McQuigg Michael Scott 4

What Happened
Michael McQuigg, Senior Vice President of HealthStream (HSTM), was granted 2,911 restricted stock units (RSUs) on March 18, 2026. The award is reported at $0.00 per unit (no immediate cash outlay or proceeds). This is a grant/award (not an open-market purchase or sale).

Key Details

• Transaction date: 2026-03-18; reported on Form 4 filed 2026-03-24.
• Grant: 2,911 RSUs; reported price $0.00 (derivative award, no immediate cash value).
• Shares owned after the transaction: not disclosed in this filing.
• Footnotes:
  • Each RSU represents the contingent right to receive one share upon vesting.
  • Vesting schedule: 15% on 3/18/2027, 20% on 3/18/2028, 30% on 3/18/2029, 35% on 3/18/2030 (vesting contingent on continued service).
  • Footnote 3: Not applicable.
• Timing: The grant occurred 2026-03-18 and the Form 4 was filed 2026-03-24 (several days after the grant).

Context
RSUs are a form of deferred compensation: they convert into ordinary shares only if and when they vest, so this grant does not represent an immediate purchase or sale. Grants to executives are common and typically intended for retention; they do not necessarily signal a short-term view on the stock. Retail investors should note the multi-year vesting schedule before treating this as an immediate increase in insider-held shares.