How many restricted share units did the HealthStream director receive?

Charles Jr. Beard received 3,654 restricted share units. Each RSU represents a contingent right to one share of HealthStream common stock, providing equity-based compensation that aligns the director’s interests with shareholders as the units vest and convert into shares over several years.

What does each restricted share unit (RSU) in the HealthStream filing represent?

Each restricted share unit represents a contingent right to receive one share of HealthStream common stock upon vesting. The director only receives actual shares as the RSUs vest under the three-year schedule and service conditions described in the filing’s footnotes.

HealthStream (HSTM) director receives 3,654 restricted share units grant

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Beard Charles Jr. reported acquisition or exercise transactions in this Form 4 filing.

HealthStream Inc. director Charles Jr. Beard reported an equity compensation grant rather than a stock trade. On May 28, 2026, he received 3,654 restricted share units (RSUs), each representing the right to receive one share of HealthStream common stock when it vests.

The RSUs follow a three-year vesting schedule, vesting in three equal annual installments beginning May 28, 2027, and require continued service through each vesting date. This filing does not show any open-market purchases or sales, and Beard’s post-transaction direct RSU holding from this grant is 3,654 units.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Beard Charles Jr.

Role null

Type	Security	Shares	Price	Value
Grant/Award	Restricted Share Units	3,654	$0.00	--
holding	Common Stock Holding	--	--	--

Holdings After Transaction: Restricted Share Units — 3,654 shares (Direct, null); Common Stock Holding — 0 shares (Direct, null)

Footnotes (1)

Each restricted share unit (RSU) represents the contingent right to receive one share of common stock upon vesting of the unit. The RSU's are subject to a three year vesting schedule, contingent upon continued service at the time of vesting. The RSU's vest annually beginning May 28, 2027 in three equal installments. Not applicable.

Key Figures

RSUs granted: 3,654 units RSU-to-share ratio: 1 RSU : 1 share Vesting term: 3 years +2 more

5 metrics

RSUs granted 3,654 units Restricted share units granted on May 28, 2026

RSU-to-share ratio 1 RSU : 1 share Each RSU represents one share of common stock upon vesting

Vesting term 3 years RSUs vest over three years, contingent on continued service

Vesting start date May 28, 2027 RSUs vest annually in three equal installments beginning this date

Holdings after grant 3,654 RSUs Total direct RSU holding reported for this grant after transaction

Key Terms

Restricted Share Units, RSU, vesting schedule, contingent right

4 terms

RSU financial

"Each restricted share unit (RSU) represents the contingent right to receive one share"

Restricted stock units (RSUs) are a form of company shares given to employees as part of their compensation, usually with certain restrictions or conditions, such as remaining with the company for a set period. When these restrictions lift, employees receive actual shares that they can sell or hold. For investors, RSUs can impact a company's stock supply and reflect the company's commitment to attracting and retaining talent.

vesting schedule financial

"The RSU's are subject to a three year vesting schedule, contingent upon continued service"

A vesting schedule is a timeline that determines when someone gains full ownership of certain benefits, such as company stock or retirement contributions. Think of it like earning the right to own a gift gradually over time, rather than receiving it all at once. It matters to investors because it affects when they can fully access or sell these benefits, influencing their financial planning and decision-making.

contingent right financial

"represents the contingent right to receive one share of common stock upon vesting"

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Form 4 Insider Transactions: What Each Field Means →

06/01/2026 - 04:07 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Beard Charles Jr.

(Last)

(First)

(Middle)

500 11TH AVENUE NORTH

SUITE 850

(Street)

NASHVILLE

TENNESSEE

37203

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
HEALTHSTREAM INC [ HSTM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/28/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock Holding								0	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Share Units	$0⁽¹⁾	05/28/2026		A		3,654		⁽²⁾	⁽³⁾	Common Stock	3,654	$0	3,654	D

Explanation of Responses:

1. Each restricted share unit (RSU) represents the contingent right to receive one share of common stock upon vesting of the unit.

2. The RSU's are subject to a three year vesting schedule, contingent upon continued service at the time of vesting. The RSU's vest annually beginning May 28, 2027 in three equal installments.

3. Not applicable.

	/s/ Charles E. Beard Jr.	06/01/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider activity did HealthStream (HSTM) disclose for Charles Jr. Beard?

HealthStream disclosed that director Charles Jr. Beard received an equity grant of 3,654 restricted share units on May 28, 2026. These units are compensation-based awards, not open-market trades, and convert into common shares only when they vest over time.

What is the vesting schedule of the HealthStream RSU grant reported for HSTM?

The 3,654 RSUs are subject to a three-year vesting schedule. They vest in three equal annual installments beginning May 28, 2027, and require continued service at each vesting date, meaning the director receives shares gradually instead of all at once.

Does the HealthStream Form 4 show any stock purchases or sales by the director?

The Form 4 does not show any open-market purchases or sales. It reports a grant of 3,654 restricted share units as compensation and a holding entry, indicating no cash stock transactions by director Charles Jr. Beard on the reported date.