Coady Trisha L 4

What Happened

• Trisha L. Coady, Executive Vice President of HealthStream (HSTM), had restricted share units (RSUs) convert into shares on Feb 27, 2026. The filing reports 3,803 shares acquired via conversion (code M). To cover tax obligations, 1,128 of those shares were withheld at $22.09 per share for a withholding value of $24,918 (code F). The filing also shows two additional RSU conversions of 2,000 and 1,803 shares that were reported as disposed (both reported at $0.00 in the filing).

Key Details

• Transaction date: 2026-02-27.
• Reported transactions:
  • 3,803 shares acquired (conversion of RSUs) — code M, $0.00 reported acquisition cost.
  • 1,128 shares withheld for taxes — code F, 1,128 x $22.09 = $24,918 disposed to cover tax liability.
  • 2,000 shares converted and reported as disposed — code M, $0.00 reported.
  • 1,803 shares converted and reported as disposed — code M, $0.00 reported.
• Shares owned after the transactions: not disclosed in this filing.
• Footnotes: RSUs = contingent right to one share on vesting (F1–F3). Vesting is service- and performance-based; performance criteria for the 2025 period were achieved, causing portions of awards to vest in late Feb 2026 under different award schedules (see F4 and F6).
• Timeliness: Form filed 2026-02-27 reporting transactions on 2026-02-27 (appears timely).

Context

• The M code entries indicate conversion/exercise of derivatives (here, RSUs converting to common shares). The F code reflects share withholding to satisfy tax withholding obligations. The filing reports some converted shares as "disposed" but does not provide sale prices or specify whether those were sold on market or surrendered as part of net settlement; the only monetary figure reported is the tax withholding (~$24,918). These types of transactions are typically routine vesting and tax-withholding events rather than open-market purchases or discretionary sales.