Form 4: HealthStream Director Frank Gordon Acquires Additional Shares in Lieu of Cash Compensation

Director Frank Gordon increased his holdings in HealthStream Inc. by acquiring 225 shares of common stock in lieu of cash compensation for board service.

Summary

• On March 11, 2024, Frank Gordon, a director of HealthStream Inc. (HSTM), acquired 225 shares of common stock.
• The acquisition was made in lieu of cash compensation for his service on the company's Board of Directors.
• The price per share was $26.7.
• Following the transaction, Gordon directly owns 202,265 shares.
• Gordon also indirectly owns 100,000 shares held by Crofton Capital, 11,386 shares held by The Joel Company, 2,500 shares in a custodial account for Gavin B. Gordon, 2,500 shares in a custodial account for Cameron L. Gordon, 2,000 shares in a custodial account for Taylor K. Gordon, and 2,000 shares in the Frank E. Gordon 2003 Family Trust.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a routine disclosure of a director acquiring shares in lieu of cash compensation. It doesn't inherently indicate positive or negative performance.

Positives

• Director's acquisition of shares may signal confidence in the company's future prospects.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Stakeholder Impact

• The transaction may have a minor positive impact on shareholder sentiment due to the director increasing their stake in the company.

Key Dates