X0508 4 2025-12-12 0001428336 HEALTHEQUITY, INC. HQY 0001712960 Wellborn Gayle Furgurson C/O HEALTHEQUITY, INC. 15 W. SCENIC POINTE DR., STE. 100 DRAPER UT 84020 true false false false 0 Common Stock 2025-12-12 4 M 0 4339 50.41 A 24072 D Common Stock 2025-12-12 4 S 0 4339 98.0251 D 19733 D Stock Option (right to buy) 47.21 2027-08-01 Common Stock 2439 2439 D Stock Options (right to buy) 50.41 2025-12-12 4 M 0 4339 0 D 2028-02-01 Common Stock 4339 0 D The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $97.87 to $98.20 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 footnote (1) of this Form 4. The option is immediately exercisable. The Power of Attorney given by Ms. Wellborn was previously filed with the U.S. Securities and Exchange Commission on June 26, 2023, as an exhibit to a statement on Form 4 filed by Ms. Wellborn with respect to HealthEquity, Inc. and is hereby incorporated by reference. /s/ Michael Newton, Attorney-in-Fact 2025-12-16