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  4. [Form 4] CORPAY, INC. Insider Trading Activity

Corpay (NYSE: CPAY) director sells 2,357 shares around $413

Filing Impact
(High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

CORPAY, INC. (CPAY) director Steven T. Stull reported open-market sales of an aggregate 2,357 shares of Common Stock on August 20, 2026, in three blocks at weighted average prices of $412.91, $413.67, and $414.62, each with disclosed one-dollar price ranges. He also reports indirect holdings of 6,247 shares held by funds over which he has shared voting power and for which he disclaims beneficial ownership beyond his pecuniary interest. The transactions were not reported as pursuant to a Rule 10b5-1 trading plan.

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Insider Stull Steven T
Role Director
Sold 2,357 shs ($975K)
Type Security Shares Price Value
Sale Common Stock F1 879 $412.9118 $363K
Sale Common Stock F2 889 $413.6695 $368K
Sale Common Stock F3 589 $414.615 $244K
holding Common Stock F4 -- -- --
Holdings After Transaction: Common Stock — 21,241 shares (Direct); Common Stock — 6,247 shares (Indirect, by Funds)
Footnotes (4)
  1. F1. Reflects the weighted average sale price. The range of prices for such transaction is $412.34 to $413.31. Open market sale transactions were made on the same day at different prices through a trade order executed by a broker-dealer. The reporting person has reported on a single line all such transactions that occurred within a one dollar price range. The reporting person hereby undertakes to provide upon request by the Securities and Exchange Commission staff, the issuer or a shareholder of the issuer, full information regarding the number of shares sold at each separate price.
  2. F2. Reflects the weighted average sale price. The range of prices for such transaction is $413.35 to $414.26. Open market sale transactions were made on the same day at different prices through a trade order executed by a broker-dealer. The reporting person has reported on a single line all such transactions that occurred within a one dollar price range. The reporting person hereby undertakes to provide upon request by the Securities and Exchange Commission staff, the issuer or a shareholder of the issuer, full information regarding the number of shares sold at each separate price.
  3. F3. Reflects the weighted average sale price. The range of prices for such transaction is $414.38 to $415.27. Open market sale transactions were made on the same day at different prices through a trade order executed by a broker-dealer. The reporting person has reported on a single line all such transactions that occurred within a one dollar price range. The reporting person hereby undertakes to provide upon request by the Securities and Exchange Commission staff, the issuer or a shareholder of the issuer, full information regarding the number of shares sold at each separate price.
  4. F4. Reporting person has shared voting power with respect to shares held by Advantage Capital Financial Company, LLC and related entities and may be deemed to beneficially own such shares. Reporting person disclaims beneficial ownership in the shares except to the extent of his pecuniary interest therein.
Shares sold (block 1) 879 shares Common Stock sold on August 20, 2026 at weighted average price
Weighted average price (block 1) $412.9118 per share First sale block on August 20, 2026; price range $412.34–$413.31
Shares sold (block 2) 889 shares Common Stock sold on August 20, 2026 at weighted average price
Weighted average price (block 2) $413.6695 per share Second sale block on August 20, 2026; price range $413.35–$414.26
Shares sold (block 3) 589 shares Common Stock sold on August 20, 2026 at weighted average price
Weighted average price (block 3) $414.6150 per share Third sale block on August 20, 2026; price range $414.38–$415.27
Total shares sold 2,357 shares Aggregate of three Common Stock sale blocks on August 20, 2026
Indirectly held shares by Funds 6,247 shares Indirect holdings with shared voting power; beneficial ownership disclaimed except for pecuniary interest
weighted average sale price financial
"Reflects the weighted average sale price. The range of prices..."
open market sale transactions financial
"Open market sale transactions were made on the same day..."
beneficially own financial
"may be deemed to beneficially own such shares."
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
pecuniary interest financial
"disclaims beneficial ownership in the shares except to the extent of his pecuniary interest"
Rule 10b5-1 regulatory
"The transactions were not reported as pursuant to a Rule 10b5-1 trading plan."
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

FAQ

What insider transaction did CPAY director Steven T. Stull report on August 20, 2026?
Steven T. Stull reported selling a total of 2,357 shares of CORPAY, INC. Common Stock on August 20, 2026 in three open-market transactions. The sales were reported as non-derivative transactions in Common Stock and were coded as “S” (sale).

At what prices did Steven T. Stull sell CPAY shares in this Form 4 filing?
The reported weighted average sale prices were $412.9118 for 879 shares, $413.6695 for 889 shares, and $414.6150 for 589 shares. Footnotes state price ranges of $412.34–$413.31, $413.35–$414.26, and $414.38–$415.27, respectively.

How many CPAY shares does Steven T. Stull report as indirectly held after these transactions?
He reports indirect ownership of 6,247 shares of CORPAY, INC. Common Stock held “by Funds.” A footnote explains these shares are held by Advantage Capital Financial Company, LLC and related entities, over which he has shared voting power.

Does Steven T. Stull claim full beneficial ownership of the indirectly held CPAY shares?
No. The footnote states he may be deemed to beneficially own the shares held by Advantage Capital Financial Company, LLC and related entities but disclaims beneficial ownership except to the extent of his pecuniary interest in those shares.

Were Steven T. Stull’s CPAY stock sales made under a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is not marked as affirmative, indicating the reported CPAY stock sales were not identified as being made pursuant to a Rule 10b5-1 trading plan.

What does the Form 4 say about how the CPAY sale prices were calculated?
Each reported price is a weighted average sale price. Footnotes explain that multiple open-market sale transactions occurred the same day within one-dollar price ranges, aggregated into single line items, and that detailed per-trade pricing can be provided upon request.

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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Stull Steven T
(Last)(First)(Middle)
3280 PEACHTREE RD NE
SUITE 2400
(Street)
ATLANTA GEORGIA 30305
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
CORPAY, INC. [ CPAY ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/20/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock08/20/2026S879D$412.9118(1)22,719D
Common Stock08/20/2026S889D$413.6695(2)21,830D
Common Stock08/20/2026S589D$414.615(3)21,241D
Common Stock6,247Iby Funds(4)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Reflects the weighted average sale price. The range of prices for such transaction is $412.34 to $413.31. Open market sale transactions were made on the same day at different prices through a trade order executed by a broker-dealer. The reporting person has reported on a single line all such transactions that occurred within a one dollar price range. The reporting person hereby undertakes to provide upon request by the Securities and Exchange Commission staff, the issuer or a shareholder of the issuer, full information regarding the number of shares sold at each separate price.
2. Reflects the weighted average sale price. The range of prices for such transaction is $413.35 to $414.26. Open market sale transactions were made on the same day at different prices through a trade order executed by a broker-dealer. The reporting person has reported on a single line all such transactions that occurred within a one dollar price range. The reporting person hereby undertakes to provide upon request by the Securities and Exchange Commission staff, the issuer or a shareholder of the issuer, full information regarding the number of shares sold at each separate price.
3. Reflects the weighted average sale price. The range of prices for such transaction is $414.38 to $415.27. Open market sale transactions were made on the same day at different prices through a trade order executed by a broker-dealer. The reporting person has reported on a single line all such transactions that occurred within a one dollar price range. The reporting person hereby undertakes to provide upon request by the Securities and Exchange Commission staff, the issuer or a shareholder of the issuer, full information regarding the number of shares sold at each separate price.
4. Reporting person has shared voting power with respect to shares held by Advantage Capital Financial Company, LLC and related entities and may be deemed to beneficially own such shares. Reporting person disclaims beneficial ownership in the shares except to the extent of his pecuniary interest therein.
/s/ Crystal Williams, under a power of attorney08/21/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR