Jon Kessler - Sep 27, 2023 Form 4 Insider Report for HEALTHEQUITY, INC. (HQY)

Role
PRESIDENT AND CEO, Director
Signature
/s/ Jon Kessler
Stock symbol
HQY
Transactions as of
Sep 27, 2023
Transactions value $
-$3,512,543
Form type
4
Date filed
9/29/2023, 04:39 PM
Previous filing
Jun 28, 2023
Next filing
Mar 26, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HQY Common Stock Sale -$76.3K -1.03K -26.5% $74.25 2.85K Sep 27, 2023 by Jon Kessler and Laura M. Gottsman Family Trust F1, F2, F3
transaction HQY Common Stock Sale -$103K -1.38K -48.35% $74.86 1.47K Sep 27, 2023 by Jon Kessler and Laura M. Gottsman Family Trust F1, F3, F4
transaction HQY Common Stock Sale -$111K -1.47K -100% $75.72 0 Sep 27, 2023 by Jon Kessler and Laura M. Gottsman Family Trust F1, F3, F5
transaction HQY Common Stock Sale -$349K -4.7K -25.5% $74.26 13.7K Sep 27, 2023 by Team Bear Trust F1, F2, F6
transaction HQY Common Stock Sale -$521K -6.96K -50.69% $74.87 6.77K Sep 27, 2023 by Team Bear Trust F1, F4, F6
transaction HQY Common Stock Sale -$513K -6.77K -100% $75.72 0 Sep 27, 2023 by Team Bear Trust F1, F5, F6
transaction HQY Common Stock Sale -$466K -6.28K -25.61% $74.26 18.2K Sep 27, 2023 by Team Gracie Trust F1, F2, F7
transaction HQY Common Stock Sale -$689K -9.2K -50.45% $74.87 9.04K Sep 27, 2023 by Team Gracie Trust F1, F4, F7
transaction HQY Common Stock Sale -$684K -9.04K -100% $75.72 0 Sep 27, 2023 by Team Gracie Trust F1, F5, F7
holding HQY Common Stock 214K Sep 27, 2023 Direct
holding HQY Common Stock 100K Sep 27, 2023 by GKF, LLC F8

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) 34.8K Sep 27, 2023 Common Stock 34.8K $41.28 by GKF, LLC F9
holding HQY Stock Option (right to buy) 23.9K Sep 27, 2023 Common Stock 23.9K $61.72 by GKF, LLC F9
holding HQY Stock Option (right to buy) 12.8K Sep 27, 2023 Common Stock 12.8K $73.61 by GKF, LLC F9
holding HQY Stock Option (right to buy) 60K Sep 27, 2023 Common Stock 60K $14.00 by GKF, LLC F9
holding HQY Stock Option (right to buy) 17.4K Sep 27, 2023 Common Stock 17.4K $41.28 Direct F9
holding HQY Stock Option (right to buy) 23.9K Sep 27, 2023 Common Stock 23.9K $61.72 Direct F9
holding HQY Stock Option (right to buy) 38.3K Sep 27, 2023 Common Stock 38.3K $73.61 Direct F9
* 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 $73.525 to $74.52, 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 price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $74.525 to $75.52, 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 (4) of this Form 4.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $75.525 to $75.98, 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 (5) of this Form 4.
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 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.
F8 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.
F9 The option is immediately exercisable.