HealthStream (HSTM) executive discloses RSU and stock option awards

Rhea-AI Filing Summary

HealthStream Inc. executive Trisha L. Coady, an Executive Vice President, reported new equity awards and updated her holdings. On December 9, 2025, she received 3,134 restricted share units (RSUs), each representing the right to receive one share of common stock upon vesting. These RSUs follow a four-year vesting schedule, with portions vesting annually from December 9, 2026 through December 9, 2029, contingent on continued service.

She was also granted an employee stock option to buy 9,402 shares of HealthStream common stock at an exercise price of $23.93 per share, expiring on December 9, 2035, with the same four-year vesting schedule tied to continued service. After these reported transactions, Coady beneficially owns 32,530 shares of HealthStream common stock directly, in addition to the reported 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

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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^*

Coady Trisha L

(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)
	Executive Vice President

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								32,530	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		3,134		(2)	(3)	Common Stock	3,134	$0	3,134	D
Employee Stock Option (right to buy)	$23.93	12/09/2025		A		9,402		(4)	12/09/2035	Common Stock	9,402	$0	9,402	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/ Trisha L. Coady	12/11/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What insider activity did HealthStream (HSTM) report for Trisha L. Coady?

HealthStream reported that Executive Vice President Trisha L. Coady received new equity awards consisting of restricted share units (RSUs) and stock options, and updated her beneficial ownership of common stock.

How many RSUs were granted to the HealthStream (HSTM) executive and how do they vest?

Trisha L. Coady was granted 3,134 RSUs. Each RSU represents the contingent right to receive one share of common stock, subject to a four-year vesting schedule with 15% vesting on December 9, 2026, 20% on December 9, 2027, 30% on December 9, 2028, and 35% on December 9, 2029, contingent on continued service.

What stock options did Trisha L. Coady receive from HealthStream (HSTM)?

She received an employee stock option to purchase 9,402 shares of HealthStream common stock at an exercise price of $23.93 per share. The option was granted on December 9, 2025 and expires on December 9, 2035, with the same four-year vesting schedule as the RSUs, contingent on continued service.

What is Trisha L. Coady’s beneficial ownership in HealthStream (HSTM) common stock after this Form 4?

Following the reported transactions, Trisha L. Coady beneficially owns 32,530 shares of HealthStream common stock directly, in addition to the reported RSUs and stock options.

What role does the reporting person hold at HealthStream (HSTM)?

The reporting person, Trisha L. Coady, is an Officer of HealthStream Inc., serving as an Executive Vice President.

Over what period do the HealthStream (HSTM) RSUs and options granted on December 9, 2025 vest?

Both the 3,134 RSUs and the 9,402 stock options are subject to a four-year vesting schedule. Vesting occurs in tranches of 15%, 20%, 30%, and 35% on December 9, 2026, 2027, 2028, and 2029, respectively, contingent upon continued service at each vesting date.