Collier Michael Manning 4

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.