{"url_path":"/sec/nsa/8-k/2026-07-22/item-3-03","section_key":"item-3-03","section_title":"Item 3.03 **","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-07-22","source_url":"https://www.sec.gov/Archives/edgar/data/1618563/0001104659-26-085888-index.html","accession_number":"0001104659-26-085888","cik":"0001618563","ticker":"NSA","issuer_name":"National Storage Affiliates Trust","edgar_url":"https://www.sec.gov/Archives/edgar/data/1618563/0001104659-26-085888-index.html","primary_entity_key":"0001618563","primary_entity_name":"National Storage Affiliates Trust"},"word_count":118,"has_tables":true,"body_markdown":"**Item 3.03**\n**Material Modification to Rights of Security Holders.**\n\n \n\nThe information set forth in the Introductory Note\nand under Items 2.01, 3.01 and 5.03 of this Current Report on Form 8-K is incorporated herein by reference.\n\n \n\nIn connection with the consummation of the Mergers\non the Closing Date, holders of NSA Common Shares, NSA Series A Preferred Shares, and NSA Series B Preferred Shares ceased to\nhave any rights as shareholders of NSA, other than the right to receive Public Storage Common Shares (and cash in lieu of fractional shares),\nPublic Storage Series T Preferred Shares, and Public Storage Series U Preferred Shares as set forth under Item 2.01 in accordance\nwith the terms of the Merger Agreement."}