HealthStream director granted 3,654 RSUs

RAPPUHN TERRY ALLISON reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

RAPPUHN TERRY ALLISON reported acquisition or exercise transactions in this Form 4 filing.

HealthStream Inc director Terry Allison Rappuhn reported a new equity award and her current shareholdings. She received 3,654 restricted share units (RSUs), each representing the contingent right to one share of common stock when the units vest.

The RSUs are subject to a three-year vesting schedule and vest annually in three equal installments beginning May 28, 2027, contingent on continued service. Following the reported transactions, she directly holds 7,243 shares of common stock and the 3,654 RSUs, reflecting a routine compensation-related grant rather than an open-market trade.

Insider Trade Summary

Grant/Award: 3,654 shares

Grant/Award 2 txns

Insider RAPPUHN TERRY ALLISON

Role Director

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

Holdings After Transaction: Restricted Share Units — 3,654 contracts (Direct); Common Stock Holding — 7,243 shares (Direct)

Footnotes (3)

1. F1. Each restricted share unit (RSU) represents the contingent right to receive one share of common stock upon vesting of the unit.
2. F2. 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. F3. Not applicable.

Key Figures

RSUs granted: 3,654 units Underlying common stock for RSUs: 3,654 shares Common shares held: 7,243 shares +1 more

4 metrics

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

Underlying common stock for RSUs 3,654 shares Common stock issuable upon RSU vesting

Common shares held 7,243 shares Direct common stock holdings after reported transactions

RSU vesting start date May 28, 2027 First vesting date; award vests in three equal annual installments

Key Terms

restricted share unit (RSU), vesting schedule, contingent right, Common Stock

4 terms

restricted share unit (RSU) financial

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

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"

Common Stock financial

"underlying_security_title: Common Stock and Common Stock Holding"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

FAQ

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

What did HealthStream (HSTM) director Terry Allison Rappuhn report in this Form 4?

Terry Allison Rappuhn reported a grant of 3,654 restricted share units (RSUs). These RSUs are a form of equity compensation that convert into common stock upon vesting, and she also disclosed her direct holding of 7,243 HealthStream common shares.

How many restricted share units were granted to the HealthStream (HSTM) director?

The director received 3,654 restricted share units (RSUs). Each RSU represents the contingent right to receive one share of HealthStream common stock if the vesting conditions are satisfied over the three-year schedule beginning May 28, 2027.

What is the vesting schedule for the new HealthStream (HSTM) RSU grant?

The 3,654 RSUs vest over three years in equal annual installments. Vesting begins on May 28, 2027, and is contingent on the director’s continued service, with one-third of the award vesting each year until fully vested.

How many HealthStream (HSTM) common shares does the director hold after this Form 4?

After the reported transactions, the director holds 7,243 common shares directly. In addition, she has 3,654 RSUs outstanding, which may convert into the same number of common shares if the vesting conditions are met.

Is the HealthStream (HSTM) Form 4 transaction a market buy or sell of shares?

No, the Form 4 reflects an equity award, not an open-market trade. The transaction involves a grant of 3,654 RSUs as compensation, with no reported open-market purchases or sales of HealthStream common stock by the director.

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

Each RSU represents a contingent right to one share of common stock. The director will receive a share for each RSU that vests under the three-year schedule, assuming she continues in service through the applicable vesting dates.

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

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Accepted by SEC EDGAR 06/01/2026 - 04:13 PM EDT Learn about SEC filing dates

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^*

RAPPUHN TERRY ALLISON

(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)
			Code	V	Amount	(A) or (D)	Price
Common Stock Holding								7,243	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(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/ Terry A. Rappuhn	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)