What are restricted share units (RSUs) in the HEALTHSTREAM (HSTM) filing?

In this filing, each restricted share unit represents a contingent right to receive one HEALTHSTREAM common share upon vesting. The RSUs vest over three years, in equal annual installments, contingent on the director’s continued service.

HealthStream (HSTM) director adds 3,148 shares from RSU vesting, holds 25,748

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

HEALTHSTREAM INC director Jeffrey L. McLaren reported acquiring shares through the vesting of restricted share units (RSUs). On June 8, 2026, RSU awards vested and delivered 3,148 shares of common stock, reflecting compensation rather than open‑market buying or selling.

Following these conversions, McLaren directly holds 25,748 shares of common stock and 2,032 RSUs. Each RSU represents a contingent right to receive one share of common stock upon vesting and is subject to a three‑year vesting schedule that requires continued service, with installments beginning on specific June and May dates in 2024, 2025, and 2026.

Insider Trade Summary

3,148 shares exercised/converted

Mixed 4 txns

Insider MCLAREN JEFFREY L

Role null

Type	Security	Shares	Price	Value
Exercise	Restricted Share Units	1,126	$0.00	--
Exercise	Restricted Share Units	1,006	$0.00	--
Exercise	Restricted Share Units	1,016	$0.00	--
Exercise	Common Stock Holding	3,148	$0.00	--

Holdings After Transaction: Restricted Share Units — 0 shares (Direct, null); Common Stock Holding — 25,748 shares (Direct, null)

Footnotes (1)

Shares acquired on vesting of restricted share units. 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 June 6, 2024 in three equal installments. Not applicable. 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 30, 2025 in three equal installments. 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 29, 2026 in three equal installments.

Key Figures

Common shares acquired: 3,148 shares Common shares held after: 25,748 shares RSUs converted: 3,148 units +1 more

4 metrics

Common shares acquired 3,148 shares Shares delivered on RSU vesting on June 8, 2026

Common shares held after 25,748 shares Direct common stock holdings following RSU conversion

RSUs converted 3,148 units Restricted share units exercised/converted into common stock

RSUs remaining 2,032 units Restricted share units outstanding after transactions

Key Terms

restricted share units, contingent right to receive one share of common stock, three year vesting schedule, continued service, +1 more

5 terms

three year vesting schedule financial

"The RSU's are subject to a three year vesting schedule, contingent upon continued service"

continued service financial

"contingent upon continued service at the time of vesting."

exercise or conversion of derivative security financial

"transaction_code_description: Exercise or conversion of derivative security"

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Form 4 Insider Transactions: What Each Field Means →

06/09/2026 - 04:17 PM

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)
06/08/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock Holding	06/08/2026		M		3,148⁽¹⁾	A	$0	25,748	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Share Units	$0⁽²⁾	06/08/2026		M			1,126	⁽³⁾	⁽⁴⁾	Common Stock	1,126	$0	0	D
Restricted Share Units	$0⁽²⁾	06/08/2026		M			1,006	⁽⁵⁾	⁽⁴⁾	Common Stock	1,006	$0	1,006	D
Restricted Share Units	$0⁽²⁾	06/08/2026		M			1,016	⁽⁶⁾	⁽⁴⁾	Common Stock	1,016	$0	2,032	D

Explanation of Responses:

1. Shares acquired on vesting of restricted share units.

2. Each restricted share unit (RSU) represents the contingent right to receive one share of common stock upon vesting of the unit.

3. 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 June 6, 2024 in three equal installments.

4. Not applicable.

5. 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 30, 2025 in three equal installments.

6. 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 29, 2026 in three equal installments.

	/s/ Jeffrey McLaren	06/09/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What did HEALTHSTREAM (HSTM) director Jeffrey L. McLaren report on this Form 4?

Jeffrey L. McLaren reported RSU vesting that delivered common shares. The filing shows RSUs converting into 3,148 shares of HEALTHSTREAM common stock as part of equity compensation, not through open-market purchases or sales.

How many HEALTHSTREAM (HSTM) shares does Jeffrey L. McLaren hold after the transactions?

After the RSU vesting, McLaren directly holds 25,748 shares of HEALTHSTREAM common stock. The Form 4 also shows 2,032 remaining restricted share units, each representing a right to receive one share upon future vesting.

Were the HEALTHSTREAM (HSTM) Form 4 transactions open-market buys or sells?

No, the Form 4 transactions reflect RSU vesting and conversion, not open-market trades. The transactions are coded as “M,” indicating exercise or conversion of derivative securities, delivering common shares as part of compensation.

What vesting schedule applies to the HEALTHSTREAM (HSTM) RSUs reported?

The RSUs are subject to a three-year vesting schedule requiring continued service. One grant vests annually in three equal installments beginning June 6, 2024, while other grants vest annually beginning May 30, 2025 and May 29, 2026.