Home / Restatements / Hub Group, Inc.

5/5Hub Group, Inc. (HUBG): Non-reliance / restatement

Filed 2026-02-05 路 Form 8-K 路 Accession 0001193125-26-039396 mid

Market data

Price before filing: $52 (2026-02-04 close, split/dividend-adjusted)
Market cap at flag: $3.08B (2026-02-05) 路 Latest: $1.59B (2026-10-16)

What happened next

WindowHUBGSPYvs SPY
30 days-25.8%-1.2%-24.6%2026-03-09
90 days-17.4%+7.2%-24.6%2026-05-06
180 days-8.6%+13.0%-21.6%2026-08-04

Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.

Insider trading around this filing

90 days before the flag: 1 insider sold $1.4M (1 sale); 1 insider bought $200K (1 purchase)
30 days after: none reported.

DateInsiderTypeSharesPriceValue10b5-1 planSource
2025-12-11Yablon Gary
Director
Purchase4,566$43.73$200KnoForm 4
2025-12-11Yeager Phillip D
President, CEO & Vice Chairman, Director
Sale32,000$43.68$1.4MyesForm 4
2026-02-05: red flag filed

Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-11-07 to 2026-03-07. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.

Verified excerpt

"On February 5, 2026, the Audit Committee of the Board of Directors of the Company, following discussion with and upon the recommendation of management, concluded that the unaudited consolidated financial statements of the Company included in the Quarterly Reports on Form 10-Q for each of the quarterly periods ended March 31, 2025 (the "Q1 2025 Financial Statements"), June 30, 2025 (the "Q2 2025 Financial..."

Quoted from the filing. Source

What this means

The company says previously issued financial statements should no longer be relied upon (8-K Item 4.02). This is one of the most serious accounting red flags: past reported numbers were wrong and will be restated.

Why this score: also within 90 days: Late annual report (NT 10-K)

Read the original filing on SEC.gov →

Not investment advice. Automated summary; verify against the filing.

Get the weekly "Red Flags" newsletter

The week's most serious auditor changes, restatements, late filings and going-concern warnings, in plain English. Free. Unsubscribe anytime.

Subscribe to the newsletter →
The signup form didn't load here (often an ad or privacy blocker). This opens beehiiv's secure signup page.

Form not showing? Subscribe on beehiiv →

Newsletter delivered by beehiiv. See our privacy policy.