Form 4: Stephen Neeleman, HealthEquity Founder and Vice Chairman, Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Stephen Neeleman, Founder and Vice Chairman of HealthEquity, reports the disposition of shares to cover tax obligations and updates on holdings in trusts and options.
Summary
- Stephen Neeleman, a director and officer (Founder and Vice Chairman) of HealthEquity, Inc. [HQY], filed a Form 4 detailing changes in his beneficial ownership.
- On July 3, 2024, Neeleman disposed of 318 and 428 shares of common stock at prices of $83.6778 and $83.6768, respectively, to cover tax obligations.
- Following these transactions, Neeleman directly owns 89,769 shares of common stock.
- 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 purchase 35,000 shares at $14, 19,897 shares at $41.28, 14,228 shares at $61.72, and 15,337 shares at $73.61.
- All options are immediately exercisable.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports transactions and holdings without indicating any positive or negative outlook.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders. This allows investors to track the buying and selling activity of individuals with privileged information about the company's performance and prospects.
Key Dates
| Date | Description |
|---|---|
| 07/03/2024 | Date of stock disposition transactions. |
| 07/05/2024 | Date of signature on the Form 4 filing. |
| 07/30/2024 | Expiration date of stock options to buy 35,000 shares at $14. |
| 03/27/2027 | Expiration date of stock options to buy 19,897 shares at $41.28. |
| 03/27/2028 | Expiration date of stock options to buy 14,228 shares at $61.72. |
| 03/26/2029 | Expiration date of stock options to buy 15,337 shares at $73.61. |
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