Beard Charles Jr. 4

What Happened
Charles Beard Jr., a director of HealthStream, was granted 3,654 restricted stock units (RSUs) on May 28, 2026. The grant is recorded as an award (derivative) with an acquisition price of $0.00 per unit; each RSU represents the contingent right to receive one share of common stock upon vesting.

Key Details

• Transaction date: May 28, 2026; Form 4 filed June 1, 2026 (filed timely).
• Award: 3,654 RSUs; reported acquisition price $0.00 (derivative award).
• Vesting: RSUs vest annually in three equal installments beginning May 28, 2027 (three-year schedule) (footnotes F1 & F2).
• Shares owned after transaction: not specified in the provided filing.
• Other notes: No 10b5-1 plan, tax-withholding, or sale information reported in this filing (F3 = not applicable).

Context
RSUs are common compensation for directors and executives; they do not increase outstanding shares until they vest and are settled. This award is a grant (not a purchase or sale) and therefore does not indicate an immediate cash investment or disposition by the insider.