HealthEquity founder has shares withheld for taxes
HealthEquity, Inc. founder and vice chairman Stephen Neeleman reported a routine tax-related share withholding.
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Form Type
4
Rhea-AI Filing Summary
HealthEquity, Inc. founder and vice chairman Stephen Neeleman reported a routine tax-related share withholding. On April 6, 2026, 2,559 shares of common stock were withheld at $83.8363 per share to cover tax obligations, not as an open-market sale. After this, he directly holds 138,668 common shares, plus additional indirect holdings through the Stephen and Christine Neeleman Trust, his spouse, and Neeleman Family Holdings, LLC, and retains vested stock options over tens of thousands of shares.
Insider Trade Summary
Exercise Price or Tax Liability: 2,559 shares
Exercise Price or Tax Liability
1 txn
Insider
Neeleman Stephen
Role
FOUNDER AND VICE CHAIRMAN
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 2,559 | $83.8363 | $215K |
| Holding | Stock Option (right to buy) | -- | -- | -- |
| Holding | Stock Options (right to buy) | -- | -- | -- |
| Holding | Stock Options (right to buy) | -- | -- | -- |
| Holding | Common Stock | -- | -- | -- |
| Holding | Common Stock | -- | -- | -- |
| Holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 138,668 shares (Direct);
Stock Option (right to buy) — 19,897 contracts (Direct);
Stock Options (right to buy) — 29,565 contracts (Direct);
Common Stock — 752,735 shares (Indirect, See footnote)
Holdings Before and After:
Common Stock, 141,227 to 138,668 shares (Direct)
Footnotes (4)
- F1. Shares held of record by the Stephen and Christine Neeleman Trust.
- F2. The securities are beneficially owned by the Reporting Person's spouse. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
- F3. Shares held of record by Neeleman Family Holdings, LLC ("Family Holdings"), a Utah limited liability company. The reporting person is the manager of Family Holdings. The reporting person disclaims beneficial ownership of the shares held by Family Holdings except to the extent of his pecuniary interest therein and this report shall not be deemed an admission that the reporting person is the beneficial owner of the shares held by Family Holdings for any other purposes.
- F4. The option is immediately exercisable.
Key Figures
Tax-withheld shares: 2,559 shares
Withholding price: $83.8363 per share
Direct common shares: 138,668 shares
+5 more
8 metrics
Tax-withheld shares
2,559 shares
Common Stock withheld on April 6, 2026 for tax liability
Withholding price
$83.8363 per share
Value used for the 2,559 tax-withheld shares
Direct common shares
138,668 shares
Direct HQY ownership after the tax-withholding transaction
Option strike price
$41.2800
Exercise price for options over 19,897 HQY shares expiring 2027-03-27
Option strike price
$61.7200
Exercise price for options over 14,228 HQY shares expiring 2028-03-27
Option strike price
$73.6100
Exercise price for options over 15,337 HQY shares expiring 2029-03-26
Indirect trust holding
409,735 shares
Common Stock held by Stephen and Christine Neeleman Trust
Indirect LLC holding
203,000 shares
Common Stock held by Neeleman Family Holdings, LLC
Key Terms
tax-withholding disposition, Stock Option (right to buy, beneficial ownership, pecuniary interest, +1 more
5 terms
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Stock Option (right to buy financial
"security_title: "Stock Option (right to buy)""
beneficial ownership financial
"The reporting person disclaims beneficial ownership of these securities"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"except to the extent of his pecuniary interest therein"
Section 16 regulatory
"for purposes of Section 16 or for any other purpose"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did HQY founder Stephen Neeleman report?
Stephen Neeleman reported a tax-related share withholding, not an open-market trade. On April 6, 2026, 2,559 HQY common shares were withheld at $83.8363 each to satisfy tax obligations tied to equity compensation, while his overall share and option holdings remain substantial.
What HQY stock options does Stephen Neeleman retain after this Form 4?
Neeleman retains several vested stock option positions. These include options over 19,897 shares at a $41.2800 exercise price, 14,228 shares at $61.7200, and 15,337 shares at $73.6100, all exercisable for HealthEquity common stock with expirations between 2027 and 2029.
What indirect HQY holdings are associated with Stephen Neeleman?
Indirect HQY holdings are associated with the Stephen and Christine Neeleman Trust, his spouse, and Neeleman Family Holdings, LLC. These entities together hold 409,735, 140,000, and 203,000 shares, respectively, with footnotes noting various beneficial ownership disclaimers and pecuniary interest limitations.
AI-generated analysis. How Rhea-AI works. Not financial advice.
