Collier Michael Manning 4

What Happened Michael Collier, Executive Vice President of HealthStream, was granted 3,639 restricted stock units (RSUs) on March 18, 2026. The RSUs were issued at a $0.00 price (typical for time‑based equity awards) and therefore show no immediate cash value in the filing. This is an award/grant (derivative) rather than a purchase or sale of existing shares.

Key Details

• Transaction date: March 18, 2026; reported on Form 4 filed March 24, 2026 (filed 6 days after the transaction).
• Grant details: 3,639 RSUs, grant price reported as $0.00 (derivative award).
• Shares owned after transaction: not disclosed in this filing.
• Footnotes: F1 — each RSU is the contingent right to receive one common share upon vesting; F2 — vesting schedule is four years (15% on 3/18/2027; 20% on 3/18/2028; 30% on 3/18/2029; 35% on 3/18/2030); F3 — not applicable.
• Timeliness: The Form 4 was filed March 24, 2026, which is after the typical 2-business‑day deadline for reporting such transactions.

Context RSUs are time‑based compensation that convert into shares only if the executive remains employed and the units vest; they do not represent immediate ownership of common stock until vesting and delivery. Grants like this are common for retention and compensation and should not be interpreted as a buy or sell signal on their own.