HealthStream officer plans $640K share sale

The listed securities include restricted share unit transactions and a cashless option exercise dated November 5, 2026.

Available on EDGAR 11/05/2026 - 05:03 PM EST Accepted by SEC EDGAR 11/05/2026 - 05:02 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

HealthStream, Inc. (HSTM) lists officer Michael M. Collier's notice of a planned sale of 21,300 common shares, with an aggregate market value of $640,000, through Raymond James & Associates, Inc. The approximate sale date is November 5, 2026, and the form reports 30,632,969 shares outstanding. The listed securities include restricted share unit transactions and 18,000 shares from a cashless option exercise dated November 5, 2026.

Key Figures

Shares proposed for sale: 21,300 shares Aggregate market value: $640,000 Shares outstanding: 30,632,969 shares +1 more

4 metrics

Shares proposed for sale 21,300 shares Approximate sale date: November 5, 2026

Aggregate market value $640,000 Securities proposed for sale

Shares outstanding 30,632,969 shares Common stock

Shares from option exercise 18,000 shares Cashless option exercise dated November 5, 2026

Key Terms

Rule 144, Restricted Share Units, Cashless

3 terms

Rule 144 regulatory

"paragraph (a) of Rule 144"

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

Restricted Share Units financial

"Common Stock | 08/05/2014 | Restricted Share Units"

Restricted share units (RSUs) are a promise from a company to give an employee or service provider actual shares or cash equal to the shares after certain conditions are met, typically staying with the company for a set time or hitting performance targets. Think of them like a time-locked gift card that becomes usable only after you’ve earned it. For investors, RSUs matter because they align employee incentives with company performance and can increase the number of shares outstanding over time, diluting existing ownership and affecting earnings per share.

Cashless financial

"18000 | 11/05/2026 | Cashless"

A cashless transaction is any deal settled without exchanging physical money; value is transferred by swapping or adjusting securities, like shares or options, rather than paying cash. For investors this matters because cashless settlements preserve a company’s cash balance but can change share counts or ownership percentages, affecting dilution, earnings per share and the value of holdings—similar to trading goods for goods instead of using cash at checkout.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many HSTM shares is Michael M. Collier planning to sell?

Michael M. Collier, an officer, reported an intended sale of 21,300 HealthStream common shares, with an aggregate market value of $640,000, through Raymond James & Associates, Inc.

What date is listed for Michael M. Collier's HSTM sale?

The notice lists November 5, 2026 as the approximate date of sale.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001715401
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	HealthStream, Inc.
SEC File Number	000-27701
Address of Issuer	500 11TH AVENUE NORTH SUITE 850 NASHVILLE TENNESSEE 37203
Phone	615-301-3100
Name of Person for Whose Account the Securities are To Be Sold	Collier, Michael M
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Officer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common Stock	Raymond James & Associates, Inc. 880 Carillon Parkway St. Petersburg FL 33716	21300	640000.00	30632969	11/05/2026	Nasdaq

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common Stock	08/05/2014	Restricted Share Units	Issuer			173	08/05/2014	NA
Common Stock	07/28/2015	Restricted Share Units	Issuer			88	07/28/2015	NA
Common Stock	10/06/2015	Restricted Share Units	Issuer			131	10/06/2015	NA
Common Stock	03/21/2016	Restricted Share Units	Issuer			997	03/21/2016	NA
Common Stock	04/25/2016	Restricted Share Units	Issuer			202	04/25/2016	NA
Common Stock	08/05/2016	Restricted Share Units	Issuer			506	08/05/2016	NA
Common Stock	08/09/2016	Restricted Share Units	Issuer			166	08/09/2016	NA
Common Stock	09/20/2016	Restricted Share Units	Issuer			177	09/20/2016	NA
Common Stock	08/16/2017	Restricted Share Units	Issuer			860	08/16/2017	NA
Common Stock	11/05/2026	Option Exercise	Issuer			18000	11/05/2026	Cashless

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks
Date of Notice	11/05/2026
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/ Michael M Collier
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)