---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-047008"
form_type: "8-K"
ticker: "WAY"
cik: "0001990354"
company_name: "Waystar Holding Corp."
filed_at: "2025-05-12T23:59:59+00:00"
generated_at: "2026-05-22T00:44:44.982715+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Waystar grants CEO Matt Hawkins 396,197 PSUs; plans board expansion to 12 directors

## Summary
- CEO Hawkins receives 396,197 PSUs with TSR-based vesting over 4 years (2025–2029), up to 200% of target.
- Peer group is S&P SmallCap 600 Info Tech index; no vesting if relative TSR below 30th percentile.
- Company to amend charter to remove board size cap; board to expand from 10 to 12 directors.
- Aashima Gupta (Google Cloud Healthcare Director) and Michael Roman (former 3M CEO) to join as independent directors.
- Gupta to serve on Audit & Risk; Roman on Audit & Risk and Nominating Committee.

## SEC filing metadata
- accession: 0001104659-25-047008
- form_type: 8-K
- ticker: WAY
- cik: 0001990354
- company_name: Waystar Holding Corp.
- filed_at: 2025-05-12T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1990354/000110465925047008/0001104659-25-047008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1990354/000110465925047008/tm2514730d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-047008
- JSON: https://secwatch.observer/filing/0001104659-25-047008.json
- Plain text: https://secwatch.observer/filing/0001104659-25-047008.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.