X0306 4 2017-02-01 0 0001428336 HEALTHEQUITY INC HQY 0001352786 Rana Manu S 280 PARK AVENUE, 3RD FLOOR NEW YORK NY 10017 1 0 0 0 Restricted Stock Units 2017-02-01 4 A 0 862 0 A Common Stock 862 862 D Stock Option (right to buy) 46.4 2017-02-01 4 A 0 9675 0 A 2027-02-01 Common Stock 9675 9675 D Stock Option (right to buy) 21.27 2026-02-01 Common Stock 15000 15000 D Restricted Stock Unit Common Stock 795 795 D Stock Option (right to buy) 1.25 2021-10-25 Common Stock 7500 7500 D Stock Option (right to buy) 1.25 2022-04-26 Common Stock 15000 15000 D Stock Option (right to buy) 1.5 2023-05-09 Common Stock 15000 15000 D Stock Option (right to buy) 14 2024-07-30 Common Stock 15000 15000 D Stock Option (right to buy) 25.39 2025-03-26 Common Stock 15000 15000 D Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock. The restricted stock units vested as to 215 shares on February 1, 2017. The remaining restricted stock units vest as to 215 shares on May 1, 2017 and in two equal installments of 216 shares on August 1, 2017, and November 1, 2017. Vested shares will be delivered to the reporting person on February 1, 2018, unless such date does not occur during an "open window period," in which case the shares will be delivered promptly following the first day of the next "open window period." The option becomes exercisable as to 4,837 shares on the date of the issuer's annual stockholder meeting, if any, held in the current fiscal year; the option becomes exercisable as to the remaining shares on January 31, 2018. The option is immediately exercisable. The restricted stock units are fully vested. Vested shares will be delivered to the reporting person upon the earlier of a change of control of the issuer (as defined in the issuer's 2014 equity incentive plan), or the reporting person's termination of service (as defined in the issuer's 2014 equity incentive plan), or the reporting person's death, unless such event does not occur during an "open window period," in which case the shares will be delivered promptly following the first day of the next "open window period." Exhibit List: Exhibit 24 - Power of Attorney /s/ Delano W. Ladd, attorney-in-fact 2017-02-03