Form 4: Waystar CEO Reclassifies Stock Option Holdings to Direct Ownership
Statement of Changes in Beneficial Ownership
Waystar Holding Corp.'s CEO and Director, Matthew J. Hawkins, reported a reclassification of 156,865 stock options from indirect to direct ownership, with no change to his total beneficial interest.
Summary
- Matthew J. Hawkins, Chief Executive Officer and Director of Waystar Holding Corp., reported a change in the form of ownership for 156,865 stock options.
- These options, with an exercise price of $4.14 and an expiration date of November 1, 2027, were transferred from indirect ownership through a grantor retained annuity trust to direct ownership.
- This reclassification did not alter the total pecuniary interest of Mr. Hawkins in the securities.
- Following this transaction, Mr. Hawkins beneficially owns a total of 1,929,547 stock options.
- The total beneficial ownership includes 1,336,412 directly owned options and 593,135 indirectly owned options through grantor retained annuity trusts.
- All reported stock options are currently vested.
Sentiment
Score: 5
Explanation: The filing reports a reclassification of existing stock option ownership from indirect to direct, with no change in the reporting person's total pecuniary interest. This is a neutral event.
Future Outlook
No forward-looking statements or guidance are provided in this filing, as it pertains solely to a change in beneficial ownership form.
Industry Context
This filing is a routine insider transaction report (Form 4) and does not provide information related to broader industry trends or competitive landscape. It reflects an internal reclassification of existing equity holdings by a key executive.
Related Party Transactions
- Options previously held indirectly through a 2024 grantor retained annuity trust and a 2025 grantor retained annuity trust, of which the reporting person is a beneficiary, were involved in the reclassification.
Stakeholder Impact
- Shareholders: Minimal direct impact, as the total beneficial ownership of the CEO remains unchanged; only the form of ownership for a portion of his options has been reclassified.
- Employees, Customers, Suppliers, Creditors: No discernible impact from this administrative change in equity holding form.
Key Dates
| Date | Description |
|---|---|
| 08/01/2025 | Date of earliest transaction and signature date for the filing. |
| 11/01/2027 | Expiration date for the reported stock options. |
Keywords
Waystar Holding Corp., Matthew Hawkins, CEO, Director, Stock Options, Beneficial Ownership, Form 4, Insider Trading, Equity Compensation
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