NORRINGTON LORRIE M 4

What Happened

• Lorrie M. Norrington, a director of HubSpot, was granted 1,211 restricted stock units (RSUs) on 2026-06-16. The Form 4 reports the acquisition as 1,211 shares at $0.00 (transaction code A — award/grant).
• This was an equity award (not an open-market purchase or sale). The filing records no cash paid for the award; RSUs represent a contingent right to receive shares in the future upon vesting.

Key Details

• Transaction date and price: 2026-06-16; 1,211 RSUs; $0.00 per share (award).
• Shares owned after transaction: Not specified in the information provided in this summary/filing excerpt.
• Footnote: The RSUs were granted under the Company’s 2024 Stock Option and Incentive Plan. Each RSU equals one share and will vest in equal quarterly installments over one year from the grant date, with the final installment vesting on the first anniversary (or earlier, immediately prior to HubSpot’s 2027 annual meeting).
• Filing timeliness: Report period 2026-06-16, Form filed 2026-06-17 — appears timely (filed the next day).
• Transaction code: A (award/grant). No 10b5-1 plan, tax-withholding, or sale reported in the provided notes.

Context

• RSU grants are common compensation for directors and executives; they are not open-market purchases and do not, by themselves, indicate buying or selling sentiment.
• After vesting, the RSUs convert to shares (subject to plan and any withholding). Retail investors typically view outright purchases as stronger signals than grants, which are routine compensation.