HEALTHEQUITY, INC. — Director's Dealing 2021

Jan 26, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HEALTHEQUITY, INC. (HQY)
CIK: 0001428336
Period of Report: 2021-01-25

Reporting Person: Ladd Delano (EVP, Counsel & Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-01-25	Common Stock	M	20625	$24.36	Acquired	50836	Direct
2021-01-25	Common Stock	M	34375	$30.57	Acquired	85211	Direct
2021-01-25	Common Stock	S	11504	$84.1425	Disposed	73707	Direct
2021-01-25	Common Stock	S	7261	$84.8186	Disposed	66446	Direct
2021-01-25	Common Stock	S	36235	$85.7715	Disposed	30211	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-01-25	Stock Option (right to buy)	$24.36	M	20625	Disposed	2026-03-23	Common Stock (20625)	Direct
2021-01-25	Stock Option (right to buy)	$30.57	M	34375	Disposed	2026-08-24	Common Stock (34375)	Direct

Footnotes

F1: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 11, 2020.

F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $83.55 to $84.54, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (2), (3) and (4) to this Form 4.

F3: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $84.55 to $85.54, inclusive.

F4: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $85.63 to $86.13, inclusive.

F5: The option is immediately exercisable.