Form 4: Former HealthEquity Director Frank Corvino Sells Shares
SEC Form 4
Frank Corvino, a former director of HealthEquity, Inc., sold 1,039 shares of common stock on November 6, 2024.
Summary
- On November 6, 2024, Frank Corvino, a former director of HealthEquity, Inc. (HQY), sold 1,039 shares of the company's common stock.
- The sale was executed at a weighted average price of $96.1004 per share.
- Following the transaction, Corvino directly owns 3,784 shares of HealthEquity common stock.
- The sale was conducted under a pre-arranged trading plan that satisfies Rule 10b5-1(c).
Sentiment
Score: 5
Explanation: This is a neutral event. It's a standard disclosure of an insider transaction and doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This is a routine disclosure of insider trading activity. It is common for officers and directors to periodically sell shares for personal financial management.
Stakeholder Impact
- The sale of shares by a former director may have a negligible impact on shareholders.
Key Dates
| Date | Description |
|---|---|
| 06/26/2023 | Power of Attorney given by Mr. Corvino was previously filed with the U.S. Securities and Exchange Commission. |
| 11/06/2024 | Frank Corvino sold 1,039 shares of HealthEquity common stock. |
| 11/08/2024 | Date of signature for the Form 4 filing. |
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