WEX (NYSE: WEX) — Morgan Stanley 5.8% and Atlanta Capital 5.3% holdings disclosed

Rhea-AI Filing Summary

WEX Inc. amendment to a Schedule 13G/A reports beneficial ownership stakes by Morgan Stanley reporting units and Atlanta Capital Management Company, LLC. The filing shows 2,015,213 shares (5.8%) associated with Morgan Stanley reporting units and 1,846,085 shares (5.3%) associated with Atlanta Capital Management, each disclosed with voting and dispositive power breakdowns.

The cover identifies the securities as Common Stock, CUSIP 96208T104. Signatures by authorized signatories are dated 05/12/2026; the filing is marked as Amendment No. 2 with an internal date of 03/31/2026.

Insights

Institutional Ownership Analyst

Two institutional holders report mid-single-digit stakes with voting and dispositive power disclosed.

The filing lists explicit share counts and percent-of-class figures: 2,015,213 shares (5.8%) attributed to Morgan Stanley reporting units and 1,846,085 shares (5.3%) to Atlanta Capital Management. Each holder provides detailed voting and dispositive power figures on the cover pages.

These holdings are typical 13G amendments that update ownership levels and control attributes; further changes will be visible in subsequent amendments or filings that the holders or the company may submit.

Corporate Governance Specialist

Filing clarifies shared voting/dispositive authority and joint filing arrangements.

The text notes shared voting power and shared dispositive power values for each reporting person and attaches exhibits including a joint filing agreement and Item 7 information. The Morgan Stanley disclosure aligns to aggregated MS Reporting Units as described in the included Release citation.

Investors wanting governance detail can reference the listed exhibits for subsidiary identification and the joint filing agreement; the filing preserves the Release-based disaggregation caveat for MS Reporting Units.

Key Figures

Morgan Stanley shares beneficially owned: 2,015,213 shares Morgan Stanley percent of class: 5.8% Morgan Stanley shared voting power: 1,803,493 shares +5 more

8 metrics

Morgan Stanley shares beneficially owned 2,015,213 shares Amendment No. 2 Schedule 13G/A

Morgan Stanley percent of class 5.8% Schedule 13G/A Item 4(b)

Morgan Stanley shared voting power 1,803,493 shares Cover-page breakdown

Morgan Stanley shared dispositive power 1,920,266 shares Cover-page breakdown

Atlanta Capital shares beneficially owned 1,846,085 shares Amendment No. 2 Schedule 13G/A

Atlanta Capital percent of class 5.3% Schedule 13G/A Item 4(b)

Atlanta Capital shared voting power 1,648,657 shares Cover-page breakdown

Atlanta Capital shared dispositive power 1,757,455 shares Cover-page breakdown

Key Terms

Schedule 13G/A, Shared Dispositive Power, MS Reporting Units, CUSIP 96208T104

4 terms

Schedule 13G/A regulatory

"Amendment No. 2 and Item 1: Name of issuer: WEX Inc."

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

Shared Dispositive Power regulatory

"Cover-page breakdown showing shared dispositive power values for each reporting person"

MS Reporting Units other

"this filing reflects the securities beneficially owned by certain operating units (collectively, the "MS Reporting Units")"

CUSIP 96208T104 financial

"Item 2(e): Title of class of securities and CUSIP No.: 96208T104"

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

WEX Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

96208T104

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 96208T104

1

Names of Reporting Persons

Morgan Stanley

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,803,493.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,920,266.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,015,213.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.8 %

12

Type of Reporting Person (See Instructions)

HC, CO

SCHEDULE 13G

CUSIP Number(s): 96208T104

1

Names of Reporting Persons

Atlanta Capital Management Company, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,648,657.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,757,455.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,846,085.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.3 %

12

Type of Reporting Person (See Instructions)

IA, CO

SCHEDULE 13G

Item 1.
(a)	Name of issuer: WEX Inc.
(b)	Address of issuer's principal executive offices: 1 HANCOCK STREET, PORTLAND, ME, 04101
Item 2.
(a)	Name of person filing: 1: Morgan Stanley 2: Atlanta Capital Management Company, LLC
(b)	Address or principal business office or, if none, residence: 1: 1585 Broadway, New York, NY 10036 ;2: 1075 Peachtree Street, Suite 2100, Atlanta, GA 30309
(c)	Citizenship: 1: Delaware 2: Delaware
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 96208T104
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: See the response(s) to Item 9 on the attached cover page(s).
(b)	Percent of class: 5.8 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See the response(s) to Item 5 on the attached cover page(s).
	(ii) Shared power to vote or to direct the vote: See the response(s) to Item 6 on the attached cover page(s).
	(iii) Sole power to dispose or to direct the disposition of: See the response(s) to Item 7 on the attached cover page(s).
	(iv) Shared power to dispose or to direct the disposition of: See the response(s) to Item 8 on the attached cover page(s).
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See Exhibit 99.2
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. * In Accordance with the Securities and Exchange Commission Release No. 34-39538 (January 12, 1998) (the "Release"), this filing reflects the securities beneficially owned, or that may be deemed to be beneficially owned, by certain operating units (collectively, the "MS Reporting Units") of Morgan Stanley and its subsidiaries and affiliates (collectively, "MS"). This filing does not reflect securities, if any, beneficially owned by any operating units of MS whose ownership of securities is disaggregated from that of the MS Reporting Units in accordance with the Release.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Morgan Stanley

Signature:	Claire Gordon
Name/Title:	Authorized Signatory, Morgan Stanley
Date:	05/12/2026

Atlanta Capital Management Company, LLC

Signature:	Kelly Williams
Name/Title:	Authorized Signatory, Atlanta Capital Management Company, LLC
Date:	05/12/2026

Exhibit Information

EXHIBIT NO. EXHIBITS ------------------ ------------------------------------ 99.1 Joint Filing Agreement 99.2 Item 7 Information * Attention. Intentional misstatements or omissions of fact constitute federal criminal violations (see 18 U.S.C. 1001).

FAQ

What ownership stake does Morgan Stanley report in WEX (WEX)?

Morgan Stanley reporting units disclose 2,015,213 shares, or 5.8% of WEX common stock. The filing provides shared voting power of 1,803,493 and shared dispositive power of 1,920,266 on the cover pages.

What ownership stake does Atlanta Capital Management report in WEX (WEX)?

Atlanta Capital Management reports ownership of 1,846,085 shares, or 5.3% of WEX common stock. The filing lists shared voting power of 1,648,657 and shared dispositive power of 1,757,455.

What class of security and CUSIP are covered in this Schedule 13G/A for WEX?

The filing covers Common Stock of WEX, identified by CUSIP 96208T104. The cover and Item 2(e) explicitly state the class and the CUSIP associated with the reported holdings.

When were the signatures dated on this Schedule 13G/A amendment for WEX?

Authorized signatories signed the amendment on 05/12/2026. The filing shows signatures for Morgan Stanley and Atlanta Capital Management with that date next to each signature.

Does the filing indicate any subsidiaries for Morgan Stanley that hold the WEX shares?

The filing states the holdings reflect certain MS Reporting Units and references Exhibit 99.2 for Item 7 subsidiary identification. The text cites the Release-based disaggregation of MS Reporting Units and attaches Item 7 information.