HealthStream (HSTM) EVP Michael Collier Receives RSU Award

What Happened

• Michael Collier, Executive Vice President of HealthStream (HSTM), received three awards totaling 23,093 restricted stock units (RSUs) on September 18, 2026 (2,566 + 15,395 + 5,132 RSUs). Each RSU represents the contingent right to one share upon vesting; the awards were granted at $0.00 (they are derivative awards, not open‑market purchases).

Key Details

• Transaction date: 2026-09-18; filing date (Form 4): 2026-09-22 (timely filed).
• Grant details: three separate RSU grants totaling 23,093 RSUs; grant price shown as $0.00 since these are awards.
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes (from the filing):
  • F1: Each RSU converts to one share upon vesting.
  • F2: A four‑year time‑based vesting schedule (15% on 9/18/2027; 20% on 9/18/2028; 30% on 9/18/2029; 35% on 9/18/2030).
  • F4: A different four‑year time‑based schedule vesting annually in four equal installments beginning 9/18/2027.
  • F5: Performance‑based RSUs vest (up to 25% per performance year) on 2/23/2028, 2/23/2029, 2/23/2030, and 2/23/2031, subject to achievement of committee‑set metrics; unvested amounts may be reconsidered in subsequent performance periods.
  • F3: Not applicable.
• Transaction code: "A" — award/grant (derivative), not a purchase or sale.

Context

• These are compensation awards (RSUs) that only convert to actual shares if vesting conditions (service and/or performance) are met. They do not represent an immediate cash transaction or open‑market trade.
• RSU grants are commonly used to retain executives and tie pay to future performance; they can result in future share issuance if/when vested. This filing is informational and does not by itself indicate buying or selling sentiment.