Neeleman Stephen 4

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.