Cunningham Jeff 4

What Happened

• Jeff Cunningham, Chief Technology Officer of HealthStream (HSTM), had restricted stock units (RSUs) convert into 5,601 shares on March 30, 2026. The RSUs converted at $0.00 (typical of RSU vesting rather than an option exercise).
• Of the vested shares, 1,364 shares were withheld to satisfy tax withholding obligations at $21.25 per share, totaling $28,985. After withholding, Cunningham received a net 4,237 shares.

Key Details

• Transaction date: March 30, 2026. Conversion price reported as $0.00 for the RSU-to-share conversion; tax-withheld shares priced at $21.25 each.
• Shares vested/converted: 5,601. Shares withheld for taxes: 1,364 (value $28,985). Net shares delivered to insider: 4,237.
• Transaction codes: M = exercise/conversion of derivative (here, RSU conversion); F = payment of tax liability via share withholding.
• Footnotes: F1–F3 note these were shares acquired on vesting of RSUs and that each RSU equals one share; F4–F9 describe various four-year vesting schedules and that some awards have performance-based vesting (see filing for full details).
• Filing timeliness: Reported and filed with a report period of 2026-03-30; no late filing indicated in the provided data.
• Total beneficial ownership after this transaction is not stated in the excerpt of the filing provided here.

Context

• This was an RSU vesting and tax-withholding transaction, a routine form of compensation settlement for executives. Withholding shares to cover taxes is common and does not necessarily indicate a voluntary sale or change in sentiment.
• For retail investors: vesting/Award transactions show executive compensation being realized; purchases are generally more informative as bullish signals, while vesting-withholdings are typically administrative.