HealthStream (HSTM) EVP Trisha Coady Receives 23,093 RSU Award

What Happened Trisha L. Coady, Executive Vice President of HealthStream, was granted three awards of restricted stock units (RSUs) totaling 23,093 RSUs on September 18, 2026 (transaction code A). The awards were recorded at $0.00 per unit (derivative RSUs); no shares were exchanged for cash. These RSUs represent contingent rights to receive one share of common stock upon vesting.

Key Details

• Transaction date: 2026-09-18; Form 4 filed 2026-09-22 (filed after the typical 2-business-day Form 4 window).
• Grants: 2,566 RSUs; 15,395 RSUs; and 5,132 RSUs (total = 23,093 RSUs).
• Price: $0.00 (award/grant of RSUs, not an open-market purchase or sale).
• Vesting terms (per filing footnotes):
  • One grant vests 15% on 9/18/2027, 20% on 9/18/2028, 30% on 9/18/2029 and 35% on 9/18/2030.
  • One grant vests in four equal annual installments beginning 9/18/2027.
  • One grant vests subject to performance criteria: up to 25% may vest for each performance period ending 12/31/2027, 12/31/2028, 12/31/2029 and 12/31/2030 (vesting determinations made early each following year).
• Each RSU entitles the holder to receive one share upon vesting (footnote basis).
• Shares owned after the transaction: Not disclosed in this filing.
• Filing timeliness: The Form 4 was filed four days after the grant date and appears late relative to the usual 2-business-day Form 4 reporting requirement.

Context

• These are restricted stock unit awards (derivative securities) that do not provide immediate stock ownership or proceeds; actual value will depend on HealthStream’s share price at settlement/vesting and satisfaction of service and/or performance conditions.
• Grants like these are routine for executives as part of compensation packages and should be interpreted as deferred, conditional compensation rather than an immediate buy or sell signal.