# EDGAR Filing Document

**Accession Number:** 0001600004
**File Stem:** 0000929638-26-001019
**Filing Date:** 2026-3
**Character Count:** 10342
**Document Hash:** 41b1e9331b01c08c52c4d6cbd4ca38b6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000929638-26-001019.hdr.sgml**: 20260313

**ACCESSION NUMBER**: 0000929638-26-001019

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D/A

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20260313

**DATE AS OF CHANGE**: 20260313

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Health Catalyst, Inc.
- **CENTRAL INDEX KEY:** 0001636422
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 453337483
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-91321
- **FILM NUMBER:** 26754060

**BUSINESS ADDRESS:**
- **STREET 1:** 10897 SOUTH RIVER FRONT PARKWAY, #300
- **CITY:** SOUTH JORDAN
- **STATE:** UT
- **ZIP:** 84095
- **BUSINESS PHONE:** 801-708-6800

**MAIL ADDRESS:**
- **STREET 1:** 10897 SOUTH RIVER FRONT PARKWAY, #300
- **CITY:** SOUTH JORDAN
- **STATE:** UT
- **ZIP:** 84095

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HQC Holdings, Inc.
- **DATE OF NAME CHANGE:** 20150312
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** First Light Asset Management, LLC
- **CENTRAL INDEX KEY:** 0001600004

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A

**BUSINESS ADDRESS:**
- **STREET 1:** 3300 EDINBOROUGH WAY
- **STREET 2:** SUITE 201
- **CITY:** EDINA
- **STATE:** MN
- **ZIP:** 55435
- **BUSINESS PHONE:** 952-831-6500

**MAIL ADDRESS:**
- **STREET 1:** 3300 EDINBOROUGH WAY
- **STREET 2:** SUITE 201
- **CITY:** EDINA
- **STATE:** MN
- **ZIP:** 55435

## Exhibit 99.1

#### Exhibit 99.1

#### Transactions effected during

#### the sixty day period prior to the filing
During the sixty day period prior to the filing of this Schedule 13D amendment, the Reporting Persons engaged in the transactions in Common Stock of the Company listed below.

Transactions effected on behalf of the Separately Managed Accounts were effected as a result of redemption decisions made by the persons holding such Separately Managed Accounts.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Relevant Party** | **Transaction** | **Date** | **No. Shares** | **Price Per Share (1)** |
| Separately Managed Accounts | Open Market Sale | 1/12/2026 | 122 | 2.44 |
|  | Open Market Sale | 1/13/2026 | 348 | 2.37 |
|  | Open Market Sale | 1/14/2026 | 827 | 2.33 |
|  | Open Market Sale | 1/15/2026 | 3628 | 2.34 (2) |
|  | Open Market Sale | 1/16/2026 | 152 | 2.34 |
|  | Open Market Sale | 1/20/2026 | 141 | 2.21 |
|  | Open Market Sale | 1/21/2026 | 196 | 2.25 |
|  | Open Market Sale | 1/22/2026 | 251 | 2.4 |
|  | Open Market Sale | 1/27/2026 | 611 | 2.18 (3) |
|  | Open Market Sale | 1/28/2026 | 14 | 2.23 |
|  | Open Market Sale | 1/29/2026 | 145 | 2.16 |
|  | Open Market Sale | 2/2/2026 | 1093 | 2.36 |
|  | Open Market Sale | 2/13/2026 | 88 | 1.9 |
|  | Open Market Sale | 2/17/2026 | 9 | 1.81 |
|  | Open Market Sale | 2/18/2026 | 249 | 1.7 |
|  | Open Market Sale | 2/24/2026 | 64 | 1.78 |
|  | Open Market Sale | 2/25/2026 | 158 | 1.79 |
|  | Open Market Sale | 3/13/2026 | 7 | 1.23 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) The Reporting Persons undertake to provide, upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the Company, full
 information regarding the number of shares sold at each price for which weighted average prices are provided for the transactions reported below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Represents the weighted average sales price on the transaction date at prices ranging from $2.32 to $2.37 per share.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) Represents the weighted average sales price on the transaction date at prices ranging from $2.17 to $2.20 per share.

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**(Amendment No. 1)**

**Health Catalyst, Inc.**

*(Name of Issuer)*

**Common Stock, $0.01 par value**

*(Title of Class of Securities)*

**42225T107**

*(CUSIP Number)*

**Kurt T. Peterson**<br>First Light Asset Management<br>3300 Edinborough Way, Suite 201<br>Edina MN 55435<br>952-831-6500

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**03/12/2026**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **42225T107** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**First Light Asset Management, LLC** | Name of reporting person<br>**First Light Asset Management, LLC** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**AF** | Source of funds (See Instructions)<br>**AF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**12884373.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**12884373.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**12884373.00** | Aggregate amount beneficially owned by each reporting person<br>**12884373.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**17.51%** | Percent of class represented by amount in Row (11)<br>**17.51%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IA** | Type of Reporting Person (See Instructions)<br>**IA** | |

---

| **CUSIP No.** | **42225T107** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Mathew P. Arens** | Name of reporting person<br>**Mathew P. Arens** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**AF** | Source of funds (See Instructions)<br>**AF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**X1** | Citizenship or place of organization<br>**X1** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**509500.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**12955873.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**509500.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**12955873.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**13465373.00** | Aggregate amount beneficially owned by each reporting person<br>**13465373.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**18.3%** | Percent of class represented by amount in Row (11)<br>**18.3%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Common Stock, $0.01 par value

**(b) Name of Issuer:**
Health Catalyst, Inc.

**(c) Address of Issuer's Principal Executive Offices:**
10897 South River Front Parkway, Suite #300, South Jordan, UT, 84095

This amendment is being filed to amend Items 2(a), 5 and 7 of the Schedule 13D filed by the Reporting Persons (as defined below) on December 3, 2025.

**Item 5. Interest in Securities of the Issuer**

**(a)**
See Items 7-13 of the cover pages and Item 2 above.

**(b)**
See Items 7-13 of the cover pages and Item 2 above.

The percentages reported herein with respect to the Reporting Persons' beneficial ownership are calculated based upon a statement in the Company's Annual Report on Form 10-K for the year ended December 31, 2025, as filed with the Securities and Exchange Commission on March 12, 2026, that there were 73,586,183 shares of Common Stock outstanding as of March 5, 2026.

**(c)**
During the sixty day period prior to the filing of this Schedule 13D, the Reporting Persons engaged in the transactions in Common Stock of the Company listed in Exhibit 99.1 hereto.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** First Light Asset Management, LLC

**Signature:** /s/ Kurt T. Peterson

**Name/Title:** Kurt T. Peterson, Chief Compliance Officer

**Date:** 03/13/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Mathew P. Arens

**Signature:** /s/ Mathew P. Arens

**Name/Title:** Mathew P. Arens

**Date:** 03/13/2026