FOUR insider sale notice: 5,000 RSU shares to be sold via Merrill Lynch

Rhea-AI Filing Summary

Shift4 Payments, Inc. Form 144 notice reports a proposed sale of 5,000 Class A common shares through Merrill Lynch with an aggregate market value of $436,403.85, representing part of the company's publicly traded stock (there are 67,291,183 shares outstanding). The shares were acquired on 08/05/2025 upon vesting of restricted stock units granted under the issuer's equity compensation plan and the approximate sale date is listed as 09/15/2025. The filing also discloses a prior sale by Nancy Disman of 10,000 shares on 06/16/2025 for $903,319.17. The filer certifies they are unaware of undisclosed material adverse information.

Insights

Securities Analyst

TL;DR Routine insider sale notification: small to mid-size equity sale from vested RSUs, disclosed per Rule 144; appears procedural, not material.

This Form 144 notifies the market of an intended sale of 5,000 Class A shares acquired on vesting of restricted stock units and slated for sale via Merrill Lynch. The transaction size (aggregate value ~$436k) is modest relative to total outstanding shares (67.29 million), and the filer also reported a prior sale of 10,000 shares generating ~$903k. From a compliance standpoint, the filing meets Rule 144 reporting requirements by identifying acquisition date, nature (equity compensation), broker, and planned sale date.

Corporate Governance Expert

TL;DR Disclosure aligns with insider reporting norms; no governance red flags are evident from the notice alone.

The notice states the shares were granted under the issuer's equity compensation plan and were vested on 08/05/2025, with sales to be executed through a named broker. The representation that the signer lacks undisclosed material adverse information is standard. There is no indication in this filing of trading-plan adoption dates or 10b5-1 reliance, and no other governance issues are disclosed.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Class A Common Stock	Merrill Lycnh 225 Liberty St Floor 37 New York NY 10281	5000	436403.85	67291183	09/15/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Class A Common Stock	08/05/2025	Vesting of restricted stock unit award	Shift4 Payments, Inc.			5000	08/05/2025	Granted as part of issuer equity compensation plan

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Nancy Disman 3501 CORPORATE PARKWAY CENTER VALLEY PA 18034	Class A Common Stock	06/16/2025	10000	903319.17

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does Shift4 Payments (FOUR) Form 144 disclose?

It discloses a proposed sale of 5,000 Class A shares (aggregate value $436,403.85) acquired via RSU vesting on 08/05/2025 with an approximate sale date of 09/15/2025.

Who is the broker named on the Form 144 for FOUR?

Merrill Lynch (225 Liberty St, Floor 37, New York, NY) is listed as the broker for the proposed sale.

Were there any recent prior sales by the same person disclosed?

Yes. The filing lists a prior sale by Nancy Disman of 10,000 shares on 06/16/2025 for gross proceeds of $903,319.17.

How were the 5,000 shares acquired according to the filing?

They were acquired on vesting of restricted stock unit awards granted as part of Shift4 Payments' equity compensation plan, with acquisition and payment dated 08/05/2025.

Does the filer assert knowledge of any undisclosed material information?

The filer represents by signing the notice that they do not know of any material adverse information about the issuer that has not been publicly disclosed.