Waystar (WAY) grants CLO 65,817 RSUs vesting through 2030

Rhea-AI Filing Summary

PACKER GREGORY R reported acquisition or exercise transactions in this Form 4 filing.

Waystar Holding Corp.’s Chief Legal Officer Gregory R. Packer received a grant of 65,817 restricted stock units (RSUs) of common stock as equity compensation. The RSUs vest 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 upon settlement. Following this award, Packer directly holds 196,964 shares and RSUs of Waystar common stock, including unvested RSUs, aligning more of his compensation with the company’s long-term performance.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider PACKER GREGORY R

Role Chief Legal officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	65,817	$0.00	--

Holdings After Transaction: Common Stock — 196,964 shares (Direct)

Footnotes (1)

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. Includes unvested RSUs.

Form 4 Insider Transactions: What Each Field Means →

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

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

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^*

PACKER GREGORY R

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Legal 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		65,817(1)	A	$0	196,964(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	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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Waystar (WAY) disclose about Gregory R. Packer’s new equity grant?

Waystar granted Chief Legal Officer Gregory R. Packer 65,817 restricted stock units (RSUs) of common stock. These RSUs are a form of equity compensation that will convert into shares over time as they vest, linking his pay more closely to company performance.

How do Gregory R. Packer’s new Waystar RSUs vest over time?

The 65,817 restricted stock units vest in four equal annual installments through March 1, 2030. This staggered schedule encourages long-term alignment, because Packer receives portions of the award over several years instead of all at once, contingent on continued service.

What does each Waystar RSU granted to Gregory R. Packer represent?

Each restricted stock unit represents a contingent right to receive one share of Waystar common stock upon settlement. Packer does not receive cash; instead, the RSUs can convert into shares in the future as they vest, creating potential long-term ownership value.

How many Waystar shares and RSUs does Gregory R. Packer hold after this grant?

After the 65,817-unit grant, Gregory R. Packer holds 196,964 Waystar common shares and RSUs directly. This figure includes unvested RSUs, showing a significant portion of his compensation is now tied to the company’s equity over the long term.

Was Gregory R. Packer’s Waystar RSU grant an open-market stock purchase?

No. The 65,817 restricted stock units were granted as compensation at a stated price of $0.0000 per share. This means they were an award from the company, not shares Packer bought on the open market with personal funds.