Edward J. Shoen - Nov 16, 2023 Form 4 Insider Report for U-Haul Holding Co /NV/ (UHAL)

Role: President, Director, More than 10% owner
Signature: /s/ Stuart M. Shoen, Attorney-in-Fact
Stock symbol: UHAL
Transactions as of: Nov 16, 2023
Transactions value $: $0
Form type: 4
Date filed: 11/17/2023, 07:38 PM
Previous filing: Mar 27, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	Price $	Shares After	Date	Ownership	Footnotes
transaction	UHAL	Series N Common Stock	-Other		-132,500	-0.19%		67,933,456	Nov 16, 2023	Willow Grove Holdings LP	F1, F2, F3
holding	UHAL	Series N Common Stock						225,954	Nov 16, 2023	EJS-028 Trust	F4
holding	UHAL	Series N Common Stock						7,921,143	Nov 16, 2023	Blackwater Investments, Inc.	F3
holding	UHAL	Series N Common Stock						321	Nov 16, 2023	ESOP Trust Fund	F5
holding	UHAL	Series N Common Stock						288	Nov 16, 2023	Direct
holding	UHAL	Common Stock						24,900	Nov 16, 2023	SAC Holding Corporation	F3
holding	UHAL	Common Stock						1,324,000	Nov 16, 2023	Clarendon Strategies, LLC	F3
holding	UHAL	Common Stock						7,562,884	Nov 16, 2023	Willow Grove Holdings LP	F3
holding	UHAL	Common Stock						25,106	Nov 16, 2023	EJS-028 Trust	F4
holding	UHAL	Common Stock						880,127	Nov 16, 2023	Blackwater Investments, Inc.	F3
holding	UHAL	Common Stock						15	Nov 16, 2023	ESOP Trust Fund	F5
holding	UHAL	Common Stock						32	Nov 16, 2023	Direct

Explanation of Responses:

Id	Content
F1	Represents a pro rata, in-kind distribution, and not a purchase or sale of securities, by Willow Grove Holdings LP ("Willow Grove") to the MVS-029 Trust, one of its limited partners, without additional consideration.
F2	This number has been updated to reflect a clerical error in the Form 4 filed on March 27, 2023, which incorrectly reported the number of shares of Series N Common Stock beneficially owned by Willow Grove as 68,056,956. The correct number of shares was 68,065,956.
F3	Willow Grove is owned and controlled by Foster Road LLC and various trusts associated with the Reporting Person and Mark V. Shoen. Foster Road LLC is the general partner of Willow Grove and is managed by Mark V. Shoen and Stuart Shoen. Blackwater Investments, Inc. ("Blackwater") is a wholly-owned subsidiary of Willow Grove. Clarendon Strategies, LLC ("Clarendon") and SAC Holding Corporation ("SAC") are wholly-owned subsidiaries of Blackwater. The Reporting Person disclaims beneficial ownership of shares held directly and indirectly by Willow Grove, Clarendon, Blackwater and SAC except to the extent of his pecuniary interest therein.
F4	Includes shares held by the EJS-028 Trust for which the Reporting Person is one of the beneficiaries. The Reporting Person disclaims beneficial ownership of shares held by the EJS-028 Trust except to the extent of his pecuniary interest therein.
F5	Includes shares held by the ESOP Trust Fund for which the Reporting Person is the beneficiary. The Reporting Person disclaims beneficial ownership of shares held by the ESOP Trust Fund except to the extent of his pecuniary interest therein.