secwatch.observer — SEC 8-K summary
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Issuer:     HUBSPOT INC (HUBS)
CIK:        0001404655
Form:       8-K
Filed at:   2025-04-11T23:59:59+00:00
Accession:  0000950170-25-053284
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HubSpot adopts Executive Severance Plan for CEO and named executives
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- Plan covers CEO and named executives (excluding Halligan and Shah) for qualifying terminations outside and during Change in Control.
- Outside Change in Control: severance equals base salary plus pro-rated target bonus paid over 12 months; CEO gets 12-month equity vesting acceleration.
- During Change in Control: lump sum; CEO gets 1.5x base salary + bonus, 18 months COBRA, full equity vesting; others get base salary + bonus, 12 months COBRA, full vesting.
- Plan effective April 10, 2025, terminates April 10, 2028 unless extended.
- Severance conditioned on release, confidentiality, non-disparagement, and possible one-year non-compete.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1404655/000095017025053284/0000950170-25-053284-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1404655/000095017025053284/hubs-20250410.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-053284

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer