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Waystar Holding (WAY) awards 232,061 RSUs to Chief Legal Officer

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Waystar Holding Corp. reported equity compensation changes for Chief Legal Officer Gregory R. Packer. On August 1, 2026, he received a grant of 232,061 restricted stock units (RSUs), vesting over two years, with 12.5% vesting each quarter in year one and 50% vesting in year two. On April 6, 2026, 4,016 shares of common stock were withheld at $23.69 per share to pay taxes upon vesting of RSUs granted on April 1, 2025; the number of shares withheld was based on the sale price of shares sold on April 7, 2026 in a sell-to-cover transaction.

Positive

  • None.

Negative

  • None.
Insider PACKER GREGORY R
Role Chief Legal officer
Type Security Shares Price Value
Grant/Award Common Stock F3, F1 232,061 $0.00 $0.00
Tax Withholding Common Stock F1, F2 4,016 $23.69 $95K
Holdings After Transaction: Common Stock — 425,009 shares (Direct)
Footnotes (3)
  1. F1. Includes unvested RSUs.
  2. F2. The transaction represents shares of common stock withheld to pay taxes upon vesting of restricted stock units granted to the Reporting Person on April 1, 2025. The number of shares withheld was determined based on the actual sale price of shares sold on April 7, 2026 pursuant to a sell-to-cover transaction.
  3. F3. Reflects a grant of restricted stock units ("RSUs") which vest over 2 years, with 12.5% vesting each quarter during year 1 and 50% vesting in year 2. Each RSU represents a contingent right to receive one share of common stock, $0.01 par value per share (the "Common Stock") upon settlement.
RSU grant size 232,061 units Restricted stock units granted to Chief Legal Officer on 2026-08-01
Tax withholding shares 4,016 shares Common shares withheld on 2026-04-06 to cover taxes on RSU vesting
Tax withholding price $23.69 per share Price used to determine 4,016 withheld shares on 2026-04-06
RSU vesting term 2 years New RSU grant vests over two years in staged tranches
Par value per share $0.01 Par value of common stock deliverable upon RSU settlement
Year 1 quarterly vesting rate 12.5% Portion of RSU grant vesting each quarter during first year
Year 2 vesting portion 50% Portion of RSU grant vesting during the second year
restricted stock units financial
"Reflects a grant of restricted stock units ("RSUs") which vest over 2 years"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
sell-to-cover transaction financial
"based on the actual sale price of shares sold on April 7, 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.
par value per share financial
"one share of common stock, $0.01 par value per share (the "Common Stock")"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

How many Waystar (WAY) shares were withheld for Gregory Packer’s tax obligations?
On April 6, 2026, 4,016 shares of Waystar common stock were withheld to pay taxes on vesting RSUs. The withholding used a reference price of $23.69 per share, tied to a sell-to-cover transaction on April 7, 2026.

What is the vesting schedule of Gregory Packer’s new RSUs at Waystar (WAY)?
Gregory Packer’s 232,061 RSUs vest over 2 years. During year one, 12.5% of the grant vests each quarter. In year two, the remaining 50% of the RSUs vest, subject to the usual settlement into common stock.

Why were 4,016 Waystar (WAY) shares withheld from Gregory Packer?
The 4,016 shares withheld on April 6, 2026 were used to pay taxes due when RSUs granted on April 1, 2025 vested. The number of shares was determined using a $23.69 per-share price from an April 7, 2026 sell-to-cover transaction.

Were Gregory Packer’s Waystar (WAY) Form 4 transactions made under a Rule 10b5-1 plan?
The Form 4 indicates the Rule 10b5-1 checkbox is not marked, so these transactions are not reported as being made pursuant to a Rule 10b5-1 trading plan, based on the company’s disclosure.

Which dates are key for Gregory Packer’s recent Waystar (WAY) equity activity?
Key dates include an RSU grant on April 1, 2025, tax-withholding of 4,016 shares on April 6, 2026, a related sell-to-cover price on April 7, 2026, and a new RSU grant of 232,061 units on August 1, 2026.
SEC Form 4
FORM 4UNITED 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
Estimated average burden
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 UTAH 84043
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Waystar Holding Corp. [ WAY ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Legal officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/06/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock04/06/2026F4,016D$23.69192,948(1)(2)D
Common Stock08/01/2026A232,061(3)A$0425,009(1)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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Includes unvested RSUs.
2. The transaction represents shares of common stock withheld to pay taxes upon vesting of restricted stock units granted to the Reporting Person on April 1, 2025. The number of shares withheld was determined based on the actual sale price of shares sold on April 7, 2026 pursuant to a sell-to-cover transaction.
3. Reflects a grant of restricted stock units ("RSUs") which vest over 2 years, with 12.5% vesting each quarter during year 1 and 50% vesting in year 2. Each RSU represents a contingent right to receive one share of common stock, $0.01 par value per share (the "Common Stock") upon settlement.
Remarks:
/s/ Gregory R Packer08/03/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR