X0306 4 2022-08-16 0 0001393311 Public Storage PSA 0001227389 REYES JOHN C/O PUBLIC STORAGE 701 WESTERN AVENUE GLENDALE CA 91201 1 0 0 0 Common Stock 2022-08-16 4 M 0 51637 147.19 A 227086 D Common Stock 2022-08-16 4 S 0 12845 351.91 D 214241 D Common Stock 2022-08-16 4 S 0 21079 352.76 D 193162 D Common Stock 2022-08-16 4 S 0 6248 353.72 D 186914 D Common Stock 2022-08-16 4 S 0 7553 354.72 D 179361 D Common Stock 2022-08-16 4 S 0 3912 355.35 D 175449 D Stock Option (Right to Buy) 147.19 2022-08-16 4 M 0 51637 0 D 2014-02-21 2023-02-21 Common Stock 51637 0 D Includes 1,679 deferred stock units. Represents weighted average price. These shares were sold at prices ranging between $351.28 and $352.27. Full information regarding the number of shares sold at each separate price will be provided by the reporting person upon request to the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer. Represents weighted average price. These shares were sold at prices ranging between $352.29 and $353.27. Full information regarding the number of shares sold at each separate price will be provided by the reporting person upon request to the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer. Represents weighted average price. These shares were sold at prices ranging between $353.30 and $354.29. Full information regarding the number of shares sold at each separate price will be provided by the reporting person upon request to the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer. Represents weighted average price. These shares were sold at prices ranging between $354.32 and $355.29. Full information regarding the number of shares sold at each separate price will be provided by the reporting person upon request to the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer. Represents weighted average price. These shares were sold at prices ranging between $355.32 and $355.49. Full information regarding the number of shares sold at each separate price will be provided by the reporting person upon request to the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer. Stock option granted pursuant to the Public Storage 2007 Equity and Performance-Based Incentive Compensation Plan. Option vests in five (5) equal annual installments beginning one (1) year from the date of grant. This option was previously reported as an option for 100,000 common shares (of which 50,000 were previously exercised) at an exercise price of $152.01, but, pursuant to anti-dilution provisions of the Public Storage 2007 Equity and Performance-Based Incentive Compensation Plan, was adjusted to reflect the special dividend declared by Public Storage on July 22, 2022. /s/ Nathaniel A. Vitan, Attorney-in-Fact 2022-08-17