Skip to content
sellWeak cluster of 310b5-1 plan

Eric L. (Ric) Sinclair III sold $358k of WAY

Chief Business Officer at Waystar Holding Corp.. 9,701 shares at an average of $36.94, traded Oct 20, 2025, filed Oct 21, 2025.

Warning score
10
Value
$358k
9,701 shares
Holdings after
474,826
-2% from before
From 52-week low
+36%
low $27.16, close $36.96
From 52-week high
-19%
high $45.35, as of Oct 20, 2025

Score components

  • Role
    Officer
    +15
  • Trade size
    $358k at market
    +15
  • Share of holdings sold
    Sold 2.0% of holdings
    0
  • Cluster
    3 insiders selling within 14 days
    +15
  • Exercise and sell
    Shares came from an option exercise in the same filing
    -15
  • 10b5-1 plan
    Pre-scheduled under a 10b5-1 plan
    -20

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 Oct 21, 2025: -28.9%SPY +17.2% · excess -46.1%

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 0001998250-25-000011, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
Oct 20, 2025MOption exercise
Common Stock10b5-1
+9,701$4.14$40k484,527Oct 21, 2025
Oct 20, 2025SOpen-market sale
Common Stock10b5-1
-9,701$36.94$358k474,826Oct 21, 2025
Oct 20, 2025MOption exercise
Stock Options (right to buy)derivative10b5-1
-9,701$0.00$058,206Oct 21, 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%
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%
5Weak
WAYsell 310b5-1
Waystar Holding Corp.
Matthew J. Hawkins
Chief Executive Officer
$7,600
200 shares
-0%
9Weak
WAYsell 310b5-1
Waystar Holding Corp.
Christopher L. Schremser
Chief Technology Officer
$312k
8,623 shares
-2%
29Weak
WAYsell 910b5-1
Waystar Holding Corp.
Matthew J. Hawkins
Chief Executive Officer
$952k
25,000 shares
-3%

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.

Eric L. (Ric) Sinclair III sold $358k of WAY | InsiderTell