Arlen Dale Nordhagen - Aug 31, 2023 Form 4 Insider Report for National Storage Affiliates Trust (NSA)

Role: Vice Chairperson, Director
Signature: Arlen Dale Nordhagen, by Jason Parsont, his Attorney-in-fact
Stock symbol: NSA
Transactions as of: Aug 31, 2023
Transactions value $: $0
Form type: 4
Date filed: 9/5/2023, 04:10 PM
Previous filing: Jul 5, 2023
Next filing: Dec 7, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NSA	Common shares of beneficial interest, $0.01 par value	Other	$0	+18.4K	+0.46%	$0.00	4.02M	Aug 31, 2023	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Represents common shares of beneficial interest, $0.01 par value ("Common Shares") received in connection with a pro rata, liquidating distribution from SecurCare Bonus Pool LLC, of which the Reporting Person did not have or share voting or investment power. Such distribution is exempt from Section 16(a) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), pursuant to Rule 16a-9(a), and is exempt from Section 16(b) of the Exchange Act pursuant to Rule 16a-10.
F2	The Reporting Person's total direct and indirect beneficial ownership of Common Shares following the reported transactions above is 4,019,626 Common Shares, which includes those Common Shares previously reported. The 4,019,626 Common Shares referred to above do not include derivative securities of the Reporting Person that were previously reported on the Reporting Person's Form 3 and Forms 4.

Content

Represents common shares of beneficial interest, $0.01 par value ("Common Shares") received in connection with a pro rata, liquidating distribution from SecurCare Bonus Pool LLC, of which the Reporting Person did not have or share voting or investment power. Such distribution is exempt from Section 16(a) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), pursuant to Rule 16a-9(a), and is exempt from Section 16(b) of the Exchange Act pursuant to Rule 16a-10.

The Reporting Person's total direct and indirect beneficial ownership of Common Shares following the reported transactions above is 4,019,626 Common Shares, which includes those Common Shares previously reported. The 4,019,626 Common Shares referred to above do not include derivative securities of the Reporting Person that were previously reported on the Reporting Person's Form 3 and Forms 4.