CUBE Insider Filing: Christopher Marr Trust Distribution of 10,132 Shares

Rhea-AI Filing Summary

CubeSmart insider filing (Form 4): Christopher P. Marr, who is listed as both a Director and the CEO, reported a securities change for CubeSmart (CUBE) dated 08/12/2025. The filing states that 10,132 common shares were distributed from a family trust to a child of the reporting person on that date.

Following the reported transaction the filing shows 531,059 shares held directly by the reporting person and additional indirect holdings of 263,838 shares by a spousal trust, 2,698 shares by a second spousal trust, and 30,397 shares held in trust. The Form 4 was filed by one reporting person and is signed by an attorney-in-fact.

Positive

• Clear disclosure: The Form 4 explicitly states the transaction date and nature: 10,132 shares distributed from a family trust on 08/12/2025.
• Substantial insider ownership retained: The reporting person still holds 531,059 shares directly plus indirect holdings totaling 296,933 shares across trusts, indicating continued alignment with shareholders.
• Routine, non-market transfer: The explanation identifies the movement as a trust distribution rather than an open-market sale or derivative exercise.

Negative

• Reduction in direct holdings: The direct beneficial ownership related to the reporting person decreased by 10,132 shares due to the distribution.
• Limited detail on recipient control: The filing states the shares were distributed to a child but provides no further detail about subsequent beneficial control or intent.

Insights

Securities Analyst

TL;DR: Small family-trust distribution; overall insider holdings remain large and unchanged materially.

The transaction recorded on 08/12/2025 is a distribution of 10,132 shares from a family trust to a child, which the filer discloses explicitly. Relative to the reporting person's direct holding of 531,059 shares and combined indirect holdings shown in the filing, this transfer represents a small proportion of total beneficial ownership. The Form 4 presents clear post-transaction balances, enabling investors to see continued substantial insider ownership but does not indicate an open-market sale or new derivative positions.

Corporate Governance Expert

TL;DR: Governance disclosure is routine; transfer appears administrative rather than a market sale.

The filing documents a family trust distribution to a child, which is a non-market transfer recorded under Form 4 reporting rules. The filing lists the reporting person as both Director and CEO and provides explicit counts for direct and indirect holdings (531,059 direct; 263,838, 2,698, and 30,397 indirect across trusts). From a governance perspective, the submission meets disclosure requirements and does not raise immediate material governance concerns based on the information provided.

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

MARR CHRISTOPHER P

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CEO

3. Date of Earliest Transaction (Month/Day/Year)
08/12/2025

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
Common	08/12/2025		G		10,132(1)	D	$0.0000	531,059	D
Common								263,838	I	By Spousal Trust
Common								2,698	I	By Spousal Trust #2
Common								30,397	I	Held in Trust

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

Explanation of Responses:

1. On August 12, 2025, 10,132 shares were distributed from a family trust to a child of the reporting person.

	Douglas J. Tyrell, Attorney-in-Fact	08/12/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What did the CubeSmart (CUBE) Form 4 filed by Christopher P. Marr report?

The Form 4 reports a distribution of 10,132 common shares from a family trust to a child on 08/12/2025.

How many CUBE shares does Christopher Marr hold after the reported transaction?

The filing shows 531,059 shares held directly after the transaction, plus indirect holdings of 263,838, 2,698, and 30,397 in various trusts.

What roles does the reporting person hold at CubeSmart?

Christopher P. Marr is identified in the filing as a Director and as CEO of the issuer.

When was the transaction executed and who signed the Form 4?

The transaction date is 08/12/2025 and the Form 4 is signed by an attorney-in-fact, Douglas J. Tyrell.

Does the Form 4 show any derivative transactions or market sales?

No. Table II (derivative securities) contains no entries, and the disclosed transaction is a trust distribution rather than a market sale.