=== SEC Form 4 — Statement of Changes in Beneficial Ownership ===
Document Type: 4
Period of Report: 2026-08-14
10b5-1 Pre-arranged Plan: No
--- Issuer ---
Name: CORPAY, INC. (CPAY)
CIK: 0001175454
--- Reporting Owner ---
Name: King Alan
CIK: 0001681825
Role: Officer (GroupPresident IntlVehiclePmts)
--- Non-Derivative Transactions ---
[Transaction #1]
Security: Common Stock
Date: 2026-08-14 | Code: M (Exercise of derivative)
Shares: +7,122 | Price: $261.07
Total Value: $1,859,340.54
Shares Owned After: 31,659 | Ownership: D (Direct)
[Transaction #2]
Security: Common Stock
Date: 2026-08-14 | Code: S (Open market sale)
Shares: -7,122 | Price: $419.58
Total Value: $2,988,222.41
Shares Owned After: 24,537 | Ownership: D (Direct)
Footnotes:
[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.
[Transaction #3]
Security: Common Stock
Date: 2026-08-18 | Code: M (Exercise of derivative)
Shares: +6,600 | Price: $261.07
Total Value: $1,723,062.00
Shares Owned After: 31,137 | Ownership: D (Direct)
[Transaction #4]
Security: Common Stock
Date: 2026-08-18 | Code: S (Open market sale)
Shares: -183 | Price: $410.09
Total Value: $75,045.59
Shares Owned After: 30,954 | Ownership: D (Direct)
Footnotes:
[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.
[Transaction #5]
Security: Common Stock
Date: 2026-08-18 | Code: S (Open market sale)
Shares: -2,617 | Price: $410.88
Total Value: $1,075,261.97
Shares Owned After: 28,337 | Ownership: D (Direct)
Footnotes:
[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.
[Transaction #6]
Security: Common Stock
Date: 2026-08-18 | Code: S (Open market sale)
Shares: -3,800 | Price: $412.10
Total Value: $1,565,974.68
Shares Owned After: 24,537 | Ownership: D (Direct)
Footnotes:
[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.
[Transaction #7]
Security: Common Stock
Date: 2026-08-18 | Code: M (Exercise of derivative)
Shares: +9,600 | Price: $231.70
Total Value: $2,224,320.00
Shares Owned After: 34,137 | Ownership: D (Direct)
[Transaction #8]
Security: Common Stock
Date: 2026-08-18 | Code: S (Open market sale)
Shares: -9,600 | Price: $410.00
Total Value: $3,936,000.00
Shares Owned After: 24,537 | Ownership: D (Direct)
[Transaction #9]
Security: Common Stock
Date: 2026-08-18 | Code: M (Exercise of derivative)
Shares: +2,463 | Price: $196.18
Total Value: $483,191.34
Shares Owned After: 27,000 | Ownership: D (Direct)
[Transaction #10]
Security: Common Stock
Date: 2026-08-18 | Code: S (Open market sale)
Shares: -2,463 | Price: $410.12
Total Value: $1,010,135.17
Shares Owned After: 24,537 | Ownership: D (Direct)
Footnotes:
[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.
--- Derivative Transactions ---
[Transaction #1]
Security: Employee Stock Options
Date: 2026-08-14 | Code: M (Exercise of derivative)
Shares: -7,122 | Price: $0.00
Exercisable: N/A | Expires: 2031-01-25
Shares Owned After: 43,304 | Ownership: D (Direct)
[Transaction #2]
Security: Employee Stock Options
Date: 2026-08-18 | Code: M (Exercise of derivative)
Shares: -6,600 | Price: $0.00
Exercisable: N/A | Expires: 2031-01-25
Shares Owned After: 36,704 | Ownership: D (Direct)
[Transaction #3]
Security: Stock Options Holding
Date: 2026-08-18 | Code: M (Exercise of derivative)
Shares: -9,600 | Price: $0.00
Exercisable: N/A | Expires: 2029-02-27
Shares Owned After: 0 | Ownership: D (Direct)
[Transaction #4]
Security: Employee Stock Options
Date: 2026-08-18 | Code: M (Exercise of derivative)
Shares: -2,463 | Price: $0.00
Exercisable: N/A | Expires: 2030-03-27
Shares Owned After: 18,423 | Ownership: D (Direct)
--- Footnotes (Complete Index) ---
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.
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.
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.
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.
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.
--- Signature ---
/s/ /s/ Crystal Williams, under a power of attorney (2026-08-18)