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 common stock and adjustments to his beneficial ownership.
Summary
- On April 1, 2024, Dharmesh Shah, the Chief Technology Officer of HubSpot, engaged in a transaction involving the company's common stock.
- 658 shares were withheld by the issuer to cover taxes associated with the settlement of restricted stock units at a price of $636.85.
- Following the reported transaction, Shah directly owns 1,400,712 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.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves a small number of shares withheld for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of the stock transaction where shares were withheld for tax purposes. |
| 04/03/2024 | Date of signature for the report. |
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