Jon Kessler - 24 Jun 2024 Form 4 Insider Report for HEALTHEQUITY, INC. (HQY)

Role
PRESIDENT AND CEO, Director
Signature
/s/ Jon Kessler
Issuer symbol
HQY
Transactions as of
24 Jun 2024
Net transactions value
-$4,578,579
Form type
4
Filing time
26 Jun 2024, 16:44:01 UTC
Previous filing
03 Apr 2024
Next filing
18 Sep 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HQY Common Stock Sale $2,242,262 -27,124 -10% $82.67 237,378 24 Jun 2024 Direct F1, F2
transaction HQY Common Stock Sale $435,154 -5,202 -2.2% $83.65 232,176 24 Jun 2024 Direct F1, F3
transaction HQY Common Stock Sale $931,627 -11,270 -8.9% $82.66 114,965 24 Jun 2024 by GKF, LLC F1, F2, F4, F5
transaction HQY Common Stock Sale $183,949 -2,199 -1.9% $83.65 112,766 24 Jun 2024 by GKF, LLC F1, F5, F6
transaction HQY Common Stock Sale $554,547 -6,675 -2.9% $83.08 225,501 25 Jun 2024 Direct F1, F7
transaction HQY Common Stock Sale $231,040 -2,781 -2.5% $83.08 109,985 25 Jun 2024 by GKF, LLC F1, F5, F7

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding HQY Stock Option (right to buy) 17,409 24 Jun 2024 Common Stock 17,409 $41.28 Direct F8
holding HQY Stock Option (right to buy) 23,929 24 Jun 2024 Common Stock 23,929 $61.72 Direct F8
holding HQY Stock Option (right to buy) 38,343 24 Jun 2024 Common Stock 38,343 $73.61 Direct F8
holding HQY Stock Option (right to buy) 34,820 24 Jun 2024 Common Stock 34,820 $41.28 by GKF, LLC F5, F8
holding HQY Stock Option (right to buy) 23,930 24 Jun 2024 Common Stock 23,930 $61.72 by GKF, LLC F5, F8
holding HQY Stock Option (right to buy) 12,782 24 Jun 2024 Common Stock 12,782 $73.61 by GKF, LLC F5, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on March 25, 2024.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $82.28 to $83.25, 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 range set forth in footnotes (2,3,6 and 7) of 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 $83.29 to $84.14, inclusive.
F4 Corrects an overstatement of shares held by the reporting person in the reporting person's most recent Form 4.
F5 These securities are held by the GKF, LLC. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the filing of this report is not an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $83.28 to $84.14, inclusive.
F7 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $82.66 to $83.59, inclusive.
F8 The option is immediately exercisable.