[Form 4] HUBSPOT INC Insider Trading Activity

Rhea-AI Filing Summary

Rangan Yamini, listed as Chief Executive Officer & President and a Director of HubSpot, reported a transaction dated 10/01/2025 on Form 4. The filing shows a disposition of 3,627 shares of HubSpot common stock at a price of $440.25. After the transaction the filing reports 58,664 shares beneficially owned directly and 8,170 shares held indirectly in the KK 2024 GRAT dated March 1, 2024, for which Yamini is trustee. The filing explains the 3,627 shares were shares withheld by the issuer to cover taxes upon settlement of restricted stock units. The form is signed by attorney-in-fact Joseph Theis with a signature date of 10/03/2025.

Positive

• Transaction explicitly labeled as tax withholding from settled restricted stock units, clarifying purpose
• Indirect holdings disclosed via the KK 2024 GRAT dated March 1, 2024, improving ownership transparency
• Exact post-transaction holdings provided: 58,664 direct and 8,170 indirect shares

Negative

• Disposition of 3,627 shares reduced direct beneficial ownership
• Sale price recorded at $440.25 reflects the economic terms of the disposal

Insights

Insider Transactions Analyst

TL;DR: CEO reported a tax-withholding disposal of 3,627 shares at $440.25 on 10/01/2025.

The Form 4 discloses a disposition labeled as withholding to cover taxes on settled restricted stock units; the specific number of shares and price are provided, which clarifies the transaction type and economic effect.

This is a mechanical, non-trading disposal tied to compensation settlement rather than an open-market sale according to the filing's explanation.

Corporate Governance Expert

TL;DR: The filing identifies Yamini as CEO, President and Director and discloses indirect holdings via a GRAT.

The report lists both direct ownership of 58,664 shares and indirect ownership of 8,170 shares through the KK 2024 GRAT dated March 1, 2024. That clarifies the reporting person’s control profile and beneficial ownership structure.

The filing also includes an explicit explanation that withholding was used to cover taxes on RSUs, which is a governance-relevant disclosure about compensation settlement mechanics.

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

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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).

1. Name and Address of Reporting Person^*

Rangan Yamini

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer & Pres

3. Date of Earliest Transaction (Month/Day/Year)
10/01/2025

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	10/01/2025		F(1)		3,627	D	$440.25	58,664	D
Common Stock								8,170	I	See Footnote.(2)

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.

2. Shares held by the KK 2024 GRAT Grantor Retained Annuity Trust dated March 1, 2024 for which the Reporting Person is the trustee.

	/s/ Joseph Theis, attorney-in-fact	10/03/2025
	** 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 did HubSpot CEO Rangan Yamini report on Form 4 (HUBS)?

The Form 4 reports a disposition of 3,627 shares on 10/01/2025 at $440.25, described as shares withheld to cover taxes from settled restricted stock units.

How many HubSpot shares does Rangan Yamini own after the transaction?

The filing shows 58,664 shares beneficially owned directly following the reported transaction and 8,170 held indirectly in the KK 2024 GRAT.

What is the nature of the indirect holdings disclosed by Yamini?

Indirect holdings consist of 8,170 shares held by the KK 2024 GRAT Grantor Retained Annuity Trust dated March 1, 2024, for which Yamini is trustee.

Why were the 3,627 shares disposed of according to the Form 4?

The filing states the 3,627 shares were withheld by the issuer to cover taxes associated with the settlement of restricted stock units.

Who signed the Form 4 for Rangan Yamini and when?

The Form 4 is signed by attorney-in-fact Joseph Theis with a signature date of 10/03/2025.

What transaction date is listed on the Form 4?

The transaction date shown on the Form 4 is 10/01/2025.