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WEX (NYSE: WEX) COO sells 3,500 shares under Rule 10b5-1 plan

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

Rhea-AI Filing Summary

WEX Inc. COO, International Joel Alan Dearborn Jr. reported selling a total of 3,500 shares of WEX common stock in a series of open-market transactions on April 1, 2026. The sales were executed at weighted-average prices ranging from about $147.93 to $152.71 per share.

According to the filing, these transactions occurred automatically under a Rule 10b5-1 trading plan adopted on December 2, 2025. After the sales, Dearborn directly holds 26,372 WEX shares and also has an indirect interest in 7,400 shares held through the Dearborn 2025 Trust.

Positive

  • None.

Negative

  • None.
Insider Dearborn Joel Alan JR
Role COO, International
Sold 3,500 shs ($532K)
Type Security Shares Price Value
Sale Common Stock 73 $147.93 $11K
Sale Common Stock 93 $148.70 $14K
Sale Common Stock 341 $150.32 $51K
Sale Common Stock 168 $151.14 $25K
Sale Common Stock 675 $152.42 $103K
Sale Common Stock 2,150 $152.71 $328K
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 29,799 shares (Direct); Common Stock — 7,400 shares (Indirect, Dearborn 2025 Trust)
Footnotes (1)
  1. The reported sale of shares occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 2, 2025. The price listed is a weighted average price. These shares were sold in multiple transactions at prices ranging from $147.53 and $148.39, inclusive. Upon request, the reporting person will provide the Securities and Exchange Commission, WEX Inc. or any security holder of WEX Inc. with full information regarding the number of shares sold at each separate purchase price. The price listed is a weighted average price. These shares were sold in multiple transactions at prices ranging from $148.55 and $148.77, inclusive. The price listed is a weighted average price. These shares were sold in multiple transactions at prices ranging from $149.68 and $150.65, inclusive. The price listed is a weighted average price. These shares were sold in multiple transactions at prices ranging from $150.69 and $151.40, inclusive. The price listed is a weighted average price. These shares were sold in multiple transactions at prices ranging from $151.69 and $152.56, inclusive. This trust was first described in a Form 4 filed by the reporting person on 02/25/2026.
Shares sold 3,500 shares Open-market sales of WEX common stock on April 1, 2026
Lowest weighted-average sale price $147.93 per share Reported price for one sale tranche
Highest weighted-average sale price $152.71 per share Reported price for largest sale tranche
Direct holdings after sales 26,372 shares WEX common stock directly owned after April 1, 2026 transactions
Indirect holdings in trust 7,400 shares WEX common stock held via Dearborn 2025 Trust
Largest single tranche sold 2,150 shares at $152.71 One open-market sale reported on April 1, 2026
Rule 10b5-1 trading plan financial
"occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average price financial
"The price listed is a weighted average price. These shares were sold in multiple transactions"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
open-market sale financial
"transaction_action": "open-market sale","transaction_code_description": "Sale in open market"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Dearborn 2025 Trust financial
"nature_of_ownership": "Dearborn 2025 Trust""
indirect ownership financial
""ownership_type": "indirect","ownership_code": "I""
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).
X
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*
Dearborn Joel Alan JR
(Last)(First)(Middle)
C/O WEX INC.
1 HANCOCK STREET
(Street)
PORTLAND MAINE 04101
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
WEX Inc. [ WEX ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
COO, International
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026		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 Stock04/01/2026S73(1)D$147.93(2)(3)29,799D
Common Stock04/01/2026S93(1)D$148.7(3)(4)29,706D
Common Stock04/01/2026S341(1)D$150.32(3)(5)29,365D
Common Stock04/01/2026S168(1)D$151.14(3)(6)29,197D
Common Stock04/01/2026S675(1)D$152.42(3)(7)28,522D
Common Stock04/01/2026S2,150(1)D$152.7126,372D
Common Stock7,400IDearborn 2025 Trust(8)
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. The reported sale of shares occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 2, 2025.
2. The price listed is a weighted average price. These shares were sold in multiple transactions at prices ranging from $147.53 and $148.39, inclusive.
3. Upon request, the reporting person will provide the Securities and Exchange Commission, WEX Inc. or any security holder of WEX Inc. with full information regarding the number of shares sold at each separate purchase price.
4. The price listed is a weighted average price. These shares were sold in multiple transactions at prices ranging from $148.55 and $148.77, inclusive.
5. The price listed is a weighted average price. These shares were sold in multiple transactions at prices ranging from $149.68 and $150.65, inclusive.
6. The price listed is a weighted average price. These shares were sold in multiple transactions at prices ranging from $150.69 and $151.40, inclusive.
7. The price listed is a weighted average price. These shares were sold in multiple transactions at prices ranging from $151.69 and $152.56, inclusive.
8. This trust was first described in a Form 4 filed by the reporting person on 02/25/2026.
Remarks:
/s/ Matthew Finkelstein, as attorney-in-fact for Joel A. Dearborn04/02/2026
** 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

FAQ

What insider transaction did WEX (WEX) report for Joel Alan Dearborn Jr.?

WEX reported that COO, International Joel Alan Dearborn Jr. sold 3,500 shares of WEX common stock in open-market transactions on April 1, 2026, under a pre-established Rule 10b5-1 trading plan, spreading the sales across several price tranches.

At what prices did the WEX (WEX) COO sell his shares?

The WEX COO sold shares at weighted-average prices between approximately $147.93 and $152.71 per share. Each reported tranche reflects a separate weighted-average sale price, with detailed price ranges available from the company or the SEC upon request.

How many WEX (WEX) shares does Joel Alan Dearborn Jr. hold after the sales?

After the April 1, 2026 sales, Joel Alan Dearborn Jr. directly owns 26,372 shares of WEX common stock. He also has an indirect interest in 7,400 additional shares held through the Dearborn 2025 Trust, as disclosed in the Form 4 filing.

What is the significance of the Rule 10b5-1 plan in the WEX (WEX) Form 4?

The filing states the sales occurred automatically under a Rule 10b5-1 trading plan adopted on December 2, 2025. Such plans pre-arrange trading activity, indicating these sales were scheduled in advance rather than being discretionary decisions made on the trade date.

How large was the WEX (WEX) COO’s sale relative to his remaining holdings?

The COO sold 3,500 shares and retained 26,372 shares directly, plus 7,400 shares held indirectly through the Dearborn 2025 Trust. This means he maintained a substantial share position in WEX common stock following the reported Rule 10b5-1 plan sales.