Timothy M. Martin - Jan 1, 2023 Form 4 Insider Report for CubeSmart (CUBE)

Role: CFO
Signature: Douglas J. Tyrell, Attorney-in-Fact
Stock symbol: CUBE
Transactions as of: Jan 1, 2023
Transactions value $: $614,175
Form type: 4
Date filed: 1/4/2023, 03:42 PM
Previous filing: Oct 17, 2022
Next filing: Jan 17, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CUBE	Common	Award	$614K	+15.3K	+6.09%	$40.25	266K	Jan 1, 2023	Direct	F1
transaction	CUBE	Common	Award	$0	+12.8K	+4.83%	$0.00	279K	Jan 1, 2023	Direct	F2
holding	CUBE	Common						5.47K	Jan 1, 2023	By 401(k) Plan

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	+65.4K		$0.00	65.4K	Jan 1, 2023	Common	65.4K	$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 units represent restricted units issued under the Company's 2007 Equity Incentive Plan and are subject to risk of forfeiture. The common units 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.