Form 4: HealthStream CEO Robert Frist Jr. Reports Stock Transactions
SEC Form 4
Robert Frist Jr., CEO and Chairman of HealthStream Inc., reports the acquisition and disposal of company stock and restricted share units on October 30, 2024.
Summary
- On October 30, 2024, Robert A. Frist, Jr., CEO and Chairman of HealthStream Inc. (HSTM), reported transactions involving the company's stock.
- Frist acquired 640 shares of common stock upon the vesting of restricted share units (RSUs).
- He also disposed of 156 shares to cover tax liabilities at a price of $28.95 per share.
- Following these transactions, Frist directly owns 4,752,571 shares of HealthStream common stock.
- Additionally, he indirectly owns shares through various 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.
- Frist also directly owns 2,077 restricted share units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Future Outlook
The vesting schedule of the restricted share units extends to October 27, 2026, contingent upon continued service.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives of publicly traded companies. These filings are monitored by investors for insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into the CEO's holdings and transactions in the company's stock.
Key Dates
| Date | Description |
|---|---|
| 08-16-2007 | Date of various trust agreements (Louise Trust, Merriman Trust, Marie Trust, Knox Trust). |
| 10/27/2023 | 15% of RSUs vested. |
| 10/30/2024 | Date of stock and RSU transactions. |
| 10/31/2024 | Date of signature on the Form 4 filing. |
| 10/27/2024 | 20% of RSUs vest. |
| 10/27/2025 | 30% of RSUs vest. |
| 10/27/2026 | Remaining 35% of RSUs vest. |
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