HealthStream (HSTM) director granted 3,654 restricted share units in new equity award

Rhea-AI Filing Summary

MCLAREN JEFFREY L reported acquisition or exercise transactions in this Form 4 filing.

HealthStream Inc. director Jeffrey L. McLaren received a new equity award in the form of restricted share units. He was granted 3,654 RSUs, each representing the contingent right to receive one share of common stock upon vesting.

The RSUs are subject to a three-year vesting schedule, vesting annually in three equal installments beginning on May 28, 2027, contingent on continued service. Following this award, McLaren is reported as holding 22,600 shares of common stock directly, alongside the 3,654 RSUs.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider MCLAREN JEFFREY L

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 — 22,600 shares (Direct, null)

Footnotes (1)

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: 22,600 shares Vesting period: 3 years +2 more

5 metrics

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

Common shares held 22,600 shares Direct common stock holdings after reported transactions

Vesting period 3 years RSUs vest annually in three equal installments

Vesting start date May 28, 2027 First annual installment date for RSU vesting

RSU exercise price $0.0000 per unit Indicated price for the RSU grant

Key Terms

Restricted Share Units, contingent right, vesting schedule, installments

4 terms

Restricted Share Units financial

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

Restricted share units (RSUs) are a promise from a company to give an employee or service provider actual shares or cash equal to the shares after certain conditions are met, typically staying with the company for a set time or hitting performance targets. Think of them like a time-locked gift card that becomes usable only after you’ve earned it. For investors, RSUs matter because they align employee incentives with company performance and can increase the number of shares outstanding over time, diluting existing ownership and affecting earnings per share.

contingent right financial

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

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.

installments financial

"The RSU's vest annually beginning May 28, 2027 in three equal installments."

Installments are a series of scheduled partial payments that together cover a larger amount owed or due, like paying for a purchase or loan in weekly or monthly pieces rather than all at once. For investors, installments matter because they change when cash moves between parties, affect a company’s or counterparty’s short-term cash flow and risk of missed payments, and can influence valuation or perceived financial stability much like spreading the cost of a car over monthly payments.

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Form 4 Insider Transactions: What Each Field Means →

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^*

MCLAREN JEFFREY L

(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								22,600	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/ Jeffrey McLaren	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)

FAQ

What insider transaction did HealthStream (HSTM) report for Jeffrey L. McLaren?

HealthStream reported that director Jeffrey L. McLaren received a grant of 3,654 restricted share units. Each RSU represents a contingent right to one share of common stock, awarded as part of his equity-based compensation.

How many restricted share units did the HealthStream (HSTM) director receive?

Jeffrey L. McLaren received 3,654 restricted share units. These RSUs convert into shares of HealthStream common stock upon vesting, aligning his compensation with long-term shareholder value and future company performance.

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

The 3,654 RSUs vest over a three-year period starting May 28, 2027. They vest in three equal annual installments, and vesting is contingent on McLaren’s continued service with HealthStream at each vesting date.

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

After the reported transactions, Jeffrey L. McLaren holds 22,600 shares of HealthStream common stock directly. In addition, he has 3,654 restricted share units that may convert into common shares as they vest over time.

Do the granted HealthStream (HSTM) RSUs have an exercise or purchase price?

The 3,654 restricted share units have an indicated price of $0.0000 per unit. This reflects that RSUs are typically granted as compensation and do not require a cash exercise payment by the director to receive the underlying shares.