WAYNasdaqServices-Computer Integrated Systems DesignFiscal year ends December 31
Waystar Holding Corp.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 29, 2026
$27.99+0.63 (+2.30%)
Close on Oct 19, 2026
- Market cap
- $5.44B
- P/E (TTM)
- 40.0
- Dividend yield
- –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
100.0%
212M of 192M shares
Institutional holders
302
72 new, 74 sold out
Net institutional buying
9M
In Q2 2026
Insider trades, 12 months
1 buys · 11 sales
Net sold $8.20M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Derby LuxCo S.a r.l. | 32,645,525 | 18.70% | 13G (passive) amendment | Jun 30, 2025 |
| Canada Pension Plan Investment Board | 29,692,286 | 17.20% | 13G (passive) amendment | Feb 24, 2025 |
| EQT Fund Management S.a r.l. | 24,879,437 | 14.20% | 13G (passive) amendment | Sep 30, 2025 |
| Abigail P. Johnson | 19,643,976 | 10.20% | 13G (passive) amendment | Jul 31, 2026 |
| CPP Investment Board Private Holdings (4) Inc. | 19,025,452 | 9.90% | 13G (passive) amendment | Sep 30, 2025 |
| BlackRock, Inc. | 15,925,871 | 9.10% | 13G (passive) | Sep 30, 2025 |
| BCPE Derby (DE) SPV, LP | 11,329,700 | 5.90% | 13G (passive) amendment | Sep 30, 2025 |
| AIO Holdings L.P. | 11,059,899 | 5.80% | 13D (active) | Oct 1, 2025 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of WAY | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| EQT Fund Management S.a r.l. | 24,879,437 | 12.98% | $510.77M | – | 59.21% |
| Canada Pension Plan Investment Board | 19,025,452 | 9.92% | $390.59M | – | 0.22% |
| BlackRock, Inc. | 17,435,466 | 9.09% | $357.95M | +769,734 | 0.01% |
| FMR LLC | 15,045,567 | 7.85% | $308.89M | +83,148 | 0.01% |
| Bain Capital Investors LLC | 13,243,539 | 6.91% | $271.89M | – | 5.65% |
| Advent International, L.P. | 11,059,899 | 5.77% | $227.06M | – | 1.28% |
| Vanguard Portfolio Management LLC | 6,626,263 | 3.46% | $136.04M | +219,485 | 0.01% |
| Goldentree Asset Management LP | 6,160,110 | 3.21% | $126.28M | +1,716,439 | 7.34% |
| Vanguard Capital Management LLC | 5,200,460 | 2.71% | $106.77M | +55,236 | 0.00% |
| Bank Of Montreal /Can/ | 5,189,386 | 2.71% | $106.54M | +1,735,629 | 0.04% |
| State Street Corp | 4,572,108 | 2.38% | $93.87M | +282,993 | 0.00% |
| Artisan Partners Limited Partnership | 3,679,251 | 1.92% | $75.54M | −729,153 | 0.12% |
| Millennium Management LLC | 3,652,355 | 1.90% | $74.98M | +1,540,222 | 0.03% |
| Neuberger Berman Group LLC | 3,634,210 | 1.90% | $74.61M | −1,036,969 | 0.05% |
| Geode Capital Management, LLC | 3,088,690 | 1.61% | $63.42M | +196,548 | 0.00% |
| Price T Rowe Associates Inc /Md/ | 2,938,152 | 1.53% | $60.32K | +1,220,346 | 0.01% |
| UBS Group AG | 2,884,399 | 1.50% | $59.22M | +731,450 | 0.01% |
| Jupiter Topco LLC | 2,871,893 | 1.50% | $58.96M | New | 0.02% |
| Dimensional Fund Advisors LP | 2,660,854 | 1.39% | $54.62M | +614,458 | 0.01% |
| Bank Of America Corp /De/ | 2,583,119 | 1.35% | $53.03M | +517,861 | 0.00% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 302 | 212M | 100.0% | 72 / 117 | 87 / 74 | 28M | 19M |
| Q1 2026 | 307 | 205M | 100.0% | 80 / 114 | 91 / 67 | 46M | 28M |
| Q4 2025 | 300 | 199M | 100.0% | 73 / 115 | 89 / 67 | 39M | 28M |
| Q3 2025 | 301 | 188M | 98.3% | 84 / 125 | 78 / 48 | 70M | 29M |
| Q2 2025 | 268 | 147M | 76.7% | 70 / 123 | 62 / 25 | 31M | 22M |
| Q1 2025 | 226 | 138M | 71.9% | 82 / 108 | 31 / 19 | 41M | 28M |
| Q4 2024 | 165 | 126M | 65.6% | 65 / 58 | 33 / 17 | 15M | 15M |
| Q3 2024 | 117 | 126M | 65.5% | 54 / 31 | 21 / 28 | 12M | 11M |
| Q2 2024 | 92 | 125M | 65.0% | 92 / 0 | 0 / 0 | 125M | 0M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of WAY | Value | % of fund | As of |
|---|---|---|---|---|---|
| iShares Core S&P Small-Cap ETF | 6,934,946 | 3.62% | $142.37M | 0.13% | Jun 30, 2026 |
| Vanguard Total Stock Market Index Fund | 3,668,065 | 1.91% | $75.31M | 0.00% | Jun 30, 2026 |
| Fidelity Value Fund | 3,487,900 | 1.82% | $73.63M | 0.70% | Jul 31, 2026 |
| Fidelity Low-Priced Stock Fund | 3,211,000 | 1.67% | $67.78M | 0.27% | Jul 31, 2026 |
| iShares Russell 2000 ETF | 2,921,727 | 1.52% | $59.98M | 0.07% | Jun 30, 2026 |
| Vanguard Small-Cap Index Fund | 2,636,973 | 1.38% | $54.14M | 0.03% | Jun 30, 2026 |
| Neuberger Long Short Fund | 1,713,975 | 0.89% | $36.18M | 0.49% | Jul 31, 2026 |
| Select Medical Technology and Devices Portfolio | 1,600,000 | 0.83% | $31.86M | 1.07% | May 31, 2026 |
| Vanguard Small-Cap Growth Index Fund | 1,525,895 | 0.80% | $31.33M | 0.07% | Jun 30, 2026 |
| SMALLCAP World Fund Inc | 1,426,053 | 0.74% | $29.28M | 0.03% | Jun 30, 2026 |
| MFS New Discovery Fund | 1,416,610 | 0.74% | $28.20M | 1.32% | May 31, 2026 |
| Oberweis Small-Cap Opportunities Fund | 1,378,100 | 0.72% | $28.29M | 1.00% | Jun 30, 2026 |
| Fidelity Small Cap Growth Fund | 1,333,310 | 0.70% | $28.15M | 0.32% | Jul 31, 2026 |
| Vanguard Extended Market Index Fund | 1,323,921 | 0.69% | $27.18M | 0.03% | Jun 30, 2026 |
| Janus Henderson Triton Fund | 1,301,256 | 0.68% | $26.71M | 0.45% | Jun 30, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Matthew J. Hawkins | Chief Executive Officer, Director | 1,887,294 | 0.98% | Sep 3, 2026 |
| Amit Khanna | Chief Prod. & Tech. Officer | 390,625 | 0.20% | Sep 8, 2026 |
| Gregory R. Packer | Chief Legal officer | 418,255 | 0.22% | Sep 3, 2026 |
| T. Craig Bridge | Chief Transformation Officer | 833,234 | 0.43% | Sep 3, 2026 |
| Alpana Wegner | Chief Financial Officer | 162,112 | 0.08% | Aug 14, 2026 |
| Todd Charles Woods | Chief Commercial Officer | 129,679 | 0.07% | Aug 10, 2026 |
| Kimberly S. Wittman | Chief People Officer | 270,233 | 0.14% | Jun 9, 2026 |
| Melissa F. (Missy) Miller | Chief Marketing Officer | 252,077 | 0.13% | Jun 9, 2026 |
| Christopher L. Schremser | Chief Technology Officer | 495,033 | 0.26% | Jun 9, 2026 |
| Steven M. Oreskovich | Chief Financial Officer | 424,200 | 0.22% | Jun 9, 2026 |
| William Chan | Chief Product & AI Officer | 1,580,812 | 0.82% | Mar 11, 2026 |
| III Eric L. (Ric) Sinclair | Chief Business Officer | 474,826 | 0.25% | Jan 22, 2026 |
| Michael F. Roman | Director | 15,580 | 0.01% | Sep 25, 2026 |
| John Patrick Driscoll | Director | 101,203 | 0.05% | Sep 25, 2026 |
| Vivian E. Riefberg | Director | 24,275 | 0.01% | Sep 25, 2026 |
| Robert DeMichiei | Director | 47,342 | 0.02% | Sep 25, 2026 |
| Priscilla Hung | Director | 24,275 | 0.01% | Sep 25, 2026 |
| Aashima Gupta | Director | 15,580 | 0.01% | Sep 25, 2026 |
| Heidi Miller | Director | 49,260 | 0.03% | Sep 25, 2026 |
| Lauren Young | Director | – | – | Oct 3, 2025 |
| Paul G. Moskowitz | Director, 10% owner | 13,243,539 | 6.91% | Sep 16, 2025 |
| BCPE Derby Investor, LP | 10% owner | – | – | Sep 16, 2025 |
| BCPE Derby (DE) SPV, LP | 10% owner | 41,991,985 | 21.90% | Sep 16, 2025 |
| Capital Investors Llc Bain | 10% owner | 21,754,536 | 11.35% | Sep 16, 2025 |
| BCPE Derby (DE) SPV (GP), LLC | 10% owner | – | – | Sep 16, 2025 |
| Investment Board Private Holdings (4) Inc. CPP | 10% owner | 19,025,452 | 9.92% | Sep 16, 2025 |
| Pension Plan Investment Board Canada | 10% owner | – | – | Sep 16, 2025 |
| Fund Management S.a r.l. EQT | 10% owner | – | – | Sep 16, 2025 |
| Bain Capital Partners XI, L.P. | 10% owner | 27,980,417 | 14.59% | Sep 16, 2025 |
| Bain Capital Fund XI, L.P. | 10% owner | 13,759,910 | 7.18% | Sep 16, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Matthew J. Hawkins Chief Executive Officer, Director | Sep 2, 2026 | Option exercise | +82,500 | $4.14 | $341.55K | 1,887,294 |
| Matthew J. Hawkins Chief Executive Officer, Director | Sep 2, 2026 | Sale(10b5-1 plan) | −82,500 | $25.97 | $2.14M | 1,804,794 |
| Gregory R. Packer Chief Legal officer | Sep 1, 2026 | Tax withholding | −6,754 | $25.73 | $173.78K | 418,255 |
| Matthew J. Hawkins Chief Executive Officer, Director | Sep 1, 2026 | Tax withholding | −30,287 | $25.73 | $779.28K | 1,804,794 |
| T. Craig Bridge Chief Transformation Officer | Sep 1, 2026 | Tax withholding | −30,792 | $25.73 | $792.28K | 833,234 |
| Amit Khanna Chief Prod. & Tech. Officer | Aug 17, 2026 | Award | +390,625 | – | – | 390,625 |
| Matthew J. Hawkins Chief Executive Officer, Director | Aug 13, 2026 | Option exercise | +60,038 | $4.14 | $248.56K | 1,895,119 |
| Matthew J. Hawkins Chief Executive Officer, Director | Aug 13, 2026 | Sale(10b5-1 plan) | −60,038 | $25.01 | $1.50M | 1,835,081 |
| Matthew J. Hawkins Chief Executive Officer, Director | Aug 11, 2026 | Sale(10b5-1 plan) | −22,462 | $25.04 | $562.45K | 1,835,081 |
| Matthew J. Hawkins Chief Executive Officer, Director | Aug 11, 2026 | Option exercise | +22,462 | $4.14 | $92.99K | 1,857,543 |
| Todd Charles Woods Chief Commercial Officer | Aug 1, 2026 | Award | +90,827 | – | – | 220,506 |
| Matthew J. Hawkins Chief Executive Officer, Director | Aug 1, 2026 | Award | +908,265 | – | – | 1,835,081 |
| T. Craig Bridge Chief Transformation Officer | Aug 1, 2026 | Award | +205,470 | – | – | 864,026 |
| Gregory R. Packer Chief Legal officer | Aug 1, 2026 | Award | +232,061 | – | – | 425,009 |
| Alpana Wegner Chief Financial Officer | Jul 24, 2026 | Award | +162,112 | – | – | 162,112 |
| Matthew J. Hawkins Chief Executive Officer, Director | Jul 16, 2026 | Sale(10b5-1 plan) | −36,901 | $23.09 | $852.04K | 926,816 |
| Matthew J. Hawkins Chief Executive Officer, Director | Jul 16, 2026 | Option exercise | +36,901 | $4.14 | $152.77K | 963,717 |
| Matthew J. Hawkins Chief Executive Officer, Director | Jul 15, 2026 | Option exercise | +33,099 | $4.14 | $137.03K | 959,915 |
| Matthew J. Hawkins Chief Executive Officer, Director | Jul 15, 2026 | Sale(10b5-1 plan) | −33,099 | $23.02 | $761.94K | 926,816 |
| Melissa F. (Missy) Miller Chief Marketing Officer | Jun 9, 2026 | Tax withholding | −2,887 | $19.23 | $55.52K | 252,077 |
| T. Craig Bridge Chief Transformation Officer | Jun 9, 2026 | Tax withholding | −12,212 | $19.23 | $234.84K | 658,556 |
| Kimberly S. Wittman Chief People Officer | Jun 9, 2026 | Tax withholding | −2,731 | $19.23 | $52.52K | 270,233 |
| Christopher L. Schremser Chief Technology Officer | Jun 9, 2026 | Tax withholding | −14,751 | $19.23 | $283.66K | 495,033 |
| Matthew J. Hawkins Chief Executive Officer, Director | Jun 9, 2026 | Tax withholding | −47,754 | $19.23 | $918.31K | 926,816 |
| Steven M. Oreskovich Chief Financial Officer | Jun 9, 2026 | Tax withholding | −12,583 | $19.23 | $241.97K | 424,200 |
| Heidi Miller Director | Jun 3, 2026 | Award | +10,446 | – | – | 42,060 |
| Michael F. Roman Director | Jun 3, 2026 | Award | +10,446 | – | – | 15,580 |
| Vivian E. Riefberg Director | Jun 3, 2026 | Award | +10,446 | – | – | 24,275 |
| Robert DeMichiei Director | Jun 3, 2026 | Award | +10,446 | – | – | 47,342 |
| Priscilla Hung Director | Jun 3, 2026 | Award | +10,446 | – | – | 24,275 |
| Aashima Gupta Director | Jun 3, 2026 | Award | +10,446 | – | – | 15,580 |
| John Patrick Driscoll Director | Jun 3, 2026 | Award | +10,446 | – | – | 101,203 |
| Aashima Gupta Director | Jun 3, 2026 | Award | +9,303 | – | – | 14,437 |
| John Patrick Driscoll Director | Jun 3, 2026 | Award | +9,303 | – | – | 100,060 |
| Priscilla Hung Director | Jun 3, 2026 | Award | +9,303 | – | – | 23,132 |
| Robert DeMichiei Director | Jun 3, 2026 | Award | +9,303 | – | – | 46,199 |
| Heidi Miller Director | Jun 3, 2026 | Award | +9,303 | – | – | 40,917 |
| Vivian E. Riefberg Director | Jun 3, 2026 | Award | +9,303 | – | – | 23,132 |
| Michael F. Roman Director | Jun 3, 2026 | Award | +9,303 | – | – | 14,437 |
| Gregory R. Packer Chief Legal officer | Apr 6, 2026 | Tax withholding | −4,016 | $23.69 | $95.14K | 192,948 |
| Melissa F. (Missy) Miller Chief Marketing Officer | Mar 9, 2026 | Award | +61,703 | – | – | 254,964 |
| Kimberly S. Wittman Chief People Officer | Mar 9, 2026 | Award | +61,703 | – | – | 272,964 |
| T. Craig Bridge Chief Transformation Officer | Mar 9, 2026 | Award | +87,413 | – | – | 670,768 |
| Steven M. Oreskovich Chief Financial Officer | Mar 9, 2026 | Award | +82,271 | – | – | 436,783 |
| William Chan Chief Product & AI Officer | Mar 9, 2026 | Award | +82,271 | – | – | 1,580,812 |
| Gregory R. Packer Chief Legal officer | Mar 9, 2026 | Award | +65,817 | – | – | 196,964 |
| Christopher L. Schremser Chief Technology Officer | Mar 9, 2026 | Award | +87,413 | – | – | 509,784 |
| Matthew J. Hawkins Chief Executive Officer, Director | Mar 9, 2026 | Award | +257,096 | – | – | 974,570 |
| Heidi Miller Director | Mar 2, 2026 | Buy | +7,200 | $26.25 | $189.00K | 7,200 |
| III Eric L. (Ric) Sinclair Chief Business Officer | Jan 20, 2026 | Sale(10b5-1 plan) | −40,225 | $30.08 | $1.21M | 474,826 |
| III Eric L. (Ric) Sinclair Chief Business Officer | Jan 20, 2026 | Option exercise | +32,663 | $4.14 | $135.22K | 515,051 |
| III Eric L. (Ric) Sinclair Chief Business Officer | Jan 20, 2026 | Option exercise | +7,562 | $18.19 | $137.55K | 482,388 |
| III Eric L. (Ric) Sinclair Chief Business Officer | Dec 22, 2025 | Option exercise | +9,701 | $4.14 | $40.16K | 484,527 |
| III Eric L. (Ric) Sinclair Chief Business Officer | Dec 22, 2025 | Sale(10b5-1 plan) | −9,701 | $32.82 | $318.39K | 474,826 |
| Christopher L. Schremser Chief Technology Officer | Dec 10, 2025 | Sale(10b5-1 plan) | −8,623 | $30.41 | $262.23K | 422,371 |
| Christopher L. Schremser Chief Technology Officer | Dec 10, 2025 | Option exercise | +8,623 | $4.14 | $35.70K | 430,994 |
| Melissa F. (Missy) Miller Chief Marketing Officer | Nov 25, 2025 | Option exercise | +3,400 | $18.19 | $61.85K | 196,661 |
| Melissa F. (Missy) Miller Chief Marketing Officer | Nov 25, 2025 | Sale(10b5-1 plan) | −3,400 | $37.00 | $125.80K | 193,261 |
| III Eric L. (Ric) Sinclair Chief Business Officer | Nov 20, 2025 | Sale(10b5-1 plan) | −9,701 | $35.27 | $342.15K | 474,826 |
| III Eric L. (Ric) Sinclair Chief Business Officer | Nov 20, 2025 | Option exercise | +9,701 | $4.14 | $40.16K | 484,527 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Hawkins Matthew Director, Officer | Oct 6, 2026 | 82,500 | $2.18M | Oct 6, 2026 | Exercise of Stock Options |
| Hawkins Matthew Director, Officer | Sep 2, 2026 | 82,500 | $2.13M | Sep 2, 2026 | Exercise of Stock Options |
| Lawrence Schremser Chris Former Affiliate | Aug 14, 2026 | 518,237 | $12.98M | Aug 13, 2026 | Exercise of Options Under a Registered Plan |
| Miller Melissa Former Affiliate | Aug 13, 2026 | 51,360 | $1.29M | Aug 13, 2026 | Exercise of Options Under a Registered Plan |
| Hawkins Matthew Director, Officer | Aug 13, 2026 | 60,038 | $1.47M | Aug 13, 2026 | Exercise of Stock Options |
| Hawkins Matthew Director, Officer | Aug 11, 2026 | 22,462 | $554.81K | Aug 11, 2026 | Exercise of Stock Options |
| J. Hawkins Matthew Director, Officer | Jul 15, 2026 | 70,000 | $1.55M | Jul 15, 2026 | Exercise of Stock Options |
| L. Sinclair Eric Iii Director | May 29, 2026 | 160,000 | $3.18M | May 29, 2026 | Exercise of options under a registered plan |
| L. Sinclair Eric Iii Director | May 28, 2026 | 200,000 | $3.88M | May 28, 2026 | Exercise of options under a registered plan |
| L. Sinclair Eric Iii Officer | Jan 20, 2026 | 40,225 | $1.22M | Jan 20, 2026 | Exercise of Stock Options |
| Lee Sinclair Eric Iii Officer | Dec 22, 2025 | 9,701 | $318.58K | Dec 22, 2025 | Exercise of Stock Options |
| Schremser Christopher Officer | Dec 10, 2025 | 8,623 | $262.40K | Dec 10, 2025 | Exercise of Stock Options |
| Miller Melissa Officer | Nov 25, 2025 | 3,400 | $124.00K | Nov 25, 2025 | Exercise of Stock Options |
| J. Hawkins Matthew Director, Officer | Sep 22, 2025 | 50,000 | $1.89M | Sep 22, 2025 | Exercise of Stock Options |
| M. Oreskovich Steven Officer | Sep 10, 2025 | 16,666 | $681.47K | Sep 10, 2025 | Exercise of Stock Options |