FISHER ERIKA ASHLEY 4

What Happened Erika Ashley Fisher, HubSpot's Chief Legal Officer, sold a total of 1,430 shares in two open‑market transactions on Feb 3–4, 2026. The first sale was 589 shares at $251.88 ($148,357) on Feb 3, 2026; the second was 841 shares at $238.01 ($200,166) on Feb 4, 2026. These were sales (not purchases) and generated roughly $348,523 in proceeds. The filing indicates the shares were sold to cover taxes tied to the settlement of restricted stock units.

Key Details

• Transaction dates/prices: 2026-02-03 — 589 shares @ $251.88 ($148,357); 2026-02-04 — 841 shares @ $238.01 ($200,166).
• Total shares sold: 1,430; total proceeds: ≈ $348,523.
• Footnotes: sales were to cover taxes on settled RSUs (tax withholding); the filing notes the transaction was effected pursuant to a 10b5‑1 trading plan adopted 9/2/2025.
• Shares owned after transaction: not specified in the provided excerpt (see the Form 4 for current holdings).
• Filing timeliness: Form 4 filed 2026-02-05; filing is not marked late.

Context These sales appear to be routine tax‑withholding transactions tied to RSU settlement rather than discretionary open‑market divestitures. The presence of a 10b5‑1 plan (pre‑arranged trading plan) further indicates the sale was executed under pre-established parameters. For retail investors, purchases can signal stronger insider conviction; tax withholding sales like this are common and don’t necessarily indicate a change in an insider’s view of the company.