[Form 4] FISERV INC Insider Trading Activity

Rhea-AI Filing Summary

Fiserv, Inc. director Gopal Ajei deferred $32,500 of non‑employee director fees under the company's Deferred Compensation Plan, resulting in the allocation of 253 notional units on 09/30/2025. Each notional unit is settled one‑for‑one into shares when the reporting person ceases service. The allocation used the closing share price of $128.93 on the deferral date; after this transaction the reporting person beneficially owned 1,122 shares (directly). The Form 4 was signed by an attorney‑in‑fact on 10/02/2025.

Insights

Corporate Governance Analyst

Director deferred cash compensation into 253 notional units worth $32,500 on 09/30/2025.

The filing confirms a routine director election to defer cash fees under the Fiserv Non‑Employee Director Deferred Compensation Plan, converting $32,500 into 253 notional units using the $128.93 closing price. These units will convert one‑for‑one into common shares upon cessation of service.

This is administrative and not a cash purchase or sale of stock; it increases the director's reported beneficial ownership to 1,122 shares and signals alignment of compensation with equity without immediate market trading.

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

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

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 [ FI ]

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)
09/30/2025

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)	09/30/2025		A		253		(1)	(1)	Common Stock	253	$128.93(1)	1,122	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 September 30, 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 September 30, 2025, the closing price of Fiserv's common stock was $128.93 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)	10/02/2025
	** 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.

FAQ

What transaction did Gopal Ajei report on Form 4 for Fiserv (FI)?

He reported deferring $32,500 of director compensation into 253 notional units under the Non‑Employee Director Deferred Compensation Plan on 09/30/2025.

How was the number of notional units determined?

The number was calculated by dividing the deferred amount ($32,500) by the closing price of Fiserv common stock on the deferral date ($128.93), resulting in 253 units.

Will the notional units convert to actual shares?

Yes. Each notional unit will be settled in shares of Fiserv common stock on a one‑for‑one basis following cessation of the reporting person's service.

What is the reporting person's total beneficial ownership after the transaction?

Following the allocation, the reporting person beneficially owned 1,122 shares (directly), as stated on the Form 4.

When was the Form 4 signed and filed?

The signature (by attorney‑in‑fact Eric C. Nelson) is dated 10/02/2025 and the transaction date is 09/30/2025.