Halligan Brian 4

What Happened

• Brian Halligan, a director of HubSpot Inc. (HUBS), reported gifting a total of 102,000 shares of HubSpot common stock (101,973 shares on Mar 9, 2026; 27 shares on Mar 10, 2026) to Wolf Investors, LLC. Each transfer is reported as a gift (transaction code G) with no cash consideration (price reported $0.00).
• The filing notes the manager of Wolf Investors, LLC is Paul Karger and that Halligan is the LLC’s sole member. Halligan disclaims Section 16 beneficial ownership of the transferred shares except to the extent of any pecuniary interest.

Key Details

• Transaction dates and type: Mar 9, 2026 — gift of 101,973 shares; Mar 10, 2026 — gift of 27 shares. Both reported as G (gift) at $0.00 per share.
• Total shares transferred: 102,000 shares; total cash value reported: $0.
• Recipient: Wolf Investors, LLC (manager: Paul Karger; sole member: Brian Halligan).
• Filing: Form 4 filed Mar 11, 2026 (covers Mar 9–10 transactions); filing appears timely under the two‑business‑day requirement.
• Footnote disclosure: Halligan disclaims beneficial ownership for Section 16 purposes except for any pecuniary interest; the filing explicitly states the transfers were contributions to the LLC for no value.

Context

• Gifts (code G) are not purchases or sales and generally do not signal the same market sentiment as open‑market buys or sells; they are often used for estate, tax or personal planning or to retitle holdings. Because the recipient is Halligan’s single‑member LLC and he disclaims Section 16 ownership, the transfers may change reporting/holding structure without indicating a market view.