Dharmesh Shah - Feb 16, 2024 Form 4 Insider Report for HUBSPOT INC (HUBS)

Role
Chief Technology Officer, Director
Signature
/s/ Alyssa Harvey Dawson, attorney-in-fact
Stock symbol
HUBS
Transactions as of
Feb 16, 2024
Transactions value $
-$566,333
Form type
4
Date filed
2/20/2024, 09:40 PM
Previous filing
Jan 8, 2024
Next filing
Mar 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HUBS Common Stock Award $0 +6.21K +0.45% $0.00 1.4M Feb 16, 2024 Direct F1
transaction HUBS Common Stock Tax liability -$566K -930 -0.07% $608.96 1.4M Feb 16, 2024 Direct F2
holding HUBS Common Stock 16K Feb 16, 2024 See footnote. F3
holding HUBS Common Stock 11K Feb 16, 2024 See footnote. F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares underlying performance-based restricted stock units ("PSUs") granted on March 1, 2023. One-third of the PSUs vested following the Compensation Committee's certification on February 16, 2024 of applicable financial performance results for the fiscal year ended December 31, 2023. The remaining two-thirds of these PSUs vest in eight equal quarterly installments over the next two years, subject to the Reporting Person's continued employment with the Issuer on each such vesting date. The PSUs were awarded under the Issuer's 2014 Stock Option and Incentive Plan, as amended.
F2 Shares withheld by Issuer to cover taxes associated with settlement of PSUs.
F3 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.
F4 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.