---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-037279"
form_type: "8-K"
ticker: "HSTM"
cik: "0001095565"
company_name: "HEALTHSTREAM INC"
filed_at: "2025-12-09T23:59:59+00:00"
generated_at: "2026-05-16T13:44:31.951264+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# HealthStream CEO contributes $3.5M in personal shares to reward 700+ employees

## Summary
- CEO Robert Frist contributed 146,286 personal shares (~$3.5M) for immediate grant to over 700 non-executive employees.
- Additional 11,492 shares (~$275k) contributed to cover company costs; no consideration paid to Frist.
- Q4 2025 expense of $3.775M recorded, reducing EPS by $0.10; no dilution to existing shareholders.
- Shares distributed based on years of service; executives and VPs excluded from the grant.

## SEC filing metadata
- accession: 0001437749-25-037279
- form_type: 8-K
- ticker: HSTM
- cik: 0001095565
- company_name: HEALTHSTREAM INC
- filed_at: 2025-12-09T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1095565/000143774925037279/0001437749-25-037279-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1095565/000143774925037279/hstm20251209_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-037279
- JSON: https://secwatch.observer/filing/0001437749-25-037279.json
- Plain text: https://secwatch.observer/filing/0001437749-25-037279.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.