Kevin P. O'Hara - Mar 25, 2024 Form 4 Insider Report for HEALTHSTREAM INC (HSTM)

Role
Senior Vice President
Signature
/s/ Kevin P. O'Hara
Stock symbol
HSTM
Transactions as of
Mar 25, 2024
Transactions value $
-$34,465
Form type
4
Date filed
3/25/2024, 04:20 PM
Previous filing
Mar 21, 2024
Next filing
Aug 9, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HSTM Common Stock Holding Options Exercise $0 +5.35K +63.14% $0.00 13.8K Mar 25, 2024 Direct F1
transaction HSTM Common Stock Holding Tax liability -$34.5K -1.3K -9.43% $26.43 12.5K Mar 25, 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 -1.57K -46.17% $0.00 1.83K Mar 25, 2024 Common Stock 1.57K $0.00 Direct F3, F4, F5
transaction HSTM Restricted Share Units Options Exercise $0 -984 -23.52% $0.00 3.2K Mar 25, 2024 Common Stock 984 $0.00 Direct F3, F5, F6
transaction HSTM Restricted Share Units Options Exercise $0 -343 -15% $0.00 1.94K Mar 25, 2024 Common Stock 343 $0.00 Direct F3, F5, F7
transaction HSTM Restricted Share Units Options Exercise $0 -2.46K -23.53% $0.00 8K Mar 25, 2024 Common Stock 2.46K $0.00 Direct F3, F5, F8
* 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 The RSUs are subject to a four year vesting schedule, contingent upon continued service at the time of vesting. 15% vest on March 17, 2022, 20% vest on March 17, 2023, 30% vest on March 17, 2024, and the remaining 35% vest on March 17, 2025.
F5 Not applicable.
F6 The RSUs are subject to a four year vesting schedule, contingent upon continued service at the time of vesting. 15% vest on March 23, 2023, 20% vest on March 23, 2024, 30% vest on March 23, 2025, and the remaining 35% vest on March 23, 2026.
F7 The RSUs are subject to a four year vesting schedule, contingent upon continued service at the time of vesting. 15% vest on March 22, 2024, 20% vest on March 22, 2025, 30% vest on March 22, 2026, and the remaining 35% vest on March 22, 2027.
F8 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. Up to 15% vest on March 23, 2023 for the period January 1, 2022 through December 31, 2022; up to 20% vest on March 23, 2024 for the period January 1, 2023 through December 31, 2023; up to 20% vest on March 23, 2025 for the period January 1, 2024 through December 31, 2024; up to 20% vest on March 23, 2026 for the period January 1, 2025 through December 31, 2025; and up to 25% vest on March 23, 2027 for the period January 1, 2026 through December 31, 2026. Vesting is determined based on actual performance. The performance criteria for the period January 1, 2023 through December 31, 2023 was achieved; therefore 20% of the awards vested on March 23, 2024.