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sellModerate cluster of 8

Derby LuxCo S.a r.l. sold $231M of WAY

owner at Waystar Holding Corp.. 6,182,849 shares at an average of $37.39, traded May 16, 2025, filed May 20, 2025.

Warning score
57
Value
$231M
6,182,849 shares
Holdings after
32,645,525
-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
    $231.2M 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.

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 0000950170-25-075228, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
May 16, 2025SOpen-market sale
Common Stockindirect: Held directly by Derby LuxCo
-5,376,390$37.39$201M33,451,984May 20, 2025
May 20, 2025SOpen-market sale
Common Stockindirect: Held directly by Derby LuxCo
-806,459$37.39$30M32,645,525May 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%
29Weak
WAYsell 910b5-1
Waystar Holding Corp.
Matthew J. Hawkins
Chief Executive Officer
$952k
25,000 shares
-3%
10Weak
WAYsell 910b5-1
Waystar Holding Corp.
Eric L. (Ric) Sinclair III
Chief Business Officer
$365k
9,701 shares
-2%
57Moderate
WAYsell 9
Waystar Holding Corp.
Bain Capital Investors LLC
owner
$168M
4,295,139 shares
-24%
57Moderate
WAYsell 9
Waystar Holding Corp.
Canada Pension Plan Investment Board
owner
$233M
5,938,773 shares
-24%
57Moderate
WAYsell 9
Waystar Holding Corp.
Derby LuxCo S.a r.l.
owner
$305M
7,766,088 shares
-24%
60Notable
WAYsell 9
Waystar Holding Corp.
Paul G Moskowitz
director, owner
$168M
4,295,139 shares
-24%
22Weak
WAYsell 910b5-1
Waystar Holding Corp.
Steven M Oreskovich
Chief Financial Officer
$675k
16,666 shares
-4%
10Weak
WAYsell 910b5-1
Waystar Holding Corp.
Christopher L. Schremser
Chief Technology Officer
$349k
8,623 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.

Derby LuxCo S.a r.l. sold $231M of WAY | InsiderTell