HealthStream (HSTM) grants CFO 2,507 RSUs and 7,522 stock options on Dec. 9, 2025

Rhea-AI Filing Summary

HealthStream Inc. reported equity awards to its CFO and SVP, Scott A. Roberts, dated December 9, 2025. He received 2,507 restricted share units, each representing the right to receive one share of common stock upon vesting, and 7,522 employee stock options with an exercise price of $23.93 per share, both tied to HealthStream common stock.

The RSUs and options vest over four years, with 15% vesting on December 9, 2026, 20% on December 9, 2027, 30% on December 9, 2028, and the remaining 35% on December 9, 2029, contingent on continued service. Following these grants, Roberts directly beneficially owned 30,776 shares of HealthStream common stock, in addition to the newly granted RSUs and options.

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
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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^*

Roberts Scott Alexander

(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)
	CFO and SVP

3. Date of Earliest Transaction (Month/Day/Year)
12/09/2025

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								30,776	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	(1)	12/09/2025		A		2,507		(2)	(3)	Common Stock	2,507	$0	2,507	D
Employee Stock Option (right to buy)	$23.93	12/09/2025		A		7,522		(4)	12/09/2035	Common Stock	7,522	$0	7,522	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 RSUs are subject to a four year vesting schedule, contingent upon continued service at the time of vesting. 15% vest on December 9, 2026, 20% vest on December 9, 2027, 30% vest on December 9, 2028, and the remaining 35% vest on December 9, 2029.

3. Not applicable.

4. The options are subject to a four year vesting schedule, contingent upon continued service at the time of vesting. 15% vest on December 9, 2026, 20% vest on December 9, 2027, 30% vest on December 9, 2028, and the remaining 35% vest on December 9, 2029.

	/s/ Scott A. Roberts	12/11/2025
	** 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).
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Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What equity awards did HealthStream (HSTM) grant to its CFO on December 9, 2025?

On December 9, 2025, HealthStream granted CFO and SVP Scott A. Roberts 2,507 restricted share units and 7,522 employee stock options tied to HealthStream common stock.

How many HealthStream (HSTM) shares does the CFO beneficially own after the reported transactions?

After the reported transactions, Scott A. Roberts directly beneficially owned 30,776 shares of HealthStream common stock, plus 2,507 RSUs and 7,522 stock options as derivative securities.

What is the vesting schedule for the RSUs granted to HealthStream's CFO?

The 2,507 RSUs vest over four years, contingent on continued service: 15% on December 9, 2026, 20% on December 9, 2027, 30% on December 9, 2028, and the remaining 35% on December 9, 2029.

What is the vesting schedule for the stock options granted to HealthStream's CFO?

The 7,522 employee stock options follow the same four-year vesting schedule as the RSUs, with 15% vesting on December 9, 2026, 20% on December 9, 2027, 30% on December 9, 2028, and 35% on December 9, 2029, subject to continued service.

What is the exercise price and expiration date of the CFO's HealthStream stock options?

The employee stock options granted to Scott A. Roberts have an exercise price of $23.93 per share and an expiration date of December 9, 2035.

Who is the reporting person in this HealthStream (HSTM) insider transaction report and what is their role?

The reporting person is Scott A. Roberts, who serves as CFO and Senior Vice President of HealthStream Inc.