Jon Kessler - 26 Jun 2023 Form 4 Insider Report for HEALTHEQUITY, INC. (HQY)

Role
PRESIDENT AND CEO, Director
Signature
/s/ Jon Kessler
Issuer symbol
HQY
Transactions as of
26 Jun 2023
Net transactions value
-$2,837,655
Form type
4
Filing time
28 Jun 2023, 16:29:51 UTC
Previous filing
05 Apr 2023
Next filing
29 Sep 2023
SEC
View on sec.gov

Key filing fact

Jon Kessler filed Form 4 for HEALTHEQUITY, INC. (HQY) on 28 Jun 2023.

Key facts

  • This page summarizes Jon Kessler's Form 4 filing for HEALTHEQUITY, INC. (HQY).
  • 9 reported transactions and 7 derivative rows are listed below.
  • Filing timestamp: 28 Jun 2023, 16:29.

Change

  • Previous filing in this sequence was filed on 05 Apr 2023.
  • Current net transaction value: -$2,837,655.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

See Original Filing

Transactions Table

HQY transaction

Common Stock

Sale

Transaction value
$97,457
Shares
-1,621
Change %
-21%
Price
$60.12
Shares after
6,129
Date
26 Jun 2023
Ownership
by Jon Kessler and Laura M. Gottsman Family Trust
Footnotes
F1, F2, F3, F4
HQY transaction

Common Stock

Sale

Transaction value
$616,606
Shares
-10,256
Change %
-21%
Price
$60.12
Shares after
38,770
Date
26 Jun 2023
Ownership
by Team Gracie Trust
Footnotes
F1, F2, F5
HQY transaction

Common Stock

Sale

Transaction value
$463,597
Shares
-7,711
Change %
-21%
Price
$60.12
Shares after
29,149
Date
26 Jun 2023
Ownership
by Team Bear Trust
Footnotes
F1, F2, F6
HQY transaction

Common Stock

Sale

Transaction value
$80,100
Shares
-1,316
Change %
-21%
Price
$60.87
Shares after
4,813
Date
27 Jun 2023
Ownership
by Jon Kessler and Laura M. Gottsman Family Trust
Footnotes
F1, F3, F7
HQY transaction

Common Stock

Sale

Transaction value
$57,308
Shares
-938
Change %
-19%
Price
$61.10
Shares after
3,875
Date
27 Jun 2023
Ownership
by Jon Kessler and Laura M. Gottsman Family Trust
Footnotes
F1, F3, F8
HQY transaction

Common Stock

Sale

Transaction value
$485,720
Shares
-7,981
Change %
-21%
Price
$60.86
Shares after
30,789
Date
27 Jun 2023
Ownership
by Team Gracie Trust
Footnotes
F1, F5, F7
HQY transaction

Common Stock

Sale

Transaction value
$383,415
Shares
-6,276
Change %
-20%
Price
$61.09
Shares after
24,513
Date
27 Jun 2023
Ownership
by Team Gracie Trust
Footnotes
F1, F5, F9
HQY transaction

Common Stock

Sale

Transaction value
$359,665
Shares
-5,910
Change %
-20%
Price
$60.86
Shares after
23,239
Date
27 Jun 2023
Ownership
by Team Bear Trust
Footnotes
F1, F6, F7
HQY transaction

Common Stock

Sale

Transaction value
$293,787
Shares
-4,809
Change %
-21%
Price
$61.09
Shares after
18,430
Date
27 Jun 2023
Ownership
by Team Bear Trust
Footnotes
F1, F6, F9
HQY holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
213,991
Date
26 Jun 2023
Ownership
Direct
Footnotes
F4
HQY holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
100,000
Date
26 Jun 2023
Ownership
by GKF, LLC
Footnotes
F10

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

HQY holding Derivative

Stock Option (right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
34,820
Date
26 Jun 2023
Ownership
by GKF, LLC
Underlying class
Common Stock
Underlying amount
34,820
Exercise price
$41.28
Footnotes
F11
HQY holding Derivative

Stock Option (right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
23,930
Date
26 Jun 2023
Ownership
by GKF, LLC
Underlying class
Common Stock
Underlying amount
23,930
Exercise price
$61.72
Footnotes
F11
HQY holding Derivative

Stock Option (right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
12,782
Date
26 Jun 2023
Ownership
by GKF, LLC
Underlying class
Common Stock
Underlying amount
12,782
Exercise price
$73.61
Footnotes
F11
HQY holding Derivative

Stock Option (right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
60,000
Date
26 Jun 2023
Ownership
by GKF, LLC
Underlying class
Common Stock
Underlying amount
60,000
Exercise price
$14.00
Footnotes
F11
HQY holding Derivative

Stock Option (right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
17,409
Date
26 Jun 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
17,409
Exercise price
$41.28
Footnotes
F11
HQY holding Derivative

Stock Option (right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
23,929
Date
26 Jun 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
23,929
Exercise price
$61.72
Footnotes
F11
HQY holding Derivative

Stock Option (right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
38,343
Date
26 Jun 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
38,343
Exercise price
$73.61
Footnotes
F11
* 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 sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on March 24, 2023.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $60.00 to $60.56, 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 footnote (2) of this Form 4.
F3 These securities are held by the Jon Kessler and Laura M. Gottsman Family Trust, a revocable trust in which the Reporting Person and his Spouse are co-trustees, and the Reporting Person and members of his immediate family are the sole beneficiaries.
F4 The Reporting Person previously reported 7,750 shares held by the Jon Kessler and Laura M. Gottsman Family Trust as shares held directly by the Reporting Person. This report corrects such previous report to reflect that such shares are beneficially owned indirectly by the Reporting Person.
F5 These securities are held by the Team Gracie Trust. 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 These securities are held by the Team Bear Trust. 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.
F7 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $60.01 to $60.99, 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 footnote (7) of this Form 4.
F8 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $61.00 to $61.24, 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 footnote (8) of this Form 4.
F9 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $61.00 to $61.265, 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 footnote (9) of this Form 4.
F10 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.
F11 The option is immediately exercisable.
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