FRIST ROBERT A JR 4

4 · HEALTHSTREAM INC · Filed Mar 30, 2026

AI-generated summary of this filing

Updated Mar 31, 2026

HealthStream (HSTM) 10% Owner Robert Frist Exercises RSUs

What Happened

Robert A. Frist Jr., reported as a 10% owner of HealthStream (HSTM), had restricted stock units (RSUs) vest on March 30, 2026. A total of 4,038 shares were issued upon vesting (reported as an exercise/conversion of a derivative, code M). To satisfy tax withholding, 984 of those shares were withheld at $21.25 per share (code F), representing $20,910 in tax withholding. Several RSU lots were converted/settled (356, 560, 857, and 2,265 shares) as part of the vesting/settlement reporting.

Key Details

Transaction date: March 30, 2026.
Reported activity: 4,038 shares acquired on RSU vesting (M); 984 shares withheld for taxes at $21.25/share for $20,910 (F); additional RSU conversions reported in separate lots (356, 560, 857, 2,265 shares) (all M).
Shares owned after the transaction: not specified in the filing.
Footnotes: F1 = shares acquired on vesting; F2 = shares withheld to pay tax liability; F3–F8 = descriptions of RSU grant/vesting schedules.
Filing timeliness: filing date equals report period date (March 30, 2026); no late filing indicated.

Context

Codes explained: M = exercise/conversion of a derivative instrument (here, RSUs converting to shares); F = shares withheld to pay tax liability. This transaction reflects receipt/settlement of vested awards rather than an open-market purchase or sale; withheld shares to cover taxes are routine and do not necessarily indicate a change in conviction. As a reported 10% owner, Frist’s transactions are substantial in ownership terms but are award vesting events rather than discretionary buys or sales.

Form 4

Period: 2026-03-30

DirectorCEO and Chairman10% Owner

Transactions

Exercise/Conversion
Common Stock Holding
[F1]
2026-03-30+4,038→ 4,052,090 total
Tax Payment
Common Stock Holding
[F2]
2026-03-30$21.25/sh−984$20,910→ 4,051,106 total
Exercise/Conversion
Restricted Share Units
[F3][F4][F5]
2026-03-30−356→ 2,020 total
Exercise: $0.00→ Common Stock (356 underlying)
Exercise/Conversion
Restricted Share Units
[F3][F6][F5]
2026-03-30−560→ 1,820 total
Exercise: $0.00→ Common Stock (560 underlying)
Exercise/Conversion
Restricted Share Units
[F3][F7][F5]
2026-03-30−857→ 1,000 total
Exercise: $0.00→ Common Stock (857 underlying)
Exercise/Conversion
Restricted Share Units
[F3][F8][F5]
2026-03-30−2,265→ 0 total
Exercise: $0.00→ Common Stock (2,265 underlying)

Holdings

Footnotes (8)

[F1]Shares acquired on vesting of restricted share units.
[F2]Shares withheld for payment of tax liability.
[F3]Each restricted share unit (RSU) represents the contingent right to receive one share of common stock upon vesting of the unit.
[F4]The RSUs are subject to a four year vesting schedule, contingent upon continued service at the time of vesting. 15% vest on March 19, 2026, 20% vest on March 19, 2027, 30% vest on March 19, 2028, and the remaining 35% vest on March 19, 2029.
[F5]Not applicable.
[F6]The RSUs are subject to a four year vesting schedule, contingent upon continued service at the time of vesting. 15% vest on March 20, 2025, 20% vest on March 20, 2026, 30% vest on March 20, 2027, and the remaining 35% vest on March 20, 2028.
[F7]The RSUs are subject to a four year vesting schedule, contingent upon continued service at the time of vesting. 15% vest on March 22, 2024, 20% vest on March 22, 2025, 30% vest on March 22, 2026, and the remaining 35% vest on March 22, 2027.
[F8]The RSUs are subject to a four year vesting schedule, contingent upon continued service at the time of vesting. 15% vest on March 23, 2023, 20% vest on March 23, 2024, 30% vest on March 23, 2025, and the remaining 35% vest on March 23, 2026.

Signature

/s/ Robert A Frist Jr|2026-03-30

1 file