HealthStream (HSTM) director sells 2,000 shares under 10b5-1 plan

Rhea-AI Filing Summary

HealthStream Inc. director Linda Rebrovick reported an open-market sale of 2,000 shares of common stock at $25.00 per share on May 28, 2026. The transaction was executed under a pre-arranged Rule 10b5-1 sales plan adopted on November 21, 2025. After this sale, she directly holds 56,181 HealthStream shares.

Insider Trade Summary 10b5-1

Net Seller: 2,000 shares ($50,000)

Net Sell 1 txn

Insider REBROVICK LINDA

Role null

Sold 2,000 shs ($50K)

Type	Security	Shares	Price	Value
Sale	Common Stock Holding	2,000	$25.00	$50K

Holdings After Transaction: Common Stock Holding — 56,181 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares sold: 2,000 shares Sale price: $25.00 per share Shares held after sale: 56,181 shares +1 more

4 metrics

Shares sold 2,000 shares Open-market sale on May 28, 2026

Sale price $25.00 per share Transaction price for common stock sale

Shares held after sale 56,181 shares Direct ownership following transaction

Net share change -2,000 shares Net buy/sell shares for the reported period

Key Terms

Rule 10b5-1, open-market sale, Form 4

3 terms

Rule 10b5-1 regulatory

"The sales were effected pursuant to a Rule 10b5-1 sales plan"

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

open-market sale financial

"transaction_action is described as an open-market sale"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Form 4 regulatory

"The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

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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).

X

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock Holding	05/28/2026		S		2,000(1)	D	$25	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The sales reported in this Form 4 were affected pursuant to a Rule 10b5-1 sales plan adopted by the reporting person on November 21, 2025.

	/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)

FAQ

What insider transaction did HealthStream (HSTM) disclose for Linda Rebrovick?

HealthStream reported that director Linda Rebrovick sold 2,000 shares of common stock at $25.00 per share on May 28, 2026. The sale was an open-market transaction executed under a pre-arranged Rule 10b5-1 trading plan.

How many HealthStream (HSTM) shares does Linda Rebrovick hold after the reported sale?

After selling 2,000 HealthStream shares, director Linda Rebrovick directly holds 56,181 shares. This figure comes from the post-transaction ownership reported in the Form 4 and reflects her remaining direct common stock position following the sale.

At what price were Linda Rebrovick’s HealthStream (HSTM) shares sold?

The 2,000 HealthStream shares sold by director Linda Rebrovick were transacted at $25.00 per share. This per-share price is reported in the Form 4 as the transaction price for the open-market sale completed on May 28, 2026.

Was Linda Rebrovick’s HealthStream (HSTM) stock sale under a Rule 10b5-1 plan?

Yes. The Form 4 footnote states the sales were effected under a Rule 10b5-1 sales plan adopted by Linda Rebrovick on November 21, 2025. Such plans pre-schedule trades, reducing the significance of transaction timing.

Does the HealthStream (HSTM) Form 4 show buying or selling activity by Linda Rebrovick?

The Form 4 shows selling activity only. It reports a single open-market sale of 2,000 HealthStream common shares, with no purchases or option exercises disclosed. Net activity for the period is a disposition of 2,000 shares.