Willow Grove Holdings LP - Nov 16, 2022 Form 4 Insider Report for AMERCO /NV/ (UHAL)

Role: 10%+ Owner
Signature: Willow Grove Holdings LP, /s/ Stuart M. Shoen, Attorney-in-Fact
Stock symbol: UHAL
Transactions as of: Nov 16, 2022
Transactions value $: $32,446,642
Form type: 4
Date filed: 11/18/2022, 06:02 PM
Previous filing: Dec 20, 2021
Next filing: Nov 30, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	UHAL	Common Stock	Purchase	$2.48M	+47.1K		$52.75	47.1K	Nov 16, 2022	Clarendon Strategies, LLC	F1, F2
transaction	UHAL	Common Stock	Purchase	$9.32M	+174K	+370.27%	$53.43	221K	Nov 16, 2022	Clarendon Strategies, LLC	F1, F2
transaction	UHAL	Common Stock	Purchase	$5.53M	+101K	+45.83%	$54.49	323K	Nov 16, 2022	Clarendon Strategies, LLC	F1, F2
transaction	UHAL	Common Stock	Purchase	$59.4K	+1.08K	+0.33%	$55.04	324K	Nov 16, 2022	Clarendon Strategies, LLC	F1, F2
transaction	UHAL	Common Stock	Purchase	$3.32M	+63.1K	+19.46%	$52.71	387K	Nov 17, 2022	Clarendon Strategies, LLC	F2, F3
transaction	UHAL	Common Stock	Purchase	$4.14M	+77.5K	+20.03%	$53.36	465K	Nov 17, 2022	Clarendon Strategies, LLC	F2, F3
transaction	UHAL	Common Stock	Purchase	$4.7M	+86K	+18.51%	$54.62	551K	Nov 17, 2022	Clarendon Strategies, LLC	F2, F3
transaction	UHAL	Common Stock	Purchase	$2.67M	+48.4K	+8.79%	$55.11	599K	Nov 17, 2022	Clarendon Strategies, LLC	F2, F3
transaction	UHAL	Common Stock	Purchase	$198K	+3.55K	+0.59%	$55.79	603K	Nov 18, 2022	Clarendon Strategies, LLC	F2, F4
transaction	UHAL	Common Stock	Purchase	$33.6K	+600	+0.1%	$56.00	603K	Nov 18, 2022	Clarendon Strategies, LLC	F2
holding	UHAL	Common Stock						880K	Nov 16, 2022	Blackwater Investments, Inc.	F2
holding	UHAL	Common Stock						7.56M	Nov 16, 2022	Direct
holding	UHAL	Series N Common Stock						7.92M	Nov 16, 2022	Blackwater Investments, Inc.	F2, F5
holding	UHAL	Series N Common Stock						68.1M	Nov 16, 2022	Direct	F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from (a) with respect to the weighted average price of $52.748: $52.455 to $52.995, inclusive; (b) with respect to the weighted average price of $53.434: $53.00 to $53.99, inclusive; (c) with respect to the weighted average price of $54.493: $54.00 to $54.99, inclusive; and (d) with respect to the weighted average price of $55.035: $55.00 to $55.15, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1).
F2	Willow Grove Holdings, LP ("Willow Grove") is owned and controlled by Foster Road LLC and various trusts associated with Edward J. Shoen and Mark V. Shoen. Foster Road LLC is the general partner of Willow Grove, is managed by Mark V. Shoen and Stuart Shoen, and may be deemed to share voting and dispositive power with respect to the shares held by Willow Grove. Clarendon Strategies, LLC and Blackwater Investments, Inc. are wholly-owned subsidiaries of Willow Grove.
F3	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from (a) with respect to the weighted average price of $52.710: $52.15 to $52.99, inclusive; (b) with respect to the weighted average price of $53.360: $53.00 to $53.995, inclusive; (c) with respect to the weighted average price of $54.616: $54.00 to $54.995, inclusive; and (d) with respect to the weighted average price of $55.105: $55.00 to $55.43, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (3).
F4	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $55.19 to $55.99. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (4).
F5	On November 9, 2022, the Issuer issued newly created shares of Series N Non-Voting Common Stock through a stock dividend on a 9-for-1 basis to all existing holders of the Issuer's Common Stock.