HealthEquity Inc.
04/06/2026 | Press release | Distributed by Public on 04/06/2026 15:01
Management Change/Compensation (Form 8-K)
Item 5.02(b) Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On April 6, 2026, HealthEquity, Inc. (the "Company") announced that the employment of Eli Rosner, the Company's Chief Technology Officer, will be terminated by the Company without cause, effective April 17, 2026. Sunil Rajasekar, the Company's Executive Vice President, Chief Product and Strategy Officer, will be responsible for overseeing the Company's technology organization as of that date.
In consideration of Mr. Rosner's execution, delivery, and non-revocation of the release of claims against the Company and its subsidiaries and affiliates substantially in the form attached to his employment agreement, and his continuing compliance with certain restrictive covenants contained therein, Mr. Rosner will receive the previously negotiated severance payments and benefits set forth in the his employment agreement, as detailed in the Company's most recent proxy statement filed with the Securities and Exchange Commission on May 13, 2025, and his outstanding equity awards will be treated in a manner consistent with the terms of the 2014 Stock Incentive Plan, the 2024 Stock Incentive Plan, and his applicable award agreements.
Sunil Rajasekar has served as the Company's Executive Vice President, Chief Product and Strategy Officer since January 2026. Prior to joining HealthEquity, Mr. Rajasekar was the Chief Executive Officer and a director at BTRS Holdings, Inc., d/b/a Billtrust, from November 2022 through August 2025. Prior to serving as Billtrust's Chief Executive Officer, Mr. Rajasekar served as the President of MINDBODY, Inc. from September 2018 through August 2022. He was a General Manager at eBay Inc. from May 2016 through July 2018, the Chief Technology and Product Officer at Lithium Technologies, Inc. (currently d/b/a Khoros, LLC) and a Vice President at Intuit Inc. from February 2004 to May 2012. Prior to joining Intuit, Mr. Rajasekar held various senior roles at Cisco Corporation and Oracle Corporation. Mr. Rajasekar holds a Bachelor of Commerce from Loyola University and an M.B.A. from the University of Toledo.
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