X0609 4 2026-08-25 0001428336 HEALTHEQUITY, INC. HQY 0001163402 DILLON ADRIAN T false C/O HEALTHEQUITY, INC. 15 W. SCENIC POINTE DR., STE. 100 DRAPER UT 84020 true false false false 1 Common Stock 2026-08-25 4 M 0 7632 32.50 A 70027 D Common Stock 2026-08-25 4 S 0 6300 104.4718 D 63727 D Common Stock 2026-08-25 4 S 0 1332 105.2557 D 62395 D Stock Option (right to buy) 32.50 2026-08-25 4 M 0 7632 0 D 2026-09-01 Common Stock 7632 0 D Stock Option (right to buy) 46.40 2027-02-01 Common Stock 4837 4837 D Stock Option (right to buy) 50.41 2028-02-01 Common Stock 4339 4339 D Stock Option (right to buy) 63.64 2029-02-01 Common Stock 3626 3626 D Stock Option (right to buy) 66.06 2030-02-01 Common Stock 4012 4012 D The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 20, 2025. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $104.10 to $105.07, 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 ranges set forth in footnotes 2 and 3 of this Form 4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $105.10 to $105.53, inclusive. The option is immediately exercisable. The Power of Attorney given by Mr. Dillon was previously filed with the U.S. Securities & Exchange Commission on February 5, 2024, as an exhibit to a statement on Form 4 filed by Mr. Dillon with respect to HealthEquity, Inc. and is hereby incorporated by reference. /s/ Michael Newton , Attorney-in-Fact 2026-08-27