GORDON FRANK 4

What Happened

• Gordon Frank, a director of HealthStream, had 3,148 restricted share units (RSUs) vest and convert into 3,148 shares on June 8, 2026. The Form 4 reports an acquisition of 3,148 shares at $0.00 (vesting/conversion) and three matching disposals totaling 3,148 shares at $0.00 (withholdings/dispositions).
• Because all vested shares were disposed/withheld immediately, there is no net increase in shares held by the insider based on this filing.

Key Details

• Transaction date: June 8, 2026; Form filed June 9, 2026 (timely).
• Reported transaction code: M (exercise or conversion of a derivative — here, RSU vesting).
• Acquired: 3,148 shares @ $0.00; Disposed: 1,126, 1,006, and 1,016 shares @ $0.00 (total disposed = 3,148).
• Share ownership after transaction: not disclosed on the Form 4 (not reported in the provided data).
• Footnotes: F1–F3/F5/F6 indicate these were RSUs (each RSU = 1 share) subject to three‑year vesting schedules with annual installments; the disposals reflect customary withholding or disposition on vesting.

Context

• This is a routine vesting and tax withholding event (RSUs converting to shares, then shares withheld/transferred to satisfy tax obligations), not an open‑market purchase or sale signaling a directional bet.
• Transaction amounts are reported with $0.00 acquisition price because RSUs convert to stock without an exercise payment; market value at vesting is not shown on the Form 4.