HealthEquity (NASDAQ: HQY) EVP Ladd sells 7,500 shares in open-market trade

Rhea-AI Filing Summary

HEALTHEQUITY, INC. executive Delano Ladd, EVP and General Counsel, sold 7,500 shares of Common Stock in an open-market transaction on May 28, 2026 at $90.00 per share. The sale was made under a Rule 10b5-1 trading plan adopted on June 12, 2025. Following this transaction, Ladd directly holds 91,141 shares of HealthEquity common stock.

Insider Trade Summary 10b5-1

Net Seller: 7,500 shares ($675,000)

Net Sell 1 txn

Insider Ladd Delano

Role EVP, General Counsel

Sold 7,500 shs ($675K)

Type	Security	Shares	Price	Value
Sale	Common Stock	7,500	$90.00	$675K

Holdings After Transaction: Common Stock — 91,141 shares (Direct, null)

Footnotes (1)

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Key Figures

Shares sold: 7,500 shares Sale price: $90.00 per share Shares owned after sale: 91,141 shares +2 more

5 metrics

Shares sold 7,500 shares Open-market sale on May 28, 2026

Sale price $90.00 per share Open-market sale on May 28, 2026

Shares owned after sale 91,141 shares Direct holdings following the transaction

Transaction code S Sale in open market or private transaction

Trading plan adoption date June 12, 2025 Rule 10b5-1 trading plan covering this sale

Key Terms

Rule 10b5-1 trading plan, open-market sale, Form 4

3 terms

Rule 10b5-1 trading plan regulatory

"transactions were effected pursuant to a Rule 10b5-1 trading plan"

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

open-market sale financial

"transaction_action is described as an open-market sale"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Form 4 regulatory

"The transactions reported in this Form 4 were effected pursuant"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a 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). See Instruction 10.

1. Name and Address of Reporting Person^*

Ladd Delano

(Last) (First) (Middle)

C/O HEALTHEQUITY, INC.

15 W. SCENIC POINTE DR., STE. 100

(Street)

DRAPER UTAH 84020

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
HEALTHEQUITY, INC. [ HQY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, General Counsel

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/28/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/28/2026		S(1)		7,500	D	$90	91,141	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 12, 2025.

	/s/ Delano Ladd	06/01/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did HealthEquity (HQY) report for Delano Ladd?

HealthEquity reported that EVP and General Counsel Delano Ladd sold 7,500 shares of common stock. The open-market transaction occurred on May 28, 2026, and reflects a routine sale rather than an acquisition of additional shares.

At what price did Delano Ladd sell HealthEquity (HQY) shares?

Delano Ladd sold 7,500 HealthEquity common shares at $90.00 per share. This sale price, combined with the share count, indicates a sizable but not unusually large transaction for a senior executive’s personal holdings.

How many HealthEquity (HQY) shares does Delano Ladd hold after the sale?

After selling 7,500 shares, Delano Ladd directly holds 91,141 HealthEquity common shares. This remaining stake shows he retains a significant ownership interest even after the reported open-market transaction.

Was Delano Ladd’s HealthEquity (HQY) share sale under a Rule 10b5-1 plan?

Yes. The filing states the transactions were effected under a Rule 10b5-1 trading plan adopted on June 12, 2025. Such pre-arranged plans help insiders trade shares on a scheduled basis, reducing concerns about trade timing.

What type of transaction code was used in this HealthEquity (HQY) Form 4?

The Form 4 lists transaction code “S,” indicating a sale in the open market or a private transaction. This confirms the filing reflects a disposition of shares, not an option exercise, tax withholding, or a stock grant.

Is Delano Ladd’s ownership in HealthEquity (HQY) direct or indirect after the sale?

The Form 4 shows Delano Ladd’s remaining 91,141 HealthEquity shares as directly owned. The ownership code is “D,” meaning the holdings are in his direct name rather than through a trust, fund, or other indirect vehicle.