Coady Trisha L 4

What Happened
Trisha L. Coady, Executive Vice President of HealthStream, was granted 3,639 restricted share units (RSUs) on March 18, 2026. The award is recorded at $0.00 per unit (an executive compensation grant, not a market purchase) and is a derivative award that converts into common shares only if and when the RSUs vest.

Key Details

• Transaction date: 2026-03-18; filing date: 2026-03-24 (filed six days after the transaction; Form 4s are normally due within two business days, so this filing appears late).
• Grant type/code: A (award/grant of derivative securities).
• Amount: 3,639 RSUs granted; reported acquisition price $0.00.
• Vesting: RSUs convert to one share each upon vesting; vesting is service-based over four years: 15% on 2027-03-18, 20% on 2028-03-18, 30% on 2029-03-18, and 35% on 2030-03-18 (per footnotes).
• Shares owned after transaction: Not reported in this filing.
• Other notes: Footnote F3 marked “Not applicable.” No 10b5-1 plan, tax withholding, or immediate sale was indicated.

Context
RSU grants are a common form of executive compensation intended for retention and do not represent an immediate purchase or sale of shares. These RSUs will only become actual shares—and thus create a change in beneficial ownership—if the specified vesting conditions are met. Because this was an award rather than a market transaction, it should not be read as an immediate bullish or bearish trade signal.