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Corpay (NYSE: CPAY) leader cashes out options in $410+ share sales

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Form Type
4

Rhea-AI Filing Summary

CORPAY, INC. (CPAY) reported insider transactions by officer Alan King, Group President Intl Vehicle Payments. On August 14 and 18, 2026, King exercised 25,785 employee stock options at exercise prices of $261.07, $231.70, and $196.18 per share, receiving an equal number of common shares.

Across those dates, he then sold 25,785 common shares in open-market transactions at weighted average prices around $410–$420 per share, as detailed in footnotes that provide one-dollar price ranges for each sale batch.

Positive

  • None.

Negative

  • None.
Insider King Alan
Role GroupPresident IntlVehiclePmts
Sold 25,785 shs ($10.65M)
Approx. gross sale proceeds $10.65M
Approx. exercise cost $6.29M
Approx. pre-tax spread $4.36M
Type Security Shares Price Value
Exercise Employee Stock Options 6,600 $0.00 $0.00
Exercise Stock Options Holding 9,600 $0.00 $0.00
Exercise Employee Stock Options 2,463 $0.00 $0.00
Exercise Common Stock 6,600 $261.07 $1.72M
Sale Common Stock F2 183 $410.0852 $75K
Sale Common Stock F3 2,617 $410.8758 $1.08M
Sale Common Stock F4 3,800 $412.0986 $1.57M
Exercise Common Stock 9,600 $231.70 $2.22M
Sale Common Stock 9,600 $410.00 $3.94M
Exercise Common Stock 2,463 $196.18 $483K
Sale Common Stock F5 2,463 $410.1239 $1.01M
Exercise Employee Stock Options 7,122 $0.00 $0.00
Exercise Common Stock 7,122 $261.07 $1.86M
Sale Common Stock F1 7,122 $419.5763 $2.99M
Holdings After Transaction: Employee Stock Options — 98,431 shares (Direct); Stock Options Holding — 0 shares (Direct); Common Stock — 24,537 shares (Direct)
Footnotes (5)
  1. F1. Reflects the weighted average sale price. The range of prices for such transaction is $419.50 to $419.74. 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 $410.05 to $410.09. 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 $410.62 to $411.20. 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. Reflects the weighted average sale price. The range of prices for such transaction is $411.72 to $412.26. 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.
  5. F5. Reflects the weighted average sale price. The range of prices for such transaction is $410 to $410.28. 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.
Options Exercised 25,785 shares Total derivative exercise shares reported in transactionSummary
Shares Sold 25,785 shares Total sellShares across reported non-derivative sales
Exercise Price $261.0700 per share Conversion or exercise price for certain employee stock options
Exercise Price $231.7000 per share Conversion or exercise price for stock options exercised on 2026-08-18
Exercise Price $196.1800 per share Conversion or exercise price for stock options exercised on 2026-08-18
Sale Price (weighted average) $419.5763 per share Weighted average price for 7,122-share sale on 2026-08-14
Sale Price (example) $410.0000 per share Price for a 9,600-share open-market sale on 2026-08-18
employee stock options financial
"security_title "Employee Stock Options" with stated exercise prices and expiration dates"
Employee stock options are contracts that give workers the right to buy a company's shares at a set price sometime in the future, like a coupon that lets you purchase stock at today’s price later on. Investors care because they align employees’ incentives with company performance and create a potential future claim on shares that can reduce existing owners’ percentage and add to a company’s reported compensation costs.
derivative security financial
"transaction_code_description "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
weighted average sale price financial
"Footnotes state "Reflects the weighted average sale price" with price ranges"
open market sale transactions financial
"Footnotes describe "Open market sale transactions" executed through a broker-dealer"

FAQ

What did CORPAY (CPAY) executive Alan King report in this Form 4?

Alan King reported exercising 25,785 stock options and selling 25,785 CORPAY common shares in open-market transactions on August 14 and 18, 2026, converting option awards into cash proceeds while eliminating those specific option positions.

How many CORPAY (CPAY) options did Alan King exercise and at what strike prices?

Alan King exercised 25,785 employee stock options at exercise prices of $261.07, $231.70, and $196.18 per share, converting them into an equal number of CORPAY common shares before the reported sales.

At what prices were Alan King’s CORPAY (CPAY) shares sold?

The reported CORPAY share sales used weighted average prices. One batch on August 14, 2026 averaged $419.5763, with a price range of $419.50–$419.74, and August 18, 2026 sales averaged around $410–$412 per share within narrow one-dollar ranges.

Were Alan King’s CORPAY (CPAY) transactions under a Rule 10b5-1 trading plan?

The filing’s Rule 10b5-1 checkbox is not affirmatively marked and the footnotes do not state that the trades were made under a Rule 10b5-1 plan, so no plan status is indicated in this report.

What is the net effect of Alan King’s Form 4 transactions on CORPAY (CPAY) holdings?

The transactions show 25,785 options exercised and 25,785 shares sold, for a net-sell of 25,785 shares. The filing does not state his remaining CORPAY holdings after these trades.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates
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*
King Alan

(Last)(First)(Middle)
3280 PEACHTREE RD NE
UNIT 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)
Director10% Owner
XOfficer (give title below)Other (specify below)
GroupPresident IntlVehiclePmts
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/14/2026
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 Stock08/14/2026M7,122A$261.0731,659D
Common Stock08/14/2026S7,122D$419.5763(1)24,537D
Common Stock08/18/2026M6,600A$261.0731,137D
Common Stock08/18/2026S183D$410.0852(2)30,954D
Common Stock08/18/2026S2,617D$410.8758(3)28,337D
Common Stock08/18/2026S3,800D$412.0986(4)24,537D
Common Stock08/18/2026M9,600A$231.734,137D
Common Stock08/18/2026S9,600D$41024,537D
Common Stock08/18/2026M2,463A$196.1827,000D
Common Stock08/18/2026S2,463D$410.1239(5)24,537D
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
Employee Stock Options$261.0708/14/2026M7,12201/25/202201/25/2031Common Stock50,426$043,304D
Employee Stock Options$261.0708/18/2026M6,60001/25/202401/25/2031Common Stock50,426$036,704D
Stock Options Holding$231.708/18/2026M9,60002/27/202002/27/2029Common Stock9,600$00D
Employee Stock Options$196.1808/18/2026M2,46303/27/202103/27/2030Common Stock20,886$018,423D
Explanation of Responses:
1. Reflects the weighted average sale price. The range of prices for such transaction is $419.50 to $419.74. 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 $410.05 to $410.09. 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 $410.62 to $411.20. 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. Reflects the weighted average sale price. The range of prices for such transaction is $411.72 to $412.26. 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.
5. Reflects the weighted average sale price. The range of prices for such transaction is $410 to $410.28. 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.
/s/ Crystal Williams, under a power of attorney08/18/2026
** 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)