Collier Michael Manning 4

What Happened Michael Collier, Executive Vice President of HealthStream, was awarded 18,781 derivative securities (an option grant) on May 8, 2026. The reported acquisition price is $0.00 (this reflects an award/grant of options rather than a cash purchase). Because these are option awards, there is no immediate cash value reported on the Form 4.

Key Details

• Transaction date: 2026-05-08; Form 4 filed: 2026-05-12. (Form 4s are generally due within two business days of the transaction; compare timing for compliance.)
• Acquisition type: A (award/grant) of derivative securities (options); reported price $0.00.
• Number of options granted: 18,781.
• Shares owned after transaction: Not disclosed in the provided filing.
• Footnote (vesting): Options vest contingent on continued service — 15% on May 8, 2027; 20% on May 8, 2028; 20% on May 8, 2029; 20% on May 8, 2030; and the remaining 25% on May 8, 2031.
• No indication in the filing that shares were sold or that this was a cashless transaction.

Context This was an equity compensation award (options) as part of executive pay, not an open‑market purchase or sale. Option grants are common for retaining executives and typically do not signal an immediate trading view — value is realized only if options vest and are exercised and/or sold later. Retail investors should view such grants primarily as compensation-related; purchases or sales by insiders are often more directly informative about personal views on the stock.