Nordhagen Arlen Dale's Form 4 filing
National Storage Affiliates Trust (NSA) · filed Jul 22, 2026
- Accession no.
- 0001104659-26-085911
- Filed
- Jul 22, 2026, 5:23 PM ET
- Trade date
- Jul 22, 2026
- Filing delay
- Same day
- Rule 10b5-1 plan
- Not checked
This filing lists 5 non-derivative transactions and 2 derivative transactions. It was filed on the trade date.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Nordhagen Arlen DaleCIK 0001639326 | Director, Officer (Vice Chairperson) |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Jul 22, 2026 | Common shares of beneficial interest, $0.01 par value | CConversionAcquired | +4,631 | –F1 | – | 3,817,257 | Direct | |
| Jul 22, 2026 | Common shares of beneficial interest, $0.01 par value | DReturned to the companyDisposed | −3,817,257 | –F1,F2 | – | 0 | Direct | |
| Jul 22, 2026 | Common shares of beneficial interest, $0.01 par value | DReturned to the companyDisposed | −145,504 | –F2 | – | 0 | Indirect | |
| Jul 22, 2026 | Series A Preferred Shares | DReturned to the companyDisposed | −24,066 | –F4 | – | 0 | Direct | |
| Jul 22, 2026 | Series A Preferred Shares | DReturned to the companyDisposed | −8,689 | –F4 | – | 0 | Indirect |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Jul 22, 2026 | Class A OP Units | CConversionDisposed | −28,424 | –F1,F7 | – | 0 | Direct | |
| Jul 22, 2026 | Common shares of beneficial interest, $0.01 par value | DReturned to the companyDisposed | −2,561,438 | –F7,F8,F10 | – | 0 | Direct |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
In connection with the transactions contemplated by the Agreement and Plan of Merger, dated as of March 16, 2026 (the "Merger Agreement"), between the Issuer, Public Storage and certain other parties, each outstanding time-based long term incentive plan unit ("LTIP Unit") of NSA OP, LP (the "Partnership") that was granted to the Reporting Person in 2026 (such LTIP Units, the "2026 time-based LTIP Units") was converted on a one-for-one basis into an equal number of restricted common shares of beneficial interest, $0.01 par value, of the Issuer ("Restricted Shares").
Referenced by the price of 2 transactions in Table I and 1 transaction in Table II.
- F2
Pursuant to the Merger Agreement, issued and outstanding common shares of beneficial interest, $0.01 par value of the Issuer, inclusive of Restricted Shares, were converted into the right to receive 0.1400 (the "Exchange Ratio") newly issued common shares of beneficial interest, par value $0.10 per share, of Public Storage and cash in lieu of any fractional shares. Certain Restricted Shares were surrendered to satisfy statutory minimum federal and state tax obligations associated with the vesting.
Referenced by the price of 2 transactions in Table I.
- F4
Pursuant to the Merger Agreement, each issued and outstanding 6.000% Series A cumulative redeemable preferred share of beneficial interest, par value $0.01 per share ("Series A Preferred Shares"), of the Issuer was converted into the right to receive one newly issued share of 6.000% Cumulative Preferred Shares of beneficial interest, Series T, par value $0.01 per share, of Public Storage.
Referenced by the price of 2 transactions in Table I.
- F7
At the effective time of the Partnership Merger, each vested LTIP Unit that was eligible for conversion was converted into one Class A unit of limited partnership interest in the Partnership ("Class A OP Unit") in accordance with the Merger Agreement.
Referenced by the price of 2 transactions in Table II.
- F8
Pursuant to the Merger Agreement, each Class A OP Unit issued and outstanding immediately prior to the effective time of the Partnership Merger was (i) automatically converted into the right to receive a number of newly issued common units in Public Storage OP, L.P., equal to the Exchange Ratio or (ii), at the election of holders of Class A OP Units, redeemed in exchange for one newly issued unit in NSA OP JV, LLC which holds 80% of the equity of the joint venture with Public Storage that holds certain identified real estate assets contributed by the Partnership.
Referenced by the price of 1 transaction in Table II.
- F10
Includes (i) certain LTIP Units previously reported on a fully converted basis, as Class A OP Units, which were subsequently converted into Restricted Shares (as described in Footnote 1 above) or deemed forfeited (as described in Footnote 6 above) and (ii) certain Class X common units of limited liability company interest and certain Class X common units of limited partnership interest, as applicable (collectively, "DownREIT Class X Units"), of Corona Universal Self Storage, Fontana Universal Self Storage, Universal Self Storage Hesperia LLC, Hesperia Universal Self Storage, Universal Self Storage Highland, Loma Linda Universal Self Storage, Universal Self Storage San Bernardino LLC, Upland Universal Self Storage, and SecurCare American Portfolio, LLC. DownREIT Class X Units may be redeemed on a one-for-one basis for Class A OP Units.
Referenced by the price of 1 transaction in Table II.