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Waystar holding officer Sinclair sells $390k in shares

Published 25/06/2025, 23:28
Waystar holding officer Sinclair sells $390k in shares
WAY
-0.32%

Waystar Holding Corp (NASDAQ:WAY), a $6.7 billion market cap company whose stock has surged nearly 80% over the past year, saw Chief Business Officer Eric L. (Ric) Sinclair III sell 9,702 shares of common stock on June 25, 2025, at prices ranging from $40.00 to $40.4050, for a total value of $390,256.

Sinclair also exercised options to purchase 9,702 shares of Waystar Holding common stock at an exercise price of $4.14, for a total value of $40,166.

Following these transactions, Sinclair directly owns 490,870 shares of Waystar Holding Corp, including unvested restricted stock units.

These transactions were executed automatically under a Rule 10b5-1(c) plan adopted by Sinclair on February 19, 2025.

In other recent news, Waystar Holding Corp. has experienced several notable developments. Fitch Ratings has upgraded Waystar’s Long-Term Issuer Default Rating to ’BB’ from ’BB-’, citing reduced leverage and strong operating performance, with expectations for EBITDA margins to improve into the low 40% range. Meanwhile, S&P Global Ratings also upgraded Waystar’s issuer credit rating to ’BB-’ from ’B+’, highlighting the company’s stronger market position and reduced leverage. Additionally, Waystar announced a public offering of 12.5 million shares by investment funds including EQT AB (ST:EQTAB), Bain Capital, and the Canada Pension Plan Investment Board, with no shares being sold by Waystar itself.

Furthermore, Waystar appointed Aashima Gupta from Google (NASDAQ:GOOGL) Cloud and Michael Roman, former CEO of 3M, to its Board of Directors, bringing expertise in healthcare strategy and enterprise leadership. The company’s CEO, Matt Hawkins (NASDAQ:HWKN), received a performance-based stock grant, incentivizing long-term shareholder value creation. These recent developments, including the credit rating upgrades and board appointments, reflect Waystar’s strategic growth and financial health.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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