Stephen Neeleman, Founder and Vice Chairman of HealthEquity, Inc. (NASDAQ:HQY), filed a Form 4 on September 18, 2026, reporting a gift transaction in the company's common stock dated September 17, 2026.

Key Highlights

  • Transaction type: Neeleman disposed of 1,500 shares of common stock via a gift (Transaction Code G) at a price of $0 on September 17, 2026.
  • Direct holdings after transaction: Neeleman directly holds 137,565 shares of common stock following the reported transaction.
  • Trust holdings: 408,235 shares are held indirectly through the Stephen and Christine Neeleman Trust.
  • Spouse holdings: 140,000 shares are beneficially owned by Neeleman's spouse; Neeleman disclaims beneficial ownership of these securities.
  • Family Holdings LLC: 203,000 shares are held by Neeleman Family Holdings, LLC, a Utah limited liability company of which Neeleman is the manager; Neeleman disclaims beneficial ownership except to the extent of his pecuniary interest.
  • Outstanding stock options: Neeleman holds three tranches of directly owned stock options: 19,897 shares at $41.28, 14,228 shares at $61.72, and 15,337 shares at $73.61, each immediately exercisable and expiring on March 27, 2027, March 27, 2028, and March 26, 2029, respectively.

Neeleman Gift Transaction and Beneficial Ownership Details at HealthEquity

According to the filing, Stephen Neeleman, who serves as Founder and Vice Chairman of HealthEquity, Inc. (NASDAQ:HQY), transferred 1,500 shares of common stock as a gift on September 17, 2026, at a price of $0. The filing reports that following this transaction, Neeleman directly owns 137,565 shares of HealthEquity common stock.

The filing also details indirect holdings across several entities. A total of 408,235 shares are held of record by the Stephen and Christine Neeleman Trust. An additional 203,000 shares are held by Neeleman Family Holdings, LLC, described in the filing as a Utah limited liability company of which Neeleman is the manager. The filing states that Neeleman "disclaims beneficial ownership of the shares held by Family Holdings except to the extent of his pecuniary interest therein." A further 140,000 shares are described as beneficially owned by Neeleman's spouse, and the filing states that Neeleman "disclaims beneficial ownership of these securities."

In Table II, the filing discloses three tranches of stock options, all held directly and described as immediately exercisable: 19,897 shares underlying options at an exercise price of $41.28, expiring March 27, 2027; 14,228 shares at $61.72, expiring March 27, 2028; and 15,337 shares at $73.61, expiring March 26, 2029. The filing was signed by Stephen Neeleman and dated September 18, 2026.

What Was Disclosed

The Form 4 filed September 18, 2026, discloses a gift of 1,500 shares of HealthEquity common stock by Founder and Vice Chairman Stephen Neeleman on September 17, 2026, along with a full accounting of his direct and indirect beneficial ownership, including trust, family entity, and spouse holdings.