Certain Common Stock of HealthEquity, Inc. are subject to a Lock-Up Agreement Ending on 7-JAN-2017.
January 06, 2017
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Certain Common Stock of HealthEquity, Inc. are subject to a Lock-Up Agreement Ending on 7-JAN-2017. These Common Stock will be under lockup for 75 days starting from 24-OCT-2016 to 7-JAN-2017.
Details:
Certain of the directors and executive officers and the selling stockholders have entered into lock-up agreements with the underwriters prior to the commencement of this offering pursuant to which they have agreed not to offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, any shares of the common stock or any securities convertible into or exercisable or exchangeable for the common stock for a period of 75 days without the prior written consent of Jefferies LLC and Raymond James & Associates, Inc.
HealthEquity, Inc. is engaged in providing technology-enabled services that help consumers make healthcare savings and spending decisions. The Company uses its technology to manage consumers' tax-advantaged health savings accounts (HSAs) and other consumer-directed benefits (CDBs) offered by employers, including flexible spending accounts and health reimbursement arrangements (FSAs and HRAs), and to administer Consolidated Omnibus Budget Reconciliation Act (COBRA), commuter and other benefits. It offers a mutual fund investment platform and access to an online-only automated investment advisory service to all its members. It offers multiple cloud-based platforms, accessed by its members online via a desktop or mobile device, through which individuals can make health saving and spending decisions, pay healthcare bills, compare treatment options and prices, receive personalized benefit and clinical information, earn wellness incentives, grow their savings and make investment choices.
HEALTHEQUITY, INC. 
