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: Bloomberg Edward (Chief Operating Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-03-30	Common Stock	A	13682	—	Acquired	41202	Direct
2021-03-31	Common Stock	F	1007	$67.5022	Disposed	40195	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (right to buy)	$82.39	2028-08-13	Common Stock (25667)	25667	Direct
Stock Option (right to buy)	$73.61	2029-03-26	Common Stock (22367)	22367	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 3,421 shares on each of March 30, 2022 and 2023. The remaining restricted stock units vest in two equal installments of 3,420 shares on March 30, 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 is exercisable as to 19,251 shares. The option becomes exercisable as to the remaining 6,416 shares on August 13, 2022.

F4: The option is exercisable as to 11,184 shares. The option vests as to 5,592 shares on March 26, 2022. The option becomes exercisable as to the remaining 5,591 shares on March 26, 2023.