Form 4 Filing for Michael J. Schall

This filing details transactions made by Michael J. Schall, a director at National Storage Affiliates Trust (NSA). On July 22, 2026, Mr. Schall disposed of 11,291 common shares and 12,618 Class A OP Units. These transactions are related to the merger agreement between NSA, Public Storage, and other parties. The common shares were converted into the right to receive newly issued common shares of Public Storage, along with cash for fractional shares. Similarly, Class A OP Units were converted into Public Storage OP units or redeemed for units in a joint venture holding real estate assets. All post-transaction shares owned are reported as zero.