secwatch.observer — SEC 8-K summary
======================================

Issuer:     HEALTHSTREAM INC (HSTM)
CIK:        0001095565
Form:       8-K
Filed at:   2026-09-15T13:27:36+00:00
Accession:  0001437749-26-030399
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HealthStream closes $40M private placement with WJRJJ; CEO sells 144K shares
----------------------------------------------------------------------------

- Company issued 1,355,932 shares to WJRJJ Ventures at $29.50/share for ~$40M; closed Sept 14, 2026.
- CEO Robert Frist sold 144,068 shares to WJRJJ for ~$4.25M; retains ~16.4% stake, remains largest shareholder.
- Proceeds for general corporate purposes: investment in solutions, working capital, potential acquisitions.
- Investor Willis Johnson (Copart founder) also owns 42% of Empath Nursing; HealthStream holds ~5% stake in Empath.
- Registration rights granted for resale; shares issued under Section 4(a)(2) exemption.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1095565/000143774926030399/0001437749-26-030399-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1095565/000143774926030399/hstm20260914_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-030399

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer