Form 4: Waystar Holding Corp. Executive Christopher L. Schremser Reports Stock Transactions

Christopher L. Schremser, Chief Technology Officer of Waystar Holding Corp., reports the exercise of stock options and subsequent sale of common stock on April 10, 2025.

Summary

• On April 10, 2025, Christopher L. Schremser, the Chief Technology Officer of Waystar Holding Corp., exercised stock options to acquire 8,623 shares of common stock at a price of $4.14 per share.
• Following the exercise of these options, Schremser sold 6,110 shares at a weighted average price of $36.1806, with individual transactions ranging from $35.63 to $36.62.
• He also sold 2,513 shares at a weighted average price of $36.8018, with individual transactions ranging from $36.63 to $37.05.
• After these transactions, Schremser directly owns 438,044 shares of Waystar Holding Corp. common stock and 137,978 stock options.
• These transactions were executed automatically pursuant to a pre-arranged trading plan adopted on December 6, 2024, under Rule 10b5-1(c).

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment about the company's performance.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions. It provides transparency into the trading activities of company executives, which is important for investors to assess management's confidence in the company's prospects. Similar filings are common across publicly traded companies.

Comparison to Industry Standards

• Executive stock sales are a common occurrence in publicly traded companies.
• The use of Rule 10b5-1 trading plans is a standard practice to allow insiders to sell shares without being accused of trading on non-public information.
• Comparable companies such as Cerner, Allscripts, and athenahealth also have executives who regularly file Form 4s related to stock transactions.

Stakeholder Impact

• Shareholders may be interested in the trading activity of company executives as an indicator of management's view of the company's value.
• The transactions have a minimal direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Waystar Holding Corp., Christopher L. Schremser, stock options, Form 4, insider trading, common stock, Rule 10b5-1(c), executive compensation