X0306 4 2017-08-28 0 0001428336 HEALTHEQUITY INC HQY 0001651926 Soldan Jon C/O HEALTHEQUITY, INC. 15 W. SCENIC POINTE DR., STE. 100 DRAPER UT 84020 0 1 0 0 Exec VP, Operations Common Stock 2017-08-28 4 M 0 25000 28.69 A 30652 D Common Stock 2017-08-28 4 S 0 25000 40.6829 D 5652 D Stock Option (right to buy) 28.69 2017-08-28 4 M 0 25000 0 D 2025-08-26 Common Stock 25000 50000 D Stock Option (right to buy) 24.36 2026-03-23 Common Stock 18750 18750 D The option exercises and subsequent sale reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 9, 2017. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $40.39 to $41.11, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (2) to this Form 4. The option became exercisable as to 25,000 shares on August 26, 2017. The option becomes exercisable as to the remaining 50,000 shares in two equal installments of 25,000 on August 26, 2018 and 2019. The option became exercisable as to 6,250 shares on March 23, 2017. The option becomes exercisable as to the remaining 18,750 shares in thee equal annual installments of 6,250 on March 23, 2018, 2019 and 2020. /s/ Jon Soldan 2017-08-30