Form 4: Waystar Holding Corp. Executive Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Christopher L. Schremser, Chief Technology Officer of Waystar Holding Corp., executed transactions involving common stock and stock options under a pre-arranged 10b5-1 trading plan.
Summary
- On May 9, 2025, Christopher L. Schremser, the Chief Technology Officer of Waystar Holding Corp., engaged in transactions involving the company's common stock.
- Schremser exercised stock options to acquire 8,623 shares of common stock at a price of $4.14 per share.
- Simultaneously, Schremser sold 8,623 shares of common stock at a weighted average price of $40.1661, with individual sales ranging from $39.97 to $40.58.
- These transactions were executed automatically under a pre-arranged trading plan adopted on December 6, 2024, designed to comply with Rule 10b5-1(c).
- Following these transactions, Schremser directly owns 438,044 shares of common stock and 129,355 stock options.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports routine stock transactions under a pre-arranged plan. There is no indication of positive or negative implications for the company.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies. The use of 10b5-1 plans allows insiders to sell shares over time while avoiding accusations of trading on non-public information.
Comparison to Industry Standards
- Executive compensation packages often include stock options and restricted stock units to align management's interests with those of shareholders.
- Trading activity by insiders is closely monitored by regulators and investors to ensure compliance with securities laws.
- Companies like Veeva Systems and Cerner (now Oracle Health) also see regular Form 4 filings from their executives related to stock option exercises and sales.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the pre-arranged nature of the trades mitigates concerns about insider information.
Key Dates
| Date | Description |
|---|---|
| 2024-12-06 | Date of adoption of the Rule 10b5-1 trading plan. |
| 2025-05-09 | Date of the stock option exercise and stock sale transactions. |
| 2025-05-12 | Date of the Form 4 filing. |
| 2027-11-01 | Expiration date of the stock options. |
Keywords
Waystar Holding Corp., Christopher L. Schremser, stock options, common stock, Form 4, insider trading, 10b5-1 plan, executive compensation
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