HEALTHEQUITY, INC. — Director's Dealing 2021

Apr 1, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HEALTHEQUITY, INC. (HQY)
CIK: 0001428336
Period of Report: 2021-03-30

Reporting Person: Trittschuh Larry L (EVP Chief Security Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-03-30	Common Stock	A	6965	—	Acquired	21710	Direct
2021-03-31	Common Stock	F	266	$67.5022	Disposed	21444	Direct
2021-03-31	Common Stock	F	191	$67.5022	Disposed	21253	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (Right to Buy)	$59.63	2028-12-17	Common Stock (12838)	12838	Direct

Footnotes

F1: Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock. The restricted stock units will vest as to 1,742 shares on March 30, 2022. The remaining restricted stock units vest in three equal installments of 1,741 shares annually on March 30 of 2023, 2024, and 2025.

F2: 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.

F3: The option will become exercisable in two equal installments of 6,419 shares on December 17, 2021 and 2022.