FISCHER TAMARA D

SEC source: 0001314152-26-000193 · wk-form4_1790353020.xml · derivative · entry 2

FISCHER TAMARA D · CIK 0001210694 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 6,758.084

Underlying: Class I Common Stock · 31.419 shares

Expires not disclosed

F2 · derivative.exercise_price: Each DSU is economically equivalent to one share of Class I common stock.

F1 · shares: Shares acquired pursuant to the Jones Lang LaSalle Income Property Trust, Inc. Amended and Restated Distribution Reinvestment Plan on September 23, 2026.

F3 · derivative.exercise_date: The DSUs credited under the Amended and Restated Independent Directors Compensation Plan are generally payable in the form elected or provided under the Amended and Restated Independent Directors Compensation Plan on the earlier of: (i) a separation from service, (ii) a specified date, or (iii) a change in control.

F3 · derivative.expiration_date: The DSUs credited under the Amended and Restated Independent Directors Compensation Plan are generally payable in the form elected or provided under the Amended and Restated Independent Directors Compensation Plan on the earlier of: (i) a separation from service, (ii) a specified date, or (iii) a change in control.

SEC source: 0001314152-26-000193 · wk-form4_1790353020.xml · nonDerivative · entry 1

FISCHER TAMARA D · CIK 0001210694 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 25,535.363

F1 · shares: Shares acquired pursuant to the Jones Lang LaSalle Income Property Trust, Inc. Amended and Restated Distribution Reinvestment Plan on September 23, 2026.

SEC source: 0001314152-26-000171 · wk-form4_1787761661.xml · derivative · entry 2

FISCHER TAMARA D · CIK 0001210694 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 6,726.665

Underlying: Class I Common Stock · 31.218 shares

Expires not disclosed

F2 · derivative.exercise_price: Each DSU is economically equivalent to one share of Class I common stock.

F1 · shares: Shares acquired pursuant to the Jones Lang LaSalle Income Property Trust, Inc. Amended and Restated Distribution Reinvestment Plan on August 24, 2026.

F3 · derivative.exercise_date: The DSUs credited under the Amended and Restated Independent Directors Compensation Plan are generally payable in the form elected or provided under the Amended and Restated Independent Directors Compensation Plan on the earlier of: (i) a separation from service, (ii) a specified date, or (iii) a change in control.

F3 · derivative.expiration_date: The DSUs credited under the Amended and Restated Independent Directors Compensation Plan are generally payable in the form elected or provided under the Amended and Restated Independent Directors Compensation Plan on the earlier of: (i) a separation from service, (ii) a specified date, or (iii) a change in control.

SEC source: 0001314152-26-000171 · wk-form4_1787761661.xml · nonDerivative · entry 1

FISCHER TAMARA D · CIK 0001210694 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 25,416.436

F1 · shares: Shares acquired pursuant to the Jones Lang LaSalle Income Property Trust, Inc. Amended and Restated Distribution Reinvestment Plan on August 24, 2026.

SEC source: 0001314152-26-000143 · wk-form4_1785253306.xml · derivative · entry 2

FISCHER TAMARA D · CIK 0001210694 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 6,695.447

Underlying: Class I Common Stock · 31.073 shares

Expires not disclosed

F2 · derivative.exercise_price: Each DSU is economically equivalent to one share of Class I common stock.

F1 · shares: Shares acquired pursuant to the Jones Lang LaSalle Income Property Trust, Inc. Amended and Restated Distribution Reinvestment Plan on July 24, 2026.

F3 · derivative.exercise_date: The DSUs credited under the Amended and Restated Independent Directors Compensation Plan are generally payable in the form elected or provided under the Amended and Restated Independent Directors Compensation Plan on the earlier of: (i) a separation from service, (ii) a specified date, or (iii) a change in control.

F3 · derivative.expiration_date: The DSUs credited under the Amended and Restated Independent Directors Compensation Plan are generally payable in the form elected or provided under the Amended and Restated Independent Directors Compensation Plan on the earlier of: (i) a separation from service, (ii) a specified date, or (iii) a change in control.

SEC source: 0001314152-26-000143 · wk-form4_1785253306.xml · nonDerivative · entry 1

FISCHER TAMARA D · CIK 0001210694 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 25,298.272

F1 · shares: Shares acquired pursuant to the Jones Lang LaSalle Income Property Trust, Inc. Amended and Restated Distribution Reinvestment Plan on July 24, 2026.

SEC source: 0001104659-26-085906 · tm2620838-6_4seq1.xml · derivative · entry 5

FISCHER TAMARA D · CIK 0001210694 · Director · Executive Chairperson

10b5-1 filing: No plan indicated

Ownership: Indirect · See footnote

Disclosed balance after: 0

Underlying: Common shares of beneficial interest, $0.01 par value · 594,737 shares

Expires not disclosed

F6 · security: 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.

F7 · security: 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.

F7 · derivative.exercise_price: 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.

F6 · shares: 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.

F7 · shares: 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.

F9 · shares: Includes 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 5 above).

F6 · price: 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.

F7 · price: 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.

F9 · price: Includes 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 5 above).

F7 · derivative.exercise_date: 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.

F8 · derivative.expiration_date: N/A.

F6 · derivative.underlying_shares: 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.

F7 · derivative.underlying_shares: 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.

F6 · balance_after: 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.

F7 · balance_after: 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.

F9 · balance_after: Includes 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 5 above).

F3 · ownership.nature: Held by Tamara D. Fischer, trustee of the Tamara Diane Fischer Trust dated 01/20/2021 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.

SEC source: 0001104659-26-085906 · tm2620838-6_4seq1.xml · derivative · entry 4

FISCHER TAMARA D · CIK 0001210694 · Director · Executive Chairperson

10b5-1 filing: No plan indicated

Ownership: Indirect · See footnote

Disclosed balance after: 0

Underlying: Class A OP Units · 109,828 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · security: 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").

F5 · security: Except as otherwise described above in Footnote 1 above with respect to the 2026 time-based LTIP Units, pursuant to the terms of the Merger Agreement, each outstanding and unvested LTIP Unit (other than performance-based LTIP Units granted in 2026) vested in full immediately prior to the effective time of the merger of a subsidiary of Public Storage into the Partnership (the "Partnership Merger"), with any applicable performance-based vesting conditions deemed achieved at target performance levels. Performance-based LTIP Units granted in 2026 and any performance-based LTIP Units that would only vest at maximum performance levels were deemed forfeited.

F1 · derivative.exercise_price: 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").

F5 · derivative.exercise_price: Except as otherwise described above in Footnote 1 above with respect to the 2026 time-based LTIP Units, pursuant to the terms of the Merger Agreement, each outstanding and unvested LTIP Unit (other than performance-based LTIP Units granted in 2026) vested in full immediately prior to the effective time of the merger of a subsidiary of Public Storage into the Partnership (the "Partnership Merger"), with any applicable performance-based vesting conditions deemed achieved at target performance levels. Performance-based LTIP Units granted in 2026 and any performance-based LTIP Units that would only vest at maximum performance levels were deemed forfeited.

F6 · derivative.exercise_price: 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.

F7 · derivative.exercise_price: 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.

F1 · shares: 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").

F5 · shares: Except as otherwise described above in Footnote 1 above with respect to the 2026 time-based LTIP Units, pursuant to the terms of the Merger Agreement, each outstanding and unvested LTIP Unit (other than performance-based LTIP Units granted in 2026) vested in full immediately prior to the effective time of the merger of a subsidiary of Public Storage into the Partnership (the "Partnership Merger"), with any applicable performance-based vesting conditions deemed achieved at target performance levels. Performance-based LTIP Units granted in 2026 and any performance-based LTIP Units that would only vest at maximum performance levels were deemed forfeited.

F1 · price: 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").

F5 · price: Except as otherwise described above in Footnote 1 above with respect to the 2026 time-based LTIP Units, pursuant to the terms of the Merger Agreement, each outstanding and unvested LTIP Unit (other than performance-based LTIP Units granted in 2026) vested in full immediately prior to the effective time of the merger of a subsidiary of Public Storage into the Partnership (the "Partnership Merger"), with any applicable performance-based vesting conditions deemed achieved at target performance levels. Performance-based LTIP Units granted in 2026 and any performance-based LTIP Units that would only vest at maximum performance levels were deemed forfeited.

F1 · derivative.exercise_date: 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").

F5 · derivative.exercise_date: Except as otherwise described above in Footnote 1 above with respect to the 2026 time-based LTIP Units, pursuant to the terms of the Merger Agreement, each outstanding and unvested LTIP Unit (other than performance-based LTIP Units granted in 2026) vested in full immediately prior to the effective time of the merger of a subsidiary of Public Storage into the Partnership (the "Partnership Merger"), with any applicable performance-based vesting conditions deemed achieved at target performance levels. Performance-based LTIP Units granted in 2026 and any performance-based LTIP Units that would only vest at maximum performance levels were deemed forfeited.

F6 · derivative.exercise_date: 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.

F7 · derivative.exercise_date: 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.

F8 · derivative.expiration_date: N/A.

F6 · derivative.underlying: 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.

F1 · derivative.underlying_shares: 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").

F5 · derivative.underlying_shares: Except as otherwise described above in Footnote 1 above with respect to the 2026 time-based LTIP Units, pursuant to the terms of the Merger Agreement, each outstanding and unvested LTIP Unit (other than performance-based LTIP Units granted in 2026) vested in full immediately prior to the effective time of the merger of a subsidiary of Public Storage into the Partnership (the "Partnership Merger"), with any applicable performance-based vesting conditions deemed achieved at target performance levels. Performance-based LTIP Units granted in 2026 and any performance-based LTIP Units that would only vest at maximum performance levels were deemed forfeited.

F1 · balance_after: 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").

F5 · balance_after: Except as otherwise described above in Footnote 1 above with respect to the 2026 time-based LTIP Units, pursuant to the terms of the Merger Agreement, each outstanding and unvested LTIP Unit (other than performance-based LTIP Units granted in 2026) vested in full immediately prior to the effective time of the merger of a subsidiary of Public Storage into the Partnership (the "Partnership Merger"), with any applicable performance-based vesting conditions deemed achieved at target performance levels. Performance-based LTIP Units granted in 2026 and any performance-based LTIP Units that would only vest at maximum performance levels were deemed forfeited.

F6 · balance_after: 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.

F3 · ownership.nature: Held by Tamara D. Fischer, trustee of the Tamara Diane Fischer Trust dated 01/20/2021 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.

SEC source: 0001104659-26-085906 · tm2620838-6_4seq1.xml · nonDerivative · entry 3

FISCHER TAMARA D · CIK 0001210694 · Director · Executive Chairperson

10b5-1 filing: No plan indicated

Ownership: Indirect · See footnote

Disclosed balance after: 0

F4 · shares: 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, 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.

F4 · price: 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, 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.

F4 · balance_after: 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, 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.

F3 · ownership.nature: Held by Tamara D. Fischer, trustee of the Tamara Diane Fischer Trust dated 01/20/2021 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.

SEC source: 0001104659-26-085906 · tm2620838-6_4seq1.xml · nonDerivative · entry 2

FISCHER TAMARA D · CIK 0001210694 · Director · Executive Chairperson

10b5-1 filing: No plan indicated

Ownership: Indirect · See footnote

Disclosed balance after: 0

F1 · security: 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").

F1 · shares: 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").

F1 · price: 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").

F2 · price: Pursuant to the Merger Agreement, 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.

F2 · balance_after: Pursuant to the Merger Agreement, 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.

F3 · ownership.nature: Held by Tamara D. Fischer, trustee of the Tamara Diane Fischer Trust dated 01/20/2021 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.

SEC source: 0001104659-26-085906 · tm2620838-6_4seq1.xml · nonDerivative · entry 1

FISCHER TAMARA D · CIK 0001210694 · Director · Executive Chairperson

10b5-1 filing: No plan indicated

Ownership: Indirect · See footnote

Disclosed balance after: 34,670

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · security: 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").

F1 · shares: 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").

F1 · price: 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").

F1 · balance_after: 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").

F2 · balance_after: Pursuant to the Merger Agreement, 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.

F3 · ownership.nature: Held by Tamara D. Fischer, trustee of the Tamara Diane Fischer Trust dated 01/20/2021 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.

SEC source: 0001314152-26-000124 · wk-form4_1782413462.xml · derivative · entry 2

FISCHER TAMARA D · CIK 0001210694 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 6,664.374

Underlying: Class I Common Stock · 30.929 shares

Expires not disclosed

F2 · derivative.exercise_price: Each DSU is economically equivalent to one share of Class I common stock.

F1 · shares: Shares acquired pursuant to the Jones Lang LaSalle Income Property Trust, Inc. Amended and Restated Distribution Reinvestment Plan on June 23, 2026.

F3 · derivative.exercise_date: The DSUs credited under the Amended and Restated Independent Directors Compensation Plan are generally payable in the form elected or provided under the Amended and Restated Independent Directors Compensation Plan on the earlier of: (i) a separation from service, (ii) a specified date, or (iii) a change in control.

F3 · derivative.expiration_date: The DSUs credited under the Amended and Restated Independent Directors Compensation Plan are generally payable in the form elected or provided under the Amended and Restated Independent Directors Compensation Plan on the earlier of: (i) a separation from service, (ii) a specified date, or (iii) a change in control.

SEC source: 0001314152-26-000124 · wk-form4_1782413462.xml · nonDerivative · entry 1

FISCHER TAMARA D · CIK 0001210694 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 25,180.553

F1 · shares: Shares acquired pursuant to the Jones Lang LaSalle Income Property Trust, Inc. Amended and Restated Distribution Reinvestment Plan on June 23, 2026.

SEC source: 0000912595-26-000087 · form4.xml · nonDerivative · entry 2

FISCHER TAMARA D · CIK 0001210694 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,100

SEC source: 0000912595-26-000087 · form4.xml · nonDerivative · entry 1

FISCHER TAMARA D · CIK 0001210694 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 500

SEC source: 0001628280-26-037263 · wk-form4_1779394145.xml · derivative · entry 2

FISCHER TAMARA D · CIK 0001210694 · Director · Executive Chairperson

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 594,737

Underlying: Common shares of beneficial interest, $0.01 par value · 14,576 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · security: 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.

F1 · derivative.exercise_price: 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 · shares: 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 · shares: Consists of 14,576 LTIP Units held by the Reporting Person which were converted into 14,576 Class A OP Units.

F3 · price: Consists of 14,576 LTIP Units held by the Reporting Person which were converted into 14,576 Class A OP Units.

F1 · derivative.exercise_date: 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.

F4 · derivative.expiration_date: N/A

F1 · derivative.underlying: 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.

F5 · balance_after: The Reporting Person's total direct and indirect beneficial ownership of Class A OP Units following the reported transactions above is 594,737 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 · balance_after: 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 · balance_after: Following the reported transactions, the Reporting Person has total direct beneficial ownership in 0 vested LTIP Units and 109,828 unvested LTIP Units. The Reporting Person previously reported the 14,576 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 14,576 LTIP Units into 14,576 Class A OP Units.

SEC source: 0001628280-26-037263 · wk-form4_1779394145.xml · derivative · entry 1

FISCHER TAMARA D · CIK 0001210694 · Director · Executive Chairperson

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 109,828

Underlying: Class A OP Units · 14,576 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · security: 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 · security: 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.

F1 · derivative.exercise_price: 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 · derivative.exercise_price: 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.

F2 · shares: 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 · shares: Consists of 14,576 LTIP Units held by the Reporting Person which were converted into 14,576 Class A OP Units.

F3 · price: Consists of 14,576 LTIP Units held by the Reporting Person which were converted into 14,576 Class A OP Units.

F1 · derivative.exercise_date: 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.

F3 · derivative.exercise_date: Consists of 14,576 LTIP Units held by the Reporting Person which were converted into 14,576 Class A OP Units.

F4 · derivative.expiration_date: N/A

F1 · derivative.underlying: 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.

F3 · derivative.underlying: Consists of 14,576 LTIP Units held by the Reporting Person which were converted into 14,576 Class A OP Units.

F5 · balance_after: The Reporting Person's total direct and indirect beneficial ownership of Class A OP Units following the reported transactions above is 594,737 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 · balance_after: 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 · balance_after: Following the reported transactions, the Reporting Person has total direct beneficial ownership in 0 vested LTIP Units and 109,828 unvested LTIP Units. The Reporting Person previously reported the 14,576 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 14,576 LTIP Units into 14,576 Class A OP Units.

SEC source: 0001314152-26-000097 · wk-form4_1779827535.xml · derivative · entry 2

FISCHER TAMARA D · CIK 0001210694 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 6,633.445

Underlying: Class I Common Stock · 30.812 shares

Expires not disclosed

F2 · derivative.exercise_price: Each DSU is economically equivalent to one share of Class I common stock.

F1 · shares: Shares acquired pursuant to the Jones Lang LaSalle Income Property Trust, Inc. Amended and Restated Distribution Reinvestment Plan on May 21, 2026.

F3 · derivative.exercise_date: The DSUs credited under the Amended and Restated Independent Directors Compensation Plan are generally payable in the form elected or provided under the Amended and Restated Independent Directors Compensation Plan on the earlier of: (i) a separation from service, (ii) a specified date, or (iii) a change in control.

F3 · derivative.expiration_date: The DSUs credited under the Amended and Restated Independent Directors Compensation Plan are generally payable in the form elected or provided under the Amended and Restated Independent Directors Compensation Plan on the earlier of: (i) a separation from service, (ii) a specified date, or (iii) a change in control.

SEC source: 0001314152-26-000097 · wk-form4_1779827535.xml · nonDerivative · entry 1

FISCHER TAMARA D · CIK 0001210694 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 25,063.486

F1 · shares: Shares acquired pursuant to the Jones Lang LaSalle Income Property Trust, Inc. Amended and Restated Distribution Reinvestment Plan on May 21, 2026.

SEC source: 0000912595-26-000071 · form4.xml · derivative · entry 2

FISCHER TAMARA D · CIK 0001210694 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 5,174.276

Underlying: Common Stock · 1,401 shares

Expires not disclosed

F1 · derivative.exercise_price: Each share of phantom stock is the economic equivalent of one share of common stock. The shares of phantom stock are payable in two equal annual installments beginning within the 90 days following the calendar year in which the reporting person ceases to serve as a director, in cash or common stock, at the election of the reporting person.

F1 · derivative.exercise_date: Each share of phantom stock is the economic equivalent of one share of common stock. The shares of phantom stock are payable in two equal annual installments beginning within the 90 days following the calendar year in which the reporting person ceases to serve as a director, in cash or common stock, at the election of the reporting person.

F1 · derivative.expiration_date: Each share of phantom stock is the economic equivalent of one share of common stock. The shares of phantom stock are payable in two equal annual installments beginning within the 90 days following the calendar year in which the reporting person ceases to serve as a director, in cash or common stock, at the election of the reporting person.

SEC source: 0001314152-26-000074 · wk-form4_1777408926.xml · derivative · entry 2

FISCHER TAMARA D · CIK 0001210694 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 6,602.633

Underlying: Class I Common Stock · 30.697 shares

Expires not disclosed

F2 · derivative.exercise_price: Each DSU is economically equivalent to one share of Class I common stock.

F1 · shares: Shares acquired pursuant to the Jones Lang LaSalle Income Property Trust, Inc. Amended and Restated Distribution Reinvestment Plan on April 23, 2026.

F3 · derivative.exercise_date: The DSUs credited under the Amended and Restated Independent Directors Compensation Plan are generally payable in the form elected or provided under the Amended and Restated Independent Directors Compensation Plan on the earlier of: (i) a separation from service, (ii) a specified date, or (iii) a change in control.

F3 · derivative.expiration_date: The DSUs credited under the Amended and Restated Independent Directors Compensation Plan are generally payable in the form elected or provided under the Amended and Restated Independent Directors Compensation Plan on the earlier of: (i) a separation from service, (ii) a specified date, or (iii) a change in control.

SEC source: 0001314152-26-000074 · wk-form4_1777408926.xml · nonDerivative · entry 1

FISCHER TAMARA D · CIK 0001210694 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 24,946.963

F1 · shares: Shares acquired pursuant to the Jones Lang LaSalle Income Property Trust, Inc. Amended and Restated Distribution Reinvestment Plan on April 23, 2026.

SEC source: 0001314152-26-000060 · wk-form4_1775165068.xml · derivative · entry 2

FISCHER TAMARA D · CIK 0001210694 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 6,571.936

Underlying: Class I Common Stock · 6,571.936 shares

Expires not disclosed

F2 · derivative.exercise_price: Deferred Stock Units ("DSU") credited to the reporting person under the Jones Lang LaSalle Income Property Trust, Inc. Amended and Restated Independent Directors Compensation Plan, for 6,571.936 Deferred Stock Units granted under the Issuer's Amended and Restated Independent Directors Compensation Plan. Each DSU is economically equivalent to one share of Class I common stock.

F3 · derivative.exercise_date: The DSUs credited under the Amended and Restated Independent Directors Compensation Plan are generally payable in the form elected or provided under the Amended and Restated Independent Directors Compensation Plan on the earlier of: (i) a separation from service, (ii) a specified date, or (iii) a change in control.

F3 · derivative.expiration_date: The DSUs credited under the Amended and Restated Independent Directors Compensation Plan are generally payable in the form elected or provided under the Amended and Restated Independent Directors Compensation Plan on the earlier of: (i) a separation from service, (ii) a specified date, or (iii) a change in control.

SEC source: 0001314152-26-000060 · wk-form4_1775165068.xml · nonDerivative · entry 1

FISCHER TAMARA D · CIK 0001210694 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 24,830.879

F1 · shares: Shares acquired pursuant to the Jones Lang LaSalle Income Property Trust, Inc. Amended and Restated Distribution Reinvestment Plan on March 31, 2026.

SEC source: 0001628280-26-013804 · wk-form4_1772572196.xml · derivative · entry 3

FISCHER TAMARA D · CIK 0001210694 · Director · Executive Chairperson

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 594,737

Underlying: Common shares of beneficial interest, $0.01 par value · 21,827 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · security: 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.

F1 · derivative.exercise_price: 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.

F8 · shares: Consists of 21,827 LTIP Units held by the Reporting Person which were converted into 21,827 Class A OP Units as described in footnote 7 above.

F8 · price: Consists of 21,827 LTIP Units held by the Reporting Person which were converted into 21,827 Class A OP Units as described in footnote 7 above.

F1 · derivative.exercise_date: 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.

F4 · derivative.expiration_date: N/A

F1 · derivative.underlying: 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.

F5 · balance_after: The Reporting Person's total direct and indirect beneficial ownership of Class A OP Units following the reported transactions above (including the LTIP Units conversion described in footnote 8 below) is 594,737 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). Excludes 25,504 previously reported LTIP Units granted on February 27, 2023 pursuant to a 2023 LTIP Unit Agreement, which did not vest upon the expiration of the performance period on January 1, 2026. All of the Reporting Person's 594,737 Class A OP Units are held directly through Tamara D. Fischer, trustee of the Tamara Diane Fischer Trust dated 01/20/2021.

F9 · balance_after: Following the reported transactions, the Reporting Person has total direct beneficial ownership in 14,576 vested LTIP Units and 109,828 unvested LTIP Units. The Reporting Person previously reported the 21,827 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 2 and 3 of this Form 4 are being filed on a voluntary basis solely to provide notice of the conversion of the Reporting Person's 21,827 LTIP Units into 21,827 Class A OP Units.

SEC source: 0001628280-26-013804 · wk-form4_1772572196.xml · derivative · entry 2

FISCHER TAMARA D · CIK 0001210694 · Director · Executive Chairperson

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 124,404

Underlying: Class A OP Units · 21,827 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · security: 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 · security: The Class A OP Units in the first row of this table are comprised of 45,237 Class A OP Units issuable upon the conversion of 45,237 unvested long-term incentive plan units ("LTIP Units") in the Partnership which were granted to the Reporting Person pursuant to a 2026 LTIP Unit Award Agreement between the Issuer and the Reporting Person under the Issuer's 2024 Equity Incentive Plan. Of these, 16,670 vest in three annual installments on January 1, 2027, January 1, 2028, and January 1, 2029, subject to continued employment by the Reporting Person and 28,567 represent the maximum amount of LTIP Units that can vest on January 1, 2029 contingent upon the achievement of certain performance criteria.

F1 · derivative.exercise_price: 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.

F7 · derivative.exercise_price: Pursuant to the Partnership Agreement, upon the achievement of certain conditions, a holder of 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.

F8 · shares: Consists of 21,827 LTIP Units held by the Reporting Person which were converted into 21,827 Class A OP Units as described in footnote 7 above.

F8 · price: Consists of 21,827 LTIP Units held by the Reporting Person which were converted into 21,827 Class A OP Units as described in footnote 7 above.

F1 · derivative.exercise_date: 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.

F8 · derivative.exercise_date: Consists of 21,827 LTIP Units held by the Reporting Person which were converted into 21,827 Class A OP Units as described in footnote 7 above.

F4 · derivative.expiration_date: N/A

F1 · derivative.underlying: 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.

F7 · derivative.underlying: Pursuant to the Partnership Agreement, upon the achievement of certain conditions, a holder of 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.

F2 · balance_after: The Class A OP Units in the first row of this table are comprised of 45,237 Class A OP Units issuable upon the conversion of 45,237 unvested long-term incentive plan units ("LTIP Units") in the Partnership which were granted to the Reporting Person pursuant to a 2026 LTIP Unit Award Agreement between the Issuer and the Reporting Person under the Issuer's 2024 Equity Incentive Plan. Of these, 16,670 vest in three annual installments on January 1, 2027, January 1, 2028, and January 1, 2029, subject to continued employment by the Reporting Person and 28,567 represent the maximum amount of LTIP Units that can vest on January 1, 2029 contingent upon the achievement of certain performance criteria.

F5 · balance_after: The Reporting Person's total direct and indirect beneficial ownership of Class A OP Units following the reported transactions above (including the LTIP Units conversion described in footnote 8 below) is 594,737 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). Excludes 25,504 previously reported LTIP Units granted on February 27, 2023 pursuant to a 2023 LTIP Unit Agreement, which did not vest upon the expiration of the performance period on January 1, 2026. All of the Reporting Person's 594,737 Class A OP Units are held directly through Tamara D. Fischer, trustee of the Tamara Diane Fischer Trust dated 01/20/2021.

F9 · balance_after: Following the reported transactions, the Reporting Person has total direct beneficial ownership in 14,576 vested LTIP Units and 109,828 unvested LTIP Units. The Reporting Person previously reported the 21,827 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 2 and 3 of this Form 4 are being filed on a voluntary basis solely to provide notice of the conversion of the Reporting Person's 21,827 LTIP Units into 21,827 Class A OP Units.

SEC source: 0001628280-26-013804 · wk-form4_1772572196.xml · derivative · entry 1

FISCHER TAMARA D · CIK 0001210694 · Director · Executive Chairperson

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 594,737

Underlying: Common shares of beneficial interest, $0.01 par value · 45,237 shares

Expires not disclosed

F1 · security: 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.

F1 · derivative.exercise_price: 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 · derivative.exercise_price: The Class A OP Units in the first row of this table are comprised of 45,237 Class A OP Units issuable upon the conversion of 45,237 unvested long-term incentive plan units ("LTIP Units") in the Partnership which were granted to the Reporting Person pursuant to a 2026 LTIP Unit Award Agreement between the Issuer and the Reporting Person under the Issuer's 2024 Equity Incentive Plan. Of these, 16,670 vest in three annual installments on January 1, 2027, January 1, 2028, and January 1, 2029, subject to continued employment by the Reporting Person and 28,567 represent the maximum amount of LTIP Units that can vest on January 1, 2029 contingent upon the achievement of certain performance criteria.

F3 · derivative.exercise_price: The Reporting Person will not earn any of the 28,567 performance-based LTIP Units if the minimum performance criteria is not met. The 28,567 performance-based LTIP Units are being reported here for informational purposes only. Vested LTIP Units, after achieving parity with 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 Agreement.

F3 · shares: The Reporting Person will not earn any of the 28,567 performance-based LTIP Units if the minimum performance criteria is not met. The 28,567 performance-based LTIP Units are being reported here for informational purposes only. Vested LTIP Units, after achieving parity with 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 Agreement.

F1 · derivative.exercise_date: 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 · derivative.exercise_date: The Class A OP Units in the first row of this table are comprised of 45,237 Class A OP Units issuable upon the conversion of 45,237 unvested long-term incentive plan units ("LTIP Units") in the Partnership which were granted to the Reporting Person pursuant to a 2026 LTIP Unit Award Agreement between the Issuer and the Reporting Person under the Issuer's 2024 Equity Incentive Plan. Of these, 16,670 vest in three annual installments on January 1, 2027, January 1, 2028, and January 1, 2029, subject to continued employment by the Reporting Person and 28,567 represent the maximum amount of LTIP Units that can vest on January 1, 2029 contingent upon the achievement of certain performance criteria.

F3 · derivative.exercise_date: The Reporting Person will not earn any of the 28,567 performance-based LTIP Units if the minimum performance criteria is not met. The 28,567 performance-based LTIP Units are being reported here for informational purposes only. Vested LTIP Units, after achieving parity with 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 Agreement.

F4 · derivative.expiration_date: N/A

F1 · derivative.underlying: 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.

F1 · derivative.underlying_shares: 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 · derivative.underlying_shares: The Class A OP Units in the first row of this table are comprised of 45,237 Class A OP Units issuable upon the conversion of 45,237 unvested long-term incentive plan units ("LTIP Units") in the Partnership which were granted to the Reporting Person pursuant to a 2026 LTIP Unit Award Agreement between the Issuer and the Reporting Person under the Issuer's 2024 Equity Incentive Plan. Of these, 16,670 vest in three annual installments on January 1, 2027, January 1, 2028, and January 1, 2029, subject to continued employment by the Reporting Person and 28,567 represent the maximum amount of LTIP Units that can vest on January 1, 2029 contingent upon the achievement of certain performance criteria.

F3 · derivative.underlying_shares: The Reporting Person will not earn any of the 28,567 performance-based LTIP Units if the minimum performance criteria is not met. The 28,567 performance-based LTIP Units are being reported here for informational purposes only. Vested LTIP Units, after achieving parity with 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 Agreement.

F5 · balance_after: The Reporting Person's total direct and indirect beneficial ownership of Class A OP Units following the reported transactions above (including the LTIP Units conversion described in footnote 8 below) is 594,737 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). Excludes 25,504 previously reported LTIP Units granted on February 27, 2023 pursuant to a 2023 LTIP Unit Agreement, which did not vest upon the expiration of the performance period on January 1, 2026. All of the Reporting Person's 594,737 Class A OP Units are held directly through Tamara D. Fischer, trustee of the Tamara Diane Fischer Trust dated 01/20/2021.

F6 · balance_after: 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.

SEC source: 0001314152-25-000192 · wk-form4_1767112069.xml · nonDerivative · entry 1

FISCHER TAMARA D · CIK 0001210694 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 24,487.761

F1 · shares: Shares acquired pursuant to the Jones Lang LaSalle Income Property Trust, Inc. Amended and Restated Distribution Reinvestment Plan on December 29, 2025.

SEC source: 0001314152-25-000147 · wk-form4_1759158800.xml · nonDerivative · entry 1

FISCHER TAMARA D · CIK 0001210694 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 24,149.666

F1 · shares: Shares acquired pursuant to the Jones Lang LaSalle Income Property Trust, Inc. Amended and Restated Distribution Reinvestment Plan on September 26, 2025.

SEC source: 0001314152-25-000095 · wk-form4_1751036281.xml · nonDerivative · entry 1

FISCHER TAMARA D · CIK 0001210694 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 23,817.113

F1 · shares: Shares acquired pursuant to the JLL Income Property Trust, Inc Amended and Restated Distribution Reinvestment Plan on June 25, 2025.

SEC source: 0001127602-25-015182 · form4.xml · derivative · entry 2

FISCHER TAMARA D · CIK 0001210694 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 3,606.043

Underlying: Common Stock · 1,122 shares

Expires not disclosed

F1 · derivative.exercise_price: Each share of phantom stock is the economic equivalent of one share of common stock. The shares of phantom stock are payable in two equal annual installments beginning within the 90 days following the calendar year in which the reporting person ceases to serve as a director, in cash or common stock, at the election of the reporting person.

F1 · derivative.exercise_date: Each share of phantom stock is the economic equivalent of one share of common stock. The shares of phantom stock are payable in two equal annual installments beginning within the 90 days following the calendar year in which the reporting person ceases to serve as a director, in cash or common stock, at the election of the reporting person.

F1 · derivative.expiration_date: Each share of phantom stock is the economic equivalent of one share of common stock. The shares of phantom stock are payable in two equal annual installments beginning within the 90 days following the calendar year in which the reporting person ceases to serve as a director, in cash or common stock, at the election of the reporting person.

SEC source: 0001127602-25-010943 · form4.xml · nonDerivative · entry 1

FISCHER TAMARA D · CIK 0001210694 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 23,489.925

F1 · kind: On March 31, 2025, the Reporting Person was granted 6134.969 Class M-1 shares pursuant to the Directors' Compensation Plan.

SEC source: 0001127602-25-010646 · form4.xml · nonDerivative · entry 1

FISCHER TAMARA D · CIK 0001210694 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 17,354.956

F1 · shares: Shares acquired pursuant to the Jones Lang LaSalle Income Property Trust, Inc. Amended and Restated Distribution Reinvestment Plan on March 26, 2025.

SEC source: 0001628280-25-010116 · wk-form4_1741132795.xml · derivative · entry 3

FISCHER TAMARA D · CIK 0001210694 · Director · Executive Chairperson

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 575,004

Underlying: Common shares of beneficial interest, $0.01 par value · 6,645 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · security: 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.

F1 · derivative.exercise_price: 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.

F8 · shares: Consists of 6,645 LTIP Units held by the Reporting Person which were converted into 6,645 Class A OP Units as described in footnote 7 above.

F8 · price: Consists of 6,645 LTIP Units held by the Reporting Person which were converted into 6,645 Class A OP Units as described in footnote 7 above.

F1 · derivative.exercise_date: 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.

F4 · derivative.expiration_date: N/A

F1 · derivative.underlying: 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.

F5 · balance_after: The Reporting Person's total direct and indirect beneficial ownership of Class A OP Units following the reported transactions above (including the LTIP Units conversion described in footnote 8 below) is 575,004 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). Excludes 40,641 previously reported LTIP Units granted on March 15, 2022 pursuant to a 2022 LTIP Unit Agreement, which did not vest upon the expiration of the performance period on January 1, 2025. All of the Reporting Person's 575,004 Class A OP Units are held directly through Tamara D. Fischer, trustee of the Tamara Diane Fischer Trust dated 01/20/2021.

F9 · balance_after: Following the reported transactions, the Reporting Person has total direct beneficial ownership in 15,611 vested LTIP Units and 110,887 unvested LTIP Units. The Reporting Person previously reported the 6,645 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 2 and 3 of this Form 4 are being filed on a voluntary basis solely to provide notice of the conversion of the Reporting Person's 6,645 LTIP Units into 6,645 Class A OP Units.

SEC source: 0001628280-25-010116 · wk-form4_1741132795.xml · derivative · entry 2

FISCHER TAMARA D · CIK 0001210694 · Director · Executive Chairperson

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 126,498

Underlying: Class A OP Units · 6,645 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · security: 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 · security: The Class A OP Units in the first row of this table are comprised of 35,359 Class A OP Units issuable upon the conversion of 35,359 unvested long-term incentive plan units ("LTIP Units") in the Partnership which were granted to the Reporting Person pursuant to a 2025 LTIP Unit Award Agreement between the Issuer and the Reporting Person under the Issuer's 2024 Equity Incentive Plan. Of these, 9,924 vest in three annual installments on January 1, 2026, January 1, 2027, and January 1, 2028, subject to continued employment by the Reporting Person and 25,435 represent the maximum amount of LTIP Units that can vest on January 1, 2028 contingent upon the achievement of certain performance criteria.

F1 · derivative.exercise_price: 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.

F7 · derivative.exercise_price: Pursuant to the Partnership Agreement, upon the achievement of certain conditions, a holder of 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.

F8 · shares: Consists of 6,645 LTIP Units held by the Reporting Person which were converted into 6,645 Class A OP Units as described in footnote 7 above.

F8 · price: Consists of 6,645 LTIP Units held by the Reporting Person which were converted into 6,645 Class A OP Units as described in footnote 7 above.

F1 · derivative.exercise_date: 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.

F8 · derivative.exercise_date: Consists of 6,645 LTIP Units held by the Reporting Person which were converted into 6,645 Class A OP Units as described in footnote 7 above.

F4 · derivative.expiration_date: N/A

F1 · derivative.underlying: 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.

F7 · derivative.underlying: Pursuant to the Partnership Agreement, upon the achievement of certain conditions, a holder of 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.

F2 · balance_after: The Class A OP Units in the first row of this table are comprised of 35,359 Class A OP Units issuable upon the conversion of 35,359 unvested long-term incentive plan units ("LTIP Units") in the Partnership which were granted to the Reporting Person pursuant to a 2025 LTIP Unit Award Agreement between the Issuer and the Reporting Person under the Issuer's 2024 Equity Incentive Plan. Of these, 9,924 vest in three annual installments on January 1, 2026, January 1, 2027, and January 1, 2028, subject to continued employment by the Reporting Person and 25,435 represent the maximum amount of LTIP Units that can vest on January 1, 2028 contingent upon the achievement of certain performance criteria.

F5 · balance_after: The Reporting Person's total direct and indirect beneficial ownership of Class A OP Units following the reported transactions above (including the LTIP Units conversion described in footnote 8 below) is 575,004 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). Excludes 40,641 previously reported LTIP Units granted on March 15, 2022 pursuant to a 2022 LTIP Unit Agreement, which did not vest upon the expiration of the performance period on January 1, 2025. All of the Reporting Person's 575,004 Class A OP Units are held directly through Tamara D. Fischer, trustee of the Tamara Diane Fischer Trust dated 01/20/2021.

F9 · balance_after: Following the reported transactions, the Reporting Person has total direct beneficial ownership in 15,611 vested LTIP Units and 110,887 unvested LTIP Units. The Reporting Person previously reported the 6,645 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 2 and 3 of this Form 4 are being filed on a voluntary basis solely to provide notice of the conversion of the Reporting Person's 6,645 LTIP Units into 6,645 Class A OP Units.

SEC source: 0001628280-25-010116 · wk-form4_1741132795.xml · derivative · entry 1

FISCHER TAMARA D · CIK 0001210694 · Director · Executive Chairperson

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 575,004

Underlying: Common shares of beneficial interest, $0.01 par value · 35,359 shares

Expires not disclosed

F1 · security: 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.

F1 · derivative.exercise_price: 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 · derivative.exercise_price: The Class A OP Units in the first row of this table are comprised of 35,359 Class A OP Units issuable upon the conversion of 35,359 unvested long-term incentive plan units ("LTIP Units") in the Partnership which were granted to the Reporting Person pursuant to a 2025 LTIP Unit Award Agreement between the Issuer and the Reporting Person under the Issuer's 2024 Equity Incentive Plan. Of these, 9,924 vest in three annual installments on January 1, 2026, January 1, 2027, and January 1, 2028, subject to continued employment by the Reporting Person and 25,435 represent the maximum amount of LTIP Units that can vest on January 1, 2028 contingent upon the achievement of certain performance criteria.

F3 · derivative.exercise_price: The Reporting Person will not earn any of the 25,435 performance-based LTIP Units if the minimum performance criteria is not met. The 25,435 performance-based LTIP Units are being reported here for informational purposes only. Vested LTIP Units, after achieving parity with 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 Agreement.

F2 · shares: The Class A OP Units in the first row of this table are comprised of 35,359 Class A OP Units issuable upon the conversion of 35,359 unvested long-term incentive plan units ("LTIP Units") in the Partnership which were granted to the Reporting Person pursuant to a 2025 LTIP Unit Award Agreement between the Issuer and the Reporting Person under the Issuer's 2024 Equity Incentive Plan. Of these, 9,924 vest in three annual installments on January 1, 2026, January 1, 2027, and January 1, 2028, subject to continued employment by the Reporting Person and 25,435 represent the maximum amount of LTIP Units that can vest on January 1, 2028 contingent upon the achievement of certain performance criteria.

F1 · derivative.exercise_date: 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 · derivative.exercise_date: The Class A OP Units in the first row of this table are comprised of 35,359 Class A OP Units issuable upon the conversion of 35,359 unvested long-term incentive plan units ("LTIP Units") in the Partnership which were granted to the Reporting Person pursuant to a 2025 LTIP Unit Award Agreement between the Issuer and the Reporting Person under the Issuer's 2024 Equity Incentive Plan. Of these, 9,924 vest in three annual installments on January 1, 2026, January 1, 2027, and January 1, 2028, subject to continued employment by the Reporting Person and 25,435 represent the maximum amount of LTIP Units that can vest on January 1, 2028 contingent upon the achievement of certain performance criteria.

F3 · derivative.exercise_date: The Reporting Person will not earn any of the 25,435 performance-based LTIP Units if the minimum performance criteria is not met. The 25,435 performance-based LTIP Units are being reported here for informational purposes only. Vested LTIP Units, after achieving parity with 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 Agreement.

F4 · derivative.expiration_date: N/A

F1 · derivative.underlying: 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.

F1 · derivative.underlying_shares: 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 · derivative.underlying_shares: The Class A OP Units in the first row of this table are comprised of 35,359 Class A OP Units issuable upon the conversion of 35,359 unvested long-term incentive plan units ("LTIP Units") in the Partnership which were granted to the Reporting Person pursuant to a 2025 LTIP Unit Award Agreement between the Issuer and the Reporting Person under the Issuer's 2024 Equity Incentive Plan. Of these, 9,924 vest in three annual installments on January 1, 2026, January 1, 2027, and January 1, 2028, subject to continued employment by the Reporting Person and 25,435 represent the maximum amount of LTIP Units that can vest on January 1, 2028 contingent upon the achievement of certain performance criteria.

F3 · derivative.underlying_shares: The Reporting Person will not earn any of the 25,435 performance-based LTIP Units if the minimum performance criteria is not met. The 25,435 performance-based LTIP Units are being reported here for informational purposes only. Vested LTIP Units, after achieving parity with 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 Agreement.

F5 · balance_after: The Reporting Person's total direct and indirect beneficial ownership of Class A OP Units following the reported transactions above (including the LTIP Units conversion described in footnote 8 below) is 575,004 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). Excludes 40,641 previously reported LTIP Units granted on March 15, 2022 pursuant to a 2022 LTIP Unit Agreement, which did not vest upon the expiration of the performance period on January 1, 2025. All of the Reporting Person's 575,004 Class A OP Units are held directly through Tamara D. Fischer, trustee of the Tamara Diane Fischer Trust dated 01/20/2021.

F6 · balance_after: 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.

SEC source: 0001127602-24-030063 · form4.xml · nonDerivative · entry 1

FISCHER TAMARA D · CIK 0001210694 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 17,118.442

F1 · shares: Shares acquired pursuant to the Jones Lang LaSalle Income Property Trust, Inc. Amended and Restated Distribution Reinvestment Plan on December 24, 2024.

SEC source: 0001628280-24-049909 · wk-form4_1733346331.xml · derivative · entry 1

FISCHER TAMARA D · CIK 0001210694 · Director · Executive Chairperson

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 580,286

Underlying: Common shares of beneficial interest, $0.01 par value · 18,781 shares

Expires not disclosed

F1 · security: 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.

F1 · derivative.exercise_price: 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 · derivative.exercise_price: The Class A OP Units in this table are comprised of 18,781 Class A OP Units issuable upon the conversion of 18,781 unvested long-term incentive plan units ("LTIP Units") in the Partnership which were granted to the Reporting Person pursuant to a 2024 LTIP Unit Award Agreement between the Issuer and the Reporting Person under the Issuer's 2024 Equity Incentive Plan. Of these, 7,513 vest on December 2, 2026, subject to continued employment by the Reporting Person, and 11,268 represent the maximum amount of LTIP Units that can vest on December 2, 2025 contingent upon the achievement of certain performance criteria.

F3 · derivative.exercise_price: The Reporting Person will not earn any of the 11,268 performance-based LTIP Units if the minimum performance criteria is not met. The 11,268 performance-based LTIP Units are being reported here for informational purposes only. Vested LTIP Units, after achieving parity with 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 Agreement.

F2 · shares: The Class A OP Units in this table are comprised of 18,781 Class A OP Units issuable upon the conversion of 18,781 unvested long-term incentive plan units ("LTIP Units") in the Partnership which were granted to the Reporting Person pursuant to a 2024 LTIP Unit Award Agreement between the Issuer and the Reporting Person under the Issuer's 2024 Equity Incentive Plan. Of these, 7,513 vest on December 2, 2026, subject to continued employment by the Reporting Person, and 11,268 represent the maximum amount of LTIP Units that can vest on December 2, 2025 contingent upon the achievement of certain performance criteria.

F1 · derivative.exercise_date: 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 · derivative.exercise_date: The Class A OP Units in this table are comprised of 18,781 Class A OP Units issuable upon the conversion of 18,781 unvested long-term incentive plan units ("LTIP Units") in the Partnership which were granted to the Reporting Person pursuant to a 2024 LTIP Unit Award Agreement between the Issuer and the Reporting Person under the Issuer's 2024 Equity Incentive Plan. Of these, 7,513 vest on December 2, 2026, subject to continued employment by the Reporting Person, and 11,268 represent the maximum amount of LTIP Units that can vest on December 2, 2025 contingent upon the achievement of certain performance criteria.

F3 · derivative.exercise_date: The Reporting Person will not earn any of the 11,268 performance-based LTIP Units if the minimum performance criteria is not met. The 11,268 performance-based LTIP Units are being reported here for informational purposes only. Vested LTIP Units, after achieving parity with 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 Agreement.

F4 · derivative.expiration_date: N/A

F1 · derivative.underlying: 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.

F1 · derivative.underlying_shares: 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 · derivative.underlying_shares: The Class A OP Units in this table are comprised of 18,781 Class A OP Units issuable upon the conversion of 18,781 unvested long-term incentive plan units ("LTIP Units") in the Partnership which were granted to the Reporting Person pursuant to a 2024 LTIP Unit Award Agreement between the Issuer and the Reporting Person under the Issuer's 2024 Equity Incentive Plan. Of these, 7,513 vest on December 2, 2026, subject to continued employment by the Reporting Person, and 11,268 represent the maximum amount of LTIP Units that can vest on December 2, 2025 contingent upon the achievement of certain performance criteria.

F3 · derivative.underlying_shares: The Reporting Person will not earn any of the 11,268 performance-based LTIP Units if the minimum performance criteria is not met. The 11,268 performance-based LTIP Units are being reported here for informational purposes only. Vested LTIP Units, after achieving parity with 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 Agreement.

F5 · balance_after: The Reporting Person's total direct and indirect beneficial ownership of Class A OP Units following the reported transaction above is 580,286 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). All of the Reporting Person's 580,286 Class A OP Units are held directly through Tamara D. Fischer, trustee of the Tamara Diane Fischer Trust dated 01/20/2021.

F6 · balance_after: 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.

SEC source: 0001127602-24-024443 · form4.xml · nonDerivative · entry 1

FISCHER TAMARA D · CIK 0001210694 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 16,886.954

F1 · kind: Shares acquired pursuant to the Jones Lang LaSalle Income Property Trust, Inc. Amended and Restated Distribution Reinvestment Plan on September 24, 2024.

SEC source: 0001127602-24-019304 · form4.xml · nonDerivative · entry 1

FISCHER TAMARA D · CIK 0001210694 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 16,660.154

F1 · kind: Shares acquired pursuant to the Jones Lang LaSalle Income Property Trust, Inc. Amended and Restated Distribution Reinvestment Plan on June 25, 2024.

SEC source: 0001127602-24-016277 · form4.xml · derivative · entry 2

FISCHER TAMARA D · CIK 0001210694 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 2,388.016

Underlying: Common Stock · 1,245 shares

Expires not disclosed

F1 · derivative.exercise_price: Each share of phantom stock is the economic equivalent of one share of common stock. The shares of phantom stock are payable in two equal annual installments beginning within the 90 days following the calendar year in which the reporting person ceases to serve as a director, in cash or common stock, at the election of the reporting person.

F1 · derivative.exercise_date: Each share of phantom stock is the economic equivalent of one share of common stock. The shares of phantom stock are payable in two equal annual installments beginning within the 90 days following the calendar year in which the reporting person ceases to serve as a director, in cash or common stock, at the election of the reporting person.

F1 · derivative.expiration_date: Each share of phantom stock is the economic equivalent of one share of common stock. The shares of phantom stock are payable in two equal annual installments beginning within the 90 days following the calendar year in which the reporting person ceases to serve as a director, in cash or common stock, at the election of the reporting person.

SEC source: 0001127602-24-012160 · form4.xml · nonDerivative · entry 1

FISCHER TAMARA D · CIK 0001210694 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 16,439.04

F1 · kind: On April 1, 2024, the Reporting Person was granted 5823.627 Class M-1 shares pursuant to the Directors' Compensation Plan.

SEC source: 0001127602-24-011328 · form4.xml · nonDerivative · entry 1

FISCHER TAMARA D · CIK 0001210694 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 10,615.413

F1 · kind: Shares acquired pursuant to the Jones Lang LaSalle Income Property Trust, Inc. Amended and Restated Distribution Reinvestment Plan on March 26, 2024.

SEC source: 0001628280-24-008685 · wk-form4_1709595092.xml · derivative · entry 3

FISCHER TAMARA D · CIK 0001210694 · Director · Executive Chairperson

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 561,505

Underlying: Common shares of beneficial interest, $0.01 par value · 23,235 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · security: 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.

F1 · derivative.exercise_price: 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.

F8 · shares: Consists of 23,235 LTIP Units held by the Reporting Person which were converted into 23,235 Class A OP Units as described in footnote 7 above.

F8 · price: Consists of 23,235 LTIP Units held by the Reporting Person which were converted into 23,235 Class A OP Units as described in footnote 7 above.

F1 · derivative.exercise_date: 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.

F4 · derivative.expiration_date: N/A

F1 · derivative.underlying: 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.

F5 · balance_after: The Reporting Person's total direct and indirect beneficial ownership of Class A OP Units following the reported transactions above (including the LTIP Units conversion described in footnote 8 below) is 561,505 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). Excludes 30,050 previously reported LTIP Units granted on February 26, 2021 pursuant a 2021 LTIP Unit Agreement, which did not vest upon the expiration of the performance period on January 1, 2024. All of the Reporting Person's 561,505 Class A OP Units are held directly through Tamara D. Fischer, trustee of the Tamara Diane Fischer Trust dated 01/20/2021.

F9 · balance_after: Following the reported transactions, the Reporting Person has total direct beneficial ownership in 11,801 vested LTIP Units and 107,843 unvested LTIP Units. The Reporting Person previously reported the 23,235 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 2 and 3 of this Form 4 are being filed on a voluntary basis solely to provide notice of the conversion of the Reporting Person's 23,235 LTIP Units into 23,235 Class A OP Units.

SEC source: 0001628280-24-008685 · wk-form4_1709595092.xml · derivative · entry 2

FISCHER TAMARA D · CIK 0001210694 · Director · Executive Chairperson

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 119,644

Underlying: Class A OP Units · 23,235 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · security: 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.

F3 · security: The Class A OP Units in the first row of this table are comprised of 30,815 Class A OP Units issuable upon the conversion of 30,815 unvested long-term incentive plan units ("LTIP Units") in the Partnership which were granted to the Reporting Person pursuant to a 2024 LTIP Unit Award Agreement between the Issuer and the Reporting Person under the Issuer's 2015 Equity Incentive Plan. Of these, 8,681 vest in three annual installments on January 1, 2025, January 1, 2026, and January 1, 2027, subject to continued employment by the Reporting Person and 22,134 represent the maximum amount of LTIP Units that can vest on January 1, 2027 contingent upon the achievement of certain performance criteria.

F1 · derivative.exercise_price: 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.

F7 · derivative.exercise_price: Pursuant to the Partnership Agreement, upon the achievement of certain conditions, a holder of 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.

F8 · shares: Consists of 23,235 LTIP Units held by the Reporting Person which were converted into 23,235 Class A OP Units as described in footnote 7 above.

F8 · price: Consists of 23,235 LTIP Units held by the Reporting Person which were converted into 23,235 Class A OP Units as described in footnote 7 above.

F1 · derivative.exercise_date: 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.

F8 · derivative.exercise_date: Consists of 23,235 LTIP Units held by the Reporting Person which were converted into 23,235 Class A OP Units as described in footnote 7 above.

F4 · derivative.expiration_date: N/A

F1 · derivative.underlying: 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.

F7 · derivative.underlying: Pursuant to the Partnership Agreement, upon the achievement of certain conditions, a holder of 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 · balance_after: The Class A OP Units in the first row of this table are comprised of 30,815 Class A OP Units issuable upon the conversion of 30,815 unvested long-term incentive plan units ("LTIP Units") in the Partnership which were granted to the Reporting Person pursuant to a 2024 LTIP Unit Award Agreement between the Issuer and the Reporting Person under the Issuer's 2015 Equity Incentive Plan. Of these, 8,681 vest in three annual installments on January 1, 2025, January 1, 2026, and January 1, 2027, subject to continued employment by the Reporting Person and 22,134 represent the maximum amount of LTIP Units that can vest on January 1, 2027 contingent upon the achievement of certain performance criteria.

F5 · balance_after: The Reporting Person's total direct and indirect beneficial ownership of Class A OP Units following the reported transactions above (including the LTIP Units conversion described in footnote 8 below) is 561,505 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). Excludes 30,050 previously reported LTIP Units granted on February 26, 2021 pursuant a 2021 LTIP Unit Agreement, which did not vest upon the expiration of the performance period on January 1, 2024. All of the Reporting Person's 561,505 Class A OP Units are held directly through Tamara D. Fischer, trustee of the Tamara Diane Fischer Trust dated 01/20/2021.

F9 · balance_after: Following the reported transactions, the Reporting Person has total direct beneficial ownership in 11,801 vested LTIP Units and 107,843 unvested LTIP Units. The Reporting Person previously reported the 23,235 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 2 and 3 of this Form 4 are being filed on a voluntary basis solely to provide notice of the conversion of the Reporting Person's 23,235 LTIP Units into 23,235 Class A OP Units.

SEC source: 0001628280-24-008685 · wk-form4_1709595092.xml · derivative · entry 1

FISCHER TAMARA D · CIK 0001210694 · Director · Executive Chairperson

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 561,505

Underlying: Common shares of beneficial interest, $0.01 par value · 30,815 shares

Expires not disclosed

F1 · security: 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.

F1 · derivative.exercise_price: 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 · derivative.exercise_price: The Reporting Person will not earn any of the 22,134 performance-based LTIP Units if the minimum performance criteria is not met. The 22,134 performance-based LTIP Units are being reported here for informational purposes only. Vested LTIP Units, after achieving parity with 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 Agreement.

F3 · derivative.exercise_price: The Class A OP Units in the first row of this table are comprised of 30,815 Class A OP Units issuable upon the conversion of 30,815 unvested long-term incentive plan units ("LTIP Units") in the Partnership which were granted to the Reporting Person pursuant to a 2024 LTIP Unit Award Agreement between the Issuer and the Reporting Person under the Issuer's 2015 Equity Incentive Plan. Of these, 8,681 vest in three annual installments on January 1, 2025, January 1, 2026, and January 1, 2027, subject to continued employment by the Reporting Person and 22,134 represent the maximum amount of LTIP Units that can vest on January 1, 2027 contingent upon the achievement of certain performance criteria.

F3 · shares: The Class A OP Units in the first row of this table are comprised of 30,815 Class A OP Units issuable upon the conversion of 30,815 unvested long-term incentive plan units ("LTIP Units") in the Partnership which were granted to the Reporting Person pursuant to a 2024 LTIP Unit Award Agreement between the Issuer and the Reporting Person under the Issuer's 2015 Equity Incentive Plan. Of these, 8,681 vest in three annual installments on January 1, 2025, January 1, 2026, and January 1, 2027, subject to continued employment by the Reporting Person and 22,134 represent the maximum amount of LTIP Units that can vest on January 1, 2027 contingent upon the achievement of certain performance criteria.

F1 · derivative.exercise_date: 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 · derivative.exercise_date: The Reporting Person will not earn any of the 22,134 performance-based LTIP Units if the minimum performance criteria is not met. The 22,134 performance-based LTIP Units are being reported here for informational purposes only. Vested LTIP Units, after achieving parity with 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 Agreement.

F3 · derivative.exercise_date: The Class A OP Units in the first row of this table are comprised of 30,815 Class A OP Units issuable upon the conversion of 30,815 unvested long-term incentive plan units ("LTIP Units") in the Partnership which were granted to the Reporting Person pursuant to a 2024 LTIP Unit Award Agreement between the Issuer and the Reporting Person under the Issuer's 2015 Equity Incentive Plan. Of these, 8,681 vest in three annual installments on January 1, 2025, January 1, 2026, and January 1, 2027, subject to continued employment by the Reporting Person and 22,134 represent the maximum amount of LTIP Units that can vest on January 1, 2027 contingent upon the achievement of certain performance criteria.

F4 · derivative.expiration_date: N/A

F1 · derivative.underlying: 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.

F1 · derivative.underlying_shares: 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 · derivative.underlying_shares: The Reporting Person will not earn any of the 22,134 performance-based LTIP Units if the minimum performance criteria is not met. The 22,134 performance-based LTIP Units are being reported here for informational purposes only. Vested LTIP Units, after achieving parity with 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 Agreement.

F3 · derivative.underlying_shares: The Class A OP Units in the first row of this table are comprised of 30,815 Class A OP Units issuable upon the conversion of 30,815 unvested long-term incentive plan units ("LTIP Units") in the Partnership which were granted to the Reporting Person pursuant to a 2024 LTIP Unit Award Agreement between the Issuer and the Reporting Person under the Issuer's 2015 Equity Incentive Plan. Of these, 8,681 vest in three annual installments on January 1, 2025, January 1, 2026, and January 1, 2027, subject to continued employment by the Reporting Person and 22,134 represent the maximum amount of LTIP Units that can vest on January 1, 2027 contingent upon the achievement of certain performance criteria.

F5 · balance_after: The Reporting Person's total direct and indirect beneficial ownership of Class A OP Units following the reported transactions above (including the LTIP Units conversion described in footnote 8 below) is 561,505 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). Excludes 30,050 previously reported LTIP Units granted on February 26, 2021 pursuant a 2021 LTIP Unit Agreement, which did not vest upon the expiration of the performance period on January 1, 2024. All of the Reporting Person's 561,505 Class A OP Units are held directly through Tamara D. Fischer, trustee of the Tamara Diane Fischer Trust dated 01/20/2021.

F6 · balance_after: 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.

SEC source: 0001127602-23-030506 · form4.xml · nonDerivative · entry 1

FISCHER TAMARA D · CIK 0001210694 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 10,489.805

F1 · kind: Shares acquired pursuant to the Jones Lang LaSalle Income Property Trust, Inc. Amended and Restated Distribution Reinvestment Plan on December 26, 2023.

SEC source: 0001628280-23-038923 · wk-form4_1699995933.xml · nonDerivative · entry 1

FISCHER TAMARA D · CIK 0001210694 · Director · Executive Chair

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 18,000

F1 · security: Represents common shares of beneficial interest, $0.01 par value ("Common Shares"), purchased in the open market through a self-directed IRA.

F1 · shares: Represents common shares of beneficial interest, $0.01 par value ("Common Shares"), purchased in the open market through a self-directed IRA.

F2 · balance_after: The Reporting Person's total direct and indirect beneficial ownership following the reported transactions in this class of securities is 18,000 Common Shares, which includes those Common Shares previously reported. The 18,000 Common Shares do not include derivative securities of the Reporting Person that have been reported on the Reporting Person's Form 3 and Forms 4.

SEC source: 0001127602-23-024788 · form4.xml · nonDerivative · entry 1

FISCHER TAMARA D · CIK 0001210694 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 5,174.423

F1 · kind: Shares acquired pursuant to the Jones Lang LaSalle Income Property Trust, Inc. Amended and Restated Distribution Reinvestment Plan on September 25, 2023.

SEC source: 0001127602-23-029127 · form4.xml · nonDerivative · entry 3

FISCHER TAMARA D · CIK 0001210694 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 10,369.985

F3 · kind: Shares acquired pursuant to the Jones Lang LaSalle Income Property Trust, Inc. Amended and Restated Distribution Reinvestment Plan on September 26, 2023.