Frist Robert A Jr - Dec 29, 2021 Form 4 Insider Report for HEALTHSTREAM INC (HSTM)

Role: CEO and Chairman, Director, 10%+ Owner
Signature: /s/ Robert A. Frist, Jr.
Stock symbol: HSTM
Transactions as of: Dec 29, 2021
Transactions value $: $0
Form type: 4
Date filed: 12/29/2021, 04:46 PM
Next filing: Jan 12, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HSTM	Common Stock Holding	Disposed to Issuer	$0	-93.6K	-1.93%	$0.00	4.76M	Dec 29, 2021	Direct	F1
holding	HSTM	Common Stock Holding						10K	Dec 29, 2021	The Carolyn Marie Frist 2005 Vested Trust
holding	HSTM	Common Stock Holding						10K	Dec 29, 2021	The Cate Merriman Frist 2005 Vested Trust
holding	HSTM	Common Stock Holding						10K	Dec 29, 2021	The Eleanor Knox Frist 2005 Vested Trust
holding	HSTM	Common Stock Holding						18.3K	Dec 29, 2021	Louise Trust u/a/d 08-16-2007
holding	HSTM	Common Stock Holding						18.3K	Dec 29, 2021	Merriman Trust u/a/d 08-16-2007
holding	HSTM	Common Stock Holding						18.3K	Dec 29, 2021	Marie Trust u/a/d 08-16-2007
holding	HSTM	Common Stock Holding						18.3K	Dec 29, 2021	Knox Trust u/a/d 08-16-2007
holding	HSTM	Common Stock Holding						595K	Dec 29, 2021	Bobby and Melissa Frist Children's 2012 GST-Exempt Trust

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On December 29, 2021, Robert A. Frist, Jr., the chief executive officer and chairman of HealthStream, Inc. (the "Company"), contributed 86,494 of his shares of Company common stock to the Company without any consideration paid to Mr. Frist. This contribution is for the benefit of over 1,000 employees, excluding executives, vice presidents, or associate vice presidents. The Company has approved the grant of that same number of shares contributed by Mr. Frist under its 2016 Omnibus Incentive Plan to these employees. It is contemplated that these shares, which will not be subject to any vesting conditions, will be issued on December 29, 2021. In addition, on December 29, 2021, Mr. Frist contributed an additional 7,113 shares to the Company, without consideration paid to Mr. Frist, which amount is equivalent to the estimated Company costs associated with the equity grants, such as administrative expenses and employer payroll taxes, which will be associated with the grants.

Content

On December 29, 2021, Robert A. Frist, Jr., the chief executive officer and chairman of HealthStream, Inc. (the "Company"), contributed 86,494 of his shares of Company common stock to the Company without any consideration paid to Mr. Frist. This contribution is for the benefit of over 1,000 employees, excluding executives, vice presidents, or associate vice presidents. The Company has approved the grant of that same number of shares contributed by Mr. Frist under its 2016 Omnibus Incentive Plan to these employees. It is contemplated that these shares, which will not be subject to any vesting conditions, will be issued on December 29, 2021. In addition, on December 29, 2021, Mr. Frist contributed an additional 7,113 shares to the Company, without consideration paid to Mr. Frist, which amount is equivalent to the estimated Company costs associated with the equity grants, such as administrative expenses and employer payroll taxes, which will be associated with the grants.