Waystar (WAY) grants CEO Matthew Hawkins 257,096 restricted stock units

Rhea-AI Filing Summary

Hawkins Matthew J. reported acquisition or exercise transactions in this Form 4 filing.

Waystar Holding Corp. reported that Chief Executive Officer Matthew J. Hawkins received a grant of 257,096 restricted stock units (RSUs) of common stock. These RSUs vest in four equal annual installments from the grant date through March 1, 2030, encouraging long-term retention. Each RSU represents a contingent right to receive one share of common stock upon settlement. After this award, Hawkins beneficially owns 974,570 shares of common stock, including unvested RSUs, reflecting a significant equity-based compensation stake.

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

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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^*

Hawkins Matthew J.

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/09/2026

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	03/09/2026		A(1)		257,096	A	$0	974,570(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 vests in four equal annual installments from the initial grant date through March 1, 2030. 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, as Attorney-in-Fact	03/11/2026
	** 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).
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FAQ

What did Waystar (WAY) CEO Matthew J. Hawkins receive in this Form 4 filing?

Matthew J. Hawkins received 257,096 restricted stock units (RSUs). The award is a stock-based compensation grant of Waystar common stock that vests over time, aligning the CEO’s interests with shareholders through long-term equity rather than an immediate cash payment.

How do the 257,096 Waystar RSUs granted to the CEO vest?

The 257,096 RSUs vest in four equal annual installments. Vesting occurs from the initial grant date through March 1, 2030. This schedule means Hawkins earns portions of the award over several years, encouraging continued leadership and long-term performance at Waystar.

What does each restricted stock unit granted by Waystar to the CEO represent?

Each RSU represents a right to receive one share of common stock. Upon settlement, every restricted stock unit converts into a share of Waystar common stock with a par value of $0.01, giving the CEO direct equity ownership as the RSUs vest over time.

How many Waystar shares does CEO Matthew J. Hawkins hold after this RSU grant?

After the grant, Hawkins beneficially owns 974,570 shares of Waystar common stock. This total includes unvested RSUs, meaning part of his reported ownership is still subject to future vesting conditions before becoming fully transferable common shares.

Do the newly granted Waystar RSUs to the CEO include unvested shares?

Yes, the reported total includes unvested RSUs. The filing notes that Hawkins’ 974,570 beneficially owned shares include restricted stock units that have not yet vested, reflecting both currently owned stock and contingent future equity tied to service and time.

Is the Waystar CEO’s 257,096 RSU award an open-market purchase or a compensation grant?

The 257,096 RSUs are a compensation grant, not an open-market buy. The transaction is coded as a grant or award acquisition at a price of $0.00 per unit, indicating stock-based compensation rather than a purchase on the public market.