Waystar CEO Matthew Hawkins sells $2.14m in company stock

Waystar Holding CEO Matthew Hawkins sold 82,500 shares of the company's common stock on September 2, 2026, netting $2.14 million in revenue. The transaction occurred at an average price of $25.97 per share, with each trade falling between $25.51 and $26.51. The sale was automated following a pre-established trading plan Hawkins agreed to on March 13, 2026.

Later that day, Hawkins bought back 82,500 shares using stock options, spending $341,550. These shares were exercised on September 1, 2026, when the stock price was $4.14 per share. Additionally, Hawkins sold 30,287 shares on September 1, 2026, to meet tax requirements for vested restricted stock units (RSUs). The RSU vesting plan had been adjusted, with 25% of the units vesting on September 1, and the remaining shares to vest over the subsequent three years.

After these transactions, Hawkins now owns 1,804,794 shares directly and indirectly holds more options through trusts. Despite the stock trading at a 21% decline year-to-date, analysts believe the company remains undervalued. On the same day as Hawkins' sale, Waystar's quarterly results showed an 18% revenue increase to $320 million and a 21.5% rise in adjusted EBITDA to $137 million.

This strong performance came with news that analysts have raised their earnings forecasts for the company.