Neeleman Stephen 4
4 · HEALTHEQUITY, INC. · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
HEALTHEQUITY (HQY) Founder Stephen Neeleman Sells 9,292 Shares
What Happened
Stephen Neeleman, Founder and Vice Chairman (also a Director) of HEALTHEQUITY, disposed of 9,292 shares on March 31, 2026. The shares were reported as a "Payment of exercise price or tax liability" (Form 4 code F) at $82.53 per share, for a total value of approximately $766,835. This appears to be a tax-withholding/net-share settlement related to an option exercise rather than an open-market sale.
Key Details
- Transaction date: 2026-03-31
- Details: 9,292 shares disposed at $82.53/share = $766,835 (code F — payment of exercise price or tax liability)
- Filing date: 2026-04-02 (filed timely — within the standard two business days)
- Shares owned after transaction: Not specified in the provided filing
- Relevant footnotes from the filing:
- F1: Shares held of record by the Stephen and Christine Neeleman Trust.
- F2: Some securities are beneficially owned by the reporting person's spouse; he disclaims beneficial ownership.
- F3: Shares held of record by Neeleman Family Holdings, LLC; reporting person is manager and disclaims beneficial ownership except for pecuniary interest.
- F4: The option is immediately exercisable.
Context
Form 4 code F typically indicates shares were withheld or surrendered to cover taxes from an equity award or option exercise (a common, routine corporate action). Such tax-withholding disposals are generally administrative and do not necessarily signal a change in the insider’s view of the company. Purchases tend to be more informative about insider sentiment than routine tax-related disposals.
Insider Transaction Report
- Tax Payment
Common Stock
2026-03-31$82.53/sh−9,292$766,835→ 141,227 total
- 409,735(indirect: See footnote)
Common Stock
[F1] - 140,000(indirect: See footnote)
Common Stock
[F2] - 203,000(indirect: See footnote)
Common Stock
[F3] - 19,897
Stock Option (right to buy)
[F4]Exercise: $41.28Exp: 2027-03-27→ Common Stock (19,897 underlying) - 14,228
Stock Options (right to buy)
[F4]Exercise: $61.72Exp: 2028-03-27→ Common Stock (14,228 underlying) - 15,337
Stock Options (right to buy)
[F4]Exercise: $73.61Exp: 2029-03-26→ Common Stock (15,337 underlying)
Footnotes (4)
- [F1]Shares held of record by the Stephen and Christine Neeleman Trust.
- [F2]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.
- [F3]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.
- [F4]The option is immediately exercisable.