HealthStream (HSTM) EVP Collier Receives RSU Shares

What Happened

• Michael Collier, Executive Vice President of HealthStream (HSTM), had restricted stock units (RSUs) convert into common shares on September 29, 2026. The filing reports conversion/exercise or conversion of a total of 3,910 RSUs (1,955 + 1,055 + 512 + 388) into shares (RSUs convert at $0 exercise price).
• Of those, 477 shares were withheld to cover tax withholding at $29.10 per share, yielding $13,881 remitted for taxes. The remaining shares were issued to Collier as compensation (no cash purchase — RSUs vest and convert).

Key Details

• Transaction date: 2026-09-29.
• Conversion/exercise price: $0.00 per share (RSU vesting/conversion).
• Shares converted: total 3,910; shares withheld for taxes: 477 (tax withholding proceeds $13,881).
• Shares owned after transaction: not specified in the filing.
• Relevant footnotes: F1 (shares from vesting of RSUs), F2 (shares withheld for tax), F3 (each RSU = one share), plus footnotes describing multi-year vesting schedules for the grants (vesting schedules spanning 2024–2029).
• Filing timeliness: Reported on the same date (2026-09-29) — appears timely.

Context

• These transactions reflect RSU vesting (compensation) rather than an open-market purchase or discretionary sale. The withholding of 477 shares to satisfy tax obligations is a common net-settlement practice and does not necessarily indicate a sell decision beyond tax requirements.
• Dollar value of withheld shares (~$13.9k) is modest; purchases (buys) by insiders are typically considered stronger bullish signals than routine vesting or tax-related withholdings.