HealthStream (HSTM) SVP awarded 2,911 RSUs with four-year vesting

Rhea-AI Filing Summary

McQuigg Michael Scott reported acquisition or exercise transactions in this Form 4 filing.

HealthStream Inc Senior Vice President Michael Scott McQuigg received a grant of 2,911 restricted share units (RSUs) on March 18, 2026. Each RSU represents the contingent right to receive one share of common stock upon vesting. The RSUs follow a four-year vesting schedule, contingent on continued service, with 15% vesting on March 18, 2027, 20% on March 18, 2028, 30% on March 18, 2029, and the remaining 35% on March 18, 2030. Following this grant, his direct common stock holdings reported in this filing total 30,954 shares.

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^*

McQuigg Michael Scott

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Senior Vice President

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/18/2026

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								30,954	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)	03/18/2026		A		2,911		(2)	(3)	Common Stock	2,911	$0	2,911	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 March 18, 2027, 20% vest on March 18, 2028, 30% vest on March 18, 2029, and the remaining 35% vest on March 18, 2030.

3. Not applicable.

	/s/ M. Scott McQuigg	03/24/2026
	** 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 did HealthStream (HSTM) executive Michael Scott McQuigg report in this Form 4?

Michael Scott McQuigg reported receiving a grant of 2,911 restricted share units. These RSUs are a form of equity compensation that convert into common stock as they vest over time, aligning his interests more closely with HealthStream shareholders.

How many restricted share units did HSTM grant to Michael Scott McQuigg?

HealthStream granted 2,911 restricted share units to Michael Scott McQuigg. Each unit represents the contingent right to receive one share of common stock, providing potential future ownership as the units vest according to the specified four-year schedule.

What is the vesting schedule of Michael Scott McQuigg’s new HSTM RSUs?

The 2,911 RSUs vest over four years, contingent on continued service. 15% vest on March 18, 2027, 20% on March 18, 2028, 30% on March 18, 2029, and the remaining 35% vest on March 18, 2030, gradually increasing his share ownership.

Do the HealthStream RSUs granted to Michael Scott McQuigg have an exercise price?

The RSU grant shows a transaction price and conversion price of $0.00 per unit. RSUs typically do not require an exercise payment; instead, shares are delivered upon vesting, making them a straightforward form of stock-based compensation for the executive.

How many HealthStream common shares does Michael Scott McQuigg hold after this Form 4?

After the reported transactions, Michael Scott McQuigg’s direct common stock holdings total 30,954 shares. This figure reflects his position in HealthStream common stock as disclosed in the filing, separate from the unvested restricted share units that may convert in future years.

What type of transaction is reflected in Michael Scott McQuigg’s HealthStream Form 4?

The filing shows a grant or award acquisition of derivative securities coded as “A.” This represents restricted share units rather than an open-market purchase or sale, indicating compensation-related equity rather than a discretionary trading decision in HealthStream stock.