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 April 1, 2025, Dharmesh Shah, the Chief Technology Officer of HubSpot, reported a change in beneficial ownership of HubSpot's common stock.
- The transaction involved the withholding of 679 shares by HubSpot to cover taxes associated with the settlement of restricted stock units at a price of $582.02 per share.
- Following the transaction, Shah directly owns 1,294,188 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: The document is a routine regulatory filing, so the sentiment is neutral.
Industry Context
This is a standard SEC filing related to changes in beneficial ownership by a company insider. It is a routine part of regulatory compliance for publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 04/01/2025 | Date of transaction involving the withholding of shares for tax purposes. |
| 04/03/2025 | Date of signature for the Form 4 filing. |
Keywords
beneficial ownership, Dharmesh Shah, HubSpot, Form 4, CTO, shares, stock, Polaris Trust, restricted stock units, taxes
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