Bain Capital Investors Llc - May 16, 2025 Form 4 Insider Report for Waystar Holding Corp. (WAY)

Role
10%+ Owner
Signature
Bain Capital Investors, LLC, By: /s/ Paul Moskowitz, Title: Authorized Signatory
Stock symbol
WAY
Transactions as of
May 16, 2025
Transactions value $
-$129,522,325
Form type
4
Date filed
5/20/2025, 08:55 PM
Previous filing
Mar 6, 2025
Next filing
Sep 16, 2025

Reporting Owners (7)

Name Relationship Address Signature Signature date CIK
BAIN CAPITAL INVESTORS LLC 10%+ Owner 200 CLARENDON STREET, BOSTON Bain Capital Investors, LLC, By: /s/ Paul Moskowitz, Title: Authorized Signatory 2025-05-20 0001040508
BCPE Derby Investor, LP 10%+ Owner 200 CLARENDON STREET, BOSTON BCPE Derby Investor, LP, By: BCPE Derby GP, LLC, its GP, By: Bain Capital Fund XI, L.P., its member, By: Bain Capital Partners XI, L.P., its GP, By: Bain Capital Investors, LLC, its GP, By: /s/ Paul Moskowitz, Title: Authorized Signatory 2025-05-20 0002025342
BCPE Derby GP, LLC 10%+ Owner 200 CLARENDON STREET, BOSTON BCPE Derby GP, LLC, By: Bain Capital Fund XI, L.P., its member, By: Bain Capital Partners XI, L.P., its general partner, By: Bain Capital Investors, LLC, its general partner, By: /s/ Paul Moskowitz, Title: Authorized Signatory 2025-05-20 0002025234
Bain Capital Fund XI, L.P. 10%+ Owner 200 CLARENDON STREET, BOSTON Bain Capital Fund XI, L.P., By: Bain Capital Partners XI, L.P., its general partner, By: Bain Capital Investors, LLC, its general partner, By: /s/ Paul Moskowitz, Title: Authorized Signatory 2025-05-20 0001568889
Bain Capital Partners XI, L.P. 10%+ Owner 200 CLARENDON STREET, BOSTON Bain Capital Partners XI, L.P., By: Bain Capital Investors, LLC, its general partner, By: /s/ Paul Moskowitz, Title: Authorized Signatory 2025-05-20 0001851748
BCPE Derby (DE) SPV, LP 10%+ Owner C/O BAIN CAPITAL PRIVATE EQUITY, LP, 200 CLARENDON STREET, BOSTON BCPE Derby (DE) SPV, LP, By: BCPE Derby (DE) SPV (GP), LLC, its GP, By: Bain Capital Fund XI, L.P., its member, By: Bain Capital Partners XI, L.P., its GP, By: Bain Capital Investors, LLC, its GP, By: /s/ Paul Moskowitz, Title: Authorized Signatory 2025-05-20 0002048434
BCPE Derby (DE) SPV (GP), LLC 10%+ Owner 200 CLARENDON STREET, BOSTON BCPE Derby (DE) SPV (GP), LLC, By: Bain Capital Fund XI, L.P., its member, By: Bain Capital Partners XI, L.P., its general partner, By: Bain Capital Investors, LLC, its general partner, By: /s/ Paul Moskowitz, Title: Authorized Signatory 2025-05-20 0002048242

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WAY Common Stock, par value $0.01 per share Sale -$113M -3.01M -13.85% $37.39 18.7M May 16, 2025 See Footnote F1, F2, F3
transaction WAY Common Stock, par value $0.01 per share Other -235K -1.26% 18.5M May 16, 2025 See Footnote F1, F2, F4
transaction WAY Common Stock, par value $0.01 per share Sale -$16.9M -452K -2.44% $37.39 18.1M May 20, 2025 See Footnote F1, F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Bain Capital Investors, LLC ("BCI") is the manager of Bain Capital Partners XI, L.P. ("Partners XI"), which is the general partner of Bain Capital Fund XI, L.P. ("Fund XI"). Fund XI is the (i) sole member of BCPE Derby GP, LLC ("Derby GP"), which is the general partner of BCPE Derby Investor, LP ("Derby Investor") and (ii) sole member of BCPE Derby (DE) SPV, LLC ("Derby SPV GP"), which is the general partner of BCPE Derby (DE) SPV, LP ("Derby SPV Investor" and, together with BCI, Partners XI, Fund XI, Derby GP, Derby Investor and Derby SPV GP, the "Bain Capital Entities").
F2 (Continued from footnote 1) As a result, the Bain Capital Entities may be deemed to share voting and dispositive power with respect to the shares of the Issuer's common stock, par value $0.01 per share (the "Common Stock"), held by Derby Investor and Derby SPV Investor. The Bain Capital Entities disclaim beneficial ownership of such securities, except to the extent of their pecuniary interest therein.
F3 Pursuant to a registered public offering that closed on May 16, 2025, 233,925 shares of Common Stock were sold by Derby Investor and 2,778,328 shares of Common Stock were sold by Derby SPV Investor at a price of $37.3937 (net of underwriting discount).
F4 On May 16, 2025, Derby Investor distributed 235,397 shares of Common Stock to one or more of its members or partners in connection with certain charitable gifts made by such members or partners or their direct or indirect owners.
F5 In connection with the exercise of the underwriters' option to purchase additional shares of Common Stock in a registered public offering that closed on May 20, 2025, 65,295 shares of Common Stock were sold by Derby Investor and 386,542 shares of Common Stock were sold by Derby SPV Investor at a price of $37.3937 (net of underwriting discount).