MCLAREN JEFFREY L 4

What Happened

• Jeffrey L. McLaren, a director of HealthStream, had restricted share units (RSUs) vest and convert into 3,148 shares on June 8, 2026 (transaction code M — exercise/conversion of derivative). The filing reports the per-share exercise/conversion price as $0.00. On the same date the filing shows three disposals of 1,126, 1,006 and 1,016 shares (also at $0.00), totaling 3,148 shares, so the net change in reported shares beneficially owned is zero. This activity reflects compensation-related vesting, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-08; Form 4 filed: 2026-06-09 (appears timely).
• Acquired: 3,148 shares at $0.00 (RSU vesting/conversion). Disposed: 1,126, 1,006, and 1,016 shares at $0.00 (total disposed 3,148).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes: F1–F6 indicate these were RSU vesting events. F2 notes each RSU equals the contingent right to one share. F3–F6 describe three-year vesting schedules for different RSU grants (annual vesting in equal installments beginning in 2024, 2025 and 2026).
• Transaction code: M = exercise or conversion of a derivative (here, RSUs converting to common shares).

Context

• This was compensation-related vesting (award conversion), not a market buy or sale. The matched disposals equal the shares issued, resulting in no net increase in beneficial ownership per the filing. The filing does not state the reason for the disposals (e.g., tax withholding or other settlement mechanics).