Jeffrey P. Foster, Chief Legal Officer and Secretary of CubeSmart, filed a Form 4 on November 3, 2026, disclosing a stock option exercise and same-day sale of 22,776 shares of common stock on November 2, 2026.

Key Highlights

  • Option exercise: Foster acquired 22,776 shares of CubeSmart common stock via a stock option exercise (transaction code M) at a conversion price of $27.78 per share on November 2, 2026.
  • Same-day sale: Foster disposed of 22,776 shares (transaction code S) at a price of $43.7179 per share on November 2, 2026.
  • Post-transaction ownership: Following the exercise, Foster held 227,833 shares directly; after the sale, his direct beneficial ownership stood at 205,057 shares.
  • Option history: According to the filing, the original stock option for 22,776 shares became exercisable in three equal installments on January 23, 2019, 2020, and 2021, with an expiration date of January 22, 2028.
  • Remaining derivative securities: Following the exercise, the number of derivative securities (stock options) beneficially owned by Foster is reported as 0.0000.

Foster's Option Exercise and Share Disposition at CubeSmart

According to the Form 4 filed with the SEC, Jeffrey P. Foster, serving as CLO and Secretary of CubeSmart (NYSE:CUBE), reported two transactions dated November 2, 2026. First, Foster exercised a stock option covering 22,776 shares of common stock at a conversion price of $27.78 per share, recorded under transaction code M. This brought his direct beneficial ownership to 227,833 shares immediately following that transaction.

In a simultaneous disposition, the filing discloses that Foster sold all 22,776 of those shares at a price of $43.7179 per share, recorded under transaction code S. After this sale, his direct beneficial ownership in CubeSmart common stock was reported as 205,057 shares. No indirect ownership was reported for either transaction.

The filing notes that the original stock option for the 22,776 shares had vested in three equal installments on January 23, 2019, January 23, 2020, and January 23, 2021, and carried an expiration date of January 22, 2028. With the exercise now complete, the derivative security position is reported at zero. The Form 4 was signed by Douglas J. Tyrell as Attorney-in-Fact for Foster, dated November 2, 2026.

What Was Disclosed

Jeffrey P. Foster, CLO and Secretary of CubeSmart, disclosed a stock option exercise of 22,776 shares at $27.78 and a same-day sale of those shares at $43.7179, leaving him with 205,057 shares of common stock held directly.