HEALTHEQUITY, INC. — Director's Dealing 2018

May 2, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HEALTHEQUITY INC (HQY)
CIK: 0001428336
Period of Report: 2018-04-30

Reporting Person: Dreier Ashley (Executive, VP, CTO and CIO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-04-30	Common Stock	M	16250	$24.36	Acquired	49439	Direct
2018-04-30	Common Stock	S	16250	$67.00	Disposed	33189	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-04-30	Stock Option (right to buy)	$24.36	M	16250	Disposed	2026-03-23	Common Stock (16250)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (right to buy)	$14	2024-07-30	Common Stock (6000)	6000	Direct
Stock Option (right to buy)	$1.50	2023-05-09	Common Stock (16750)	16750	Direct

Footnotes

F1: The option exercises and subsequent sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 12, 2017

F2: The option is immediately exercisable.

F3: The option is immediately exercisable as to 16,250 shares. The option becomes exercisable as to the remaining 32,500 shares in two equal installments on March 23, 2019 and 2020.