Healthstream Inc insider Michael Manning Collier sells $638,334 in HSTM shares

An executive vice president at Healthstream Inc, Michael Manning Collier, sold 21,300 shares of the company's stock on the open market on Nov 5. The sale, at an average of $29.97 a share, comes to about $640,000.

The Form 4 does not tick the Rule 10b5-1 box: the sale is not reported as part of a pre-arranged trading plan. The trade was reported within two business days, as Section 16 requires.

Four Healthstream Inc insiders sold on the open market within 14 days, a pattern known as a cluster sell. After the trade, the filing lists 59,260 shares held.

Details from the SEC filing:

The sale

Company	Healthstream Inc (HSTM)
Insider	Michael Manning Collier
Role	Executive Vice President
Transaction	Open-market sale (code S)
Shares	21,300
Average price	$29.97
Value	$638,334
Trade date	Nov 5, 2026
Filed with the SEC	Nov 6, 2026, 4:30 PM ET
Shares held after	59,260
Ownership	Direct
Rule 10b5-1 plan	Not marked in the filing

Open the full breakdown of this HSTM trade

View the Form 4 on SEC.gov

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Source: SEC Form 4. Information only, not investment advice. Not affiliated with or endorsed by the U.S. Securities and Exchange Commission.