Waystar (WAY) CLO Gregory Packer Receives 232,061 RSUs

What happened

• Gregory R. Packer, Chief Legal Officer of Waystar Holding Corp. (WAY), received a grant of 232,061 restricted stock units (RSUs) on August 1, 2026 (reported Aug 3, 2026). These RSUs are contingent rights to receive one share each upon settlement and have no immediate cash cost.
• Separately, 4,016 shares were disposed on April 6/7, 2026 as a tax-withholding/sell-to-cover related to prior RSU vesting; those shares were sold at about $23.69 per share for proceeds of roughly $95,139. The disposal is coded F (tax withholding); the grant is coded A (award).

Key details

• Transaction dates and prices:
  • 2026-04-06 (payment/tax withholding): 4,016 shares @ $23.69 — proceeds ~$95,139 (sell-to-cover sale occurred April 7, 2026 per footnote).
  • 2026-08-01 (RSU grant): 232,061 RSUs @ $0.00 (no immediate cash consideration).
• Vesting for the RSU grant: vests over 2 years — 12.5% each quarter in year 1 and 50% in year 2 (each RSU converts to one share on settlement).
• Footnotes: the April withholding relates to RSUs granted April 1, 2025; number withheld determined from the actual sale price on April 7, 2026. Filing includes unvested RSUs.
• Shares owned after transaction: not specified in the excerpt of the filing provided.
• Filing/timeliness: Form 4 was filed Aug 3, 2026. The April 6/7 sell-to-cover transaction was reported months later (filed Aug 3), which appears late; the Aug 1 RSU grant was reported within the typical 2-business-day window.

Context

• The 4,016-share disposition was a tax withholding/sell-to-cover tied to RSU vesting (routine administrative event), not an independent open-market sale signaling a personal liquidity decision.
• The 232,061 RSUs are future contingent awards (not immediate shares); vesting schedule determines when shares may be delivered.