Waystar (NYSE: WAY) CFO faces 12,583-share tax withholding after option vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Waystar Holding Corp. Chief Financial Officer Steven M. Oreskovich reported a routine tax-related share disposition. On the transaction date, 12,583 shares of common stock were withheld to cover taxes upon vesting of Non-Qualified Stock Options originally granted on June 6, 2024. The withheld shares were valued at $19.23 per share. After this tax-withholding disposition, Oreskovich directly owned 424,200 shares of Waystar common stock, a figure that the filing notes includes unvested RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Oreskovich Steven M
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 12,583 | $19.23 | $242K |
Holdings After Transaction:
Common Stock — 424,200 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: 12,583 shares
Per-share valuation: $19.23 per share
Shares owned after transaction: 424,200 shares
+1 more
4 metrics
Shares withheld for taxes
12,583 shares
Tax withholding on vesting Non-Qualified Stock Options
Per-share valuation
$19.23 per share
Value used to determine tax-withholding shares
Shares owned after transaction
424,200 shares
Direct holdings following tax-withholding disposition; includes unvested RSUs
Tax-withholding shares count
12,583 shares
Reported as taxWithholdingShares in transaction summary
Key Terms
Non-Qualified Stock Options, sell-to-cover transaction, RSUs, tax-withholding disposition
4 terms
Non-Qualified Stock Options financial
"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.
sell-to-cover transaction financial
"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.
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 CFO Steven Oreskovich?
Waystar reported a tax-related share disposition by CFO Steven Oreskovich. The company withheld 12,583 common shares to pay taxes due on vesting Non-Qualified Stock Options granted on June 6, 2024, a standard mechanism rather than an open-market sale.
Was the Waystar (WAY) CFO’s Form 4 transaction an open-market sale?
No, the Form 4 describes a tax-withholding disposition, not an open-market sale. Shares were withheld to pay taxes on vesting Non-Qualified Stock Options, with the number of shares determined using the actual sale price from a separate sell-to-cover transaction.
What equity awards are referenced in the Waystar (WAY) CFO Form 4 filing?
The filing references Non-Qualified Stock Options granted on June 6, 2024, which vested and triggered the tax obligation. It also states that the CFO’s post-transaction holding of 424,200 shares includes unvested RSUs, indicating a mix of vested and unvested equity incentives.