Dharmesh Shah - 12 Dec 2025 Form 4 Insider Report for HUBSPOT INC (HUBS)

Role: Chief Technology Officer, Director
Signature: /s/ Joseph Theis, attorney-in-fact
Issuer symbol: HUBS
Transactions as of: 12 Dec 2025
Net transactions value: +$811,394
Form type: 4
Filing time: 16 Dec 2025, 16:08:29 UTC
Previous filing: 03 Dec 2025
Next filing: 06 Jan 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Shah Dharmesh	Chief Technology Officer, Director	C/O HUBSPOT, INC., 2 CANAL PARK, CAMBRIDGE	/s/ Joseph Theis, attorney-in-fact	16 Dec 2025	0001620814

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HUBS	Common Stock	Options Exercise	$811,394	+19,990	+1.6%	$40.59	1,290,144	12 Dec 2025	Direct
transaction	HUBS	Common Stock	Gift	$0	-15,464	-1.2%	$0.000000	1,274,680	12 Dec 2025	Direct	F1
holding	HUBS	Common Stock						16,000	12 Dec 2025	See Footnote.	F2
holding	HUBS	Common Stock						11,000	12 Dec 2025	See Footnote.	F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	HUBS	Stock Option (right to buy)	Options Exercise	$0	-19,990	-100%	$0.000000	0	12 Dec 2025	Common Stock	19,990	$40.59	Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents shares of the Issuer's common stock donated as a gift by the reporting person to the Humani Foundation, a charitable foundation. The reporting person is deemed to have voting and investment power over the shares of the Issuer's common stock held by the Humani Foundation, but has no pecuniary interest in these shares.
F2	Shares held by the Polaris I Trust, for which Dharmesh Shah serves as trustee. The reporting person disclaims beneficial ownership of these securities in excess of his pecuniary interest therein, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
F3	Shares held by the Polaris II Trust, for which Dharmesh Shah serves as trustee. The reporting person disclaims beneficial ownership of these securities in excess of his pecuniary interest therein, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
F4	This stock option is fully vested.