STOCK TITAN

[Form 4] HEALTHSTREAM INC Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4

Michael M. Collier, Executive Vice President of HealthStream, reported insider transactions dated 09/29/2025. On that date 1,087 shares of common stock were acquired upon vesting of restricted share units (RSUs) and 265 shares were disposed (withheld) to satisfy tax withholding at a price of $29.08 per share. After these transactions the filing shows beneficial ownership of 50,569 shares (post-acquisition) and 50,304 shares (after withholding). The filing also reports RSU holdings that convert to common stock on scheduled vesting: 703 RSUs (subject to a four-year schedule with specified vesting dates) and 384 RSUs under a separate four-year schedule, with total reported post-transaction RSU-derived share counts of 2,285 and 2,176 respectively. The form is a routine Section 16 filing documenting executive compensation vesting and associated tax withholding.

Michael M. Collier, vicepresidente esecutivo di HealthStream, ha riferito operazioni d'interno datate 29/09/2025. In quella data sono state acquisite 1.087 azioni ordinarie al vesting di unità azionarie vincolate (RSU) e 265 azioni sono state liquidate (ritenute) per soddisfare l'imposta sul reddito, al prezzo di 29,08 USD per azione. Dopo queste operazioni la comunicazione mostra una proprietà beneficiaria di 50.569 azioni (post-acquisizione) e 50.304 azioni (dopo ritenute). La pratica riporta anche RSU che si convertiranno in azioni ordinarie al vesting programmato: 703 RSU (soggetti a un calendario quinquennale con date di vesting specificate) e 384 RSU stanziate secondo un altro piano quadriennale, con totali post-trasazione di RSU derivanti in azioni di 2.285 e 2.176 azioni rispettivamente. Il modulo è una normale dichiarazione della Sezione 16 che documenta la vesting della retribuzione esecutiva e la trattenuta fiscale associata.

Michael M. Collier, vicepresidente ejecutivo de HealthStream, reportó operaciones de insiders con fecha 29/09/2025. En esa fecha se adquirieron 1.087 acciones comunes al vesting de unidades de acciones restringidas (RSU) y se dispusieron (retenidas) 265 acciones para satisfacer la retención de impuestos a un precio de 29,08 USD por acción. Después de estas operaciones la presentación muestra una titularidad beneficiosa de 50.569 acciones (después de la adquisición) y 50.304 acciones (después de la retención). El informe también indica tenencias de RSU que se convertirán a acciones comunes en el vesting programado: 703 RSU (sujetas a un calendario de cuatro años con fechas de vesting especificadas) y 384 RSU bajo un segundo calendario de cuatro años, con totales de acciones derivadas de RSU post-trasacción de 2.285 y 2.176 respectivamente. El formulario es un archivo rutinario de la Sección 16 que documenta la compensación ejecutiva vesting y la retención de impuestos asociada.

Michael M. Collier, HealthStream의 수석 부사장, 2025년 9월 29일자로 내부자 거래를 보고했다. 그 날짜에 RSU(제한 주식 단위)의 가속 vesting에 따라 1,087주가 취득되었고 265주가 세금 원천징수를 충당하기 위해 처분(원천징수)되었으며 주당 가격은 29.08 USD였다. 이러한 거래 후 신고서는 취득 후 유익 소유 주식이 50,569주이고 원천징수 후에는 50,304주임을 보여준다. 신고서는 예정된 vesting에서 일반 주식으로 전환될 RSU 보유도 보고한다: 703RSU(4년 일정, 명시된 vesting 날짜 포함)와 384RSU로 다른 4년 일정에 따라 보유되며, 거래 후 RSU 유래 주식의 총합은 각각 2,285주와 2,176주이다. 이 양식은 경영진 보상 vesting 및 관련 세금 원천징수를 문서화하는 일반적인 섹션 16 보고서이다.

Michael M. Collier, vice-président exécutif de HealthStream, a signalé des opérations d’initiés datées du 29/09/2025. À cette date, 1 087 actions ordinaires ont été acquises lors du vesting d’unités d’actions restreintes (RSU) et 265 actions ont été cédées (retenues) pour satisfaire la retenue d’impôt à un prix de 29,08 USD par action. Après ces transactions, le dépôt indique une propriété bénéficiaire de 50 569 actions (après acquisition) et 50 304 actions (après retenue). Le dossier rapporte aussi des avoirs RSU qui se convertiront en actions ordinaires au vesting prévu: 703 RSU (sujettes à un calendrier de quatre ans avec des dates de vesting spécifiées) et 384 RSU sous un autre calendrier quadriennal, avec des totaux post-transaction d’actions dérivées RSU de 2 285 et 2 176 respectivement. Le formulaire est un dépôt routinier de la Section 16 qui documente la compensation exécutive lors du vesting et la retenue d’impôt associée.

Michael M. Collier, Executive Vice President von HealthStream, berichtete über Insider-Transaktionen vom 29.09.2025. An diesem Datum wurden 1.087 Stammaktien im Zusammenhang mit dem Vesting von Restricted Share Units (RSU) erworben, und es wurden 265 Aktien veräußert (eingezogen), um die Steuerabzüge zu bedienen, zum Preis von 29,08 USD pro Aktie. Nach diesen Transaktionen zeigt die Einreichung ein nützliches Eigentum von 50.569 Aktien (nach Erwerb) und 50.304 Aktien (nach Abzug). Die Einreichung berichtet auch RSU-Bestände, die gemäß geplantem Vesting in Stammaktien umgewandelt werden: 703 RSU (unterliegt einem Vierjahresplan mit festgelegten Vesting-Terminen) und 384 RSU unter einem separaten Vierjahresplan, mit insgesamt gemeldeten RSU-Aktienpost-Transaktions-Werten von 2.285 bzw. 2.176. Das Formular ist eine routinemäßige Section-16-Einreichung, die die Vergütung des Managements vesting und die damit verbundenen Steuerabzüge dokumentiert.

Michael M. Collier، نائب الرئيس التنفيذي لشركة HealthStream، أبلغ عن معاملات داخلية مؤرخة في 29/09/2025. في هذا التاريخ، تم اكتساب 1,087 سهماً عاديًا عند استحقاق وحدات الأسهم المقيدة (RSUs)، وتم التصرف في 265 سهماً (المحتجزة) لتلبية استقطاع الضرائب بسعر 29.08 دولاراً للسهم. بعد هذه المعاملات تُظهر الإيداع ملكية مستفيدة قدرها 50,569 سهماً (بعد الاستحواذ) و 50,304 أسهماً (بعد الاحتجاز). كما يشير التقرير إلى حيازات RSU التي تتحول إلى أسهم عادية عند الاستحقاق المجدول: 703 RSU (خاضعة لجدول أربع سنوات مع تواريخ استحقاق محددة) و 384 RSU ضمن جدول أربع سنوات آخر، مع إجمالي عدد الأسهم RSU المحملة بعد المعاملة يقدر بـ 2,285 و 2,176 على التوالي. النموذج هو إيداع دوري للقسم 16 يوثق مكافآة الإدارة عند الاستحقاق والسحب الضريبي المرتبط.

Michael M. Collier,HealthStream 的执行副总裁,报告了日期为 2025-09-29 的内幕交易。在该日期,1,087 股普通股在限制性股票单位(RSU)归属时被取得,另外 265 股在扣税以满足税款代扣时被处置,价格为每股 29.08 美元。交易后,备案显示的受益所有权为 50,569 股(完成收购后)以及 50,304 股(扣税后)。备案还报告按计划 vesting 将转化为普通股的 RSU 持有量:703 RSU(受四年计划约束,含明确的 vesting 日期)以及 384 RSU,属于另一份四年计划,交易后 RSU 转化后的总股数分别为 2,285 股和 2,176 股。该表格属于常规的第16条 filing,记录高管薪酬 vesting 与相关的税款扣缴。

Positive
  • Vesting occurred as scheduled, converting RSUs to common stock and increasing the executive's ownership, which aligns management and shareholder interests.
  • Transparent reporting of post-transaction beneficial ownership and tax-withheld shares provides clear disclosure of insider holdings.
Negative
  • None.

Insights

TL;DR: Routine executive RSU vesting and tax-withholding disclosure; no unusual insider trading indicated.

The filing documents scheduled vesting events for an executive officer, converting RSUs into common stock and showing shares withheld to cover tax obligations. These transactions are typical for equity-based compensation and align the executive's interests with shareholders by increasing stock ownership. The reporting is complete with post-transaction beneficial ownership figures, supporting transparency in insider holdings.

TL;DR: Standard compensation settlement: RSUs vested, shares issued, and taxes withheld per plan terms.

The detail that 1,087 shares vested and 265 shares were withheld at $29.08 clarifies net share delivery from RSU settlement. The filing cites two distinct four-year vesting schedules with specific vesting percentages and dates, indicating structured long-term retention incentives. No accelerated vesting, option exercises, or cash purchases are reported, which supports this being a routine compensation event.

Michael M. Collier, vicepresidente esecutivo di HealthStream, ha riferito operazioni d'interno datate 29/09/2025. In quella data sono state acquisite 1.087 azioni ordinarie al vesting di unità azionarie vincolate (RSU) e 265 azioni sono state liquidate (ritenute) per soddisfare l'imposta sul reddito, al prezzo di 29,08 USD per azione. Dopo queste operazioni la comunicazione mostra una proprietà beneficiaria di 50.569 azioni (post-acquisizione) e 50.304 azioni (dopo ritenute). La pratica riporta anche RSU che si convertiranno in azioni ordinarie al vesting programmato: 703 RSU (soggetti a un calendario quinquennale con date di vesting specificate) e 384 RSU stanziate secondo un altro piano quadriennale, con totali post-trasazione di RSU derivanti in azioni di 2.285 e 2.176 azioni rispettivamente. Il modulo è una normale dichiarazione della Sezione 16 che documenta la vesting della retribuzione esecutiva e la trattenuta fiscale associata.

Michael M. Collier, vicepresidente ejecutivo de HealthStream, reportó operaciones de insiders con fecha 29/09/2025. En esa fecha se adquirieron 1.087 acciones comunes al vesting de unidades de acciones restringidas (RSU) y se dispusieron (retenidas) 265 acciones para satisfacer la retención de impuestos a un precio de 29,08 USD por acción. Después de estas operaciones la presentación muestra una titularidad beneficiosa de 50.569 acciones (después de la adquisición) y 50.304 acciones (después de la retención). El informe también indica tenencias de RSU que se convertirán a acciones comunes en el vesting programado: 703 RSU (sujetas a un calendario de cuatro años con fechas de vesting especificadas) y 384 RSU bajo un segundo calendario de cuatro años, con totales de acciones derivadas de RSU post-trasacción de 2.285 y 2.176 respectivamente. El formulario es un archivo rutinario de la Sección 16 que documenta la compensación ejecutiva vesting y la retención de impuestos asociada.

Michael M. Collier, HealthStream의 수석 부사장, 2025년 9월 29일자로 내부자 거래를 보고했다. 그 날짜에 RSU(제한 주식 단위)의 가속 vesting에 따라 1,087주가 취득되었고 265주가 세금 원천징수를 충당하기 위해 처분(원천징수)되었으며 주당 가격은 29.08 USD였다. 이러한 거래 후 신고서는 취득 후 유익 소유 주식이 50,569주이고 원천징수 후에는 50,304주임을 보여준다. 신고서는 예정된 vesting에서 일반 주식으로 전환될 RSU 보유도 보고한다: 703RSU(4년 일정, 명시된 vesting 날짜 포함)와 384RSU로 다른 4년 일정에 따라 보유되며, 거래 후 RSU 유래 주식의 총합은 각각 2,285주와 2,176주이다. 이 양식은 경영진 보상 vesting 및 관련 세금 원천징수를 문서화하는 일반적인 섹션 16 보고서이다.

Michael M. Collier, vice-président exécutif de HealthStream, a signalé des opérations d’initiés datées du 29/09/2025. À cette date, 1 087 actions ordinaires ont été acquises lors du vesting d’unités d’actions restreintes (RSU) et 265 actions ont été cédées (retenues) pour satisfaire la retenue d’impôt à un prix de 29,08 USD par action. Après ces transactions, le dépôt indique une propriété bénéficiaire de 50 569 actions (après acquisition) et 50 304 actions (après retenue). Le dossier rapporte aussi des avoirs RSU qui se convertiront en actions ordinaires au vesting prévu: 703 RSU (sujettes à un calendrier de quatre ans avec des dates de vesting spécifiées) et 384 RSU sous un autre calendrier quadriennal, avec des totaux post-transaction d’actions dérivées RSU de 2 285 et 2 176 respectivement. Le formulaire est un dépôt routinier de la Section 16 qui documente la compensation exécutive lors du vesting et la retenue d’impôt associée.

Michael M. Collier, Executive Vice President von HealthStream, berichtete über Insider-Transaktionen vom 29.09.2025. An diesem Datum wurden 1.087 Stammaktien im Zusammenhang mit dem Vesting von Restricted Share Units (RSU) erworben, und es wurden 265 Aktien veräußert (eingezogen), um die Steuerabzüge zu bedienen, zum Preis von 29,08 USD pro Aktie. Nach diesen Transaktionen zeigt die Einreichung ein nützliches Eigentum von 50.569 Aktien (nach Erwerb) und 50.304 Aktien (nach Abzug). Die Einreichung berichtet auch RSU-Bestände, die gemäß geplantem Vesting in Stammaktien umgewandelt werden: 703 RSU (unterliegt einem Vierjahresplan mit festgelegten Vesting-Terminen) und 384 RSU unter einem separaten Vierjahresplan, mit insgesamt gemeldeten RSU-Aktienpost-Transaktions-Werten von 2.285 bzw. 2.176. Das Formular ist eine routinemäßige Section-16-Einreichung, die die Vergütung des Managements vesting und die damit verbundenen Steuerabzüge dokumentiert.

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).
1. Name and Address of Reporting Person*
Collier Michael Manning

(Last) (First) (Middle)
500 11TH AVENUE NORTH
SUITE 850

(Street)
NASHVILLE TN 37203

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
HEALTHSTREAM INC [ HSTM ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Executive Vice President
3. Date of Earliest Transaction (Month/Day/Year)
09/29/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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)
Code V Amount (A) or (D) Price
Common Stock Holding 09/29/2025 M 1,087(1) A $0 50,569 D
Common Stock Holding 09/29/2025 F 265(2) D $29.08 50,304 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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Share Units $0(3) 09/29/2025 M 703 (4) (5) Common Stock 703 $0 2,285 D
Restricted Share Units $0(3) 09/29/2025 M 384 (6) (5) Common Stock 384 $0 2,176 D
Explanation of Responses:
1. Shares acquired on vesting of restricted share units.
2. Shares withheld for payment of tax liability.
3. Each restricted share unit (RSU) represents the contingent right to receive one share of common stock upon vesting of the unit.
4. The RSUs are subject to a four year vesting schedule, contingent upon continued service at the time of vesting. 15% vest on September 20, 2024, 20% vest on September 20, 2025, 30% vest on September 20, 2026, and the remaining 35% vest on September 20, 2027.
5. Not applicable.
6. The RSUs are subject to a four year vesting schedule, contingent upon continued service at the time of vesting. 15% vest on September 18, 2025, 20% vest on September 18, 2026, 30% vest on September 18, 2027, and the remaining 35% vest on September 18, 2028.
/s/ Michael M. Collier 09/29/2025
** 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.

FAQ

What transactions did Michael M. Collier report on Form 4 for HSTM?

On 09/29/2025 Mr. Collier reported 1,087 shares acquired upon RSU vesting and 265 shares withheld for taxes at $29.08 per share.

How many shares does Michael M. Collier beneficially own after the reported transactions?

The filing shows beneficial ownership of 50,569 shares following the acquisition entry and 50,304 shares following the withholding entry.

What RSU vesting schedules are disclosed in the Form 4?

Two four-year RSU schedules are disclosed: one with 15% vesting in 2024, 20% in 2025, 30% in 2026, 35% in 2027; another with 15% vesting in 2025, 20% in 2026, 30% in 2027, 35% in 2028.

Were any option exercises or derivative transactions reported?

No option exercises were reported; the Form 4 records settlement of RSUs (derivative-like awards converting to common stock) and tax withholding only.

Does the Form 4 indicate any unusual or non-routine insider activity for HSTM?

No. The Form 4 reflects routine compensation vesting and tax withholding under the company’s equity plan.
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