Form 4: HealthStream Executive Vice President Michael Sousa Reports Changes in Beneficial Ownership
SEC Form 4
Executive Vice President Michael Sousa reports the vesting of restricted share units and subsequent stock transactions.
Summary
- On March 28, 2025, Michael Sousa, Executive Vice President of HealthStream Inc., reported changes in his beneficial ownership of the company's stock.
- These changes involve the vesting of restricted share units (RSUs) and the subsequent acquisition of common stock.
- A total of 4,933 shares were acquired upon the vesting of RSUs at a price of $0.
- 1,419 shares were withheld for payment of tax liability at a price of $31.9 per share.
- Following these transactions, Sousa directly owns 65,529 shares of HealthStream Inc.
- The reported transactions also include the vesting of various tranches of RSUs, specifically 2,001, 1,941, 571, and 420 units, all at a price of $0.
- After these transactions, Sousa directly owns 2,265, 1,857 and 2,380 Restricted Share Units.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It reflects routine executive compensation and stock transactions.
Positives
- The vesting of RSUs indicates that Sousa has met certain performance or service requirements, which is generally a positive sign.
Negatives
- The withholding of shares for tax liability reduces the number of shares Sousa ultimately receives.
Industry Context
Executive stock transactions are a normal part of corporate governance and compensation practices. They are closely watched by investors for signals about management's confidence in the company's future prospects.
Stakeholder Impact
- The vesting of RSUs and subsequent stock transactions have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 03/17/2022 | 15% of 2,001 RSUs vest. |
| 03/23/2023 | 15% of 1,941 RSUs vest. |
| 03/17/2023 | 20% of 2,001 RSUs vest. |
| 03/22/2024 | 15% of 571 RSUs vest. |
| 03/23/2024 | 20% of 1,941 RSUs vest. |
| 03/17/2024 | 30% of 2,001 RSUs vest. |
| 03/20/2025 | 15% of 420 RSUs vest. |
| 03/22/2025 | 20% of 571 RSUs vest. |
| 03/23/2025 | 30% of 1,941 RSUs vest. |
| 03/28/2025 | Date of reported transactions: vesting of RSUs and withholding of shares for tax liability. |
| 03/17/2025 | 35% of 2,001 RSUs vest. |
| 03/20/2026 | 20% of 420 RSUs vest. |
| 03/22/2026 | 30% of 571 RSUs vest. |
| 03/23/2026 | 35% of 1,941 RSUs vest. |
| 03/20/2027 | 30% of 420 RSUs vest. |
| 03/22/2027 | 35% of 571 RSUs vest. |
| 03/20/2028 | 35% of 420 RSUs vest. |
Keywords
Form 4, Beneficial Ownership, Executive Vice President, Michael Sousa, HealthStream Inc., HSTM, Restricted Share Units, Vesting, Stock Transactions
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