Key facts
- This page summarizes Michael D. Shmerling's Form 4 filing for HEALTHSTREAM INC (HSTM).
- 3 reported transactions and 2 derivative rows are listed below.
- Accepted by SEC: 25 May 2023, 21:36.
Michael D. Shmerling - 25 May 2023 Form 4 Insider Report for HEALTHSTREAM INC (HSTM)
- Reporting relationship
- Director
- Issuer ticker
- HSTM
- Reported as of
- 25 May 2023
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 25 May 2023, 21:36:39 UTC
- Prior SEC filing
- 21 Apr 2023
- Source filing
- View source filing
- Reporting owner signature
- /s/ Michael D. Shmerling
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Michael D. Shmerling filed Form 4 for HEALTHSTREAM INC (HSTM) on 25 May 2023.
Change
- Previous filing in this sequence was filed on 21 Apr 2023.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
HSTM
transaction
Common Stock Holding
Options Exercise
- Transaction value
- $0
- Shares
- +3,241
- Change %
- +2.5%
- Price
- $0.000000
- Shares after
- 133,609
- Date
- 25 May 2023
- Ownership
- Direct
- Footnotes
- F1
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
HSTM
transaction
Derivative
Restricted Share Units
Options Exercise
- Transaction value
- $0
- Shares
- -944
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 25 May 2023
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 944
- Exercise price
- $0.000000
- Footnotes
- F2, F3, F4
HSTM
transaction
Derivative
Restricted Share Units
Options Exercise
- Transaction value
- $0
- Shares
- -2,297
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 25 May 2023
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 2,297
- Exercise price
- $0.000000
- Footnotes
- F2, F4, F5
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Michael D. Shmerling is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 5 footnotes
Footnote F1
Shares acquired upon acceleration of the vesting of multiple grants of restricted share units ("RSUs") upon Mr. Shmerling's retirement from service on the Board of Directors ("Board") of HealthStream, Inc. (the "Company").
Footnote F2
Each RSU represents the contingent right to receive one share of common stock upon vesting of the unit.
Footnote F3
Reflects an amendment made to the terms of previously granted RSUs to provide for acceleration of the vesting of the unvested RSUs in connection with Mr. Shmerling's retirement from service on the Company's Board. These RSUs were initially subject to a three-year vesting schedule, contingent upon continued service at the time of vesting, and were originally scheduled to vest annually beginning March 17, 2022 in three equal installments. In connection with Mr. Shmerling's decision to retire from service on the Board effective concurrently with the Company's 2023 annual meeting of shareholders, the Company's Compensation Committee approved the accelerated vesting of all unvested RSUs to instead vest concurrent with his retirement as of the annual shareholder meeting date of May 25, 2023.
Footnote F4
Not applicable.
Footnote F5
Reflects an amendment made to the terms of previously granted RSUs to provide for acceleration of the vesting of the unvested RSUs in connection with Mr. Shmerling's retirement from service on the Company's Board. These RSUs were initially subject to a three-year vesting schedule, contingent upon continued service at the time of vesting, and were originally scheduled to vest annually beginning March 23, 2023 in three equal installments. In connection with Mr. Shmerling's decision to retire from service on the Board effective concurrently with the Company's 2023 annual meeting of shareholders, the Company's Compensation Committee approved the accelerated vesting of all unvested RSUs to instead vest concurrent with his retirement as of the annual shareholder meeting date of May 25, 2023.