Unregistered Sales of Equity Securities and Use of Proceeds
−Removed: On November 11, 2025, the Company's Board of Directors approved a share repurchase program under which the Company was authorized to repurchase up to $10.0 million of its outstanding shares of common stock.
−Removed: Pursuant to this authorization, the Company was authorized to make repurchases in the open market, including under Rule 10b5-1 plans, through privately negotiated transactions, or otherwise.
−Removed: The terms of this program provided that it would terminate on the earlier of February 26, 2026 or when the maximum dollar amount had been expended.
−Removed: During the three months ended March 31, 2026, the Company repurchased and subsequently retired 222,978 shares of common stock at an aggregate fair value of $5.0 million, reflecting an average price per share of $22.42 (excluding the cost of broker commissions and the 1% share repurchase excise tax imposed by the Inflation Reduction Act of 2022).
−Removed: This share repurchase program terminated in January 2026 when the maximum dollar amount under this program was expended.
−Removed: On March 13, 2026, the Company announced the adoption of a new share repurchase program approved by the Board of Directors under which the Company is authorized to repurchase up to $10.0 million of its outstanding shares of common stock.
+Added: (a) Unregistered Sales of Equity Securities
+Added: (c) Issuer Purchases of Equity Securities
+Added: On March 13, 2026, the Company announced the adoption of a share repurchase program approved by the Board under which the Company is authorized to repurchase up to $10.0 million of its outstanding shares of common stock.
Pursuant to this authorization, the Company is authorized to make repurchases in the open market, including under Rule 10b5-1 plans, through privately negotiated transactions, or otherwise.
This share repurchase program terminates on the earlier of September 12, 2026 or when the maximum dollar amount under the plan is expended.
−Removed: During the three months ended March 31, 2026, the Company repurchased 119,367 shares of common stock at an aggregate fair value of $2.5 million under this authorization, reflecting an average price per share of $20.94 (excluding the cost of broker commissions and the 1% share repurchase excise tax imposed by the Inflation Reduction Act of 2022), and the Company continued to repurchase shares pursuant to this authorization during the second quarter of 2026 , repurchasing 90,131 additional shares valued at $1.8 million through April 30, 2026.
−Removed: The following table presents information with respect to HealthStream's repurchases of common stock during the three months ended March 31, 2026.
+Added: During the three months ended June 30, 2026, the Company repurchased 90,131 shares of common stock at an aggregate fair value of $1.8 million under this authorization, reflecting an average price per share of $19.95 (excluding the cost of broker commissions and the 1% share repurchase excise tax imposed by the Inflation Reduction Act of 2022).
+Added: The following table presents information with respect to HealthStream's repurchases of common stock during the three months ended June 30, 2026.
(a) Total number of shares (or units) purchased
2 unchanged sentences
(d) Maximum number (or approximate dollar value) of shares (or units) that may yet be purchased under the plans or programs
−Removed: Month #1 (January 1 - January 31)
−Removed: Month #2 (February 1 - February 28)
−Removed: Month #3 (March 1 - March 31)
+Added: Month #1 (April 1 - April 30)
+Added: Month #2 (May 1 - May 31)
+Added: Month #3 (June 1 - June 30)
+Added: (1) On March 13, 2026, the Company announced the adoption of a share repurchase program approved by the Board under which the Company is authorized to repurchase up to $10.0 million of its outstanding shares of common stock.
+Added: This share repurchase program terminates on the earlier of September 12, 2026 or when the maximum dollar amount under the plan is expended.
+Added: The shares of common stock repurchased during the three months ended June 30, 2026, as reflected in the table above, were repurchased under this share repurchase program.
(2) The weighted average price paid per share of common stock does not include the cost of broker commissions or the 1% share repurchase excise tax imposed by the Inflation Reduction Act of 2022.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.