Frist Robert A Jr - Mar 28, 2025 Form 4 Insider Report for HEALTHSTREAM INC (HSTM)

Role: CEO and Chairman, Director, 10%+ Owner
Signature: /s/ Robert A. Frist, Jr.
Stock symbol: HSTM
Transactions as of: Mar 28, 2025
Transactions value $: -$38,344
Form type: 4
Date filed: 3/28/2025, 04:36 PM
Previous filing: Mar 21, 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HSTM	Common Stock Holding	Options Exercise	$0	+4.93K	+0.1%	$0.00	4.75M	Mar 28, 2025	Direct	F1
transaction	HSTM	Common Stock Holding	Tax liability	-$38.3K	-1.2K	-0.03%	$31.90	4.75M	Mar 28, 2025	Direct	F2
holding	HSTM	Common Stock Holding						10K	Mar 28, 2025	The Carolyn Marie Frist 2005 Vested Trust
holding	HSTM	Common Stock Holding						10K	Mar 28, 2025	The Cate Merriman Frist 2005 Vested Trust
holding	HSTM	Common Stock Holding						10K	Mar 28, 2025	The Eleanor Knox Frist 2005 Vested Trust
holding	HSTM	Common Stock Holding						18.3K	Mar 28, 2025	Louise Trust u/a/d 08-16-2007
holding	HSTM	Common Stock Holding						18.3K	Mar 28, 2025	Merriman Trust u/a/d 08-16-2007
holding	HSTM	Common Stock Holding						18.3K	Mar 28, 2025	Marie Trust u/a/d 08-16-2007
holding	HSTM	Common Stock Holding						18.3K	Mar 28, 2025	Knox Trust u/a/d 08-16-2007
holding	HSTM	Common Stock Holding						595K	Mar 28, 2025	Bobby and Melissa Frist Children's 2012 GST-Exempt Trust

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	HSTM	Restricted Share Units	Options Exercise	$0	-2K	-100%	$0.00	0	Mar 28, 2025	Common Stock	2K	$0.00	Direct	F3, F4, F5
transaction	HSTM	Restricted Share Units	Options Exercise	$0	-1.94K	-46.15%	$0.00	2.27K	Mar 28, 2025	Common Stock	1.94K	$0.00	Direct	F3, F5, F6
transaction	HSTM	Restricted Share Units	Options Exercise	$0	-571	-23.52%	$0.00	1.86K	Mar 28, 2025	Common Stock	571	$0.00	Direct	F3, F5, F7
transaction	HSTM	Restricted Share Units	Options Exercise	$0	-420	-15%	$0.00	2.38K	Mar 28, 2025	Common Stock	420	$0.00	Direct	F3, F5, F8

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
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 17, 2022, 20% vest on March 17, 2023, 30% vest on March 17, 2024, and the remaining 35% vest on March 17, 2025.
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 23, 2023, 20% vest on March 23, 2024, 30% vest on March 23, 2025, and the remaining 35% vest on March 23, 2026.
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 20, 2025, 20% vest on March 20, 2026, 30% vest on March 20, 2027, and the remaining 35% vest on March 20, 2028.