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HEALTHEQUITY, INC. Director's Dealing 2021

Apr 7, 2021

30722_dirs_2021-04-07_49922f15-4208-4929-b4b3-f30262d2cc49.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HEALTHEQUITY, INC. (HQY)
CIK: 0001428336
Period of Report: 2021-04-05

Reporting Person: Neeleman Stephen (Director, Founder and Vice Chairman)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2021-04-05 Common Stock F 2128 $67.2925 Disposed 41043 Direct
2021-04-05 Common Stock F 2321 $67.2925 Disposed 38722 Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 575735 Indirect
Common Stock 203000 Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Stock Option (right to buy) $14 2024-07-30 Common Stock (140000) 140000 Direct
Stock Option (right to buy) $41.28 2027-03-27 Common Stock (19897) 19897 Direct
Stock Option (right to buy) $61.72 2028-03-27 Common Stock (14228) 14228 Direct
Stock Option (right to buy) $73.61 2029-03-26 Common Stock (15337) 15337 Direct

Footnotes

F1: The shares reported on this Form 4 are subject to a lock-up agreement between the reporting person and BofA Securities, Inc. dated February 16, 2021 (the "Lock-up Date") pursuant to which the remaining shares reported in Table I of this Form 4 cannot be sold for 45 days following the Lock-up Date.

F2: Shares held of record by the Stephen and Christine Neeleman Trust.

F3: Shares held of record by Neeleman Family Holdings, LLC ("Family Holdings"), a Utah limited liability company. The reporting person is the manager of Family Holdings. The reporting person disclaims beneficial ownership of the shares held by Family Holdings except to the extent of his pecuniary interest therein and this report shall not be deemed an admission that the reporting person is the beneficial owner of the shares held by Family Holdings for any other purposes.

F4: The option is immediately exercisable.

F5: The option is exercisable as to 10,671 shares. The remaining 3,557 options become exercisable on March 27, 2022.

F6: The option is exercisable as to 7,219 shares. The remaining options vest as to 3,384 shares on each of March 27, 2022 and 2023.