MARR CHRISTOPHER P 4

What Happened

• Christopher P. Marr, CEO and director of CubeSmart (CUBE), had 39,369 shares disposed on 2026-01-31 as a payment to satisfy an exercise price or tax liability. The shares were valued at $37.53 each, for a total of approximately $1,477,519.
• This transaction is recorded under code "F," which denotes payment of exercise price or tax liability by delivering or withholding shares — i.e., a withholding to cover taxes, not an open-market sale.

Key Details

• Transaction date: January 31, 2026; price: $37.53 per share; shares withheld/disposed: 39,369; total value: ~$1,477,519.
• Filing: Form 4 filed Feb 3, 2026 (covers the Jan 31, 2026 report date).
• Post-transaction ownership: The filing notes direct ownership of 50,471 common shares (per footnote), reflecting a distribution from a Trust that had previously reported those shares as indirectly owned.
• Footnote: F1 explains the 50,471 shares were distributed from a Trust to the reporting person.
• This was a tax-withholding/settlement action (code F), not an open-market sale (code S).

Context

• Withholding of shares to pay taxes or exercise costs is a common, administrative action and does not necessarily signal a change in the insider’s view of the company. It’s different from an open-market sale, which may reflect liquidity needs or sentiment.