4/A: HubSpot Director Caldwell Amends SEC Filing to Correct Stock Option Prices

Nick V. Caldwell, a director at HubSpot, filed an amendment to a previous SEC Form 4 to correct the reported prices of stock options granted in 2021 and 2023.

Summary

• Nick V. Caldwell, a director of HubSpot Inc., filed an amended Form 4 with the SEC.
• The amendment corrects the prices reported for stock options in Table II of the original Form 4 filings from June 7, 2021, and June 7, 2023.
• The corrected stock option prices are $472.71 for options granted on June 3, 2021, and $528.59 for options granted on June 5, 2023.
• The director acquired 242 stock options at $472.71 on June 3, 2021, which vested on June 3, 2022.
• The director acquired 204 stock options at $528.59 on June 5, 2023, which vested on June 5, 2024.
• All other information in the original Form 4 filings remains correct.

Sentiment

Score: 7

Explanation: The document is a routine correction of a regulatory filing, indicating standard corporate governance practices. The correction of the stock option prices suggests attention to detail and compliance, which is viewed neutrally to positively.

Industry Context

This filing is a routine disclosure related to stock option grants and vesting for a company director, which is common practice in publicly traded companies like HubSpot.

Comparison to Industry Standards

• Stock option grants are a common form of compensation for directors and executives in the tech industry.
• Companies like Salesforce, Adobe, and Workday also utilize stock options as part of their compensation packages.
• The vesting schedules and exercise prices are generally aligned with industry standards to incentivize long-term performance and retention.

Stakeholder Impact

• The correction of stock option prices ensures transparency for shareholders.
• Accurate reporting of executive compensation is important for maintaining investor confidence.

Key Dates