Welcome to our dedicated page for Waystar Holding SEC filings (Ticker: WAY), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Healthcare payment platforms like Waystar generate disclosures packed with reimbursement rules, payer-mix tables, and subscription revenue details—information investors need yet struggle to find quickly. If you have ever searched for Waystar insider trading Form 4 transactions or wondered how to decode the company’s deferred revenue footnotes, you know the challenge.
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Canada Pension Plan Investment Board disclosed ownership of 24,964,225 shares of Waystar Holding Corp. common stock, representing 14.3% of the outstanding class based on 174,238,972 shares. The shares are held directly by CPP Investment Board Private Holdings (4) Inc., a wholly owned subsidiary, and the reporting persons state shared voting power and shared dispositive power for the entire position with no sole voting or dispositive power.
This filing is a Schedule 13G/A amendment reporting an institutional investor's passive ownership stake. The statement also references an incorporated power of attorney exhibit used for signature authority.
Waystar Holding Corp. disclosure: Bain Capital-affiliated reporting persons BCPE Derby Investor, LP and BCPE Derby (DE) SPV, LP jointly report beneficial ownership. BCPE Derby holds 2,609,155 shares (~1.5%) and BCPE Derby SPV holds 15,445,894 shares (~8.9%), for a combined 18,055,049 shares representing ~10.3% of outstanding common stock based on 174,146,070 shares outstanding per the issuer's quarterly report. Neither reporting person has sole voting or dispositive power; voting and investment decisions are made by the partners of Bain Capital Investors, LLC. A Stockholders Agreement gives the reporting parties the right to nominate one director while they hold 5% or more; the Agreement requires supporting votes by other parties and the Reporting Persons expressly disclaim group membership.
Waystar Holding Corp. director and Chief Executive Officer Matthew J. Hawkins exercised vested stock options and sold the same shares under a pre-established Rule 10b5-1 trading plan adopted November 22, 2024. On 08/12/2025 he exercised options at an exercise price of $4.14 to acquire 46,667 shares and sold 46,667 shares in multiple transactions at a weighted average price of $34.6622 (range $34.44�$34.89 as disclosed).
Following these transactions the reporting person directly beneficially owned 764,131 shares. The filing also shows direct beneficial ownership of 1,289,745 stock options and indirect option holdings of 343,135 and 250,000 via grantor retained annuity trusts. The transactions are reported as occurring automatically pursuant to the 10b5-1 plan and the options involved were noted as vested.
Christopher L. Schremser, Chief Technology Officer of Waystar Holding Corp. (WAY), executed stock option activity and an offsetting sale on 08/11/2025 under a pre-established trading plan. He exercised 8,623 stock options with an exercise price of $4.14 and received 8,623 shares. Those same 8,623 shares were sold in multiple transactions at a weighted-average price of $34.4882 (range: $34.28 to $34.80).
The transactions were made pursuant to a 10b5-1(c) plan adopted on December 6, 2024. After these transactions the reporting person beneficially owned 438,044 shares of common stock and continued to hold 103,486 stock options; the options involved are stated to be vested.
Waystar Holding Corp. amended its first lien credit agreement on August 12, 2025 to refinance the company’s Existing Term Loans with Replacement Term Loans totaling $1,157,711,636. The replacement loans carry reduced margins: borrowers may elect Adjusted Term SOFR (floor 0.00%) + 2.00% (prior margin 2.25%) or Alternate Base Rate (floor 1.00%) + 1.00% (prior margin 1.25%). The Replacement Term Loans otherwise retain substantially similar terms for maturity, guarantees, collateral, mandatory prepayments, and covenants.
The amendment states there was no change to the Company’s outstanding indebtedness. If the Borrower effects a Repricing Transaction within six months, affected Replacement Term Loans will incur a customary 1.00% premium. The Company also furnished a press release regarding the amendment as Exhibit 99.1.
Derby LuxCo S.a r.l. directly holds 32,645,525 shares of Waystar Holding Corp.'s common stock, representing 18.7% of the 174,146,070 shares reported outstanding as of June 30, 2025. This Schedule 13G/A is filed jointly by Derby and EQT Fund Management S.a r.l., and notes that EQT VIII entities own 100% of Derby's membership interests.
The filing states EQT Fund Management may be deemed to beneficially own the shares held by Derby but expressly disclaims such beneficial ownership. It also discloses that EQT VIII SCSp may be deemed to have an indirect right to receive dividends or proceeds with respect to 5.0% or more of the outstanding common stock.
Waystar Holding Corp. (WAY) � Form 4 filing
CEO & Director Matthew J. Hawkins reported a 1 Aug 2025 transaction involving vested stock options with a $4.14 exercise price and 1 Nov 2027 expiry. Exactly 156,865 options were moved from a 2024 grantor-retained annuity trust (GRAT) to his direct account, coded “J,� which signals a change in form of ownership rather than a sale or purchase. The executive’s pecuniary interest is unchanged.
Post-transaction, Hawkins holds 1,336,412 options directly and 593,135 options indirectly (343,135 in the 2024 GRAT and 250,000 in a 2025 GRAT), totalling 1,929,547 options on common stock. No open-market trading, cash proceeds or equity dilution occurred. The filing therefore has limited immediate market impact but underscores the CEO’s large, fully-vested, below-market option stake, which continues to align his incentives with shareholders.