[Form 4] HUBSPOT, INC. Insider Trading Activity

Rhea-AI Filing Summary

Rangan Yamini, HubSpot (HUBS) director and Chief Executive Officer & President, reported an internal disposition on 09/02/2025. The filing shows 1,150 shares of common stock were disposed under code F(1) at a reported price of $471.54; the explanation states these shares were withheld by the issuer to cover taxes on settlement of restricted stock units. After the transaction, the reporting person directly beneficially owns 62,768 shares and indirectly owns 8,170 shares held in the KK 2024 GRAT dated March 1, 2024 for which Ms. Yamini is trustee. The Form 4 was signed on behalf of the reporting person by an attorney-in-fact on 09/04/2025.

Insights

Corporate Governance Expert

TL;DR: A routine tax-withholding disposition by the CEO/trustee, leaving substantial direct and indirect holdings.

The reported disposition of 1,150 shares appears to be a standard withholding to satisfy tax obligations arising from vested restricted stock units, not an open-market sale. The reporting person maintains material ownership with 62,768 shares directly and 8,170 indirectly via a grantor retained annuity trust, which supports continued alignment with shareholders. Documentation identifies the trust and the trustee relationship, providing clarity on indirect holdings.

Securities Analyst

TL;DR: The transaction is tax-related and limited in size relative to total holdings; not a material market event.

The form discloses a single transaction executed under code F(1) for 1,150 shares at $471.54 described as shares withheld for taxes. Given the remaining direct ownership of 62,768 shares and an additional 8,170 held in a trust, this isolated withholding is unlikely to change control or signal a broader insider selling trend. The filing contains clear attribution and a dated signature by an attorney-in-fact.

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

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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^*

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)
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)		1,150	D	$471.54	62,768	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	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 did HubSpot insider Rangan Yamini report on Form 4 (HUBS)?

The Form 4 reports a disposition of 1,150 shares on 09/02/2025 at $471.54, withheld by the issuer to cover taxes on vested RSUs.

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

After the transaction, Ms. Yamini directly beneficially owns 62,768 shares and indirectly owns 8,170 shares held in the KK 2024 GRAT.

Why were the 1,150 shares disposed according to the Form 4?

The filing explains the shares were withheld by the issuer to cover taxes associated with settlement of restricted stock units.

What is the nature of the indirect ownership disclosed?

The indirect ownership of 8,170 shares is held by the KK 2024 GRAT Grantor Retained Annuity Trust dated March 1, 2024, for which the reporting person is trustee.

When was the Form 4 signed and by whom?

The filing shows a signature by Joseph Theis, attorney-in-fact on 09/04/2025.