Form 4: HealthStream Inc. Executive Jeff Cunningham Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Jeff Cunningham, Chief Technology Officer of HealthStream Inc., reports the acquisition and disposal of common stock and restricted share units.
Summary
- On October 30, 2024, Jeff Cunningham, Chief Technology Officer of HealthStream Inc., reported changes in beneficial ownership.
- Cunningham acquired 512 shares of common stock upon the vesting of restricted share units (RSUs) at a price of $0.
- He also disposed of 125 shares of common stock at $28.95 to cover tax liabilities.
- Following these transactions, Cunningham directly owns 25,987 shares of common stock.
- He also holds 1,661 restricted share units.
- The RSUs vest over a four-year schedule.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation. It doesn't inherently indicate positive or negative sentiment, but rather provides transparency into insider transactions.
Positives
- The vesting of restricted share units indicates a continued alignment of the executive's interests with those of the company and its shareholders.
Industry Context
Form 4 filings are a routine part of regulatory compliance for publicly traded companies, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| October 27, 2023 | 15% of RSUs vested |
| October 27, 2024 | 20% of RSUs vest |
| October 30, 2024 | Date of transaction and RSU vesting |
| October 27, 2025 | 30% of RSUs vest |
| October 27, 2026 | Remaining 35% of RSUs vest |
| October 31, 2024 | Date of signature |
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