Michael Sousa - Feb 23, 2024 Form 4 Insider Report for HEALTHSTREAM INC (HSTM)

Role
Executive Vice President
Signature
/s/ Michael Sousa
Stock symbol
HSTM
Transactions as of
Feb 23, 2024
Transactions value $
-$69,384
Form type
4
Date filed
2/27/2024, 06:11 PM
Previous filing
Oct 27, 2023
Next filing
Feb 26, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HSTM Common Stock Holding Options Exercise $0 +9K +21.16% $0.00 51.5K Feb 23, 2024 Direct F1
transaction HSTM Common Stock Holding Tax liability -$69.4K -2.59K -5.02% $26.81 48.9K Feb 23, 2024 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction HSTM Restricted Share Units Options Exercise $0 -9K -15% $0.00 51K Feb 23, 2024 Common Stock 9K $0.00 Direct F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares acquired on vesting of restricted share units.
F2 Shares withheld for payment of tax liability.
F3 Each restricted share unit (RSU) represents the contingent right to receive one share of common stock upon vesting of the unit.
F4 Vesting of these RSUs is contingent upon continued service at the time of vesting and the achievement of certain performance criteria. The performance criteria will be established on an annual basis by the Compensation Committee of the Board of Directors. 15% vest on February 23, 2024 for the period January 1, 2023 through December 31, 2023; 20% vest on February 23, 2025 for the period January 1, 2024 through December 31, 2024; 20% vest on February 23, 2026 for the period January 1, 2025 through December 31, 2025; 20% vest on February 23, 2027 for the period January 1, 2026 through December 31, 2026; and 25% vest on February 23, 2028 for the period January 1, 2027 through December 31, 2027. Vesting is determined based on actual performance. The performance criteria for the period January 1, 2023 through December 31, 2023 was achieved; therefore 15% of the awards vested on February 23, 2024.
F5 Not applicable.