David Cramer - 21 May 2026 Form 4 Insider Report for National Storage Affiliates Trust (NSA)

Role: President and CEO, Director
Signature: David Cramer, by Zoya Afridi, his Attorney-in-fact
Issuer symbol: NSA
Transactions as of: 21 May 2026
Net transaction value: $0
Form type: 4
Filing time: 21 May 2026, 16:08:30 UTC
Previous filing: 03 Mar 2026
SEC filing: View on sec.gov

Key filing fact

David Cramer filed Form 4 for National Storage Affiliates Trust (NSA) on 21 May 2026.

Key facts

This page summarizes David Cramer's Form 4 filing for National Storage Affiliates Trust (NSA).
2 reported transactions and 2 derivative rows are listed below.
Filing timestamp: 21 May 2026, 16:08.

Change

Previous filing in this sequence was filed on 03 Mar 2026.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

See Original Filing

Reporting Owners (1)

CIK 0001807780 Primary reporting owner

Cramer David

Relationship: President and CEO, Director
Address: C/O NATIONAL STORAGE AFFILIATES TRUST, 8400 EAST PRENTICE AVENUE, 9TH FLOOR, GREENWOOD VILLAGE
Signature: David Cramer, by Zoya Afridi, his Attorney-in-fact
Signature date: 21 May 2026

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

NSA transaction Derivative

LTIP Units

Conversion of derivative security

Transaction value
Shares: -30,555
Change %: -11%
Price
Shares after: 258,001
Date: 21 May 2026
Ownership: Direct
Underlying class: Class A OP Units
Underlying amount: 30,555
Exercise price
Footnotes: F1, F2, F3, F4, F5, F6, F7

NSA transaction Derivative

Class A OP Units

Conversion of derivative security

Transaction value
Shares: +30,555
Change %: +5.5%
Price
Shares after: 587,104
Date: 21 May 2026
Ownership: Direct
Underlying class: Common shares of beneficial interest, $0.01 par value
Underlying amount: 30,555
Exercise price
Footnotes: F1, F2, F3, F4, F5, F6, F7

^* indicates a reported price that failed the local validity check.

Explanation of Responses:

Id	Content
F1	Pursuant to the agreement of limited partnership (the "Partnership Agreement") of NSA OP, LP (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 common units of limited partner interest ("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 National Storage Affiliates Trust (the "Issuer"), or at the Issuer's option, Shares on a one-for-one basis, subject to certain adjustments.
F2	Pursuant to the Partnership Agreement, upon the achievement of certain conditions, a holder of long-term incentive plan units ("LTIP Units") of the Partnership is entitled to convert such LTIP Units into Class A OP Units of the Partnership on a one-for-one basis.
F3	Consists of 30,555 LTIP Units held by the Reporting Person which were converted into 30,555 Class A OP Units.
F4	N/A
F5	The Reporting Person's total direct and indirect beneficial ownership of Class A OP Units following the reported transactions above is 587,104 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).
F6	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.
F7	Following the reported transactions, the Reporting Person has total direct beneficial ownership in 0 vested LTIP Units and 258,001 unvested LTIP Units. The Reporting Person previously reported the 30,555 LTIP Units that were converted into Class A OP Units as described in this Form 4 as Class A OP Units on an as-converted basis. Accordingly, this Form 4 is being filed on a voluntary basis solely to provide notice of the conversion of the Reporting Person's 30,555 LTIP Units into 30,555 Class A OP Units.