T. Rowe Price Holds 8.7% of HubSpot (NASDAQ: HUBS)

Rhea-AI Filing Summary

T. Rowe Price Associates, Inc. reports beneficial ownership of 4,612,616 shares of HubSpot Inc. The filing (Schedule 13G/A amendment) shows 4,612,616 shares, representing 8.7% of the class, with sole voting power over 4,475,148 shares and sole dispositive power over 4,612,616 shares as reported as of 03/31/2026. The filing is signed by Ellen York, Vice President, on 05/15/2026. The filing includes a statement denying that the filer is the beneficial owner in the conventional sense.

Insights

Institutional Ownership Analyst

T. Rowe Price holds an 8.7% stake in HubSpot, disclosed via a Schedule 13G/A.

The filing lists 4,612,616 shares (8.7%) and shows voting and dispositive power figures: sole voting power 4,475,148 and sole dispositive power 4,612,616 as of 03/31/2026. This identifies T. Rowe Price as a significant institutional holder under beneficial-ownership rules.

Holding size and disclosed powers matter for potential engagement or proxy dynamics; subsequent filings or Form 13D would indicate active intent. Further filings may clarify any intent to influence governance.

Corporate Governance Counsel

The Schedule 13G/A is a passive-holder disclosure with a conditional ownership affirmation.

The document is an amendment to a Schedule 13G, showing the filer’s reported ownership and a formal statement disclaiming beneficial ownership characterization. Signature dated 05/15/2026 provides the attestation date for the amendment.

Under securities rules, this filing communicates a sizable passive stake; any change in intent or increased involvement would typically trigger a different disclosure form. Watch for future amendments or different form types for changes in intent.

Key Figures

Reported beneficial ownership: 4,612,616 shares Percent of class: 8.7% Sole voting power: 4,475,148 shares +2 more

5 metrics

Reported beneficial ownership 4,612,616 shares as of 03/31/2026

Percent of class 8.7% reported on Schedule 13G/A

Sole voting power 4,475,148 shares as of 03/31/2026

Sole dispositive power 4,612,616 shares as of 03/31/2026

Filing signature date 05/15/2026 signed by Ellen York, Vice President

Key Terms

Schedule 13G/A, beneficial ownership, sole dispositive power

3 terms

Schedule 13G/A regulatory

"Amendment No. 4 to Schedule 13G/A disclosure filing"

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

beneficial ownership regulatory

"Amount beneficially owned: 4612616; Percent of class: 8.7%"

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.

sole dispositive power regulatory

"Sole power to dispose or to direct the disposition of: 4612616"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 4)

HUBSPOT INC

(Name of Issuer)

COMMON STOCK

(Title of Class of Securities)

443573100

(CUSIP Number)

03/31/2026

(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)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 443573100

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 4,475,148.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 4,612,616.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

4,612,616.00

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)

8.7 %

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: 4612616
(b)	Percent of class: 8.7 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 4475148
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 4612616
	(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:	05/15/2026

FAQ

What stake does T. Rowe Price report in HubSpot (HUBS)?

T. Rowe Price reports beneficial ownership of 4,612,616 shares, equal to 8.7% of HubSpot common stock as reported 03/31/2026. The Schedule 13G/A amendment records voting and dispositive power figures and is signed 05/15/2026.

What voting and dispositive powers does T. Rowe Price report for HUBS?

The filer reports sole voting power over 4,475,148 shares and sole dispositive power over 4,612,616 shares as of 03/31/2026. Shared voting or dispositive power is reported as 0.

Does the filing say T. Rowe Price is the beneficial owner of HUBS shares?

The filing includes a statement where T. Rowe Price expressly denies beneficial ownership

When was the Schedule 13G/A amendment for HUBS signed?

The amendment is signed by Ellen York, Vice President of T. Rowe Price Associates, Inc., on 05/15/2026, with the ownership figures stated as of 03/31/2026.