[Form 4] FISERV INC Insider Trading Activity

Rhea-AI Filing Summary

Lance M. Fritz, a director of Fiserv, Inc. (FI), was credited with 291 deferred-compensation notional units on 09/30/2025 under the company's Non-Employee Director Deferred Compensation Plan in respect of $37,500 of fees deferred. The notional units were calculated using the $128.93 closing price of Fiserv common stock on that date and will be settled one-for-one in shares of Fiserv common stock following cessation of Mr. Fritz’s service. After this allocation, the filing reports 1,234 shares of common stock beneficially owned by the reporting person. The Form 4 was signed by an attorney-in-fact on 10/02/2025.

Positive

• 291 notional units credited, converting to equity later, indicating deferred compensation alignment with shareholder value
• Deferral amount of $37,500 was calculated using the $128.93 closing price on 09/30/2025, showing a transparent conversion method

Negative

• None.

Insights

Corporate Governance Analyst

Director deferred $37,500 into 291 notional units on 09/30/2025.

This filing shows a standard director-compensation election under the Non-Employee Director Deferred Compensation Plan: fees that would have been paid in cash were instead converted into 291 notional units based on the $128.93 closing share price. That mechanism aligns pay with equity value without an immediate cash outlay.

The filing discloses a post-transaction beneficial ownership of 1,234 shares and states the units will convert one-for-one to common shares after the director leaves service, which creates a deferred equity stake tied to future share settlement.

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).

1. Name and Address of Reporting Person^*

FRITZ LANCE M

(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		291		(1)	(1)	Common Stock	291	$128.93(1)	1,234	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 $37,500 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 did Fiserv director Lance M. Fritz report on Form 4 (FI)?

The Form 4 reports the crediting of 291 deferred-compensation notional units on 09/30/2025 in respect of $37,500 of deferred fees.

How was the number of notional units calculated?

The units were calculated by dividing the deferred amount ($37,500) by the closing share price of $128.93 on the date of deferral, yielding 291 units.

When will the notional units convert to Fiserv common stock?

The Form states 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.

How many shares does the reporting person beneficially own after this transaction?

The filing reports 1,234 shares of Fiserv common stock beneficially owned following the credited notional units.

Who signed the Form 4 and when was it filed?

The Form 4 was signed by an attorney-in-fact, Eric C. Nelson, and dated 10/02/2025.