Roberts Scott Alexander 4

What Happened

• Scott Roberts, Chief Financial Officer and Senior Vice President of HealthStream (HSTM), was awarded 2,911 restricted stock units (RSUs) on March 18, 2026. The Form 4 reports the acquisition as a grant at $0.00 (transaction code A); the RSUs are a derivative award that converts to common shares upon vesting. This was a compensation grant rather than an open-market purchase or sale.

Key Details

• Transaction date and price: 2026-03-18 — 2,911 RSUs granted at $0.00 (award).
• Security type: Restricted Stock Units (derivative award). F1: each RSU converts to one share upon vesting.
• Vesting schedule (F2): 15% on 2027-03-18; 20% on 2028-03-18; 30% on 2029-03-18; 35% on 2030-03-18 — vesting contingent on continued service.
• Filing: Form 4 filed 2026-03-24 (six days after the transaction), which appears to be later than the typical 2-business-day reporting requirement.
• Shares owned after the transaction and grant-date market value are not disclosed in the provided filing. F3: not applicable.

Context

• RSU grants are routine executive compensation and do not represent an immediate cash purchase or sale; they become actual shares only as they vest. Because this is a grant (not a sale or open-market buy), it should be viewed as compensation rather than a direct insider market signal. The late filing may simply be an administrative delay but can trigger attention under Section 16 reporting rules.