FRIST ROBERT A JR 4

What Happened

• Robert A. Frist Jr., a reported 10% owner of HealthStream, was granted 3,639 restricted stock units (RSUs) on March 18, 2026. The Form 4 records the award as 3,639 units at $0.00 (derivative award); no cash changed hands at grant.
• This is an equity award (award/grant), not an open-market purchase or sale. RSUs convert to shares only upon vesting per the grant terms.

Key Details

• Transaction date: 2026-03-18; Filing date: 2026-03-24 (filed after the typical 2-business-day Form 4 window).
• Grant: 3,639 RSUs @ $0.00 (reported as a derivative award).
• Shares owned after transaction: Not specified in the filing.
• Footnotes: Each RSU represents the right to one common share upon vesting (F1). Vesting schedule is four years contingent on continued service: 15% on 3/18/2027, 20% on 3/18/2028, 30% on 3/18/2029, and 35% on 3/18/2030 (F2). F3: Not applicable.
• Timeliness: Filing occurred six days after the reported transaction date and therefore appears later than the standard 2-business-day Form 4 deadline.

Context

• RSUs are a deferred, non-cash equity award that convert to shares only as they vest; no shares were immediately issued at grant.
• As a 10% owner, Frist is a significant shareholder; this transaction is an internal equity award rather than a market trade.