X0306 4 2016-02-05 0 0001428336 HEALTHEQUITY INC HQY 0001615062 Kessler Jon 15 W. SCENIC POINTE DR., STE. 100 DRAPER UT 84020 1 1 0 0 President and CEO Common Stock 2016-02-05 4 M 0 20000 1.25 A 420000 D Stock Option (right to buy) 1.25 2016-02-05 4 M 0 20000 0 D 2021-08-08 Common Stock 20000 480000 D Stock Option (right to buy) .10 2019-07-01 Common Stock 75000 75000 D Stock Option (right to buy) .10 2019-07-01 Common Stock 70000 70000 D Stock Option (right to buy) .10 2019-03-26 Common Stock 300000 300000 D As previously reported in the reporting person's Form 3, the option grant had a $2.25 exercise price upon issuance. The $2.25 exercise price was automatically adjusted to $1.25 on August 4, 2014 as a result of the occurrence of an event specified in the terms of the option grant at the time of its issuance. The option is immediately exercisable. As previously reported in the reporting person's Form 3, the option grant had a $1.10 exercise price upon issuance. The $1.10 exercise price was automatically adjusted to $0.10 on August 4, 2014 as a result of the occurrence of an event specified in the terms of the option grant at the time of its issuance. /s/ Jon Kessler 2016-02-08