4/A: HubSpot Executive Yamini Rangan Corrects Stock Option Price in Amended SEC Filing
SEC Filing Amendment
Yamini Rangan, HubSpot's CEO & President, files an amendment to a previous SEC Form 4 to correct the reported price of a stock option.
Summary
- Yamini Rangan, Chief Executive Officer & President of HubSpot Inc., filed an amended Form 4 with the SEC.
- The amendment corrects the price reported for a stock option in Table II of the original Form 4 filed on January 10, 2020.
- All other information in the original filing remains correct.
- The stock option, granting the right to buy 10,405 shares of common stock, was granted on January 8, 2020, with an exercise price of $0.00.
- The option vests over four years, with 25% vesting on January 1, 2021, and the remaining 75% vesting quarterly thereafter.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing correcting a minor error. It doesn't indicate any significant positive or negative developments for the company.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies like HubSpot. It provides transparency to investors regarding the holdings and transactions of company insiders.
Stakeholder Impact
- The correction of the stock option price ensures accurate information is available to shareholders regarding executive compensation.
Key Dates
| Date | Description |
|---|---|
| 01/08/2020 | Date of the stock option grant. |
| 01/10/2020 | Date of original Form 4 filing. |
| 01/01/2021 | Date when 25% of the stock option vested. |
| 08/19/2024 | Date of the amended Form 4/A filing. |
| 01/08/2030 | Expiration date of the stock option. |
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