Board member at CubeSmart (NYSE: CUBE) awarded 4,044 common shares

Rhea-AI Filing Summary

Dowling Dororthy reported acquisition or exercise transactions in this Form 4 filing.

CubeSmart director Dowling Dororthy received an equity award of 4,044 common shares as director compensation. The shares were granted at no cash cost under CubeSmart's 2007 Equity Incentive Plan and increase her direct holdings to 34,598 common shares.

The award will vest in full on the earlier of the first anniversary of the grant date, the date of the 2027 Annual Meeting of Shareholders, or the date she resigns or retires from the Board. This is a routine stock-based compensation grant rather than an open-market purchase or sale.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Dowling Dororthy

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common	4,044	$0.00	--

Holdings After Transaction: Common — 34,598 shares (Direct, null)

Footnotes (1)

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Key Figures

Shares granted: 4,044 shares Grant price: $0.0000 per share Post-transaction holdings: 34,598 shares +2 more

5 metrics

Shares granted 4,044 shares Common stock award to director on grant date

Grant price $0.0000 per share Reported transaction price per share for the award

Post-transaction holdings 34,598 shares Common shares directly owned after the grant

Vest by anniversary First anniversary One of the vesting triggers for the granted shares

Alternate vesting event 2027 Annual Meeting Shares vest by the 2027 Annual Meeting of Shareholders if earlier

Key Terms

Equity Incentive Plan, vest, Annual Meeting of Shareholders

3 terms

Equity Incentive Plan financial

"The common shares are issued under the Company's 2007 Equity Incentive Plan."

An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.

vest financial

"The common shares vest on the earlier of the first anniversary of the grant date..."

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

Annual Meeting of Shareholders financial

"...or the date of the 2027 Annual Meeting of Shareholders..."

A yearly gathering where a company’s owners (shareholders) vote on key items like electing the board, approving executive pay, and ratifying auditors, and receive updates on performance and strategy. Think of it as an annual town hall for owners: it matters to investors because outcomes and disclosures can affect leadership, corporate direction, dividend and governance policies, and therefore the company’s risk and potential return.

Form 4 Insider Transactions: What Each Field Means →

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^*

Dowling Dororthy

(Last) (First) (Middle)

5 OLD LANCASTER ROAD

(Street)

MALVERN PENNSYLVANIA 19355

(City) (State) (Zip)

UNITED STATES

(Country)

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
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/19/2026

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

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

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

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	05/19/2026		A		4,044(1)	A	$0.0000	34,598	D

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. The common shares are issued under the Company's 2007 Equity Incentive Plan. The common shares vest on the earlier of the first anniversary of the grant date, or the date of the 2027 Annual Meeting of Shareholders, or date the trustee resigns or retires from service on the Board.

	Douglas J. Tyrell, Attorney-in-Fact	05/20/2026
	** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did CubeSmart (CUBE) report for director Dowling Dororthy?

CubeSmart reported a stock grant to director Dowling Dororthy. She received 4,044 shares of common stock as an equity award, bringing her direct holdings to 34,598 shares, according to the Form 4 insider filing.

Was the CubeSmart (CUBE) Form 4 transaction a market buy or sell?

No, the transaction was not a market buy or sell. The Form 4 shows an "A" code, indicating a grant or award acquisition of 4,044 common shares as compensation, with no cash price per share reported.

How many CubeSmart (CUBE) shares does Dowling Dororthy own after this grant?

After the grant, Dowling Dororthy directly holds 34,598 CubeSmart shares. The Form 4 shows these as common shares owned directly, reflecting the addition of 4,044 granted shares to her prior position.

Under what plan were the new CubeSmart (CUBE) shares granted to the director?

The shares were granted under CubeSmart's 2007 Equity Incentive Plan. The footnote explains that the 4,044 common shares issued to Dowling Dororthy are part of this equity incentive program for directors.

When do the newly granted CubeSmart (CUBE) shares vest for Dowling Dororthy?

The granted shares vest based on time and service conditions. They vest on the earlier of the first anniversary of the grant date, the 2027 Annual Meeting of Shareholders, or the date she resigns or retires from the Board.