Form 4: HealthEquity EVP Sells Shares for Tax Obligations

HealthEquity's EVP, General Counsel, Delano Ladd, disposed of 977 common shares to cover tax withholding obligations at a price of $88.5674 per share.

Summary

• Delano Ladd, Executive Vice President and General Counsel of HealthEquity, Inc. (HQY), reported a change in beneficial ownership.
• On October 6, 2025, Mr. Ladd disposed of 977 shares of HealthEquity Common Stock.
• The shares were disposed of at a price of $88.5674 per share.
• This transaction was a disposition to the issuer to satisfy tax withholding obligations, indicated by transaction code 'F'.
• Following this transaction, Mr. Ladd beneficially owns 78,479 shares of HealthEquity Common Stock directly.
• The transaction was made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 5

Explanation: The transaction is a routine disposition of shares to cover tax withholding obligations, not indicative of a change in sentiment towards the company or its future prospects.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This is a routine insider transaction for tax purposes and does not provide specific insights into broader industry trends or competitive positioning.

Stakeholder Impact

• The impact on shareholders is minimal as this is a routine, non-discretionary transaction by an executive to satisfy tax obligations.

Key Dates

Recommendation

The reported transaction is a routine disposition of shares by an executive to satisfy tax withholding obligations, which is a common practice and does not reflect a change in the executive's or the company's fundamental outlook. It is not indicative of a strategic shift or a lack of confidence in the company's future performance, therefore, it does not warrant a change in investment recommendation.

Keywords

HealthEquity, HQY, Insider Transaction, Form 4, Delano Ladd, Stock Sale, Executive Compensation, Tax Withholding, Rule 10b5-1