May 16, 2026 · Form 4 insider transaction
Allan Warren sold 5,048 shares of National Storage Affiliates Trust, a transaction worth N/A. The trade was recorded as conversion of a derivative and disclosed on an SEC Form 4, filed 3 days after the transaction.
Long-term incentive plan units ("LTIP Units") in the Partnership, after achieving parity with Class A common units of limited partner interest in the Partnership ("Class A OP Units"), are eligible to be converted into Class A OP Units on a one-for-one basis upon the satisfaction of conditions set forth in the Partnership's agreement of limited partnership.; Upon conversion of such vested parity LTIP Units into Class A OP Units, 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 Shares, or at the Issuer's option, Shares on a one-for-one basis, subject to certain adjustments.; Consists of 5,048 LTIP Units held by the Reporting Person which were converted into 5,048 Class A OP Units as described in footnote 5 above. The Reporting Person previously reported the 5,048 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, rows 1 and 2 of Table II of this Form 4 are being filed on a voluntary basis solely to provide notice of the conversion of the Reporting Person's 5,048 LTIP Units into 5,048 Class A OP Units.; N/A; The Reporting Person's total direct beneficial ownership following the reported transactions above is 1,297,536 Class A OP Units (which includes those Class A OP Units previously reported and the Class A OP Units reported herein) and 1,170 LTIP Units. The 1,297,536 Class A OP Units do not include non-derivative securities of the Reporting Person that were previously reported.; 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.