Waystar (WAY) CTO Schremser has 14,751 shares withheld in tax transaction
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Waystar Holding Corp. Chief Technology Officer Christopher L. Schremser had 14,751 shares of common stock withheld to cover taxes tied to equity compensation. The shares were valued at $19.23 each and relate to Non-Qualified Stock Options granted on June 6, 2024. After this tax-withholding disposition, he directly holds 495,033 shares of Waystar common stock, which the disclosure notes includes unvested restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Schremser Christopher L.
Role
Chief Technology Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 14,751 | $19.23 | $284K |
Holdings After Transaction:
Common Stock — 495,033 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: 14,751 shares
Tax withholding price: $19.23 per share
Post-transaction holdings: 495,033 shares
+1 more
4 metrics
Shares withheld for taxes
14,751 shares
Tax-withholding disposition on common stock
Tax withholding price
$19.23 per share
Value used for shares withheld on June 9, 2026
Post-transaction holdings
495,033 shares
Common stock held directly after transaction, includes unvested RSUs
Grant date of options
June 6, 2024
Non-Qualified Stock Options that vested and triggered tax withholding
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
"based on the 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 Christopher L. Schremser?
Waystar reported that CTO Christopher L. Schremser had 14,751 shares of common stock withheld to pay taxes. The shares were tied to vesting of Non-Qualified Stock Options granted on June 6, 2024, and were valued using a June 9, 2026 sell-to-cover price.
Was the Waystar (WAY) insider transaction an open-market sale?
No, the transaction was a tax-withholding disposition, not an open-market sale. Shares were withheld to satisfy tax obligations upon option vesting, based on the actual sale price of shares sold June 9, 2026 in a related sell-to-cover transaction.
What triggered the tax-withholding transaction in the Waystar (WAY) Form 4?
The tax-withholding transaction was triggered by the vesting of Non-Qualified Stock Options granted on June 6, 2024. When those options vested, shares of Waystar common stock were withheld to pay associated tax liabilities, with the share count based on a June 9, 2026 sell-to-cover price.
What role does Christopher L. Schremser hold at Waystar (WAY)?
Christopher L. Schremser serves as Chief Technology Officer of Waystar Holding Corp. His Form 4 filing reports a routine tax-withholding disposition related to equity compensation, and shows continued direct ownership of 495,033 shares, including unvested restricted stock units.