Form 4: HealthStream CEO Robert Frist Jr. Reports Share Transactions
SEC Form 4 Filing
HealthStream CEO Robert Frist Jr. reports a gift of 6,800 shares and details beneficial ownership of over 4.7 million shares through various trusts.
Summary
- Robert Frist Jr., CEO and Chairman of HealthStream Inc., filed a Form 4 detailing changes in his beneficial ownership of company stock.
- On December 17, 2024, Mr. Frist gifted 6,800 shares of HealthStream common stock.
- The gift was reported as a non-cash transaction with a price of $0.
- Following the transaction, Mr. Frist directly owns 4,745,771 shares.
- He also has indirect ownership of shares through several trusts, including The Carolyn Marie Frist 2005 Vested Trust, The Cate Merriman Frist 2005 Vested Trust, The Eleanor Knox Frist 2005 Vested Trust, Louise Trust u/a/d 08-16-2007, Merriman Trust u/a/d 08-16-2007, Marie Trust u/a/d 08-16-2007, Knox Trust u/a/d 08-16-2007, and Bobby and Melissa Frist Children's 2012 GST-Exempt Trust.
- Each of the first four trusts holds 10,000 shares, the next four hold 18,334 or 18,335 shares each, and the final trust holds 595,000 shares.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing and does not indicate any positive or negative sentiment.
Industry Context
This is a routine filing for a company insider, and is not unusual for executives to manage their holdings through trusts.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the US, and are required by the SEC to ensure transparency of insider trading.
- The level of detail provided in this filing is consistent with other Form 4 filings from executives at similar companies.
- The use of trusts for holding shares is a common practice among high-net-worth individuals and corporate executives for estate planning and tax purposes.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a gift and does not change the total number of outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 12/17/2024 | Date of the share gift transaction. |
| 12/18/2024 | Date the Form 4 was signed. |
Keywords
HealthStream, Robert Frist Jr., Form 4, Beneficial Ownership, Share Transaction, Stock Gift, Trusts, CEO, Director
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