FRIST ROBERT A JR 4

What Happened

• Robert A. Frist Jr., reported as a 10% owner of HealthStream, disposed of 8,500 shares by gift on January 3, 2024. The transaction is reported at $0.00 per share (gift), so there were no proceeds from the transfer.
• This transaction was reported on a Form 4 filed February 27, 2026; the filing notes the Form 4 is being filed late due to an administrative error.

Key Details

• Transaction date: 2024-01-03; Report filed: 2026-02-27 (late filing).
• Transaction type/code: Gift (G); price per share reported $0.00; total proceeds $0.
• Shares disposed: 8,500 shares.
• Shares owned after transaction: Not specified in this filing (footnote F1 states the form reflects securities directly beneficially owned as of the date hereof).
• Footnotes/remarks: F1 notes beneficial ownership is reflected as of the filing date; the filing states the late report was due to an administrative error (timeliness = L).

Context

• Gifts are a disposition, not a sale for cash; they do not necessarily indicate the insider’s view of the company’s prospects (common reasons include estate planning or transfers to family/charity).
• As a 10% owner, Frist is a significant shareholder rather than necessarily an executive; such transfers can be non-market-driven.