Waystar (WAY) executive has 12,212 shares withheld to cover vesting taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Waystar Holding Corp. Chief Transformation Officer Bridge T. Craig had 12,212 common shares withheld to cover taxes related to the vesting of Non-Qualified Stock Options granted on June 6, 2024. The withholding price was $19.23 per share, and Craig now holds 658,556 shares directly, including unvested RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Bridge T. Craig
Role
Chief Transformation Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 12,212 | $19.23 | $235K |
Holdings After Transaction:
Common Stock — 658,556 shares (Direct, null)
Footnotes (1)
- The transaction represents shares of common stock withheld to pay taxes upon vesting of Non-Qualified Stock Options granted to the Reporting Person on June 6, 2024. The number of shares withheld was determined based on the actual sale price of shares sold on June 9, 2026 pursuant to a sell-to-cover transaction. Includes unvested RSUs.
Key Figures
Shares withheld for taxes: 12,212 shares
Withholding price per share: $19.23 per share
Shares held after transaction: 658,556 shares
+2 more
5 metrics
Shares withheld for taxes
12,212 shares
Tax-withholding disposition on June 9, 2026
Withholding price per share
$19.23 per share
Tax-withholding transaction for common stock
Shares held after transaction
658,556 shares
Direct holdings following tax withholding, includes unvested RSUs
Tax-withholding shares count
12,212 shares
Reflected in transactionSummary as taxWithholdingShares
Option grant date
June 6, 2024
Grant date of Non-Qualified Stock Options that vested
Key Terms
Non-Qualified Stock Options, sell-to-cover transaction, RSUs, tax-withholding disposition
4 terms
Non-Qualified Stock Options financial
"vesting of Non-Qualified Stock Options granted to the Reporting Person on June 6, 2024"
Non-qualified stock options are a type of employee benefit that gives individuals the right to buy company shares at a set price, usually lower than the market value, within a certain period. Unlike other options that may have special tax advantages, these options are taxed as income when exercised, which can affect how much money the employee or investor ultimately gains. They are important because they can influence company compensation strategies and impact the financial outcomes for employees and investors.
sell-to-cover transaction financial
"actual sale price of shares sold on June 9, 2026 pursuant to a sell-to-cover transaction"
A sell-to-cover transaction is when a person granted company stock (for example as part of compensation or option exercise) immediately sells enough of those shares to pay required taxes or exercise costs and keeps the rest. Think of it like cashing part of a bonus to cover the tax bill; it provides necessary cash without the holder needing outside funds. Investors watch these sales because they increase trading volume and slightly reduce insider holdings, but they often reflect routine tax or cost management rather than a judgment on the company’s prospects.
RSUs financial
"Includes unvested RSUs."
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What insider transaction did Waystar (WAY) report for Bridge T. Craig?
Waystar reported that Chief Transformation Officer Bridge T. Craig had 12,212 common shares withheld to satisfy tax obligations upon vesting of Non-Qualified Stock Options. This is a tax-withholding disposition, not an open-market purchase or sale of shares.
Was the Waystar (WAY) insider transaction an open-market sale or a tax event?
The transaction was a tax event. Shares were withheld to pay taxes owed when Craig’s Non-Qualified Stock Options vested, categorized as a tax-withholding disposition, rather than an open-market sale initiated to change his investment position.