RAPPUHN TERRY ALLISON 4

What Happened

• Terry Rappuhn, a director of HealthStream, received an award of 3,654 restricted stock units (RSUs) on May 28, 2026. The grant shows an acquisition price of $0.00 (non-cash award); no immediate cash changed hands and no shares were transferred at grant.

Key Details

• Transaction date: May 28, 2026; Form 4 filed June 1, 2026 (Accession: 0001437749-26-019039).
• Award: 3,654 RSUs at $0.00 (derivative award — contingent right to stock).
• Shares owned after transaction: not specified in the provided filing summary.
• Footnotes: (F1) Each RSU represents the contingent right to one share upon vesting. (F2) RSUs vest annually in three equal installments beginning May 28, 2027, contingent on continued service. (F3) Not applicable.
• No indication in the provided data that the filing was late.

Context

• RSU grants are non-cash compensation and do not represent immediate ownership — Rappuhn will only receive shares as the RSUs vest over the stated three-year schedule. Such awards are common for directors as compensation and are different from open-market purchases or sales that signal immediate bullish or bearish sentiment.