T. Rowe Price (NYSE: HUBS) Reports 5.31M-Share Stake in HubSpot

Rhea-AI Filing Summary

HubSpot Inc. reported a Schedule 13G/A showing institutional ownership by T. Rowe Price Associates, Inc. The filing lists 5,313,859 shares beneficially owned, representing 10.1% of the class as of 02/28/2026. The filing states sole voting power of 5,173,049 shares and sole dispositive power of 5,313,161 shares. The filing is signed by a T. Rowe Price officer on 03/06/2026.

Insights

Institutional Ownership Analyst

Large passive stake reported: 5,313,859 shares (10.1%).

The filing documents an institutional holding of 5,313,859 shares, equal to 10.1% of HubSpot's common stock as of 02/28/2026. Voting and dispositive figures are reported separately: sole voting power 5,173,049 and sole dispositive power 5,313,161.

As a Schedule 13G/A, this typically signals passive or investment-manager reporting; subsequent disclosures would show any change in status or strategy. Further updates in periodic filings would clarify shifts in percentage or voting intent.

Corporate Governance Specialist

Filing clarifies control metrics rather than corporate action.

The statement affirms amount beneficially owned and details voting/dispositive powers, with an explicit denial of constructive beneficial ownership language included in the signature block. That language is a common legal precaution in institutional filings.

Monitor future amendments or Form 13D if the holder's intent changes, as a conversion from passive to active status would require different disclosure.

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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 3)

HUBSPOT INC

(Name of Issuer)

COMMON STOCK

(Title of Class of Securities)

02/28/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP Number(s):

1

Names of Reporting Persons

T. Rowe Price Associates, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

MARYLAND

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 5,173,049.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 5,313,161.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

5,313,859.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

10.1 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: HUBSPOT INC
(b)	Address of issuer's principal executive offices: 2 CANAL PARK, CAMBRIDGE, MA, 02141
Item 2.
(a)	Name of person filing: T. Rowe Price Associates, Inc.
(b)	Address or principal business office or, if none, residence: 1307 Point Street, Baltimore, MD 21231
(c)	Citizenship: Maryland
(d)	Title of class of securities: COMMON STOCK
(e)	CUSIP No.: 443573100
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 5313859
(b)	Percent of class: 10.1 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 5173049
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 5313161
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. T. Rowe Price Associates, Inc. hereby declares and affirms that the filing of Schedule 13G shall not be construed as an admission that Price Associates is the beneficial owner of the securities referred to, which beneficial ownership is expressly denied.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

T. Rowe Price Associates, Inc.

Signature:	Ellen York
Name/Title:	Vice President
Date:	03/06/2026

FAQ

What stake does T. Rowe Price report in HUBS?

T. Rowe Price reports beneficial ownership of 5,313,859 shares, representing 10.1% of HubSpot's common stock as of 02/28/2026. The filing lists voting and dispositive powers alongside the ownership total.

Does the Schedule 13G/A indicate active control by T. Rowe Price in HUBS?

No; the filing is a Schedule 13G/A, typically used by passive investors. It lists voting and dispositive powers but does not state an active intent or control change; no Form 13D-level activism is indicated in the excerpt.

What voting and disposition powers are reported for HUBS shares?

The filing shows sole voting power of 5,173,049 shares and sole dispositive power of 5,313,161. Shared voting and dispositive powers are reported as zero in the provided excerpt.

What dates are tied to the HUBS ownership figures?

The ownership figures are reported as of 02/28/2026, and the filing was signed on 03/06/2026. Those dates anchor the reported share counts and the signing of the amendment.

Who signed the Schedule 13G/A for HUBS on behalf of T. Rowe Price?

The filing is signed by Ellen York, listed as Vice President, representing T. Rowe Price Associates, Inc., with the signature date of 03/06/2026.