Company: NSA-PB
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001628280-25-015431
Chunk: 64

Company: National Storage Affiliates Trust
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 64
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 Nordhagen received 64,887 OP units with a value of approximately $2.6 million, based on the closing price of our Common Shares as of the closing date, as a result of a noncontrolling investment in one of the former PROs' affiliates.

See "–Former Facilities Portfolio, Sales Commission and Asset Management Agreements", "–Tenant Insurance-Related Arrangements", "–Transactions with Mr. Nordhagen", and "–Office Lease" below for certain additional transactions with Messrs. Nordhagen, Allan, and Van Mourick.

#### Transactions with Mr. Nordhagen
During the year ended December 31, 2024, the Company utilized a plane that was owned by an entity owned and controlled by Mr. Nordhagen on a non-exclusive basis. In consideration for the utilization of such plane on a non-exclusive basis, during the year ended December 31, 2024, the Company paid $70,200 to the entity owned and controlled by Mr. Nordhagen.

See "–Internalization of our PRO Structure" and "–Office Lease" for additional transactions with Mr. Nordhagen.

#### Office Lease
During the year ended December 31, 2024, the Company leased office space from an entity controlled by Mr. Nordhagen and in which Messrs. Nordhagen and Cramer shared an ownership interest. The aggregate amount of

| NATIONAL STORAGE AFFILIATES 2025 PROXY STATEMENT |     | 58 |

rent paid by the Company under the office lease for the year ended December 31, 2024 was $97,380, of which Mr. Nordhagen's interest was approximately $55,380 and Mr. Cramer's interest was approximately $25,329.

#### Registration Rights Agreements
Concurrent with the IPO, we entered into a registration rights agreement with certain holders of our Common Shares (including Common Shares issuable upon redemption of OP units). In connection with the internalization of SecurCare and the acquisition of DLAN in March 2020, we granted registration rights to the shareholders of SecurCare and DLAN.

Former Facilities Portfolio, Sales Commission and Asset Management Agreements

Prior to the internalization of the PRO structure, each self storage property that was contributed to our operating partnership or one of its subsidiaries by a former PRO continued to be managed by the former PRO that contributed the property, including those in which Mr. Van Mourick and Mr. Allan had an interest. The former PRO