Warren Allan - Oct 1, 2024 Form 4 Insider Report for National Storage Affiliates Trust (NSA)

Role: Director
Signature: Warren W. Allan, by Zoya F. Afridi, his Attorney-in-fact
Stock symbol: NSA
Transactions as of: Oct 1, 2024
Transactions value $: $0
Form type: 4
Date filed: 10/1/2024, 04:08 PM
Previous filing: Aug 19, 2024

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	NSA	Class A OP Units	Other	$0	+729K	+100.82%	$0.00	1.45M	Oct 1, 2024	Common shares of beneficial interest, $0.01 par value	729K		See Note	F1, F2, F3, F4, F5

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

Explanation of Responses:

Id	Content
F1	Represents Class A common units of limited partner interest ("Class A OP Units") in NSA OP, LP (the "Partnership") received in connection with a pro rata distribution from Optivest NSA Holdings, 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	Pursuant to the agreement of limited partnership (the "Partnership Agreement") of the Partnership, 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 the common shares of beneficial interest ("Shares") of the Issuer or at the Issuer's option, Shares on a one-for-one basis, subject to certain adjustments.
F3	N/A
F4	The Reporting Person's total direct and indirect beneficial ownership following the reported transaction above is 1,451,538 Class A OP Units, which includes those Class A OP Units previously reported and the Class A OP Units reported herein (together with those securities convertible into, or exchangeable for, such Class A OP Units as specified therein).
F5	Held by Allan Revocable Living Trust TTEE Warren Allan U/A/D 9/29/1990 for which the Reporting Person has or shares voting and/or investment power. This filing shall not be deemed to be an admission that the Reporting Person is the beneficial owner of any of the securities reported herein, and the Reporting Person disclaims beneficial ownership of such securities except to the extent of the Reporting Person's pecuniary interest therein.