Fiserv director defers $32,500 into 484 stock-based units

Fiserv Inc. director reports deferred stock-based compensation A Fiserv Inc. director filed a Form 4 reporting a deferred compensation transaction dated December 31, 2025.

Rhea-AI Filing Summary

Fiserv Inc. director reports deferred stock-based compensation

A Fiserv Inc. director filed a Form 4 reporting a deferred compensation transaction dated December 31, 2025. Under the company’s Non-Employee Director Deferred Compensation Plan, $32,500 of director fees payable in cash was deferred and converted into 484 deferred compensation notional units. The number of units was calculated using Fiserv’s common stock closing price of $67.17 per share on December 31, 2025.

Each notional unit represents the right to receive one share of Fiserv common stock after the director’s service with the company ends. Following this crediting, the director beneficially owns 1,606 derivative securities in the form of deferred compensation notional units, held directly.

Insider Trade Summary

Grant/Award: 484 shares

Grant/Award 1 txn

Insider Gopal Ajei

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Deferred Compensation Notional Units	484	$67.17	$33K

Holdings After Transaction: Deferred Compensation Notional Units — 1,606 contracts (Direct)

Footnotes (1)

1. F1. These deferred compensation notional units were allocated under the Fiserv, Inc. Non-Employee Director Deferred Compensation Plan (the "Plan"), under which director fees otherwise payable in cash may be deferred in exchange for the allocation of notional units under the Plan. This Form 4 reports the crediting of units under the Plan on December 31, 2025, in respect of $32,500 of deferred compensation. The number of notional units credited is calculated by dividing the amount of compensation that is deferred by the closing price of the company's common stock on the date of deferral, or last business day prior. On December 31, 2025, the closing price of Fiserv's common stock was $67.17 per share. Following cessation of the reporting person's service to the company, each notional unit will be settled in shares of Fiserv common stock on a one-for-one basis.

FAQ

What did Fiserv Inc. (FI) disclose in this Form 4 filing?

The filing shows a Fiserv Inc. director deferred $32,500 of cash fees into 484 deferred compensation notional units on December 31, 2025, under the company’s Non-Employee Director Deferred Compensation Plan.

How were the deferred compensation units for the Fiserv director calculated?

The 484 notional units were calculated by dividing $32,500 of deferred director compensation by the Fiserv common stock closing price of $67.17 per share on December 31, 2025.

What does each Fiserv deferred compensation notional unit represent?

Each deferred compensation notional unit represents the right to receive one share of Fiserv common stock, to be settled on a one-for-one basis after the director’s service with the company ends.

How many Fiserv deferred compensation units does the director own after this transaction?

After this transaction, the director beneficially owns 1,606 derivative securities described as deferred compensation notional units, held directly.

What plan governs the Fiserv director’s deferred compensation units?

The units were allocated under the Fiserv, Inc. Non-Employee Director Deferred Compensation Plan, which allows directors to defer cash fees in exchange for notional units linked to Fiserv common stock.

What is the transaction date reported for the Fiserv director’s deferred compensation?

The transaction date reported for the crediting of the deferred compensation notional units is December 31, 2025.

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Accepted by SEC EDGAR 01/05/2026 - 06:25 PM Learn about SEC filing dates

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^*

Gopal Ajei

(Last) (First) (Middle)

600 N. VEL R. PHILLIPS AVENUE

(Street)

MILWAUKEE WI 53203

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
FISERV INC [ FISV ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

3. Date of Earliest Transaction (Month/Day/Year)
12/31/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

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

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Deferred Compensation Notional Units	(1)	12/31/2025		A		484		(1)	(1)	Common Stock	484	$67.17(1)	1,606	D

Explanation of Responses:

1. These deferred compensation notional units were allocated under the Fiserv, Inc. Non-Employee Director Deferred Compensation Plan (the "Plan"), under which director fees otherwise payable in cash may be deferred in exchange for the allocation of notional units under the Plan. This Form 4 reports the crediting of units under the Plan on December 31, 2025, in respect of $32,500 of deferred compensation. The number of notional units credited is calculated by dividing the amount of compensation that is deferred by the closing price of the company's common stock on the date of deferral, or last business day prior. On December 31, 2025, the closing price of Fiserv's common stock was $67.17 per share. Following cessation of the reporting person's service to the company, each notional unit will be settled in shares of Fiserv common stock on a one-for-one basis.

Remarks:

	/s/ Eric C. Nelson (attorney-in-fact)	01/05/2026
	** 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.