Form 4: HubSpot's Chief Technology Officer, Dharmesh Shah, Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Dharmesh Shah, Chief Technology Officer of HubSpot, reports a transaction involving the withholding of shares to cover taxes associated with the settlement of restricted stock units.
Summary
- On September 3, 2024, Dharmesh Shah, the Chief Technology Officer of HubSpot, reported a change in beneficial ownership of HubSpot stock.
- The transaction involved the withholding of 125 shares of common stock at a price of $495.76 to cover taxes associated with the settlement of restricted stock units.
- Following the transaction, Shah directly owns 1,348,804 shares of common stock.
- Shah also indirectly owns 16,000 shares through the Polaris I Trust and 11,000 shares through the Polaris II Trust, for which he serves as trustee, but disclaims beneficial ownership beyond his pecuniary interest.
- The report was filed on September 5, 2024, by Alyssa Harvey Dawson, attorney-in-fact.
Sentiment
Score: 5
Explanation: This is a neutral filing related to standard executive compensation practices. It doesn't indicate any positive or negative sentiment.
Industry Context
This is a routine SEC filing related to changes in beneficial ownership by a company insider. It is a common occurrence for executives to have shares withheld to cover taxes when restricted stock units vest.
Key Dates
| Date | Description |
|---|---|
| 09/03/2024 | Date of the stock transaction (withholding of shares for tax purposes). |
| 09/05/2024 | Date the Form 4 was filed. |
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