Neeleman Stephen 4

4 · HEALTHEQUITY, INC. · Filed Mar 27, 2026

AI-generated summary of this filing

Updated Mar 27, 2026

HEALTHEQUITY (HQY) Founder Stephen Neeleman Receives RSU Award

What Happened

Stephen Neeleman, Founder and Vice Chairman (and Director) of HEALTHEQUITY, reported receipt of 39,775 restricted stock units (RSUs) on March 25, 2026. Of those, 23,860 RSUs vested on March 25, 2026 (footnote F2) and 15,915 RSUs were granted the same day (footnote F1). Both transactions show $0.00 per share (standard for RSU grants/vests), meaning no cash was paid by Neeleman.

Key Details

Transaction date: March 25, 2026; filing date (Form 4): March 27, 2026 (appears timely).
Transactions: 23,860 RSUs vested (acquired at $0.00); 15,915 RSUs newly granted (acquired at $0.00).
Total RSUs involved: 39,775.
Shares owned after transaction: not specified in the supplied filing details.
Notable footnotes:
- F1: The 15,915 RSUs vest 25% on April 1, 2027, then 6.25% each calendar quarter for the following 12 quarters.
- F2: 23,860 RSUs vested on March 25, 2026 (now contingent rights converted to shares per filing).
- F3–F5: Some securities are held of record by the Stephen & Christine Neeleman Trust and Neeleman Family Holdings, LLC; Neeleman disclaims beneficial ownership of certain shares except to the extent of his pecuniary interest, and some securities are beneficially owned by his spouse (disclaimer applies).
This filing reports awards/vesting (code A) — not an open-market purchase or sale.

Context

RSUs are a form of equity compensation: vested RSUs convert into shares (or cash equivalent) without the holder paying cash; newly granted RSUs are subject to the issuer’s vesting schedule described above.
Awards and vesting are routine executive compensation events and do not by themselves indicate a buy/sell sentiment. The vested portion (23,860) became effective immediately; the granted portion (15,915) will vest over time under the schedule in F1.
The filing includes standard trust/LLC and spouse disclaimers about beneficial ownership (see F3–F5).

Form 4

Period: 2026-03-25

DirectorFOUNDER AND VICE CHAIRMAN

Transactions

Holdings

Common Stock
[F3]
(indirect: See footnote)
409,735
Common Stock
[F4]
(indirect: See footnote)
140,000
Common Stock
[F5]
(indirect: See footnote)
203,000
Stock Option (right to buy)
[F6]
Exercise: $41.28Exp: 2027-03-27→ Common Stock (19,897 underlying)
19,897
Stock Options (right to buy)
[F6]
Exercise: $61.72Exp: 2028-03-27→ Common Stock (14,228 underlying)
14,228
Stock Options (right to buy)
[F6]
Exercise: $73.61Exp: 2029-03-26→ Common Stock (15,337 underlying)
15,337

Footnotes (6)

[F1]Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock. Shares vest as to 25% of the initial award on April 1, 2027. Shares shall vest as to 6.25% thereafter on the first day of each calendar quarter for the twelve calendar quarters following April 1, 2027.
[F2]Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock. The restricted stock units vested as to 23,860 shares on March 25, 2026.
[F3]Shares held of record by the Stephen and Christine Neeleman Trust.
[F4]The securities are beneficially owned by the Reporting Person's spouse. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
[F5]Shares held of record by Neeleman Family Holdings, LLC ("Family Holdings"), a Utah limited liability company. The reporting person is the manager of Family Holdings. The reporting person disclaims beneficial ownership of the shares held by Family Holdings except to the extent of his pecuniary interest therein and this report shall not be deemed an admission that the reporting person is the beneficial owner of the shares held by Family Holdings for any other purposes.
[F6]The option is immediately exercisable.

Signature

/s/ Stephen Neeleman|2026-03-27

1 file