Collier Michael Manning 4

What Happened

• Michael Collier, Executive Vice President of HealthStream (HSTM), received 5,403 shares upon vesting of restricted stock units (RSUs) on February 27, 2026.
• To satisfy tax withholding, 1,602 shares were surrendered at $22.09 per share for a tax payment of $35,388. The filing reports other conversion/settlement lines related to the RSU award (transaction code M for exercise/conversion; code F for tax withholding). Net new shares to Collier: 3,801.

Key Details

• Transaction date: 2026-02-27; Filing date: 2026-02-27 (appears timely).
• Reported transactions: 5,403 shares acquired via RSU vesting (code M/A), 1,602 shares withheld for taxes (code F) at $22.09 each = $35,388.
• Net shares received by insider after withholding: 3,801 shares.
• Footnotes: Vesting reflects RSUs (1 RSU = 1 share). Vesting is contingent on continued service and performance; the performance target for Jan 1–Dec 31, 2025 was met, triggering the applicable vesting percentage (15% vested on Feb 27, 2026 per footnote).
• No open-market sale reported; withholding is a routine tax payment, not an indicator of a market sale.

Context

• This is an award/vesting event (not a purchase or voluntary sale). The conversion/exercise lines (code M) reflect settlement of RSUs into shares; the F-code disposal is the common share-withholding to cover tax obligations.
• Such withholding transactions are routine and are used to satisfy tax liabilities rather than to realize cash proceeds.