---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-015532"
form_type: "8-K"
ticker: "HSTM"
cik: "0001095565"
company_name: "HEALTHSTREAM INC"
filed_at: "2025-05-08T23:59:59+00:00"
generated_at: "2026-05-22T03:06:16.077269+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# HealthStream Board authorizes $25M share repurchase program through May 2026

## Summary
- Board approved repurchase of up to $25M of outstanding common stock, no par value.
- Program terminates the earlier of May 31, 2026 or when the $25M limit is reached.
- Repurchases may be made in open market, under Rule 10b5-1 plans, or privately.
- Company is not obligated to buy any shares and may suspend or discontinue at any time.
- The program covers ~3.5% of market cap based on current price and float.

## SEC filing metadata
- accession: 0001437749-25-015532
- form_type: 8-K
- ticker: HSTM
- cik: 0001095565
- company_name: HEALTHSTREAM INC
- filed_at: 2025-05-08T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1095565/000143774925015532/0001437749-25-015532-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1095565/000143774925015532/hstm20250508_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-015532
- JSON: https://secwatch.observer/filing/0001437749-25-015532.json
- Plain text: https://secwatch.observer/filing/0001437749-25-015532.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.