Beard Charles Jr. 4

What Happened Charles Beard Jr., a director of HealthStream, had 1,249 restricted share units (RSUs convert to common shares) vest and converted into 1,249 shares on June 8, 2026. The Form 4 records these as derivative exercises/conversions (transaction code M) at $0.00 — the filing reports no cash paid for the shares (value shown $0).

Key Details

• Transaction date: June 8, 2026; Form 4 filed June 9, 2026 (timely).
• Reported transactions: 1,249 shares acquired via conversion of RSUs (listed as exercise/conversion of derivative, code M).
• Price: $0.00 per share reported (conversion on vesting); total reported consideration $0.
• Shares owned after transaction: not specified in the filing.
• Footnotes: RSUs convert 1-for-1 to common shares on vesting (F1–F2). RSUs are subject to a three‑year service-based vesting schedule, vesting annually in three equal installments beginning May 29, 2026 (F3). No tax-withholding or sale-on-vesting details disclosed.

Context This was not an open-market purchase or sale but the vesting/conversion of compensation RSUs into shares—a routine, service‑based equity award vesting event. Such awards reflect compensation and vesting conditions rather than an explicit buy/sell signal by the insider. The filing was timely (next-business-day).