CHRISTOPHER P. MARR - 01 Jan 2025 Form 4 Insider Report for CubeSmart (CUBE)

Role: CEO, Director
Signature: Douglas J. Tyrell, Attorney-in-Fact
Issuer symbol: CUBE
Transactions as of: 01 Jan 2025
Net transactions value: +$834,547
Form type: 4
Filing time: 03 Jan 2025, 16:12:51 UTC
Previous filing: 16 Oct 2024
Next filing: 10 Jan 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CUBE	Common	Award	$0	+28,627	+5%	$0.000000	605,463	01 Jan 2025	Direct	F1, F2
transaction	CUBE	Common	Award	$1,064,822	+24,850	+4.1%	$42.85	630,313	01 Jan 2025	Direct	F2, F3
transaction	CUBE	Common	Award	$0	+14,313	+2.3%	$0.000000	644,626	01 Jan 2025	Direct	F2, F4
transaction	CUBE	Common	Tax liability	$230,276	-5,374	-0.83%	$42.85	639,252	01 Jan 2025	Direct	F2
holding	CUBE	Common						210,538	01 Jan 2025	By Spousal Trust
holding	CUBE	Common						2,698	01 Jan 2025	By Spousal Trust #2
holding	CUBE	Common						30,397	01 Jan 2025	Held in Trust

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	+200,873		$0.000000	200,873	01 Jan 2025	Common	200,873	$42.85	Direct	F5

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

Explanation of Responses:

Id	Content
F1	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 two-year period, one-half per year on January 1, 2026,and January 1, 2027, provided the reporting person remains employed by the Company.
F2	Reflects direct ownership of 50,471 common shares, which were previously reported as indirectly owned by Trust, as the result of a distribution of such shares from the Trust to the reporting person
F3	These common shares represent the vesting of performance-based units granted on January 1, 2022 under the 2007 Equity Incentive Plan of the Company.
F4	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 on January 1, 2028, provided the reporting person remains employed by the Company.
F5	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.