HubSpot (HUBS) director notes RSU tax withholding and indirect trust stake
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
HubSpot Inc. director Brian Halligan reported a routine tax-withholding entry and updated indirect holdings. The company withheld 157 shares of common stock at $262.20 per share to cover taxes tied to the settlement of restricted stock units, a non-market disposition coded as tax withholding.
After this event, Halligan directly holds 353,343 shares of HubSpot common stock. Separately, an additional 102,000 shares are held indirectly by Wolf Investors, LLC, whose sole member is a trust for which Halligan is settlor. He disclaims beneficial ownership of those indirectly held shares except to the extent of any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Halligan Brian
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 157 | $262.20 | $41K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 353,343 shares (Direct, null);
Common Stock — 102,000 shares (Indirect, See footnote)
Footnotes (1)
- Shares withheld by Issuer to cover taxes associated with settlement of restricted stock units. Shares held by Wolf Investors, LLC (the "LLC"). The manager of the LLC is Paul Karger, and the sole member is the Brian P. Halligan 2026 New Hampshire Trust u/a/d February 19, 2026, of which the reporting person is the settlor. The reporting person disclaims beneficial ownership of these securities except to the extent, if any, of his pecuniary interest therein, and nothing contained in this report shall be an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
Key Figures
Shares withheld for taxes: 157 shares
Withholding price: $262.20 per share
Direct shares after transaction: 353,343 shares
+1 more
4 metrics
Shares withheld for taxes
157 shares
Tax withholding on restricted stock units
Withholding price
$262.20 per share
Value used for RSU tax-withholding shares
Direct shares after transaction
353,343 shares
Direct HubSpot common stock held by Halligan
Indirect shares via LLC
102,000 shares
HubSpot shares held by Wolf Investors, LLC
Key Terms
restricted stock units, tax-withholding disposition, pecuniary interest, beneficial ownership, +1 more
5 terms
restricted stock units financial
"Shares withheld by Issuer to cover taxes associated with settlement of restricted stock units."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax-withholding disposition financial
"transaction_action: tax-withholding disposition for 157 shares of Common Stock."
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
pecuniary interest financial
"disclaims beneficial ownership of these securities except to the extent, if any, of his pecuniary interest therein"
beneficial ownership financial
"nothing contained in this report shall be an admission that the reporting person is the beneficial owner of these securities"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Section 16 regulatory
"beneficial owner of these securities for purposes of Section 16 or for any other purpose"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
FAQ
What did HubSpot (HUBS) director Brian Halligan report in this Form 4?
Brian Halligan reported a tax-withholding disposition and updated his share holdings. HubSpot withheld 157 shares to cover taxes on restricted stock units, and Halligan’s direct and indirect ownership positions were updated accordingly in the filing.
What is Wolf Investors, LLC’s role in Brian Halligan’s HubSpot (HUBS) holdings?
Wolf Investors, LLC holds 102,000 HubSpot shares indirectly linked to Brian Halligan. The LLC’s sole member is a trust for which Halligan is settlor, and he disclaims beneficial ownership except for any pecuniary interest he may have in those securities.
Is the HubSpot (HUBS) Form 4 transaction an open-market sale by Brian Halligan?
The filing reflects a tax-withholding disposition, not an open-market sale. HubSpot withheld 157 shares to satisfy tax obligations on restricted stock units, meaning the shares went to the issuer rather than being sold on the open market.