Form 4: Healthequity Inc. Director Stephen Neeleman Reports Stock Disposals
SEC Form 4
Stephen Neeleman, a Director and Founder/Vice Chairman at Healthequity Inc., reported disposing of shares to cover tax obligations and holding significant direct and indirect ownership.
Summary
- On April 1, 2024, Stephen Neeleman disposed of 5,348 shares of Healthequity Inc. common stock at a price of $80.6151 per share.
- On April 2, 2024, he disposed of an additional 1,751 shares at $81.863 per share.
- Following these transactions, Neeleman directly owns 92,499 shares.
- He also indirectly owns 559,235 shares through the Stephen and Christine Neeleman Trust and 203,000 shares through Neeleman Family Holdings, LLC.
- Neeleman also holds options to buy 119,462 shares at prices ranging from $14 to $73.61, all of which are immediately exercisable.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a change in beneficial ownership. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about insider transactions.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Investors often monitor these filings for signals about management's confidence in the company's prospects.
Stakeholder Impact
- The disposal of shares by a director could be perceived negatively by shareholders if interpreted as a lack of confidence in the company, although it could also be due to personal financial planning.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Stephen Neeleman disposed of 5,348 shares of Healthequity Inc. common stock. |
| 04/02/2024 | Stephen Neeleman disposed of 1,751 shares of Healthequity Inc. common stock. |
| 04/03/2024 | Date of signature for the Form 4 filing. |
| 07/30/2024 | Expiration date for stock options with an exercise price of $14. |
| 03/27/2027 | Expiration date for stock options with an exercise price of $41.28. |
| 03/27/2028 | Expiration date for stock options with an exercise price of $61.72. |
| 03/26/2029 | Expiration date for stock options with an exercise price of $73.61. |
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