Hilary A. Rapkin - 01 Nov 2022 Form 4 Insider Report for WEX Inc. (WEX)

Role: Chief Legal Officer
Signature: /s/ Hilary Rapkin
Issuer symbol: WEX
Transactions as of: 01 Nov 2022
Net transactions value: -$1,016,898
Form type: 4
Filing time: 03 Nov 2022, 17:19:41 UTC
Previous filing: 28 Jun 2022
Next filing: 12 Jan 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WEX	Common Stock	Sale	$297,810	-1,800	-13%	$165.45	12,328	01 Nov 2022	Direct
transaction	WEX	Common Stock	Options Exercise	$0	+4,356	+35%	$0.000000	16,684	01 Nov 2022	Direct
transaction	WEX	Common Stock	Sale	$719,088	-4,356	-26%	$165.08	12,328	01 Nov 2022	Direct	F1
transaction	WEX	Common Stock	Gift	$0	-125	-1%	$0.000000	12,203	01 Nov 2022	Direct	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	WEX	Stock Option (right to buy)	Options Exercise	$0	+4,356		$0.000000^*	0	01 Nov 2022	Common Stock	4,356	$99.69	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The price listed is a weighted average price for all shares sold. All shares were sold for between $164.99 and $165.26. 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.
F2	Reflects the gift of common stock to a charitable donor advised fund.
F3	As noted on the Reporting Person's Form 4 dated March 2, 2021, half of the performance-based non-statutory stock options ("Performance-Based NSOs"), reported on the Reporting Person's Form 4 dated May 12, 2017 (the "Original Form 4"), vested on June 26, 2020 when the Company's closing stock price was at least $149.54 for twenty consecutive trading days. Another quarter of the Performance-Based NSOs vested on December 29, 2020 when the Company's closing stock price was at least $174.45 for twenty consecutive trading days. The last remaining quarter of the Performance-Based NSOs vested on March 8, 2021 when the Company's closing stock price was at least $199.38 for twenty consecutive trading days. Please reference the Original Form 4 for further information regarding the vesting of the Performance-Based NSOs.