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[Form 4] Waystar Holding Corp. Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

Waystar Holding Corp. insider filing: Gregory R. Packer, Chief Legal Officer, was granted 78,321 restricted stock units (RSUs) on 08/18/2025. Each RSU represents a contingent right to one share of Waystar common stock upon settlement. The RSUs vest over four years, with 40% vesting in year 3 and 60% vesting in year 4. The filing reports 131,147 shares beneficially owned following the transaction, which includes unvested RSUs. The grant was reported on Form 4 and carries a reported price of $0 (typical for RSU grants). The filing is signed by Mr. Packer on 08/19/2025.

Dichiarazione insider di Waystar Holding Corp.: A Gregory R. Packer, Chief Legal Officer, sono state assegnate 78.321 unità azionarie vincolate (RSU) in data 18/08/2025. Ciascuna RSU dà diritto, al momento della liquidazione, a una singola azione ordinaria di Waystar. Le RSU maturano in quattro anni, con il 40% che matura nel terzo anno e il 60% nel quarto anno. La comunicazione riporta la detenzione effettiva di 131.147 azioni dopo l’operazione, comprensive delle RSU non ancora maturate. La concessione è stata segnalata sul Modulo 4 e riporta un prezzo dichiarato pari a $0 (pratica comune per le RSU). Il documento è firmato dal Sig. Packer in data 19/08/2025.

Presentación de insider de Waystar Holding Corp.: A Gregory R. Packer, Director Jurídico, se le otorgaron 78.321 unidades restringidas de acciones (RSU) el 18/08/2025. Cada RSU representa el derecho contingente a una acción ordinaria de Waystar al momento del pago. Las RSU se consolidan a lo largo de cuatro años, con el 40% consolidándose en el año 3 y el 60% en el año 4. La presentación informa la propiedad beneficiaria de 131.147 acciones tras la transacción, que incluye RSU no vencidas. La concesión se informó en el Formulario 4 y figura con un precio declarado de $0 (típico en asignaciones de RSU). La presentación está firmada por el Sr. Packer el 19/08/2025.

Waystar Holding Corp. 내부� 신고: 최고법무책임�(Chief Legal Officer) Gregory R. Packer에게 2025-08-18� 78,321 제한주식단위(RSU)가 부여되었습니다. � RSU� 정산 � Waystar 보통� 1주를 받을 � 있는 조건부 권리� 의미합니�. RSU� 4년에 걸쳐 소유권이 확정되며, 3년차� 40%가, 4년차� 60%가 확정됩니�. 해당 거래 � 신고서에� 미확� RSU� 포함하여 � 131,147�� 실질적으� 보유하고 있는 것으� 기재되어 있습니다. 해당 부여는 Form 4� 보고되었�, RSU 부여의 일반적인 관행인 $0� 보고 가격을 명시하고 있습니다. 신고서는 2025-08-19� Packer 씨가 서명했습니다.

Déclaration d'initié de Waystar Holding Corp. : À Gregory R. Packer, Chief Legal Officer, ont été attribuées le 18/08/2025 78 321 unités d'actions restreintes (RSU). Chaque RSU représente le droit conditionnel à une action ordinaire de Waystar lors de la liquidation. Les RSU se acquièrent sur quatre ans, avec 40 % vestés la 3e année et 60 % la 4e année. Le dépôt indique une détention bénéficiaire de 131 147 actions après la transaction, ce qui comprend des RSU non acquises. La remise a été signalée sur le formulaire 4 et comporte un prix déclaré de 0 $ (pratique habituelle pour les attributions de RSU). Le document est signé par M. Packer le 19/08/2025.

Insider-Meldung von Waystar Holding Corp.: Gregory R. Packer, Chief Legal Officer, wurden am 18.08.2025 78.321 Restricted Stock Units (RSUs) gewährt. Jede RSU berechtigt bei Ausgleich zu einer Aktie der Stammaktien von Waystar. Die RSUs vesten über vier Jahre, wobei 40 % im dritten Jahr und 60 % im vierten Jahr vesten. Die Meldung gibt an, dass nach der Transaktion 131.147 Aktien wirtschaftlich gehalten werden, einschließlich unvesteter RSUs. Die Zuteilung wurde in Formular 4 gemeldet und weist einen angegebenen Preis von $0 auf (üblich bei RSU-Zuteilungen). Das Dokument ist vom Herrn Packer am 19.08.2025 unterzeichnet.

Positive
  • Grant of 78,321 RSUs disclosed, providing clear information on executive compensation
  • Vesting schedule specified (40% in year 3, 60% in year 4), clarifying timing of future equity issuance
  • Total beneficial ownership disclosed (131,147 shares), including unvested RSUs, improving transparency
Negative
  • None.

Insights

TL;DR: An executive RSU grant aligns long-term incentives but is a routine, non-cash compensation event disclosed under Section 16.

The 78,321 RSU award vests in later years (no near-term vesting), which suggests retention-focused compensation. The filing clearly states vesting schedule and that reported beneficial ownership (131,147 shares) includes unvested RSUs, providing transparency on potential future dilution and insider alignment with shareholders. No additional transactions or cash sales are disclosed.

TL;DR: This is a time-based RSU grant with backloaded vesting, emphasizing long-term retention rather than immediate liquidity.

The RSU structure (40% in year 3, 60% in year 4) defers value to later periods, which may retain executive tenure. The Form 4 reports zero price, consistent with RSUs rather than purchased shares; the document also notes total beneficial ownership including unvested awards (131,147). No exercise prices or derivative instruments are reported.

Dichiarazione insider di Waystar Holding Corp.: A Gregory R. Packer, Chief Legal Officer, sono state assegnate 78.321 unità azionarie vincolate (RSU) in data 18/08/2025. Ciascuna RSU dà diritto, al momento della liquidazione, a una singola azione ordinaria di Waystar. Le RSU maturano in quattro anni, con il 40% che matura nel terzo anno e il 60% nel quarto anno. La comunicazione riporta la detenzione effettiva di 131.147 azioni dopo l’operazione, comprensive delle RSU non ancora maturate. La concessione è stata segnalata sul Modulo 4 e riporta un prezzo dichiarato pari a $0 (pratica comune per le RSU). Il documento è firmato dal Sig. Packer in data 19/08/2025.

Presentación de insider de Waystar Holding Corp.: A Gregory R. Packer, Director Jurídico, se le otorgaron 78.321 unidades restringidas de acciones (RSU) el 18/08/2025. Cada RSU representa el derecho contingente a una acción ordinaria de Waystar al momento del pago. Las RSU se consolidan a lo largo de cuatro años, con el 40% consolidándose en el año 3 y el 60% en el año 4. La presentación informa la propiedad beneficiaria de 131.147 acciones tras la transacción, que incluye RSU no vencidas. La concesión se informó en el Formulario 4 y figura con un precio declarado de $0 (típico en asignaciones de RSU). La presentación está firmada por el Sr. Packer el 19/08/2025.

Waystar Holding Corp. 내부� 신고: 최고법무책임�(Chief Legal Officer) Gregory R. Packer에게 2025-08-18� 78,321 제한주식단위(RSU)가 부여되었습니다. � RSU� 정산 � Waystar 보통� 1주를 받을 � 있는 조건부 권리� 의미합니�. RSU� 4년에 걸쳐 소유권이 확정되며, 3년차� 40%가, 4년차� 60%가 확정됩니�. 해당 거래 � 신고서에� 미확� RSU� 포함하여 � 131,147�� 실질적으� 보유하고 있는 것으� 기재되어 있습니다. 해당 부여는 Form 4� 보고되었�, RSU 부여의 일반적인 관행인 $0� 보고 가격을 명시하고 있습니다. 신고서는 2025-08-19� Packer 씨가 서명했습니다.

Déclaration d'initié de Waystar Holding Corp. : À Gregory R. Packer, Chief Legal Officer, ont été attribuées le 18/08/2025 78 321 unités d'actions restreintes (RSU). Chaque RSU représente le droit conditionnel à une action ordinaire de Waystar lors de la liquidation. Les RSU se acquièrent sur quatre ans, avec 40 % vestés la 3e année et 60 % la 4e année. Le dépôt indique une détention bénéficiaire de 131 147 actions après la transaction, ce qui comprend des RSU non acquises. La remise a été signalée sur le formulaire 4 et comporte un prix déclaré de 0 $ (pratique habituelle pour les attributions de RSU). Le document est signé par M. Packer le 19/08/2025.

Insider-Meldung von Waystar Holding Corp.: Gregory R. Packer, Chief Legal Officer, wurden am 18.08.2025 78.321 Restricted Stock Units (RSUs) gewährt. Jede RSU berechtigt bei Ausgleich zu einer Aktie der Stammaktien von Waystar. Die RSUs vesten über vier Jahre, wobei 40 % im dritten Jahr und 60 % im vierten Jahr vesten. Die Meldung gibt an, dass nach der Transaktion 131.147 Aktien wirtschaftlich gehalten werden, einschließlich unvesteter RSUs. Die Zuteilung wurde in Formular 4 gemeldet und weist einen angegebenen Preis von $0 auf (üblich bei RSU-Zuteilungen). Das Dokument ist vom Herrn Packer am 19.08.2025 unterzeichnet.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
PACKER GREGORY R

(Last) (First) (Middle)
1550 DIGITAL DRIVE, #300

(Street)
LEHI UT 84043

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Waystar Holding Corp. [ WAY ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Legal officer
3. Date of Earliest Transaction (Month/Day/Year)
08/18/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 08/18/2025 A 78,321 A(1) $0 131,147(2) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Reflects a grant of restricted stock units ("RSUs") which vest over 4 years, with 40% vesting in year 3 and 60% vesting in year 4. Each RSU represents a contingent right to receive one share of common stock, $0.01 par value per share (the "Common Stock") upon settlement.
2. Includes unvested RSUs.
Remarks:
/s/ Gregory R Packer 08/19/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Gregory R. Packer report on Form 4 for WAY?

He reported a grant of 78,321 restricted stock units (RSUs) on 08/18/2025 and that he beneficially owns 131,147 shares following the transaction.

How do the RSUs granted to Mr. Packer vest?

The RSUs vest over four years with 40% vesting in year 3 and 60% vesting in year 4 as stated in the filing.

Does the Form 4 show a purchase price for the RSUs?

The filing reports a price of $0, which is typical for RSU grants that are not purchased.

Is the reported beneficial ownership figure inclusive of unvested awards?

Yes, the filing states that the 131,147 shares amount includes unvested RSUs.

When was the Form 4 signed by the reporting person?

The Form 4 bears the signature of Gregory R. Packer dated 08/19/2025.
Waystar Holding Corp.

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Health Information Services
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United States
LEHI