MARR CHRISTOPHER P 4

What Happened

• Christopher P. Marr, CEO and Director of CubeSmart (CUBE), exercised 108,932 stock options and immediately sold the same 108,932 shares in an open-market transaction on June 10, 2026. The options were exercised at $26.30 per share (total exercise cost $2,864,912) and the shares were sold at $42.24 per share (gross proceeds $4,601,625). The transactions resulted in roughly $1.74M in gross proceeds before taxes and fees.

Key Details

• Transaction date: 2026-06-10.
• Exercise: 108,932 shares exercised at $26.30 = $2,864,912 (code M).
• Sale: 108,932 shares sold open-market at $42.24 = $4,601,625 (code S).
• Derivative conversion entry shows the option-to-share conversion (108,932 shares, $0.00) typical of an exercise followed by sale.
• Shares owned after the report: reporting person directly holds 50,471 common shares per footnote (these were distributed from a Trust).
• Footnotes: F1 — 50,471 shares were distributed from a Trust and are now directly owned; F2 — the original option (108,932 shares) vested in three equal installments on Jan 23, 2018, 2019, and 2020.
• Filing: Form filed 2026-06-12 for 2026-06-10 transactions — appears to be filed within the usual two-business-day window.

Context

• This was a cashless-style outcome: options were exercised and the resulting shares were sold the same day. Such transactions are often liquidity events by executives rather than an explicit signal of changing views on the company. The options vested years earlier (2018–2020), per the footnote, indicating these were long-vested awards.