Joel D. Keaton - Jan 1, 2023 Form 4 Insider Report for CubeSmart (CUBE)

Role: COO
Signature: Douglas J. Tyrell, Attorney-in-Fact
Stock symbol: CUBE
Transactions as of: Jan 1, 2023
Transactions value $: $342,528
Form type: 4
Date filed: 1/4/2023, 03:42 PM
Previous filing: Jan 4, 2022
Next filing: Jan 3, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CUBE	Common	Award	$370K	+9.19K	+15.55%	$40.25	68.3K	Jan 1, 2023	Direct	F1
transaction	CUBE	Common	Award	$0	+8.08K	+11.82%	$0.00	76.4K	Jan 1, 2023	Direct	F2
transaction	CUBE	Common	Tax liability	-$27.5K	-682	-0.89%	$40.25	75.7K	Jan 1, 2023	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	CUBE	Stock Option (right to buy)	Award	$0	+41.1K		$0.00	41.1K	Jan 1, 2023	Common	41.1K	$40.25	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These common shares represent the vesting of performance-based units granted on January 1, 2020 under the 2007 Equity Incentive Plan of the Company.
F2	These common shares represent restricted shares issued under the Company's 2007 Equity Incentive Plan and are subject to risk of forfeiture. The common shares vest ratably over a three-year period, one-third per year on January 1, 2024, January 1, 2025, and January 1, 2026, provided the reporting person remains employed by the Company.
F3	The stock options vest ratably over a three-year period, one-third per year on each of the first three anniversaries of the grant date, provided the reporting person remains employed by the Company.