Coady Trisha L 4

What Happened

• Trisha L. Coady, Executive Vice President of HealthStream (HSTM), had 5,672 restricted stock units (RSUs) convert to common shares (reported as derivative exercise/conversion) on March 30, 2026. The RSUs converted at no exercise price (reported $0).
• To cover tax withholding, 1,382 of those shares were surrendered at $21.25 per share, totaling $29,368. Net of withholding, 4,290 shares were issued to her. At the reported $21.25 price, the 5,672 vested shares implied a market value of about $120,530.

Key Details

• Transaction date: 2026-03-30; Form filed 2026-03-31 (appears timely).
• Actions reported: M = exercise/conversion of RSUs (5,672 shares acquired); F = shares withheld for tax (1,382 shares disposed at $21.25 for $29,368).
• Shares received net of withholding: 4,290 shares (5,672 vested − 1,382 withheld).
• Footnotes indicate these were RSUs (each RSU equals one share on vesting) and that the withholding satisfied tax liabilities. Vesting is subject to service and, where applicable, performance criteria per the filing’s footnotes.
• Filing does not list total shares beneficially owned after the transaction in the provided extract.

Context

• This was a vesting/settlement of RSUs (not a market purchase or open-market sale). The RSUs converted to shares (no cash exercise); withholding of shares for taxes is a routine administrative step (often called share withholding or "cashless" tax withholding) and not an open-market sale.
• Such award vestings are common compensation events; they reflect granted equity becoming deliverable subject to the company’s vesting rules and any performance conditions noted in the filing.