WEX (WEX) COO Dearborn sells 3,500 shares in planned trade

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

WEX Inc. COO, International Joel Alan Dearborn Jr. reported an open-market sale of 3,500 shares of WEX common stock on April 16, 2026 at $175.00 per share. After this sale, he holds 22,872 shares directly and 7,400 shares indirectly through the Dearborn 2025 Trust. The filing notes the sale was executed automatically under a pre-arranged Rule 10b5-1 trading plan adopted on December 2, 2025, indicating the transaction timing was set in advance rather than decided opportunistically.

Insider Trade Summary 10b5-1

Net Seller: 3,500 shares ($612,500)

Net Sell 2 txns

Insider Dearborn Joel Alan JR

Role COO, International

Sold 3,500 shs ($613K)

Type	Security	Shares	Price	Value
Sale	Common Stock	3,500	$175.00	$613K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 22,872 shares (Direct, null); Common Stock — 7,400 shares (Indirect, Dearborn 2025 Trust)

Footnotes (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. This trust was first described in a Form 4 filed by the reporting person on 02/25/2026.

Key Figures

Shares sold: 3,500 shares Sale price: $175.00 per share Direct holdings after sale: 22,872 shares +3 more

6 metrics

Shares sold 3,500 shares Open-market sale of common stock on April 16, 2026

Sale price $175.00 per share Transaction price for 3,500 sold shares

Direct holdings after sale 22,872 shares Common stock held directly following the reported sale

Indirect holdings 7,400 shares Common stock held indirectly via Dearborn 2025 Trust

Net share change -3,500 shares Net buy/sell direction from transaction summary

10b5-1 plan adoption date December 2, 2025 Date the pre-arranged trading plan was adopted

Key Terms

Rule 10b5-1 trading plan, open-market sale, indirect ownership, beneficial ownership

4 terms

Rule 10b5-1 trading plan financial

"The reported sale of shares occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 2, 2025."

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.

open-market sale financial

"transaction_action": "open-market sale""

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.

indirect ownership financial

""ownership_type": "indirect" and "nature_of_ownership": "Dearborn 2025 Trust""

beneficial ownership financial

"This trust was first described in a Form 4 filed by the reporting person on 02/25/2026."

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

Form 4 Insider Transactions: What Each Field Means →

04/20/2026 - 06:52 PM

SEC Form 4

FORM 4

UNITED 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^*

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)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	COO, International

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/16/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	04/16/2026		S		3,500⁽¹⁾	D	$175	22,872	D
Common Stock								7,400	I	Dearborn 2025 Trust⁽²⁾

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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. 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. Dearborn	04/20/2026
	** Signature of Reporting Person	Date
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) disclose in this Form 4?

WEX disclosed that COO, International Joel Alan Dearborn Jr. conducted an open-market sale of 3,500 shares of WEX common stock at $175.00 per share on April 16, 2026. This transaction is reported as a routine Form 4 insider sale.

How many WEX (WEX) shares did the COO sell and at what price?

The COO, International sold 3,500 shares of WEX common stock at a transaction price of $175.00 per share. This single reported open-market sale results in total sold shares of 3,500 in the transaction summary, with no corresponding purchases reported.

What are Joel Dearborn Jr.’s WEX (WEX) holdings after this Form 4 transaction?

Following the sale, Joel Alan Dearborn Jr. directly owns 22,872 shares of WEX common stock. In addition, a separate holding entry shows 7,400 shares held indirectly through the Dearborn 2025 Trust, giving visibility into his total reported direct and indirect equity exposure.

Was the WEX (WEX) insider sale made under a Rule 10b5-1 plan?

Yes. A footnote states the reported sale occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 2, 2025. Such pre-arranged plans schedule trades in advance, reducing the significance of short-term market timing decisions.

Does the WEX (WEX) Form 4 show any option exercises or derivative transactions?

No derivative exercises are reported in this Form 4. The derivative summary section is empty, and the transaction summary shows zero exercise transactions and zero derivative transaction count, indicating only common stock transactions are disclosed in this particular filing.

What does indirect ownership via the Dearborn 2025 Trust mean for WEX (WEX) shares?

The filing lists 7,400 WEX common shares as indirectly owned through the Dearborn 2025 Trust. This indicates those shares are held by the trust rather than directly in the executive’s name, but they are still reported as part of his beneficial ownership picture in the Form 4.