Form 4: Former HealthEquity Director Frank Corvino Sells Shares
SEC Form 4
Frank Corvino, a former director of HealthEquity, Inc., sold 1,247 shares of common stock on October 1, 2024, at a price of $80.2645 per share.
Summary
- On October 1, 2024, Frank Corvino, a former director of HealthEquity, Inc., sold 1,247 shares of the company's common stock.
- The sale was executed at a price of $80.2645 per share.
- Following the transaction, Mr. Corvino beneficially owns 4,823 shares of HealthEquity, Inc.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a stock sale by a former director. It doesn't inherently convey positive or negative sentiment about the company's prospects.
Industry Context
Form 4 filings are a routine part of the US stock market, and are required by the SEC to ensure transparency when company insiders trade their own company's stock. It is difficult to assess the impact of this sale without knowing the reasons behind it. It could be for personal financial planning, diversification, or other reasons unrelated to the company's performance.
Stakeholder Impact
- The sale of shares by a former director could have a minor impact on shareholder confidence, but is unlikely to be significant given the relatively small number of shares involved.
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. |
| 10/01/2024 | Frank Corvino sold 1,247 shares of HealthEquity, Inc. common stock. |
| 10/02/2024 | Date of signature for the Form 4 filing. |
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