CubeSmart insider reports 962.682 phantom shares (Form 4)

Rhea-AI Filing Summary

CubeSmart reported an insider transaction by its Chief Human Resources Officer. On 10/15/2025, the officer acquired 12.025 phantom shares (Transaction Code A) through reinvested dividend equivalents under the CubeSmart Trust Executive Deferred Compensation Plan (amended and restated January 1, 2007).

The filing lists a $41.11 price for the derivative security and shows 962.682 phantom shares beneficially owned following the transaction, held directly. These phantom shares are payable in cash on a one-for-one basis after the officer ceases employment, with the ability to reallocate among investment options on the first business day of the following calendar quarter.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Schulte Jennifer

(Last) (First) (Middle)

5 OLD LANCASTER ROAD

(Street)

MALVERN PA 19355

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
CubeSmart [ CUBE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Human Resources Officer

3. Date of Earliest Transaction (Month/Day/Year)
10/15/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Shares	(1)	10/15/2025		A		12.025		(1)	(1)	Common	12.025	$41.11	962.682	D

Explanation of Responses:

1. These phantom shares were acquired through reinvestment of dividend equivalents under the CubeSmart Trust Executive Deferred Compensation Plan, amended and restated January 1, 2007, and are payable in cash on a one-for-one basis after the reporting person ceases employment with the Company. The reporting person may elect to transfer these phantom shares at any time by reallocating his or her deemed investment option to another investment alternative, and such transfer will be effected on the first business day of the calendar quarter following the election.

	Douglas J. Tyrell, Attorney-in-Fact	10/15/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What did CubeSmart (CUBE) disclose in this Form 4?

An officer acquired 12.025 phantom shares on 10/15/2025 via dividend-equivalent reinvestment under the company’s deferred compensation plan.

How many phantom shares does the insider now hold at CubeSmart (CUBE)?

Following the transaction, the filing shows 962.682 phantom shares beneficially owned, held directly.

What was the price associated with the CubeSmart (CUBE) phantom shares transaction?

The filing lists a $41.11 price for the derivative security.

Who is the reporting person and role at CubeSmart (CUBE)?

The reporting person is an officer, serving as Chief Human Resources Officer.

What are the payment terms for CubeSmart (CUBE) phantom shares?

They are payable in cash on a one-for-one basis after the reporting person ceases employment with the company.

Under what plan were the CubeSmart (CUBE) phantom shares acquired?

Under the CubeSmart Trust Executive Deferred Compensation Plan, amended and restated January 1, 2007.

Can the CubeSmart (CUBE) insider transfer phantom shares between options?

Yes. The officer may reallocate to another investment alternative, effective the first business day of the next calendar quarter.