Statement of Changes in Beneficial Ownership (Form 4)

Ownership Submission

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

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., 2 CANAL PARK 3. Date of Earliest Transaction (Month/Day/Year) 12/10/2024 (Street) CAMBRIDGE, MA 02141 4. If Amendment, Date Original Filed (Month/Day/Year) 6. Individual or Joint/Group Filing (Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction 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 12/10/2024 S(1) 1,116 D $711.91(2) 1,322,029 D Common Stock 12/10/2024 S(1) 448 D $713.41(3) 1,321,581 D Common Stock 12/10/2024 S(1) 510 D $714.21(4) 1,321,071 D Common Stock 12/10/2024 S(1) 1,217 D $715.76(5) 1,319,854 D Common Stock 12/10/2024 S(1) 882 D $717.04(6) 1,318,972 D Common Stock 12/10/2024 S(1) 618 D $718.90(7) 1,318,354 D Common Stock 12/10/2024 S(1) 2,010 D $719.87(8) 1,316,344 D Common Stock 12/10/2024 S(1) 800 D $720.80(9) 1,315,544 D Common Stock 12/10/2024 S(1) 900 D $723.45(10) 1,314,644 D Common Stock 12/10/2024 S(1) 1,500 D $726.32(11) 1,313,144 D Common Stock 12/10/2024 S(1) 300 D $727.06(12) 1,312,844 D Common Stock 12/10/2024 S(1) 900 D $728.43(13) 1,311,944 D Common Stock 12/10/2024 S(1) 1,600 D $729.16(14) 1,310,344 D Common Stock 12/10/2024 S(1) 1,200 D $730.31(15) 1,309,144 D Common Stock 12/10/2024 S(1) 1,604 D $731.38(16) 1,307,540 D Common Stock 12/10/2024 S(1) 2,469 D $732.35(17) 1,305,071 D Common Stock 12/10/2024 S(1) 106 D $732.99(18) 1,304,965 D Common Stock 12/10/2024 S(1) 500 D $734.43(19) 1,304,465 D Common Stock 12/10/2024 S(1) 1,712 D $735.75(20) 1,302,753 D Common Stock 12/10/2024 S(1) 2,408 D $736.63(21) 1,300,345 D Common Stock 12/10/2024 S(1) 300 D $737.78(22) 1,300,045 D Common Stock 12/10/2024 S(1) 1,100 D $738.89(23) 1,298,945 D Common Stock 12/10/2024 S(1) 700 D $740.17(24) 1,298,245 D Common Stock 12/10/2024 S(1) 100 D $741.08 1,298,145 D Common Stock 12/11/2024 G 1,068(25) D $ 0 1,297,077 D Common Stock 16,000 I See Footnote.(26) Common Stock 11,000 I See Footnote.(27)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction 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 (Month/Day/Year)	7. Title and Amount of Underlying Securities (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

Reporting Owners

Reporting Owner Name / Address	Relationships
Director	10% Owner	Officer	Other
Shah Dharmesh C/O HUBSPOT, INC. 2 CANAL PARK CAMBRIDGE, MA 02141	X		Chief Technology Officer

Signatures

/s/ Alyssa Harvey Dawson, attorney-in-fact	12/12/2024
**Signature of Reporting Person	Date

Explanation of Responses:

*	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).
(1)	This transaction reported on this Form 4 was effected pursuant to a 10b5-1 trading plan adopted on 8/16/2024.
(2)	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $711.50 to $712.47, inclusive.
(3)	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $713.00 to $713.84, inclusive.
(4)	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $714.05 to $714.58, inclusive.
(5)	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $715.51 to $716.27, inclusive.
(6)	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $716.51 to $717.48, inclusive.
(7)	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $718.48 to $719.38, inclusive.
(8)	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $719.65 to $720.41, inclusive.
(9)	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $720.80 to $720.81, inclusive.
(10)	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $722.91 to $723.78, inclusive.
(11)	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $725.65 to $726.55, inclusive.
(12)	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $726.77 to $727.65, inclusive.
(13)	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $727.84 to $728.67, inclusive.
(14)	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $728.87 to $729.81, inclusive.
(15)	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $729.88 to $730.70, inclusive.
(16)	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $730.94 to $731.91, inclusive.
(17)	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $731.98 to $732.92, inclusive.
(18)	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $732.99 to $733.00, inclusive.
(19)	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $734.07 to $734.84, inclusive.
(20)	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $735.24 to $736.14, inclusive.
(21)	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $736.27 to $737.00, inclusive.
(22)	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $737.52 to $737.93, inclusive.
(23)	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $738.66 to $739.18, inclusive.
(24)	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $739.72 to $740.56, 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 (24) herein.
(25)	Represents shares of the Issuer's common stock donated as a gift by the reporting person to the Humani Foundation, a charitable foundation. The reporting person is deemed to have voting and investment power over the shares of the Issuer's common stock held by the Humani Foundation, but has no pecuniary interest in these shares.
(26)	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.
(27)	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.

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