NSA: Wasatch Advisors reports 1,845,950 shares, 2.4% ownership

Rhea-AI Filing Summary

Wasatch Advisors LP filed an amended Schedule 13G reporting its passive ownership in National Storage Affiliates Trust (NSA). The firm reported beneficial ownership of 1,845,950 shares, representing 2.4% of the class as of 09/30/2025.

Wasatch reported sole voting power over 1,232,967 shares and sole dispositive power over 1,845,950 shares, with no shared voting or dispositive power. The filer is classified as an investment adviser and certified the shares were acquired and are held in the ordinary course of business, not to change or influence control.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 3)

National Storage Affiliates Tr

(Name of Issuer)

COM SHS BEN IN

(Title of Class of Securities)

637870106

(CUSIP Number)

09/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 637870106

1

Names of Reporting Persons

Wasatch Advisors LP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,232,967.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,845,950.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,845,950.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

2.4 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: National Storage Affiliates Tr
(b)	Address of issuer's principal executive offices: 8400 E. PRENTICE AVENUE, 9TH FLOOR, GREENWOOD VILLAGE, CO, 80111
Item 2.
(a)	Name of person filing: Wasatch Advisors LP
(b)	Address or principal business office or, if none, residence: 505 Wakara Way, 3rd Floor, Salt Lake City, 84108, United States
(c)	Citizenship: DELAWARE
(d)	Title of class of securities: COM SHS BEN IN
(e)	CUSIP No.: 637870106
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 1,845,950
(b)	Percent of class: 2.4 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 1,232,967
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 1,845,950
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Wasatch Advisors LP

Signature:	Mike Yeates
Name/Title:	CEO
Date:	11/12/2025

FAQ

What did Wasatch Advisors report in its Schedule 13G/A for NSA?

Wasatch Advisors LP reported beneficial ownership of 1,845,950 shares of NSA, equal to 2.4% of the class as of 09/30/2025.

How much voting power did Wasatch report over NSA shares?

Wasatch reported sole voting power over 1,232,967 shares and no shared voting power.

What dispositive power does Wasatch have over its NSA shares?

Wasatch reported sole dispositive power over 1,845,950 shares and no shared dispositive power.

Is the NSA position reported by Wasatch passive or active?

The filing includes a certification that the shares were acquired and are held in the ordinary course of business, not to influence control.

What is the relevant date for the NSA ownership figures?

The ownership percentages and share counts are reported as of 09/30/2025.

How is Wasatch Advisors classified in the filing?

Wasatch Advisors is identified as an investment adviser (IA).