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Corpay (NYSE: CPAY) director sells 4,643 shares without 10b5-1 plan

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

Rhea-AI Filing Summary

For CORPAY, INC. (CPAY), director Steven T. Stull reported multiple open-market sales of common stock on August 18–19, 2026, totaling 4,643 shares, at prices generally around $409–$412 per share, as reflected by weighted-average sale prices within specified one-dollar ranges.

The Form 4 also reports an indirect holding of 6,247 shares held "by Funds," for which Stull has shared voting power and may be deemed to beneficially own only to the extent of his pecuniary interest. The Rule 10b5-1 checkbox is not marked as being pursuant to a trading plan.

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Insider Stull Steven T
Role Director
Sold 4,643 shs ($1.91M)
Type Security Shares Price Value
Sale Common Stock F3 1,960 $411.8089 $807K
Sale Common Stock 40 $412.42 $16K
Sale Common Stock F4 1,640 $409.34 $671K
Sale Common Stock F5 360 $410.2422 $148K
Sale Common Stock F1 455 $410.1895 $187K
Sale Common Stock F2 188 $411.8821 $77K
holding Common Stock F6 -- -- --
Holdings After Transaction: Common Stock — 23,598 shares (Direct); Common Stock — 6,247 shares (Indirect, by Funds)
Footnotes (6)
  1. F1. Reflects the weighted average sale price. The range of prices for such transaction is $410 to $410.6025. 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 $411.5725 to $412.48. 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 $411.35 to $412.11. 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 $409.08 to $410.03. 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 $410.11 to $410.75. 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.
  6. F6. 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.
Total shares sold 4,643 shares Aggregate non-derivative common stock sales reported for August 18–19, 2026
Shares sold on August 18, 2026 643 shares Two sale lines of 455 and 188 shares
Shares sold on August 19, 2026 4,000 shares Four sale lines of 1,960; 40; 1,640; and 360 shares
Price range footnote F1 $410 to $410.6025 per share Weighted average sale price range for one August 18, 2026 transaction
Price range footnote F2 $411.5725 to $412.48 per share Weighted average sale price range for another August 18, 2026 transaction
Price range footnote F4 $409.08 to $410.03 per share Weighted average sale price range for an August 19, 2026 transaction
Indirectly held shares 6,247 shares Indirect holdings by Funds with shared voting power, as of August 18, 2026
weighted average sale price financial
"Reflects the weighted average sale price. The range of prices for such"
open market sale transactions financial
"Open market sale transactions were made on the same day at different"
beneficially own financial
"and related entities and 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"
shared voting power financial
"Reporting person has shared voting power with respect to shares held"
Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.

FAQ

What insider transaction did CPAY director Steven T. Stull report?
Steven T. Stull reported open-market sales of 4,643 shares of CORPAY, INC. common stock on August 18–19, 2026, across multiple transactions, all coded as sales of non-derivative common stock.

At what prices were the CPAY shares sold by Steven T. Stull?
The reported sales used weighted average sale prices. Footnotes show price ranges from $409.08 to $412.48 per share, with each line aggregating trades executed within a one-dollar price band in open-market transactions through a broker-dealer.

How many CPAY shares did Steven T. Stull sell on each date?
On August 18, 2026, Stull reported sales totaling 643 shares (455 and 188 share lines). On August 19, 2026, he reported sales totaling 4,000 shares (1,960; 40; 1,640; and 360 share lines), for an aggregate of 4,643 shares sold.

Does Steven T. Stull still have any indirect holdings of CPAY stock after these sales?
Yes. The Form 4 shows 6,247 shares of CORPAY, INC. common stock held indirectly "by Funds". Stull has shared voting power and disclaims beneficial ownership except to the extent of his pecuniary interest in those shares.

Were Steven T. Stull’s CPAY stock sales under a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox (aff_10b5_one) is marked false, indicating the reported transactions were not affirmatively identified as being made pursuant to a Rule 10b5-1 trading plan.

What do the weighted average price footnotes mean in the CPAY Form 4?
Each footnote explains that the reported price is a weighted average sale price for multiple open-market trades executed the same day within a one-dollar price range. Stull undertakes to provide the exact share counts at each price 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)
08/18/2026		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 Stock08/18/2026S455D$410.1895(1)27,786D
Common Stock08/18/2026S188D$411.8821(2)27,598D
Common Stock08/19/2026S1,960D$411.8089(3)25,638D
Common Stock08/19/2026S40D$412.4225,598D
Common Stock08/19/2026S1,640D$409.34(4)23,958D
Common Stock08/19/2026S360D$410.2422(5)23,598D
Common Stock6,247Iby Funds(6)
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 $410 to $410.6025. 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 $411.5725 to $412.48. 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 $411.35 to $412.11. 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 $409.08 to $410.03. 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 $410.11 to $410.75. 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.
6. 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 attorney08/20/2026
** 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