What does each restricted share unit (RSU) represent in the HSTM Form 4 filing?

Each restricted share unit represents a contingent right to receive one share of HEALTHSTREAM INC common stock upon vesting. This means RSUs are not shares immediately, but convert into shares if service-based vesting conditions are satisfied over time.

HealthStream (HSTM) director receives 3,654 RSUs in new equity grant

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

REBROVICK LINDA reported acquisition or exercise transactions in this Form 4 filing.

HEALTHSTREAM INC director Linda Rebrovick reported an equity award and updated holdings. She received a grant of 3,654 restricted share units (RSUs), each representing the right to receive one share of common stock upon vesting. The RSUs vest over three years in three equal annual installments starting on May 28, 2027, contingent on continued service. Following this update, she holds 56,181 shares of common stock directly and 3,654 RSUs as a separate derivative position.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider REBROVICK LINDA

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 — 56,181 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

RSU grant size: 3,654 units Common shares held: 56,181 shares RSU conversion ratio: 1 share per unit +2 more

5 metrics

RSU grant size 3,654 units Restricted share units awarded to director on May 28, 2026

Common shares held 56,181 shares Direct common stock holdings after reported update

RSU conversion ratio 1 share per unit Each RSU represents right to one common share upon vesting

Vesting start date May 28, 2027 First of three equal annual RSU vesting installments

Vesting period 3 years RSUs vest in three equal annual installments, contingent on service

Key Terms

Restricted Share Units, vesting schedule, contingent right

3 terms

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 of the unit"

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Form 4 Insider Transactions: What Each Field Means →

06/01/2026 - 04:11 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^*

REBROVICK LINDA

(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								56,181	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/ Linda Rebrovick	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 transaction did HEALTHSTREAM INC (HSTM) report for Linda Rebrovick?

HEALTHSTREAM INC reported that director Linda Rebrovick received a grant of 3,654 restricted share units. Each RSU represents the right to receive one share of common stock upon vesting, updating her overall equity-based compensation position at the company.

How many RSUs did Linda Rebrovick receive in the latest HSTM Form 4 filing?

Linda Rebrovick received 3,654 restricted share units. These RSUs are a form of stock-based compensation that convert into common shares upon vesting, aligning the director’s interests with shareholders over a multi-year period tied to continued service.

What is the vesting schedule for Linda Rebrovick’s 3,654 RSUs at HEALTHSTREAM INC (HSTM)?

The 3,654 RSUs vest over three years in equal annual installments beginning May 28, 2027. Vesting is contingent on her continued service at the time of each vesting date, spreading the equity compensation over a multi-year horizon.

How many HEALTHSTREAM INC (HSTM) common shares does Linda Rebrovick hold after this filing?

After this update, Linda Rebrovick holds 56,181 shares of HEALTHSTREAM INC common stock directly. In addition, she has 3,654 restricted share units outstanding, which may convert into common shares as they vest over the three-year schedule.

Is the RSU grant to Linda Rebrovick a purchase or a compensation award at HEALTHSTREAM INC (HSTM)?

The RSU grant to Linda Rebrovick is a compensation award, not an open-market purchase. It is reported with a grant/award acquisition code and has a stated vesting schedule, reflecting stock-based compensation rather than a cash-funded share purchase.