Hub Group, Inc. said it received an August 20, 2026, notice that it was not in compliance with Nasdaq Listing Rule 5250(c)(1) because it had not timely filed its Form 10-Q for the quarter ended June 30, 2026. The notice has no immediate effect on the listing or trading of its common stock, but continued non-compliance could lead to further consequences, including possible delisting. The development comes as Hagens Berman Sobol Shapiro LLP and Berger Montague PC publicized a securities class action covering investors who purchased or acquired HUBG securities from April 28, 2023, through May 11, 2026. The complaint alleges premature or incorrect revenue recognition, unsupported transactions, and understated purchased transportation costs and accounts payable. Hub Group disclosed on February 5, 2026, that the latter costs and accounts payable had been understated by $77 million during the first nine months of 2025 and that related financial statements should no longer be relied upon; its stock fell about 18%, from $51.33 to $41.96 per share. On May 12, 2026, the company said its 2023 and 2024 annual reports were materially misstated and should no longer be relied upon, while its stock declined another 13%, from $41.86 to $36.62. The two declines erased more than $870 million in market capitalization. Investors may seek lead-plaintiff appointment by August 28, 2026, and the allegations have not been established in court.