portfolio, L.P. ("EPLP") operating partnership units upon the Series Z-1 units, which were granted in December 2011, reaching a 100% conversion ratchet percentage. EPLP operating partnership units are exchangeable by the reporting person at any time following the conversion for an equal number of shares of the issuer's common stock. EPLP operating partnership units have no expiration date.

F1 · kind: These Series Z-1 incentive units converted into Essex Portfolio, L.P. ("EPLP") operating partnership units upon the Series Z-1 units, which were granted in December 2011, reaching a 100% conversion ratchet percentage. EPLP operating partnership units are exchangeable by the reporting person at any time following the conversion for an equal number of shares of the issuer's common stock. EPLP operating partnership units have no expiration date.

F2 · price: The Series Z-1 incentive units were purchased by the reporting person for $1 per each incentive unit and had no expiration date.

F1 · derivative.exercise_date: These Series Z-1 incentive units converted into Essex Portfolio, L.P. ("EPLP") operating partnership units upon the Series Z-1 units, which were granted in December 2011, reaching a 100% conversion ratchet percentage. EPLP operating partnership units are exchangeable by the reporting person at any time following the conversion for an equal number of shares of the issuer's common stock. EPLP operating partnership units have no expiration date.

F2 · derivative.expiration_date: The Series Z-1 incentive units were purchased by the reporting person for $1 per each incentive unit and had no expiration date.

SEC source: 0000920522-20-000022 · wf-form4_158163188209995.xml · derivative · entry 4

SCHALL MICHAEL J · CIK 0001198212 · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,368

Underlying: Common Stock · 13,068 shares

Expires 2026-12-08

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: The transactions reported in this Form 4 were made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.

F3 · derivative.exercise_date: 1/3 of these total options granted to this Reporting Person vested on each of December 8, 2017, December 8, 2018, and December 8, 2019.