Statement of Changes in Beneficial Ownership (4)
28 Juin 2023 - 10:30PM
Edgar (US Regulatory)
FORM 4
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Kessler Jon |
2. Issuer Name and Ticker or Trading Symbol
HEALTHEQUITY, INC.
[
HQY
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) PRESIDENT AND CEO |
(Last)
(First)
(Middle)
C/O HEALTHEQUITY, INC., 15 W. SCENIC POINTE DR., STE. 100 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
6/26/2023 |
(Street)
DRAPER, UT 84020 |
4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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(City)
(State)
(Zip)
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Rule 10b5-1(c) Transaction Indication
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Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to
satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 6/26/2023 | | S(1) | | 1621 | D | $60.1215 (2) | 6129 (3)(4) | I | by Jon Kessler and Laura M. Gottsman Family Trust (3) |
Common Stock | 6/26/2023 | | S(1) | | 10256 | D | $60.1215 (2) | 38770 | I | by Team Gracie Trust (5) |
Common Stock | 6/26/2023 | | S(1) | | 7711 | D | $60.1215 (2) | 29149 | I | by Team Bear Trust (6) |
Common Stock | 6/27/2023 | | S(1) | | 1316 | D | $60.8664 (7) | 4813 | I | by Jon Kessler and Laura M. Gottsman Family Trust (3) |
Common Stock | 6/27/2023 | | S(1) | | 938 | D | $61.0961 (8) | 3875 | I | by Jon Kessler and Laura M. Gottsman Family Trust (3) |
Common Stock | 6/27/2023 | | S(1) | | 7981 | D | $60.8596 (7) | 30789 | I | by Team Gracie Trust (5) |
Common Stock | 6/27/2023 | | S(1) | | 6276 | D | $61.0923 (9) | 24513 | I | by Team Gracie Trust (5) |
Common Stock | 6/27/2023 | | S(1) | | 5910 | D | $60.8570 (7) | 23239 | I | by Team Bear Trust (6) |
Common Stock | 6/27/2023 | | S(1) | | 4809 | D | $61.0910 (9) | 18430 | I | by Team Bear Trust (6) |
Common Stock | | | | | | | | 213991 (4) | D | |
Common Stock | | | | | | | | 100000 | I | by GKF, LLC (10) |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Stock Option (right to buy) | $41.28 | | | | | | | (11) | 3/27/2027 | Common Stock | 34820 | | 34820 | I | by GKF, LLC |
Stock Option (right to buy) | $61.72 | | | | | | | (11) | 3/27/2028 | Common Stock | 23930 | | 23930 | I | by GKF, LLC |
Stock Option (right to buy) | $73.61 | | | | | | | (11) | 3/26/2029 | Common Stock | 12782 | | 12782 | I | by GKF, LLC |
Stock Option (right to buy) | $14 | | | | | | | (11) | 7/30/2024 | Common Stock | 60000 | | 60000 | I | by GKF, LLC |
Stock Option (right to buy) | $41.28 | | | | | | | (11) | 3/27/2027 | Common Stock | 17409 | | 17409 | D | |
Stock Option (right to buy) | $61.72 | | | | | | | (11) | 3/27/2028 | Common Stock | 23929 | | 23929 | D | |
Stock Option (right to buy) | $73.61 | | | | | | | (11) | 3/26/2029 | Common Stock | 38343 | | 38343 | D | |
Explanation of Responses: |
(1) | The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on March 24, 2023. |
(2) | 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. |
(3) | 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. |
(4) | 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. |
(5) | 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. |
(6) | 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. |
(7) | 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. |
(8) | 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. |
(9) | 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. |
(10) | 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. |
(11) | The option is immediately exercisable. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Kessler Jon C/O HEALTHEQUITY, INC. 15 W. SCENIC POINTE DR., STE. 100 DRAPER, UT 84020 | X |
| PRESIDENT AND CEO |
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Signatures
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/s/ Jon Kessler | | 6/28/2023 |
**Signature of Reporting Person | Date |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
Note: | File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. |
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
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