4/A: HealthStream CEO Corrects Stock Gift Filing
Insider Transaction Amendment
Robert A. Frist Jr., CEO and Chairman of HealthStream Inc., filed an amended Form 4 to correct an administrative error regarding a gift transfer of 527,918 shares of common stock.
Summary
- Robert A. Frist Jr., CEO and Chairman of HealthStream Inc. (HSTM), filed an amended Form 4 (Form 4/A) to correct a previous filing.
- The amendment addresses an administrative error related to a gift transfer of common stock that occurred on December 15, 2025.
- The original Form 4 had correctly reported a gift transfer of 527,918 shares.
- A subsequent amendment (December Form 4/A) incorrectly stated that 208 shares were not transferred, leading to a reported transfer of 527,710 shares.
- This current Form 4/A confirms that the full 527,918 shares were indeed transferred by gift on December 15, 2025, as initially reported.
- Following this corrected transaction, Robert A. Frist Jr. directly beneficially owns 4,048,052 shares of HealthStream Common Stock.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral administrative filing. It corrects a previous error but does not indicate any operational or financial changes for HealthStream Inc.
Future Outlook
No forward-looking statements or guidance are provided in this administrative filing.
Management Comments
- This Form 4 amendment is being filed solely to correct an administrative error associated with the Form 4/A filed by the reporting person on December 17, 2025 (the "December Form 4/A"), which amended a Form 4 filed on December 16, 2025 (the "Original Form 4").
- Following the filing of the December Form 4/A, it was determined that such transfer of 208 shares via gift had in fact been executed on December 15, 2025, and as such this Form 4 amendment is being filed to report that (after taking into account such transfer) 527,918 shares were transferred via gift on December 15, 2025 (as was reported on the Original Form 4), rather than 527,710 shares (as was reported on the December Form 4/A).
Industry Context
StockSavvy.ai notes that Form 4/A filings are common for correcting minor administrative errors in insider transaction reports and typically do not reflect changes in broader industry trends or the competitive landscape.
Stakeholder Impact
- Shareholders: The filing clarifies the exact number of shares transferred by a significant insider, ensuring accurate public record. There is no material impact on company value or operations.
Key Dates
| Date | Description |
|---|---|
| 12/15/2025 | Date of gift transfer of 527,918 shares of Common Stock by Robert A. Frist Jr. |
| 12/16/2025 | Date of original Form 4 filing reporting the gift transfer. |
| 12/17/2025 | Date of previous Form 4/A filing (December Form 4/A) which contained the administrative error. |
| 02/27/2026 | Signature date of the current Form 4/A amendment. |
Recommendation
holdThis Form 4/A is purely an administrative correction of a previously reported insider gift transaction. It provides no new material information regarding the company's financial performance, operational outlook, or strategic direction that would warrant a change in investment recommendation. Therefore, a 'hold' recommendation is appropriate as the fundamental investment thesis remains unchanged based on this filing.
Keywords
HealthStream, HSTM, SEC Form 4/A, Beneficial Ownership, Insider Transaction, Stock Gift, Robert A. Frist Jr., CEO, Director, 10% Owner
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