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WAY · Waystar Holding Corp.
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TEAM-0.32% 13F +439META+2.47% 13F +2,694RCG-2.04% CLUSTERUTHR-4.03% 13F +425CRWV+4.49% 13F +693CRM+2.92% 13F +1,018CVNA-0.98% 13F +794TPL-0.71% 13F +444NET-4.47% 13F +710MSTR-1.35% 13F +526DELL+4.91% 13F +1,203CRWD+5.68% 13F +1,382ANET+1.22% 13F +1,323COIN+10.14% 13F +475TEAM-0.32% 13F +439META+2.47% 13F +2,694RCG-2.04% CLUSTERUTHR-4.03% 13F +425CRWV+4.49% 13F +693CRM+2.92% 13F +1,018CVNA-0.98% 13F +794TPL-0.71% 13F +444NET-4.47% 13F +710MSTR-1.35% 13F +526DELL+4.91% 13F +1,203CRWD+5.68% 13F +1,382ANET+1.22% 13F +1,323COIN+10.14% 13F +475
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WAY

Waystar Holding Corp.
SOFTWARE & IT · SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN · CIK 0001990354
FORM 144 · 6☆ WATCH
INSIDER NET · 180D
-$5.8M
open-market buys minus sells, Form 4 codes P and S
INSIDER BUYERS · 180D
0
CONGRESS BUYERS · 1Y
0
FUNDS ADDED · QTR
189
13F, latest reported quarter
REVENUE GROWTH
+16.5%
XBRL, annual
NET MARGIN
10.2%
CONVERSIONS · 180D
5
codes C/M, not in net · $972.9K priced
SEVEN FACTS, RANKED AGAINST THE SECTOR · RANK IS NOT A FORECAST
INSIDERS
net -$5.8M over 180 days
-$5.8M over 90 days
below 69% of Software & IT
CONGRESS
no member of Congress has reported trading it
FUNDS
189 funds added or opened last quarter
more than 72% of Software & IT
REVENUE
+16.5% year over year
more than 67% of Software & IT
MARGIN
10.2% net margin
more than 75% of Software & IT
BUYBACKS
$12.7M repurchased, FY to 2026-06-30
below 73% of Software & IT
SHORT
no short interest reported
THE SITUATION · EVERY LINE IS ONE RULE OVER ONE DATASET
6 insiders have filed intent to sell ($20.0M) and have not sold yet.
189 funds added or opened positions in the latest 13F quarter, of 304 holders.
The year, with the filings on it
Total return indexed to 100 over the last 12 months · every marker is a federal filing, placed at its date — hover any marker for the detail
TOTAL 12M RETURN -30.6%
-30.6%12M
-53%-32%-11%+10%2025-092025-102025-122026-032026-052026-072026-09 2025-09-12 · Derby LuxCo S.a r.l. sold $304.5M2025-09-12 · CPP Investment Board Private Holdings (4) Inc. sold $232.9M2025-09-12 · Moskowitz Paul G sold $168.4M2025-09-12 · Bain Capital Fund XI, L.P. sold $168.4M2025-09-08 · Bridge T. Craig sold $3.4M2026-09-02 · Hawkins Matthew J. sold $2.1M2026-08-13 · Hawkins Matthew J. sold $1.5M2026-01-20 · Sinclair III Eric L. (Ric) sold $1.2M2026-07-16 · Hawkins Matthew J. sold $851.9K2025-09-08 · Sinclair III Eric L. (Ric) sold $776.7K2026-07-15 · Hawkins Matthew J. sold $762.0K2025-09-10 · Oreskovich Steven M sold $674.8K2026-08-11 · Hawkins Matthew J. sold $562.4K2025-09-23 · Hawkins Matthew J. sold $487.4K2025-09-22 · Hawkins Matthew J. sold $464.6K2025-09-22 · Sinclair III Eric L. (Ric) sold $365.0K2025-10-20 · Sinclair III Eric L. (Ric) sold $358.4K2025-09-10 · Schremser Christopher L. sold $349.1K2025-11-20 · Sinclair III Eric L. (Ric) sold $342.2K2025-12-22 · Sinclair III Eric L. (Ric) sold $318.4K2025-10-10 · Schremser Christopher L. sold $312.2K2025-11-10 · Schremser Christopher L. sold $311.5K2025-12-10 · Schremser Christopher L. sold $262.2K2026-03-02 · MILLER HEIDI bought $189.0K2025-11-25 · Miller Melissa F. (Missy) sold $125.8K2025-10-15 · Hawkins Matthew J. sold $7.6K2026-09-02 · MATTHEW HAWKINS filed to sell $2.1M2026-08-14 · CHRIS LAWRENCE SCHREMSER filed to sell $13.0M2026-08-13 · MATTHEW HAWKINS filed to sell $1.5M2026-08-13 · MELISSA MILLER filed to sell $1.3M2026-08-11 · MATTHEW HAWKINS filed to sell $554.8K2026-07-15 · MATTHEW J HAWKINS filed to sell $1.6M
INSIDER BUYINSIDER SELLFORM 144
INDEXED RETURN, DIVIDEND-ADJUSTED — NOT A PRICE CHART · LARGE TRADES DRAWN FIRST WHEN A NAME FILES HEAVILY
Live price
Daily candles from TradingView, on their licence — no filings are marked on this one
WHY THIS NAME IS ON THE DESK
Insiders have filed to sell — before selling.
The record shows a net $5.8M sold by insiders over 180 days, 189 funds added last quarter, $20.0M in planned Form 144 sales. Every figure is a federal filing, dated the day it became public.
Backtest this pattern Open the screener
Same sector, ranked by filing activity
Sector from the SEC's own SIC classification
TEAMMETACRWVCRMNETCRWDDDOGDASHAPPIOTPCTYMDB
Insider transactions
Form 4 purchases and sales (codes P and S) — grants, option exercises and preferred conversions excluded

Over the last 180 days, Waystar Holding Corp. insiders sold a net $5.8M of stock across 86 Form 4 purchases and sales, with 0 insider(s) buying. Source: SEC Form 4 filings, as of 2026-09-05.

INSIDER
FILED
SHARES
VALUE
Hawkins Matthew J.
Chief Executive Officer
SELL
2026-09-02
82,500.0
$2.1M
Hawkins Matthew J.
Chief Executive Officer
SELL
2026-08-13
60,038.0
$1.5M
Hawkins Matthew J.
Chief Executive Officer
SELL
2026-08-11
22,462.0
$562.4K
Hawkins Matthew J.
Chief Executive Officer
SELL
2026-07-16
36,901.0
$851.9K
Hawkins Matthew J.
Chief Executive Officer
SELL
2026-07-15
33,099.0
$762.0K
86 TRANSACTIONS ON RECORD

Showing the most recent few. Create a free account to see 81 more transactions on record, the cross-source screener and CSV export. We store only your email address, and there is no password to create.

Institutional holders
13F · holdings as of the latest quarter funds have reported
EQT Fund Management S.a r.l.
24,879,437.0 sh
$510.8M
CANADA PENSION PLAN INVESTMENT BOARD
19,025,452.0 sh
$390.6M
BlackRock, Inc.
17,435,466.0 sh
$358.0M
FMR LLC
15,045,567.0 sh
$308.9M
Bain Capital Investors LLC
13,243,539.0 sh
$271.9M
SCHEDULE 13D/G
No 5%+ ownership filings
Nobody has crossed 5% with a filing obligation. Absence is a fact here, not missing data.
Planned sales · Form 144
Filed before the sale — intent, not a trade
MATTHEW HAWKINS
FILED 2026-09-02
$2.1M
CHRIS LAWRENCE SCHREMSER
FILED 2026-08-14
$13.0M
MATTHEW HAWKINS
FILED 2026-08-13
$1.5M
MELISSA MILLER
FILED 2026-08-13
$1.3M
MATTHEW HAWKINS
FILED 2026-08-11
$554.8K
Fund concentration
N-PORT · funds ranked by how much of THEMSELVES they put in this stock — the conviction number 13F cannot show
Clarkston Partners Fund
$11.0M POSITION · AS OF 2026-03-31
3.5%
Global X HealthTech ETF
$1.1M POSITION · AS OF 2026-02-28
3.2%
Fidelity Disruptive Medicine ETF
$1.5M POSITION · AS OF 2026-02-28
2.5%
Baron SMID Cap ETF
$642.3K POSITION · AS OF 2026-03-31
2.5%
BARON DISCOVERY FUND
$39.8M POSITION · AS OF 2026-03-31
2.4%
Select Medical Technology and Devices Portfolio
$71.8M POSITION · AS OF 2026-02-28
2.0%
SEC N-PORT, MONTHLY WITH A ~60-DAY PUBLIC LAG · FUNDS ≥ $10M · % = SHARE OF THE FUND'S OWN BOOK
Executive pay vs shareholder return · Mr. Hawkins
DEF 14A pay-versus-performance disclosure · both the headline pay and the SEC's mark-to-market figure, beside the return the company delivered and the return of the peer group it chose itself
FY
CEO TOTAL
ACTUALLY PAID
OTHER NEOs AVG
TSR
PEER TSR
2025
$37.1M
$18.7M
$11.0M
+58%
+24%
2024
$29.9M
$55.4M
$11.4M
+77%
+4%
TAGGED BY THE COMPANY UNDER SEC ITEM 402(v) · RETURN IS CUMULATIVE FROM THE START OF THE DISCLOSURE PERIOD · GREEN WHERE THE COMPANY BEAT ITS OWN PEER GROUP
Fundamentals
Annual figures from XBRL filings · pick a past date to see them exactly as the market knew them then — restatements and all
2025-122024-122023-122022-12
REVENUE$1.1B$943.5M$791.0M$704.9M
OPERATING INCOME$249.3M$123.7M$142.1M$89.5M
NET INCOME$112.1M$-19.1M$-51.3M$-51.5M
EPS (DILUTED)0.61-0.13-0.42-0.42
OPERATING CASH FLOW$309.7M$169.8M$51.5M$102.6M
CASH$61.4M$182.1M$35.6M$64.6M
LONG-TERM DEBT$1.5B$1.2B$2.2B—
BUYBACKS$0$844.0K$688.0K$2.5M
SEC XBRL · FISCAL-YEAR PERIODS · AS KNOWN ON 2026-09-05 · NOBODY ELSE SHOWS FUNDAMENTALS AS OF A PAST DATE
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Public filings, honestly analyzed. Official US government sources in one desk — every figure carries the date it was filed, and the methodology is published, backtest included.

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