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HEALTHSTREAM INC·4

Mar 31, 8:55 AM ET

Collier Michael Manning 4

4 · HEALTHSTREAM INC · Filed Mar 31, 2026

Research Summary

AI-generated summary of this filing

Updated

HealthStream (HSTM) EVP Michael Collier Receives RSU Shares; Tax Withheld

What Happened
Michael Collier, Executive Vice President of HealthStream, had restricted stock units (RSUs) vest on March 30, 2026, resulting in the acquisition of 7,285 shares at $0.00 (conversion of derivative/RSU). To satisfy tax withholding, 1,774 of those shares were delivered/withheld at $21.25 per share, generating a tax withholding value of $37,698. Additional lots of vested RSU shares were reported as disposed (zero cash value in filing) consistent with withholding/settlement of vested awards.

Key Details

  • Transaction date: March 30, 2026. Filing date: March 31, 2026 (appears timely).
  • Primary acquisition: 7,285 shares acquired on vesting of RSUs (code M — conversion of derivative). Acquisition price: $0.00 per share.
  • Tax withholding/disposition: 1,774 shares withheld/disposed at $21.25 per share for $37,698 (code F — payment of tax liability). Several other RSU-related disposals (356; 560; 857; 2,067; 3,445 shares) are reported as derivative conversions/dispositions with $0.00 cash value in the filing.
  • Shares owned after the transaction: Not specified in the provided filing excerpt.
  • Relevant footnotes: F1 = shares acquired on RSU vesting; F2 = shares withheld for tax; F3–F9 describe RSU mechanics, multi-year vesting schedules and, for some awards, performance-based vesting (F9 notes performance criteria that partially vested on March 23, 2026).

Context

  • This was not an open-market purchase or sale for cash: it reflects RSU vesting (award conversion to shares) and routine withholding of shares to cover tax obligations (common administrative event).
  • Transaction codes: M = exercise/conversion of derivative (here, conversion of RSUs); F = shares withheld to pay taxes. These types of filings typically reflect compensation settlement rather than a directional trade signal.

Insider Transaction Report

Form 4
Period: 2026-03-30
HEALTHSTREAM INCHSTM
Collier Michael Manning
Executive Vice President
Transactions
  • Exercise/Conversion

    Common Stock Holding

    [F1]
    2026-03-30+7,285→ 62,067 total
  • Tax Payment

    Common Stock Holding

    [F2]
    2026-03-30$21.25/sh−1,774$37,698→ 60,293 total
  • Exercise/Conversion

    Restricted Share Units

    [F3][F4][F5]
    2026-03-30−356→ 2,020 total
    Exercise: $0.00→ Common Stock (356 underlying)
  • Exercise/Conversion

    Restricted Share Units

    [F3][F6][F5]
    2026-03-30−560→ 1,820 total
    Exercise: $0.00→ Common Stock (560 underlying)
  • Exercise/Conversion

    Restricted Share Units

    [F3][F7][F5]
    2026-03-30−857→ 1,000 total
    Exercise: $0.00→ Common Stock (857 underlying)
  • Exercise/Conversion

    Restricted Share Units

    [F3][F8][F5]
    2026-03-30−2,067→ 0 total
    Exercise: $0.00→ Common Stock (2,067 underlying)
  • Exercise/Conversion

    Restricted Share Units

    [F3][F9][F5]
    2026-03-30−3,445→ 4,306 total
    Exercise: $0.00→ Common Stock (3,445 underlying)
Footnotes (9)
  • [F1]Shares acquired on vesting of restricted share units.
  • [F2]Shares withheld for payment of tax liability.
  • [F3]Each restricted share unit (RSU) represents the contingent right to receive one share of common stock upon vesting of the unit.
  • [F4]The RSUs are subject to a four year vesting schedule, contingent upon continued service at the time of vesting. 15% vest on March 19, 2026, 20% vest on March 19, 2027, 30% vest on March 19, 2028, and the remaining 35% vest on March 19, 2029.
  • [F5]Not applicable.
  • [F6]The RSUs are subject to a four year vesting schedule, contingent upon continued service at the time of vesting. 15% vest on March 20, 2025, 20% vest on March 20, 2026, 30% vest on March 20, 2027, and the remaining 35% vest on March 20, 2028.
  • [F7]The RSUs are subject to a four year vesting schedule, contingent upon continued service at the time of vesting. 15% vest on March 22, 2024, 20% vest on March 22, 2025, 30% vest on March 22, 2026, and the remaining 35% vest on March 22, 2027.
  • [F8]The RSUs are subject to a four year vesting schedule, contingent upon continued service at the time of vesting. 15% vest on March 23, 2023, 20% vest on March 23, 2024, 30% vest on March 23, 2025, and the remaining 35% vest on March 23, 2026.
  • [F9]Vesting of these RSUs is contingent upon continued service at the time of vesting and the achievement of certain performance criteria. The performance criteria will be established on an annual basis by the Compensation Committee of the Board of Directors. 15% vest on March 23, 2023 for the period January 1, 2022 through December 31, 2022; 20% vest on March 23, 2024 for the period January 1, 2023 through December 31, 2023; 20% vest on March 23, 2025 for the period January 1, 2024 through December 31, 2024; 20% vest on March 23, 2026 for the period January 1, 2025 through December 31, 2025; and 25% vest on March 23, 2027 for the period January 1, 2026 through December 31, 2026. Vesting is determined based on actual performance. The performance criteria for the period January 1, 2025 through December 31, 2025 was achieved; therefore 20% of the awards vested on March 23, 2026.
Signature
/s/ Michael M. Collier|2026-03-31

Documents

1 file
  • 4
    rdgdoc.xmlPrimary

    FORM 4