Waystar Holding Corp. SEC Filings

Waystar Holding Corp. (WAY) reported an insider transaction by its Chief Technology Officer. On 11/10/2025, the executive exercised 8,623 stock options at $4.14 and sold 8,623 common shares at a weighted average price of $36.1161 under a Rule 10b5-1(c) trading plan adopted on December 6, 2024.

Following the transactions, the executive beneficially owned 422,371 common shares, which include unvested RSUs, and held 77,617 stock options. The reported sales occurred in multiple trades ranging from $35.63 to $36.50. The exercised options are currently vested, with an expiration date of 11/01/2027.

Waystar Holding Corp. reported stronger Q3 results. Revenue rose to $268.7 million from $240.1 million a year ago, and income from operations increased to $60.2 million from $27.1 million. Net income improved to $30.6 million (diluted EPS $0.17) from $5.4 million ($0.03).

For the first nine months, revenue reached $795.7 million versus $699.4 million, with net income of $92.1 million compared to a $38.2 million loss last year, helped by lower depreciation/amortization and reduced interest expense. Operating cash flow was $243.0 million. Cash and equivalents were $421.1 million at September 30, 2025, against total debt of $1.23 billion (no revolver borrowings). The company repriced its First Lien Credit Facility on August 12, 2025 to SOFR + 2.00% (effective rate 6.34% at quarter-end) and used short-term investments during the period to help fund the acquisition of Iodine Software Holdings, Inc. Shares outstanding were 191,316,583 as of October 20, 2025.

Waystar Holding Corp. (WAY) furnished an Item 2.02 Form 8-K announcing it issued a press release with earnings and other financial results for the fiscal quarter and fiscal year ended September 30, 2025. The release is attached as Exhibit 99.1 and incorporated by reference.

The company notes this information is being furnished, not filed, under the Exchange Act, limiting Section 18 liability and incorporation by reference unless specifically stated.

Waystar Holding Corp. (WAY) Chief Business Officer filed a Form 4 for transactions on 10/20/2025 made under a Rule 10b5-1(c) trading plan adopted on February 19, 2025. The officer exercised 9,701 stock options at $4.14 per share and sold 9,701 common shares at a $36.9378 weighted average price, with individual sales ranging from $36.52 to $37.86. Following these transactions, the officer directly beneficially owns 474,826 common shares. The filing notes that the reported holdings include unvested RSUs and the options exercised were vested.

Waystar Holding Corp. filed a Form 3 reporting the initial beneficial ownership of its Chief Product & AI Officer as of 10/01/2025.

The reporting person beneficially owns 1,498,541 shares of common stock. The filing notes a grant of 156,944 RSUs that vest over four years, with 25% vesting each year beginning October 2, 2026. Each RSU represents a right to receive one share of common stock upon settlement.

Waystar Holding Corp. (WAY) reported an insider transaction by its Chief Technology Officer. On 10/10/2025, the officer exercised stock options for 8,623 shares at $4.14 per share and sold 8,623 shares at a weighted average price of $36.2072. The sales occurred in multiple trades ranging from $35.66 to $37.22.

Following these transactions, the officer beneficially owned 422,371 shares directly, which includes unvested RSUs. The officer also held 86,240 stock options after the transactions. The activity occurred automatically under a Rule 10b5-1(c) trading plan adopted on December 6, 2024.

Waystar Holding Corp. filed a Form D notice reporting a completed exempt offering with total proceeds of $620,835,415. The filing shows the offering was made under Rule 506(b) of Regulation D and indicates the first sale date as 2025-10-01. The issuer reports 102 total investors and $0 remaining to be sold, indicating the full amount has been sold.

The Form D lists multiple executive officers and directors at the company’s principal place of business in Lehi, Utah. The filing reports $0 in sales commissions and finders’ fees and states no proceeds were used to pay executive officers, directors, or promoters. The issuer certified reliance on the Regulation D exemption and signed the notice on 2025-10-10.

Advent International affiliates filed a Schedule 13D on Waystar Holding Corp. (WAY), reporting beneficial ownership of 11,059,899 shares of Common Stock, representing 5.8% of the class.

The stake relates to Waystar’s acquisition of Iodine Software, for which the issuer paid $458,598,270 in cash and issued 16,639,920 shares; closing was announced on October 1, 2025. The calculation of ownership references 174,146,070 shares outstanding as of September 11, 2025, increased by the merger share issuance.

Affiliates entered a lock-up for 18 months after the Closing Date, and Advent LP gained the right to nominate one director while it and permitted transferees hold at least 5%; the Board was expanded to 13 and Lauren Young was appointed. After 18 months, Advent may initiate up to two short-form demand registrations and/or shelf take-downs, has piggyback rights, and Waystar will, upon request, amend its shelf to include Advent’s merger shares.

Lauren Young filed an initial Form 3 reporting her relationship to Waystar Holding Corp. (WAY) as a Director with an event date of 10/01/2025. The filing states no securities are beneficially owned by the reporting person and includes an exhibit power of attorney. The form was signed by an attorney‑in‑fact on 10/02/2025.