[144] HUBSPOT, INC. SEC Filing

Rhea-AI Filing Summary

Form 144 notice for HUBSPOT, INC. (HUBS) records a proposed sale of 17,253 common shares through Fidelity Brokerage Services on the NYSE with an aggregate market value of $8,637,970.94. The shares represent part of an outstanding share base of 52,693,110. The securities were acquired on 10/15/2014 as pre-IPO/IPO shares and were paid for in cash. The planned approximate sale date is 09/08/2025. The filer reports no sales of the issuer's securities in the past three months. The notice includes the standard representation that the seller is unaware of undisclosed material adverse information.

Positive

• Long-term holding: Shares were acquired on 10/15/2014 as pre-IPO/IPO shares, indicating the securities are long-held.
• No recent sales: The filer reports "Nothing to Report" for securities sold in the past three months, suggesting this is not part of continuous selling.

Negative

• Sizeable proposed sale: The aggregate market value of $8,637,970.94 is a material dollar amount that will add shares to the market on the planned date.
• Insider liquidity event: Sale of pre-IPO shares may be viewed by some investors as an insider realizing gains, which could attract market attention.

Insights

Financial Analyst

TL;DR: Insider plans a single, sizeable sale of long-held pre-IPO shares via a broker, totalling $8.64M.

The transaction is a reported Rule 144 sale of 17,253 common shares valued at $8,637,970.94, executed through Fidelity on the NYSE. These shares were acquired in 2014 as pre-IPO/IPO shares and paid for in cash, indicating long-term holding prior to this proposed disposition. No related sales occurred in the prior three months, suggesting this is an isolated liquidity event rather than ongoing selling pressure. For public markets, the sale size versus total outstanding shares (52,693,110) appears limited, but the dollar value is material on an absolute basis.

Corporate Governance Expert

TL;DR: The filing is a routine Rule 144 disclosure of an insider sale with required certification about material information.

The form includes the standard signed representation that the seller is not aware of undisclosed material adverse facts and notes the use of a broker (Fidelity) for execution. The shares originate from a 2014 pre-IPO allocation, which may reflect founder/employee liquidity rather than a change in corporate control. Absence of recent sales reduces immediate governance concerns, but stakeholders will note the timing and size of the sale relative to any pending corporate developments.

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	17253	8637970.94	52693110	09/08/2025	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	Pre-IPO Shares/ IPO Shares	Issuer			17253	10/15/2014	Cash

* 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

Nothing to Report

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 HUBS Form 144 disclose?

The notice discloses a proposed Rule 144 sale of 17,253 common shares of HubSpot with an aggregate market value of $8,637,970.94, to be sold through Fidelity on the NYSE.

When were the shares being sold originally acquired?

The shares were acquired on 10/15/2014 as pre-IPO/IPO shares and were purchased in cash.

How many HubSpot shares are outstanding according to the filing?

The filing reports 52,693,110 shares outstanding.

Were any HubSpot securities sold by the filer in the past three months?

No. The filing states "Nothing to Report" for securities sold during the past three months.

Through which broker will the HUBS shares be sold?

The sale is to be executed via Fidelity Brokerage Services LLC located at the address provided in the notice.