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sellModerate cluster of 8

Canada Pension Plan Investment Board sold $177M of WAY

owner at Waystar Holding Corp.. 4,728,061 shares at an average of $37.39, traded May 16, 2025, filed May 20, 2025.

Warning score
57
Value
$177M
4,728,061 shares
Holdings after
24,964,225
-16% from before
From 52-week low
+49%
low $26.39, close $39.34
From 52-week high
-13%
high $45.35, as of May 16, 2025

Score components

  • Role
    10% owner
    +12
  • Trade size
    $176.8M at market
    +25
  • Share of holdings sold
    Sold 16% of holdings
    +5
  • Cluster
    8 insiders selling within 14 days
    +15

What happened after comparable sells

Same side and tier, against the S&P 500, at 1, 3 and 6 months. Shown to Pro users; the whole table is on the backtest page.

This signal so far: 1m -4.2%, 3m -10.1%, 6m -12.1%.

Price around the trade, and since

From a quarter before the trade to today. The arrow is the trade, the circle the day the filing reached EDGAR, which is the first day anyone outside could act; the dotted line is the S&P 500 rebased to that day's close.

WAYOct 9, 2026 · close 26.68
Since filing May 20, 2025: -32.7%SPY +33.5% · excess -66.2%

Daily candles, adjusted for splits and dividends. Green arrows are insider buys, red are sells, sized by value; the dashed line is the close on the filing day, the dotted line SPY rebased to it.Charts by TradingView Lightweight Charts™

Rows in this filing

Every transaction in Form 4 0001104659-25-051037, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
May 16, 2025SOpen-market sale
Common Stockindirect: See footnote
-4,111,357$37.39$154M25,580,929May 20, 2025
May 20, 2025SOpen-market sale
Common Stockindirect: See footnote
-616,704$37.39$23M24,964,225May 20, 2025

Related signals

Other insiders at Waystar Holding Corp. and this insider’s other filings.

ScoreCompanyInsiderValueHoldingsFiled
15Weak
WAYsell10b5-1
Waystar Holding Corp.
Matthew J. Hawkins
Chief Executive Officer
$2.2M
82,500 shares
-4%
15Weak
WAYsell10b5-1
Waystar Holding Corp.
Matthew J. Hawkins
Chief Executive Officer
$2.1M
82,500 shares
-4%
43Moderate
WAYbuy
Waystar Holding Corp.
Heidi Miller
director
$189k
7,200 shares
-
5Weak
WAYsell10b5-1
Waystar Holding Corp.
Eric L. (Ric) Sinclair III
Chief Business Officer
$1.2M
40,225 shares
-8%
2Weak
WAYsell 210b5-1
Waystar Holding Corp.
Eric L. (Ric) Sinclair III
Chief Business Officer
$318k
9,701 shares
-2%
1Weak
WAYsell 210b5-1
Waystar Holding Corp.
Christopher L. Schremser
Chief Technology Officer
$262k
8,623 shares
-2%
0Weak
WAYsell 210b5-1
Waystar Holding Corp.
Melissa F. (Missy) Miller
Chief Marketing Officer
$126k
3,400 shares
-2%
10Weak
WAYsell 310b5-1
Waystar Holding Corp.
Eric L. (Ric) Sinclair III
Chief Business Officer
$342k
9,701 shares
-2%
2Weak
WAYsell 210b5-1
Waystar Holding Corp.
Christopher L. Schremser
Chief Technology Officer
$311k
8,623 shares
-2%
10Weak
WAYsell 310b5-1
Waystar Holding Corp.
Eric L. (Ric) Sinclair III
Chief Business Officer
$358k
9,701 shares
-2%

Not investment advice. Scores and forward returns are decision support built from public SEC filings and past prices; they describe what happened after comparable filings, not what will happen after this one. Do your own research and size your risk.

Canada Pension Plan Investment Board sold $177M of WAY | InsiderTell