Waystar CEO has shares withheld for taxes
Waystar Holding Corp. CEO Matthew J. Hawkins reported a routine tax-related share withholding.
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Form Type
4
Rhea-AI Filing Summary
Waystar Holding Corp. CEO Matthew J. Hawkins reported a routine tax-related share withholding. On the vesting of Non-Qualified Stock Options granted on June 6, 2024, 47,754 shares of common stock were withheld at $19.23 per share to cover tax obligations.
The Form 4 classifies this as a tax-withholding disposition, not an open-market trade. After this transaction, Hawkins directly holds 926,816 shares of Waystar common stock, which the disclosure notes includes unvested RSUs.
Insider Trade Summary
Exercise Price or Tax Liability: 47,754 shares
Exercise Price or Tax Liability
1 txn
Insider
Hawkins Matthew J.
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 47,754 | $19.23 | $918K |
Holdings After Transaction:
Common Stock — 926,816 shares (Direct)
Footnotes (2)
- F1. 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.
- F2. Includes unvested RSUs.
Key Figures
Tax-withheld shares: 47,754 shares
Withholding price: $19.23 per share
Shares held after transaction: 926,816 shares
+2 more
5 metrics
Tax-withheld shares
47,754 shares
Shares withheld to pay taxes on option vesting
Withholding price
$19.23 per share
Value used to determine shares withheld
Shares held after transaction
926,816 shares
Direct common stock holdings including unvested RSUs
Tax-withholding shares (summary)
47,754 shares
Reported in transactionSummary as taxWithholdingShares
Dispose transactions
1 transaction
Single tax-withholding disposition recorded
Key Terms
Non-Qualified Stock Options, RSUs, sell-to-cover transaction, tax-withholding disposition
4 terms
Non-Qualified Stock Options financial
"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."
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.
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.
sell-to-cover transaction financial
"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."
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.
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Waystar (WAY) CEO Matthew Hawkins report in this Form 4?
Waystar CEO Matthew J. Hawkins reported a tax-related share withholding, where 47,754 common shares were withheld to cover taxes upon option vesting. This is a mechanical disposition, not an open-market trade, and reflects standard equity compensation tax treatment.
Was this Waystar CEO Form 4 an open-market stock sale?
No, this Form 4 does not reflect an open-market stock sale. It records a tax-withholding disposition, where shares were withheld to satisfy tax liabilities on vesting Non-Qualified Stock Options, determined using prices from a sell-to-cover transaction on June 9, 2026.
What triggered the tax withholding reported by Waystar CEO Matthew Hawkins?
The tax withholding was triggered by the vesting of Non-Qualified Stock Options granted to Matthew Hawkins on June 6, 2024. When these options vested, 47,754 shares were withheld to cover related tax obligations, as disclosed in the Form 4 footnotes.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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