HealthStream (HSTM) 10% Owner Robert Frist Receives RSU Vesting

What Happened

• Robert A. Frist (reported as a 10% owner) had restricted stock units (RSUs) convert to 1,955 shares of HealthStream common stock on 2026-09-29. The RSU conversion is recorded as derivative exercise/conversion (code M).
• To cover tax withholding, 477 of those shares were surrendered (code F) at a reported value of $29.10 per share, totaling $13,881. After withholding, the net shares issued to Frist were 1,478 (1,955 vested − 477 withheld).
• This was a compensation/vesting event (award conversion), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-09-29.
• Vesting/conversion: 1,955 shares @ $0.00 (code M — RSU conversion).
• Tax withholding: 477 shares @ $29.10 = $13,881 (code F — shares withheld).
• Net shares delivered: 1,478 shares.
• Footnotes: Shares were acquired on vesting of RSUs (F1); shares withheld for tax liability (F2); each RSU converts to one share upon vesting (F3). RSUs are subject to multi-year vesting schedules (see filing footnotes F4–F7 for schedule examples).
• Filing timeliness: Not indicated in the provided data.

Context

• This is a routine executive compensation event (RSU vesting). The conversion and withholding reflect a cashless settlement to satisfy tax obligations, not a market sale or purchase signal.
• As a reported 10% owner, Frist’s transactions are tracked under insider rules; such vesting events are common and do not by themselves indicate buy/sell intent.