Yamini Rangan - Mar 1, 2024 Form 4 Insider Report for HUBSPOT INC (HUBS)

Signature
/s/ Alyssa Harvey Dawson, attorney-in-fact
Stock symbol
HUBS
Transactions as of
Mar 1, 2024
Transactions value $
-$5,617,432
Form type
4
Date filed
3/5/2024, 06:07 PM
Previous filing
Feb 20, 2024
Next filing
Mar 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HUBS Common Stock Tax liability -$77.3K -122 -0.15% $633.80 79.8K Mar 1, 2024 Direct F1
transaction HUBS Common Stock Award $0 +18.7K +23.66% $0.00 97.8K Mar 1, 2024 Direct F2
transaction HUBS Common Stock Sale -$5.47M -8.82K -9.02% $620.00 89K Mar 1, 2024 Direct F3
transaction HUBS Common Stock Sale -$73.6K -116 -0.13% $634.21 88.9K Mar 4, 2024 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

Explanation of Responses:

Id Content
F1 Shares withheld by Issuer to cover taxes associated with settlement of restricted stock units.
F2 These shares were acquired pursuant to a restricted stock unit award under the Company's 2014 Stock Option and Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of the Company's Common Stock. The restricted stock units will vest over 4 years beginning on March 1, 2024, at a rate of 6.25% vesting every three months.
F3 This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 1, 2023.