[Form 4] Waystar Holding Corp. Insider Trading Activity
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鈥�$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.
Il direttore e Chief Executive Officer di Waystar Holding Corp., Matthew J. Hawkins, ha esercitato opzioni su azioni gi脿 maturate e ha venduto le stesse azioni nell'ambito di un piano di negoziazione Rule 10b5-1 predefinito adottato il 22 novembre 2024. Il 08/12/2025 ha esercitato opzioni al prezzo di esercizio $4.14 per acquisire 46,667 azioni e ha venduto 46,667 azioni in pi霉 transazioni a un prezzo medio ponderato di $34.6622 (intervallo $34.44鈥�$34.89 come dichiarato).
A seguito di queste operazioni, la persona segnalante possedeva direttamente a titolo beneficiario 764,131 azioni. La documentazione indica inoltre una titolarit脿 beneficiaria diretta di 1,289,745 opzioni su azioni e partecipazioni indirette in opzioni per 343,135 e 250,000 tramite grantor retained annuity trusts. Le transazioni sono riportate come avvenute automaticamente ai sensi del piano 10b5-1 e le opzioni sono state annotate come gi脿 maturate.
El director y consejero delegado (CEO) de Waystar Holding Corp., Matthew J. Hawkins, ejerci贸 opciones sobre acciones ya consolidadas y vendi贸 esas mismas acciones bajo un plan de negociaci贸n Rule 10b5-1 preestablecido, adoptado el 22 de noviembre de 2024. El 08/12/2025 ejerci贸 opciones a un precio de ejercicio de $4.14 para adquirir 46,667 acciones y vendi贸 46,667 acciones en varias transacciones a un precio medio ponderado de $34.6622 (rango $34.44鈥�$34.89 seg煤n se divulg贸).
Tras estas operaciones, la persona informante pose铆a directamente a t铆tulo beneficiario 764,131 acciones. La presentaci贸n tambi茅n muestra la propiedad beneficiaria directa de 1,289,745 opciones sobre acciones y tenencias indirectas de opciones por 343,135 y 250,000 a trav茅s de grantor retained annuity trusts. Las transacciones se informan como realizadas autom谩ticamente conforme al plan 10b5-1 y las opciones se indican como con derecho ya adquirido.
Waystar Holding Corp.鞚� 鞚挫偓 瓴� 斓滉碃瓴届榿鞛�(CEO) Matthew J. Hawkins電� 鞚措 甓岆Μ臧� 頇曥爼霅� 鞀ろ啞鞓奠厴鞚� 頄夓偓頃橁碃, 2024雲� 11鞗� 22鞚� 毂勴儩霅� 靷爠 靹れ爼霅� Rule 10b5-1 瓯半灅瓿勴殟鞐� 霐半澕 霃欖澕頃� 欤检嫕鞚� 毵る弰頄堨姷雼堧嫟. 08/12/2025鞐� 攴鸽姅 頄夓偓臧�瓴� $4.14搿� 鞓奠厴鞚� 頄夓偓頃橃棳 46,667欤茧ゼ 旆摑頃橁碃, 鞐煬 瓯挫潣 瓯半灅鞐愳劀 臧�欷戫弶攴犼皜瓴� $34.6622(瓿店皽霅� 氩旍渼 $34.44鈥�$34.89)鞐� 46,667欤茧ゼ 毵り皝頄堨姷雼堧嫟.
鞚措摛 瓯半灅 鞚错泟 氤搓碃 雽�靸侅瀽電� 歆侅爲鞝侅溂搿� 靾橃澋鞝� 氤挫湢鞛愲靹� 764,131欤茧ゼ 氤挫湢頃橁碃 鞛堨棃鞀惦媹雼�. 鞝滌稖 靹滊鞐愲姅 霕愴暅 歆侅爲鞝侅澑 靾橃澋鞝� 氤挫湢搿� 1,289,745臧滌潣 鞀ろ啞鞓奠厴瓿�, grantor retained annuity trusts毳� 韱淀暣 臧侁皝 343,135 氚� 250,000臧滌潣 臧勳爲 鞓奠厴 氤挫湢臧� 旮办灛霅橃柎 鞛堨姷雼堧嫟. 瓯半灅霌れ潃 10b5-1 瓿勴殟鞐� 霐半澕 鞛愲彊鞙茧 鞚措（鞏挫 瓴冹溂搿� 氤搓碃霅橃棃鞙茧┌, 頃措嫻 鞓奠厴霌れ潃 甓岆Μ 頇曥爼(vested) 靸來儨搿� 響滉赴霅橃棃鞀惦媹雼�.
Le directeur et Chief Executive Officer de Waystar Holding Corp., Matthew J. Hawkins, a exerc茅 des options d'achat d'actions d茅j脿 acquises et a vendu ces m锚mes actions dans le cadre d'un plan de n茅gociation Rule 10b5-1 pr茅茅tabli, adopt茅 le 22 novembre 2024. Le 08/12/2025, il a exerc茅 des options au prix d'exercice de $4.14 pour acqu茅rir 46,667 actions, puis a vendu 46,667 actions dans plusieurs op茅rations 脿 un prix moyen pond茅r茅 de $34.6622 (fourchette $34.44鈥�$34.89 tel que divulgu茅).
脌 la suite de ces op茅rations, la personne d茅clarante d茅tenait directement 脿 titre b茅n茅ficiaire 764,131 actions. Le d茅p么t indique 茅galement une d茅tention b茅n茅ficiaire directe de 1,289,745 options sur actions et des participations indirectes en options de 343,135 et 250,000 via des grantor retained annuity trusts. Les transactions sont d茅clar茅es comme s'茅tant d茅roul茅es automatiquement conform茅ment au plan 10b5-1 et les options sont signal茅es comme acquises.
Der Direktor und Chief Executive Officer von Waystar Holding Corp., Matthew J. Hawkins, hat bereits unverfallbare Aktienoptionen ausge眉bt und die gleichen Aktien im Rahmen eines vorab eingerichteten Rule-10b5-1-Handelsplans verkauft, der am 22. November 2024 angenommen wurde. Am 08/12/2025 眉bte er Optionen zum Aus眉bungspreis von $4.14 aus, um 46,667 Aktien zu erwerben, und verkaufte 46,667 Aktien in mehreren Transaktionen zu einem gewichteten Durchschnittspreis von $34.6622 (Spanne $34.44鈥�$34.89 wie offengelegt).
Nach diesen Transaktionen hielt die meldende Person unmittelbar wirtschaftlich beg眉nstigt 764,131 Aktien. Die Einreichung weist zudem eine unmittelbare wirtschaftliche Inhaberschaft an 1,289,745 Aktienoptionen sowie indirekte Optionsbest盲nde von 343,135 und 250,000 眉ber grantor retained annuity trusts aus. Die Transaktionen werden als automatisch gem盲脽 dem 10b5-1-Plan erfolgt gemeldet und die Optionen wurden als unverfallbar angegeben.
- Transactions executed under a pre-established Rule 10b5-1 plan, adopted November 22, 2024, indicating pre-planned trading activity.
- Options were reported as vested, allowing lawful exercise and immediate disposition as disclosed.
- Director/CEO sold 46,667 shares, which reduced his direct beneficial ownership from 810,798 to 764,131 shares as shown on the form.
- Insider sale is material to insider liquidity (exercise at $4.14 and sale at weighted average $34.6622), which may be interpreted by some investors as cashing gains.
Insights
TL;DR: CEO exercised vested options at $4.14 and sold 46,667 shares at a weighted average of $34.6622 under a 10b5-1 plan.
The activity is a routine insider option exercise followed by an immediate planned sale, consistent with a Rule 10b5-1 program adopted on November 22, 2024. The exercise price of $4.14 versus the weighted average sale price of $34.6622 shows a large per-share gain on the exercised options; the filing reports the exact sale price range. This disclosure is procedural and provides transparency about timing and pricing of the transactions.
Impact assessment: Neutral for immediate valuation; informational for share-count and insider liquidity analysis.
TL;DR: Transactions were executed under a pre-established, documented 10b5-1 plan and options stated as vested; reporting is compliant and transparent.
The filer discloses that the sales were made pursuant to an affirmative defense plan, and the form specifies that the options were vested. The filing also itemizes direct and indirect beneficial option holdings, including amounts held in grantor retained annuity trusts. From a governance perspective, use of a documented plan reduces questions about opportunistic timing, and clear reporting of holdings and transaction prices supports regulatory compliance and market transparency.
Impact assessment: Not materially impactful to corporate governance beyond routine insider liquidity disclosure.
Il direttore e Chief Executive Officer di Waystar Holding Corp., Matthew J. Hawkins, ha esercitato opzioni su azioni gi脿 maturate e ha venduto le stesse azioni nell'ambito di un piano di negoziazione Rule 10b5-1 predefinito adottato il 22 novembre 2024. Il 08/12/2025 ha esercitato opzioni al prezzo di esercizio $4.14 per acquisire 46,667 azioni e ha venduto 46,667 azioni in pi霉 transazioni a un prezzo medio ponderato di $34.6622 (intervallo $34.44鈥�$34.89 come dichiarato).
A seguito di queste operazioni, la persona segnalante possedeva direttamente a titolo beneficiario 764,131 azioni. La documentazione indica inoltre una titolarit脿 beneficiaria diretta di 1,289,745 opzioni su azioni e partecipazioni indirette in opzioni per 343,135 e 250,000 tramite grantor retained annuity trusts. Le transazioni sono riportate come avvenute automaticamente ai sensi del piano 10b5-1 e le opzioni sono state annotate come gi脿 maturate.
El director y consejero delegado (CEO) de Waystar Holding Corp., Matthew J. Hawkins, ejerci贸 opciones sobre acciones ya consolidadas y vendi贸 esas mismas acciones bajo un plan de negociaci贸n Rule 10b5-1 preestablecido, adoptado el 22 de noviembre de 2024. El 08/12/2025 ejerci贸 opciones a un precio de ejercicio de $4.14 para adquirir 46,667 acciones y vendi贸 46,667 acciones en varias transacciones a un precio medio ponderado de $34.6622 (rango $34.44鈥�$34.89 seg煤n se divulg贸).
Tras estas operaciones, la persona informante pose铆a directamente a t铆tulo beneficiario 764,131 acciones. La presentaci贸n tambi茅n muestra la propiedad beneficiaria directa de 1,289,745 opciones sobre acciones y tenencias indirectas de opciones por 343,135 y 250,000 a trav茅s de grantor retained annuity trusts. Las transacciones se informan como realizadas autom谩ticamente conforme al plan 10b5-1 y las opciones se indican como con derecho ya adquirido.
Waystar Holding Corp.鞚� 鞚挫偓 瓴� 斓滉碃瓴届榿鞛�(CEO) Matthew J. Hawkins電� 鞚措 甓岆Μ臧� 頇曥爼霅� 鞀ろ啞鞓奠厴鞚� 頄夓偓頃橁碃, 2024雲� 11鞗� 22鞚� 毂勴儩霅� 靷爠 靹れ爼霅� Rule 10b5-1 瓯半灅瓿勴殟鞐� 霐半澕 霃欖澕頃� 欤检嫕鞚� 毵る弰頄堨姷雼堧嫟. 08/12/2025鞐� 攴鸽姅 頄夓偓臧�瓴� $4.14搿� 鞓奠厴鞚� 頄夓偓頃橃棳 46,667欤茧ゼ 旆摑頃橁碃, 鞐煬 瓯挫潣 瓯半灅鞐愳劀 臧�欷戫弶攴犼皜瓴� $34.6622(瓿店皽霅� 氩旍渼 $34.44鈥�$34.89)鞐� 46,667欤茧ゼ 毵り皝頄堨姷雼堧嫟.
鞚措摛 瓯半灅 鞚错泟 氤搓碃 雽�靸侅瀽電� 歆侅爲鞝侅溂搿� 靾橃澋鞝� 氤挫湢鞛愲靹� 764,131欤茧ゼ 氤挫湢頃橁碃 鞛堨棃鞀惦媹雼�. 鞝滌稖 靹滊鞐愲姅 霕愴暅 歆侅爲鞝侅澑 靾橃澋鞝� 氤挫湢搿� 1,289,745臧滌潣 鞀ろ啞鞓奠厴瓿�, grantor retained annuity trusts毳� 韱淀暣 臧侁皝 343,135 氚� 250,000臧滌潣 臧勳爲 鞓奠厴 氤挫湢臧� 旮办灛霅橃柎 鞛堨姷雼堧嫟. 瓯半灅霌れ潃 10b5-1 瓿勴殟鞐� 霐半澕 鞛愲彊鞙茧 鞚措（鞏挫 瓴冹溂搿� 氤搓碃霅橃棃鞙茧┌, 頃措嫻 鞓奠厴霌れ潃 甓岆Μ 頇曥爼(vested) 靸來儨搿� 響滉赴霅橃棃鞀惦媹雼�.
Le directeur et Chief Executive Officer de Waystar Holding Corp., Matthew J. Hawkins, a exerc茅 des options d'achat d'actions d茅j脿 acquises et a vendu ces m锚mes actions dans le cadre d'un plan de n茅gociation Rule 10b5-1 pr茅茅tabli, adopt茅 le 22 novembre 2024. Le 08/12/2025, il a exerc茅 des options au prix d'exercice de $4.14 pour acqu茅rir 46,667 actions, puis a vendu 46,667 actions dans plusieurs op茅rations 脿 un prix moyen pond茅r茅 de $34.6622 (fourchette $34.44鈥�$34.89 tel que divulgu茅).
脌 la suite de ces op茅rations, la personne d茅clarante d茅tenait directement 脿 titre b茅n茅ficiaire 764,131 actions. Le d茅p么t indique 茅galement une d茅tention b茅n茅ficiaire directe de 1,289,745 options sur actions et des participations indirectes en options de 343,135 et 250,000 via des grantor retained annuity trusts. Les transactions sont d茅clar茅es comme s'茅tant d茅roul茅es automatiquement conform茅ment au plan 10b5-1 et les options sont signal茅es comme acquises.
Der Direktor und Chief Executive Officer von Waystar Holding Corp., Matthew J. Hawkins, hat bereits unverfallbare Aktienoptionen ausge眉bt und die gleichen Aktien im Rahmen eines vorab eingerichteten Rule-10b5-1-Handelsplans verkauft, der am 22. November 2024 angenommen wurde. Am 08/12/2025 眉bte er Optionen zum Aus眉bungspreis von $4.14 aus, um 46,667 Aktien zu erwerben, und verkaufte 46,667 Aktien in mehreren Transaktionen zu einem gewichteten Durchschnittspreis von $34.6622 (Spanne $34.44鈥�$34.89 wie offengelegt).
Nach diesen Transaktionen hielt die meldende Person unmittelbar wirtschaftlich beg眉nstigt 764,131 Aktien. Die Einreichung weist zudem eine unmittelbare wirtschaftliche Inhaberschaft an 1,289,745 Aktienoptionen sowie indirekte Optionsbest盲nde von 343,135 und 250,000 眉ber grantor retained annuity trusts aus. Die Transaktionen werden als automatisch gem盲脽 dem 10b5-1-Plan erfolgt gemeldet und die Optionen wurden als unverfallbar angegeben.
FAQ
What did Waystar (WAY) insider Matthew J. Hawkins do on 08/12/2025?
How many Waystar shares does Matthew J. Hawkins directly beneficially own after these transactions?
Were the sales part of a pre-arranged trading plan?
What option and derivative holdings are disclosed for the reporting person?
What price range were the sold shares executed at?
