[144] HUBSPOT, INC. SEC Filing

Rhea-AI Filing Summary

HubSpot insider sale notice: This Form 144 discloses that Dharmesh P. Shah intends to sell 4,747 shares of HubSpot common stock via Fidelity Brokerage Services on 09/09/2025, with an aggregate market value of $2,381,104.01. The filing shows 52,693,110 shares outstanding for the class. The shares to be sold were acquired as Founders Shares on 10/15/2014, and the acquisition payment is listed as compensation. The notice also reports a recent sale by the same person: 17,253 shares sold on 09/08/2025 for $8,637,970.94. By signing, the seller represents they have no undisclosed material adverse information about the issuer.

Positive

• Regulatory compliance: The filer provided a Form 144 notice as required for the proposed sale.
• Detailed transaction data: The filing lists broker, exact share counts, dates, and aggregate values for intended and recent sales.

Negative

• Insider sale reported: A recent sale of 17,253 shares on 09/08/2025 for $8,637,970.94 is disclosed.
• Proposed sale: The insider intends to sell 4,747 shares on 09/09/2025, totaling $2,381,104.01.

Insights

Securities/Insider Transactions Analyst

TL;DR: Form 144 reports an insider sale filing for 4,747 shares and discloses a recent 17,253-share sale.

The filing fulfills Rule 144 notice requirements for an intended sale of 4,747 HubSpot shares with an aggregate market value of $2,381,104.01, to be executed through Fidelity on 09/09/2025. It records the securities as founders' shares acquired on 10/15/2014 and classifies payment as compensation. The form separately reports a prior sale on 09/08/2025 of 17,253 shares generating $8,637,970.94. This is a compliance disclosure; the filing itself provides transactional facts without commentary on motives or effect on valuation.

Corporate Governance Expert

TL;DR: The notice documents required insider-sale disclosures and includes the seller's attestation regarding material nonpublic information.

The signer attests they are unaware of undisclosed material adverse information, which is the standard representation required on this form. The filing identifies the broker (Fidelity Brokerage Services LLC, Smithfield, RI) and shows the class outstanding shares as 52,693,110. The disclosure of both the intended sale and a recent completed sale demonstrates adherence to reporting obligations under securities rules.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	4747	2381104.01	52693110	09/09/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	10/15/2014	Founders Shares	Issuer			4747	10/15/2014	Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Dharmesh P. Shah Two Canal Park Cambridge MA 02141	Common	09/08/2025	17253	8637970.94

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the Form 144 for HUBS disclose?

The Form 144 discloses an intended sale of 4,747 HubSpot shares on 09/09/2025 with an aggregate market value of $2,381,104.01.

Who is the seller named on the HUBS Form 144?

The seller is Dharmesh P. Shah, who also reported a sale of 17,253 shares on 09/08/2025.

When were the shares being sold originally acquired?

The shares were acquired as Founders Shares on 10/15/2014; payment is listed as compensation.

Through which broker will the HUBS shares be sold?

The intended sale is to be executed through Fidelity Brokerage Services LLC, 900 Salem Street, Smithfield, RI.

How many HubSpot shares outstanding does the filing list?

The filing lists 52,693,110 shares outstanding for the class of common stock.