FRIST ROBERT A JR - 22 Mar 2023 Form 4 Insider Report for HEALTHSTREAM INC (HSTM)

Role: CEO and Chairman, Director, 10%+ Owner
Signature: /s/ Robert A. Frist, Jr.
Issuer symbol: HSTM
Transactions as of: 22 Mar 2023
Net transactions value: -$35,175
Form type: 4
Filing time: 24 Mar 2023, 16:27:38 UTC
Previous filing: 20 Dec 2022
Next filing: 21 Sep 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HSTM	Common Stock Holding	Options Exercise	$0	+5,500	+0.12%	$0.000000	4,757,050	23 Mar 2023	Direct	F1
transaction	HSTM	Common Stock Holding	Tax liability	$35,175	-1,340	-0.03%	$26.25	4,755,710	23 Mar 2023	Direct	F2
holding	HSTM	Common Stock Holding						10,000	22 Mar 2023	The Carolyn Marie Frist 2005 Vested Trust
holding	HSTM	Common Stock Holding						10,000	22 Mar 2023	The Cate Merriman Frist 2005 Vested Trust
holding	HSTM	Common Stock Holding						10,000	22 Mar 2023	The Eleanor Knox Frist 2005 Vested Trust
holding	HSTM	Common Stock Holding						18,335	22 Mar 2023	Louise Trust u/a/d 08-16-2007
holding	HSTM	Common Stock Holding						18,334	22 Mar 2023	Merriman Trust u/a/d 08-16-2007
holding	HSTM	Common Stock Holding						18,334	22 Mar 2023	Marie Trust u/a/d 08-16-2007
holding	HSTM	Common Stock Holding						18,334	22 Mar 2023	Knox Trust u/a/d 08-16-2007
holding	HSTM	Common Stock Holding						595,000	22 Mar 2023	Bobby and Melissa Frist Children's 2012 GST-Exempt Trust

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	HSTM	Restricted Share Units	Award	$0	+2,857		$0.000000	2,857	22 Mar 2023	Common Stock	2,857	$0.000000	Direct	F3, F4, F5
transaction	HSTM	Restricted Share Units	Options Exercise	$0	-1,667	-100%	$0.000000^*	0	23 Mar 2023	Common Stock	1,667	$0.000000	Direct	F3, F5, F6
transaction	HSTM	Restricted Share Units	Options Exercise	$0	-1,719	-46%	$0.000000	2,005	23 Mar 2023	Common Stock	1,719	$0.000000	Direct	F3, F5, F7
transaction	HSTM	Restricted Share Units	Options Exercise	$0	-1,143	-24%	$0.000000	3,716	23 Mar 2023	Common Stock	1,143	$0.000000	Direct	F3, F5, F8
transaction	HSTM	Restricted Share Units	Options Exercise	$0	-971	-15%	$0.000000	5,500	23 Mar 2023	Common Stock	971	$0.000000	Direct	F3, F5, F9

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

Explanation of Responses:

Id	Content
F1	Shares acquired on vesting of restricted share units.
F2	Shares withheld for payment of tax liability.
F3	Each restricted share unit (RSU) represents the contingent right to receive one share of common stock upon vesting of the unit.
F4	The RSUs are subject to a four year vesting schedule, contingent upon continued service at the time of vesting. 15% vest on March 22, 2024, 20% vest on March 22, 2025, 30% vest on March 22, 2026, and the remaining 35% vest on March 22, 2027.
F5	Not applicable.
F6	The RSUs are subject to a four year vesting schedule, contingent upon continued service at the time of vesting. 15% vest on March 15, 2020, 20% vest on March 15, 2021, 30% vest on March 15, 2022, and the remaining 35% vest on March 15, 2023.
F7	The RSUs are subject to a four year vesting schedule, contingent upon continued service at the time of vesting. 15% vest on March 11, 2021, 20% vest on March 11, 2022, 30% vest on March 11, 2023, and the remaining 35% vest on March 11, 2024.
F8	The RSUs are subject to a four year vesting schedule, contingent upon continued service at the time of vesting. 15% vest on March 17, 2022, 20% vest on March 17, 2023, 30% vest on March 17, 2024, and the remaining 35% vest on March 17, 2025.
F9	The RSUs are subject to a four year vesting schedule, contingent upon continued service at the time of vesting. 15% vest on March 23, 2023, 20% vest on March 23, 2024, 30% vest on March 23, 2025, and the remaining 35% vest on March 23, 2026.