Form 4: HealthStream Director Gifts Shares Under 10b5-1 Plan

HealthStream Director Deborah Taylor Tate reported gifting 1,142 shares of common stock under a pre-arranged 10b5-1 plan.

Summary

• Deborah Taylor Tate, a Director at HealthStream Inc. (HSTM), reported a disposition of common stock.
• The transaction involved gifting 1,142 shares of common stock.
• The shares were disposed of at a price of $0 per share, consistent with a gift.
• The transaction was executed on November 28, 2025.
• Following this transaction, Deborah Taylor Tate beneficially owns 21,985 shares of HealthStream common stock directly.
• The transaction was made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged sale or disposition plan.

Sentiment

Score: 5

Explanation: The sentiment is neutral as this is a routine insider gift transaction under a pre-arranged plan, which typically has no direct bearing on the company's operational performance or immediate stock valuation.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This is a routine insider transaction, specifically a gift of shares by a director. Such transactions are common for estate planning or charitable purposes and typically do not reflect a change in the company's operational performance or strategic direction. The use of a Rule 10b5-1 plan indicates the transaction was pre-scheduled, aiming to avoid accusations of trading on material non-public information.

Related Party Transactions

• Deborah Taylor Tate, a Director of HealthStream Inc., disposed of shares, which constitutes a related party transaction due to her insider status.

Stakeholder Impact

• Shareholders: The disposition of 1,142 shares represents a very minor reduction in insider ownership and is unlikely to have a material impact on the company's stock price or investor sentiment.

Key Dates

Keywords

HealthStream, HSTM, Insider Transaction, Form 4, Director, Stock Gift, 10b5-1 Plan