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WAY · Waystar Holding Corp.
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WAY Waystar (WAY) Insider Trading, Ownership & Congress Trades

Software & IT · Services-computer integrated systems design · CIK 0001990354
Quote by TradingView
Form 144 · 6
Insider buyers, 180 days
0
House members buying, 1 year
0
STOCK Act, US House only, disclosed up to 45 days after the trade
Funds added, last quarter
188
13F, latest reported quarter
Conversions, 180 days
6
Codes C/M, not in net · $1.3M priced

What the filings say about WAY

Insiders, 180 days
-$8.0M net sold
1 seller · 33% of sales under a 10b5-1 plan
Planned sales (Form 144), 90 days
$20.6M
6 notices

Waystar insider trades (Form 4)

Form 4 buys and sells (codes P and S). Grants, option exercises and conversions excluded.

Over the last 180 days, Waystar Holding Corp. insiders sold a net $8.0M of stock across 87 Form 4 purchases and sales, with no insider buying. Source: SEC Form 4 filings, as of 2026-10-28.

Insider
Filed
Shares
Value
Since filing
Hawkins Matthew J.
Chief Executive Officer
SELL
2026-10-07 SECtraded 2026-10-06
82,500
$2.2M
+5.8%
Context
  • 21 earlier Form 4 trades (code P or S) here by this insider (21 sales), the last on Sep 2, 2026.
  • The trade is 4.6% of the 1,804,794 shares held after it.
  • No other insider sold within 30 days.
  • 188 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Chief Executive Officer Hawkins Matthew J. sold about $2.2M of WAY under a 10b5-1 plan on Oct 6, 2026, the largest insider sale at the company since 2025; 188 funds added in the latest 13F quarter.
Hawkins Matthew J.
Chief Executive Officer
SELL
2026-09-03 SECtraded 2026-09-02
82,500
$2.1M
+11.8%
Context
  • 20 earlier Form 4 trades (code P or S) here by this insider (20 sales), the last on Aug 13, 2026.
  • The trade is 4.6% of the 1,804,794 shares held after it.
  • No other insider sold within 30 days.
  • 188 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Chief Executive Officer Hawkins Matthew J. sold about $2.1M of WAY under a 10b5-1 plan on Sep 2, 2026; 188 funds added in the latest 13F quarter.
Hawkins Matthew J.
Chief Executive Officer
SELL
2026-08-13 SEC
60,038
$1.5M
+13.1%
Context
  • 19 earlier Form 4 trades (code P or S) here by this insider (19 sales), the last on Aug 11, 2026.
  • The trade is 3.3% of the 1,835,081 shares held after it.
  • No other insider sold within 30 days.
  • 188 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Chief Executive Officer Hawkins Matthew J. sold about $1.5M of WAY on Aug 13, 2026; 188 funds added in the latest 13F quarter.
Hawkins Matthew J.
Chief Executive Officer
SELL
2026-08-13 SECtraded 2026-08-11
22,462
$562.4K
+13.1%
Context
  • 18 earlier Form 4 trades (code P or S) here by this insider (18 sales), the last on Jul 16, 2026.
  • The trade is 1.2% of the 1,835,081 shares held after it.
  • No other insider sold within 30 days.
  • 188 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Chief Executive Officer Hawkins Matthew J. sold about $562.4K of WAY on Aug 11, 2026; 188 funds added in the latest 13F quarter.
Hawkins Matthew J.
Chief Executive Officer
SELL
2026-07-17 SECtraded 2026-07-16
36,901
$851.9K
+26.8%
Context
  • 17 earlier Form 4 trades (code P or S) here by this insider (17 sales), the last on Jul 15, 2026.
  • The trade is 4.0% of the 926,816 shares held after it.
  • No other insider sold within 30 days.
  • 188 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Chief Executive Officer Hawkins Matthew J. sold about $851.9K of WAY on Jul 16, 2026; 188 funds added in the latest 13F quarter.
87 transactions on record
Since filing: total return from the first close after the filing to the latest close, dividend-adjusted. Not a forecast.
Context lines are counts over the filings above and returns from our own price history, never a price level. Not investment advice.
See all insider buying · insider selling
Showing the latest few. to see 82 more transactions and use the screener and CSV export. We store only your email; there is no password.
Seven facts, ranked against the sector · Rank is not a forecast
Insiders
net -$8.0M over 180 days
-$6.4M over 90 days
below 67% of Software & IT
Congress
no House purchase disclosed in the last 12 months
Funds
188 funds bought in last quarter
more than 73% of Software & IT
Revenue
+16.5% year over year
more than 65% of Software & IT
Margin
10.2% net margin
more than 74% of Software & IT
Buybacks
$12.7M repurchased, FY to 2026-06-30
below 73% of Software & IT
Short interest
11.5% of the float short (float per yahoo 2026-10-26) · 8.2 days to cover · settled 2026-09-30
more than 80% of Software & IT
What changed in the last 30 days
Oct 7Chief Executive Officer Hawkins Matthew J. sold $2.2M under a 10b5-1 plan (Oct 6)
Why it matters
A 10b5-1 plan schedules trades months ahead, so this says little about what the insider thinks today.
Oct 6Director MATTHEW HAWKINS filed to sell $2.2M by Oct 6 (Form 144)
Why it matters
A Form 144 is a notice of intent to sell; the sale may not happen, and it says nothing about the price.

Watch WAY

A free account keeps a watchlist and can send one email a day when insiders, funds or Congress file on the names in it. No password and no card.

The year, with the filings on it
Total return over 12 months. Each marker is a filing; hover or tap one for the detail.
-26.3%12M
-54%-35%-15%+4%2025-102025-122026-022026-042026-062026-082026-10 2026-10-06 · Hawkins Matthew J. sold $2.2M2026-09-02 · 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 $851.9K2026-07-15 · Hawkins Matthew J. sold $762.0K2026-08-11 · Hawkins Matthew J. sold $562.4K2025-11-20 · Sinclair III Eric L. (Ric) sold $342.2K2025-12-22 · Sinclair III Eric L. (Ric) sold $318.4K2025-11-10 · 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 $125.8K2026-10-06 · MATTHEW HAWKINS filed to sell $2.2M2026-09-02 · 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 (planned sale)
Indexed to 100, dividend-adjusted, not a price chart. When a name files heavily, the largest trades are drawn first.

Who owns WAY: institutional holders (13F)

13F holdings, latest reported quarter
EQT Fund Management S.a r.l.
24,879,437 sh
$510.8M
CANADA PENSION PLAN INVESTMENT BOARD
19,025,452 sh
$390.6M
BlackRock, Inc.
17,435,466 sh
$358.0M
FMR LLC
15,045,567 sh
$308.9M
Bain Capital Investors LLC
13,243,539 sh
$271.9M

Congress trades in WAY

No Congress trades reported
No House member has disclosed a trade in this stock. See what Congress is buying.

Activist and 5% holders (13D/13G)

No 5%+ ownership filings
Nobody has filed for crossing 5%. That is a fact, not missing data.

WAY planned insider sales (Form 144)

Notice of intent to sell, filed before any sale
MATTHEW HAWKINS
Filed 2026-10-06
$2.2M
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

WAY mutual fund holders (N-PORT)

Funds ranked by the share of their own portfolio in this stock (N-PORT).
Clarkston Founders Fund
$2.6M position · as of 2026-06-30
3.6%
Clarkston Partners Fund
$9.3M position · as of 2026-06-30
3.2%
Global X HealthTech ETF
$783.0K position · as of 2026-05-31
3.1%
DIAMOND HILL MID CAP FUND
$1.5M position · as of 2026-06-30
2.0%
DIAMOND HILL SMALL-MID CAP FUND
$12.1M position · as of 2026-06-30
1.9%
Nationwide Renaissance Small Cap Growth Fund
$426.3K position · as of 2026-07-31
1.9%
SEC N-PORT, monthly, about 60 days late · funds ≥ $10M · % is the share of the fund's own portfolio
Executive pay vs shareholder return · Mr. Hawkins
CEO pay, headline and as actually paid, against the company's return and its chosen peers' (DEF 14A).
FY
CEO total
Actually paid
Other execs, 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). Returns are cumulative from the start of the disclosure period. Green where the company beat its own peer group.
Live price
Daily candles from TradingView, under their licence. No filings marked.
Why this name is on the desk
Insiders have filed to sell, before selling.
The record shows a net $8.0M sold by insiders over 180 days, 188 funds added last quarter, $20.6M in planned Form 144 sales. Each figure is a federal filing, dated the day it went public.
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Same sector, ranked by filing activity
Sector by SEC SIC code
TEAMMETACRWVCRMCRWDNETDDOGAPPIOTPCTYDUOLMDB

WAY financials

Revenue growth
+16.5%
XBRL, annual
Net margin
10.2%
Ratios from the company's XBRL filings, latest filings
Revenue, TTM
$1.2B
four quarters, 2025-07-01 to 2026-06-30
Net margin, TTM
+11.2%
net income over revenue, 2025-07-01 to 2026-06-30
Free cash flow, TTM
$246.3M
operating cash flow minus capex, 2025-07-01 to 2026-06-30
Debt to equity
0.37x
long-term 2026-06-30 plus current 2026-06-30; equity 2026-06-30
Cash flow to debt
0.20x
TTM operating cash flow over long-term 2026-06-30 plus current 2026-06-30
Return on equity
+3.8%
TTM net income over average of 2025-06-30 and 2026-06-30
Return on assets
+2.6%
TTM net income over average of 2025-06-30 and 2026-06-30
Return on invested capital
+3.9%
operating income after a 30.9% effective tax rate, over long-term 2026-06-30 plus current 2026-06-30 plus average of 2025-06-30 and 2026-06-30 minus cash
Return on capital employed
+5.4%
operating income (EBIT proxy) over average of 2025-06-30 and 2026-06-30 minus current liabilities
P/E, trailing
40.03x
close 2026-10-27 over four quarters of diluted EPS, 2025-07-01 to 2026-06-30
Enterprise value
$6.8B
market value at close 2026-10-27 on 2026-07-23 shares, plus long-term 2026-06-30 plus current 2026-06-30, minus cash 2026-06-30
FCF yield
+4.6%
TTM free cash flow over market value at close 2026-10-27
PEG, trailing
1.07x
P/E over trailing EPS growth of 37%: four quarters to 2026-06-30 against the four to 2025-06-30
Price as of 2026-10-27. Hover or tap a tile for its yearly and quarterly history.
Method
TTM is four consecutive fiscal quarters; Q4 is the year minus nine months when not filed. Returns use the average of opening and closing balances. EBIT is approximated by operating income. PEG uses trailing EPS growth.
Fundamentals
Annual figures from XBRL filings. Pick a past date to see them as known then.
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$2.2Bn/a
Buybacks$0$844.0K$688.0K$2.5M
SEC XBRL, fiscal years, as known on 2026-10-28

WAY Stock Sonar score 6/7 axes

Find similar shapesCompare

WAY ranks highest on growth (65th percentile) and risk and compliance (50th), and lowest on insider conviction (19th), among Software & IT peers.

ProfitHealthGrowthInsidersInstitutionsRisk
Profitability
48
Inputs
  • Return on equity+3.8% · 55 pct, sector of 286
  • Return on assets+2.6% · 64 pct, sector of 381
  • Return on invested capital+3.9% · 10 pct, sector of 78
  • Return on capital employed+5.4% · 63 pct, sector of 294
Financial health
41
Inputs
  • Debt to equity0.37x · 38 pct, sector of 288
  • Cash flow to debt0.20x · 45 pct, sector of 241
Growth
65
Inputs
  • Revenue growth, YoY+16.5% · 65 pct, sector of 480
  • Backlog growth, YoYno backlog line filed, or no year-earlier backlog
Insider conviction
19
Inputs
  • Net Form 4 buying (codes P and S), 180d-$3.7M · 38 pct, sector of 285
  • Insider buyers, 180d0 · 0 pct, sector of 290
Institutional and government
38
Inputs
  • Funds adding, latest quarter188 · 73 pct, sector of 415
  • Congress net buyers, 365dno Congress trades in 365 days
  • Federal contracts, 180dno federal contracts in 180 days
  • Lobbying spend, 4 quarters$30K · 2 pct, sector of 85
Risk and compliance
50
Inputs
  • Short interest, % of float+11.5% · 21 pct, sector of 530
  • Recalls per $1B revenue, 3ynot measured for this sector, almost no peer has an event
  • EPA cases per $1B revenue, 5ynot measured for this sector, almost no peer has an event
  • New text in Risk Factors, latest 10-K+6.0% · 79 pct, sector of 316
1 not measured: US patents
  • US patents needs 1 of 2 inputs, 0 present: patent data not loaded yet

6 of 7 axes scored. Each is a percentile against sector peers (all companies when the sector is thin); higher is better. An unscored axis is unmeasured, not low. How it is scored

WAY filings, in plain words

Are Waystar insiders buying or selling WAY?

In the 180 days to 2026-10-28, Waystar insiders were net sellers, a net $8.0M across purchases and sales reported on Form 4, by 1 seller.

Are there planned insider sales of WAY?

Yes. 6 Form 144 notices of planned insider sales were filed in the 90 days to 2026-10-28, covering $20.6M of stock; the latest, by MATTHEW HAWKINS, was filed 2026-10-06.

Read the full summary

In the 180 days to 2026-10-28, Waystar insiders were net sellers of WAY, a net $8.0M across purchases and sales reported on Form 4 by 1 seller. 33% of the 6 insider sales were made under a Rule 10b5-1 plan; the rest were not flagged as planned. Insiders filed 6 Form 144 notices of intent to sell in the 90 days to 2026-10-28, covering $20.6M of stock. Each figure is counted from SEC and House filings as of 2026-10-28, dated the day the filing was made public.

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