Hub Group, Inc. Securities Fraud Class Action Result of Erroneous Financial Statements and approximately 31% Stock Decline - Investors may Contact Lewis Kahn, Esq, at Kahn Swick & Foti, LLC

Hub Group, Inc. ("Hub" or the "Company") (NasdaqGS: HUBG) is the subject of a securities class action lawsuit. Investors who purchased or acquired Hub securities between April 28, 2023, and May 11, 2026, inclusive, have until August 28, 2026, to file lead plaintiff applications. The lawsuit alleges that Hub Group and its executives failed to disclose material information, leading to erroneous financial statements. On February 5, 2026, the Company announced that its financial statements for the first three quarters of 2025 should not be relied upon due to an error that understated purchased transportation costs and accounts payable, causing its stock to decline by approximately 18%. Subsequently, on May 12, 2026, Hub Group disclosed that its 2023 and 2024 annual reports were materially misstated due to incorrectly recognized or unsupported transactions, and that it did not maintain effective disclosure controls and procedures. This news caused Hub Group shares to fall an additional 13%.