Waystar (WAY) Chief Legal Officer Gregory Packer Withholds 6,754 Shares

What Happened

• Gregory R. Packer, Chief Legal Officer of Waystar Holding Corp. (WAY), had 6,754 shares of common stock withheld on September 1, 2026 to satisfy tax withholding obligations arising from the vesting of restricted stock units (RSUs). The shares were valued at $25.73 each, for a total of approximately $173,780. This was a tax-withholding/disposition (transaction code F), not an open-market discretionary sale.

Key Details

• Transaction date and price: 2026-09-01; 6,754 shares withheld at $25.73 per share; total ~$173,780.
• Transaction code: F (payment of exercise price or tax liability); executed via a sell-to-cover mechanism (shares sold to cover taxes).
• Vesting/award notes: Withheld shares relate to RSUs granted August 18, 2025. The RSU vesting schedule was modified by the Talent & Compensation Committee to provide 25% vesting on September 1, 2026 and 25% vesting on each of the second, third, and fourth anniversaries of the Vesting Commencement Date (see filing footnote).
• Includes unvested RSUs per filing footnote.
• Filing date: 2026-09-03 (appears timely; Form 4s are typically due within two business days of the transaction).

Context

• Tax-withholding via sell-to-cover is routine when RSUs vest and does not necessarily signal the insider’s view of the company’s prospects. The transaction reduced the number of shares delivered to the insider to satisfy tax obligations rather than representing a discretionary cashing out of holdings.