Item 8.01. Other Events.
On January 26, 2022, the Board of Directors of HubSpot, Inc. (the "Company")
approved an amendment (the "Amendment") to the HubSpot, Inc. 2014 Stock Option
and Incentive Plan (the "Plan") to eliminate, on a prospective basis, the
"evergreen" provision of the Plan, which provided for automatic annual
cumulative increases in the number of shares of the Company's common stock, par
value $0.001 per share (the "Common Stock"), available for issuance under the
Plan. The final "evergreen" increase under the Plan was effective as of January
1, 2022 (the "2022 Evergreen Increase"), and the Company expects to file a
Registration Statement on Form S-8 on or about February 15, 2022 with respect to
the 2022 Evergreen Increase. As a result of the Amendment, no additional
"evergreen" increases will occur under the Plan after the 2022 Evergreen
Increase. As of the date of this Current Report on Form 8-K, 10,899,744 shares
of Common Stock were available for future issuance under the Plan, as amended,
after giving effect to the 2022 Evergreen Increase.
A copy of the Amendment is filed as Exhibit 99.1 to this Current Report on Form
8-K and is incorporated herein by reference, and the foregoing summary is
qualified in its entirety by reference to the full text of the Amendment.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. Description
99.1 Amendment No. 1 to HubSpot, Inc. 2014 Stock Option and Incentive Plan
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
ACTIVE/114412557.3
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