[Form 4] HUBSPOT, INC. Insider Trading Activity

Rhea-AI Filing Summary

Kathryn Bueker, Chief Financial Officer of HubSpot, Inc. (HUBS), reported a transaction on 09/02/2025 in which 40,682 shares of common stock were disposed of at a price of $471.54 per share. The filing classifies the transaction as a tax-withholding disposition related to the settlement of restricted stock units. The Form 4 was signed on behalf of the reporting person by an attorney-in-fact on 09/04/2025.

Insights

Securities Compliance Analyst

TL;DR: Routine tax-withholding disposition by an officer, disclosed via Form 4; no new grants or purchases reported.

This Form 4 documents a common post-vesting administrative action: shares were withheld to satisfy tax obligations upon RSU settlement. The transaction is reported as a disposition rather than a sale to a third party, which is typical for withholding. The filing shows clear identification of the reporting person as the CFO and includes the transaction date, number of shares involved, and per-share price used for withholding. From a compliance perspective, the disclosure meets Section 16 reporting requirements and provides investors transparency about insider changes in beneficial ownership.

Corporate Governance Specialist

TL;DR: Insider reduced reported beneficial holdings through tax withholding; transaction appears administrative and not market-driven.

The Form 4 indicates an administrative disposition of 40,682 shares at $471.54 per share to cover taxes on RSU settlement. There is no indication of an open-market sale or a change in compensation arrangements in this filing. The report is concise and includes an explanatory footnote explicitly stating withholding for taxes, which clarifies the nature of the disposition for investors and governance reviewers.

09/04/2025 - 04:23 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Bueker Kathryn

(Last) (First) (Middle)

C/O HUBSPOT, INC.

2 CANAL PARK

(Street)

CAMBRIDGE MA 02141

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
HUBSPOT INC [ HUBS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
09/02/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/02/2025		F(1)		404	D	$471.54	40,682	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Shares withheld by Issuer to cover taxes associated with settlement of restricted stock units.

	/s/ Joseph Theis, attorney-in-fact	09/04/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transaction did HUBS insider Kathryn Bueker report on Form 4?

The filing reports a disposition of 40,682 shares of HubSpot common stock on 09/02/2025 at $471.54 per share.

Why were the 40,682 HubSpot shares disposed of by the insider?

The Form 4 states the shares were withheld by the issuer to cover taxes associated with the settlement of restricted stock units.

What role does Kathryn Bueker hold at HUBS according to the filing?

The filing identifies Kathryn Bueker as an Officer and specifically the Chief Financial Officer of HubSpot, Inc.

When was the Form 4 for this HUBS transaction signed?

The Form 4 was signed by an attorney-in-fact on behalf of the reporting person on 09/04/2025.

Does this Form 4 show any open-market sales or purchases by the insider?

No. The reported disposition is described as share withholding to cover taxes; the filing does not show an open-market sale or purchase.