FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
 OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response... 0.5
                      
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                       
1. Name and Address of Reporting Person * Shah Dharmesh 2. Issuer Name and Ticker or Trading Symbol HUBSPOT INC [ HUBS ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)__X__ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
Chief Technology Officer
(Last)          (First)          (Middle)
C/O HUBSPOT, INC., 25 FIRST STREET, 2ND FLOOR		 3. Date of Earliest Transaction (MM/DD/YYYY)
2/17/2023
(Street)
CAMBRIDGE, MA 02141
(City)        (State)        (Zip)
 4. If Amendment, Date Original Filed (MM/DD/YYYY)
 
 6. Individual or Joint/Group Filing (Check Applicable Line) _X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock  2/17/2023    S(1)    4084  D $400.43 (2) 1455332  D   
Common Stock  2/17/2023    S(1)    3244  D $401.44 (3) 1452088  D   
Common Stock  2/17/2023    S(1)    2088  D $402.37 (4) 1450000  D   
Common Stock  2/17/2023    S(1)    1200  D $403.82 (5) 1448800  D   
Common Stock  2/17/2023    S(1)    2374  D $404.83 (6) 1446426  D   
Common Stock  2/17/2023    S(1)    2290  D $405.88 (7) 1444136  D   
Common Stock  2/17/2023    S(1)    1100  D $406.67 (8) 1443036  D   
Common Stock  2/17/2023    S(1)    1100  D $407.82 (9) 1441936  D   
Common Stock  2/17/2023    S(1)    1020  D $408.68 (10) 1440916  D   
Common Stock  2/17/2023    S(1)    1100  D $410.05 (11) 1439816  D   
Common Stock  2/17/2023    S(1)    600  D $411.54 (12) 1439216  D   
Common Stock  2/17/2023    S(1)    900  D $412.10 (13) 1438316  D   
Common Stock  2/17/2023    S(1)    800  D $413.37 (14) 1437516  D   
Common Stock  2/17/2023    S(1)    100  D $413.99  1437416  D   
Common Stock                 16000  I  See footnote. (15)
Common Stock                 26000  I  See footnote. (16)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Explanation of Responses:
(1)  This transaction was effected pursuant to a written trading plan adopted by the Reporting Person in accordance with Rule 10b5-1.
(2)  The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $400.00 to $400.99, inclusive.
(3)  The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $401.00 to $401.94, inclusive.
(4)  The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $402.02 to $402.80, inclusive.
(5)  The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $403.19 to $404.02, inclusive.
(6)  The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $404.30 to $405.20, inclusive.
(7)  The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $405.40 to $406.25, inclusive.
(8)  The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $406.47 to $407.08, inclusive.
(9)  The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $407.49 to $408.16, inclusive.
(10)  The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $408.51 to $409.28, inclusive.
(11)  The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $409.55 to $410.54, inclusive.
(12)  The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $410.84 to $411.79, inclusive.
(13)  The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $411.84 to $412.48, inclusive.
(14)  The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $412.88 to $413.85, inclusive. The reporting person undertakes to provide to HubSpot, Inc., any security holder of HubSpot, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (2) through (14) herein.
(15)  Shares held by the Polaris I Trust, for which Dharmesh Shah serves as trustee. The reporting person disclaims beneficial ownership of these securities in excess of his pecuniary interest therein, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
(16)  Shares held by the Polaris II Trust, for which Dharmesh Shah serves as trustee. The reporting person disclaims beneficial ownership of these securities in excess of his pecuniary interest therein, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Shah Dharmesh
C/O HUBSPOT, INC.
25 FIRST STREET, 2ND FLOOR
CAMBRIDGE, MA 02141		 X
Chief Technology Officer

Signatures
/s/ Marissa Donovan, attorney-in-fact 2/21/2023
**Signature of Reporting Person Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
HubSpot (NYSE:HUBS)
Historical Stock Chart
Von Mai 2023 bis Jun 2023 Click Here for more HubSpot Charts.
HubSpot (NYSE:HUBS)
Historical Stock Chart
Von Jun 2022 bis Jun 2023 Click Here for more HubSpot Charts.