Shift4 Payments (NYSE: FOUR) CEO discloses December 2025 share sales

Rhea-AI Filing Summary

Shift4 Payments Chief Executive Officer and director David Taylor Lauber reported open-market sales of the company’s Class A common stock. On December 11, 2025, he sold 10,681 shares at a weighted average price of $68.9084 per share and a further 1,319 shares at a weighted average price of $69.7653 per share. After these transactions, he directly beneficially owns 273,588 shares of Class A common stock.

The footnotes state that on December 2, 2025, Lauber terminated Rule 10b5-1 trading plans adopted in November 2024 and August 2025 that had been scheduled to trade during the company’s notes offering, and that the reported sales were executed in the open market so as not to coincide with that offering. He then entered a new Rule 10b5-1 trading plan on December 12, 2025 for trading between March 16, 2026 and March 16, 2027.

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).

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^*

Lauber David Taylor

(Last) (First) (Middle)

3501 CORPORATE PARKWAY

(Street)

CENTER VALLEY PA 18034

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Shift4 Payments, Inc. [ FOUR ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
12/11/2025

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
Class A Common Stock	12/11/2025		S(1)		10,681	D	$68.9084(2)	274,907	D
Class A Common Stock	12/11/2025		S(1)		1,319	D	$69.7653(3)	273,588	D

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

Explanation of Responses:

1. On December 2, 2025, the Reporting Person terminated his Rule 10b5-1 trading plans adopted in November of 2024 and August of 2025, which were scheduled to trade during the Issuer's launch of a notes offering. The sales reported in this Form 4 were executed in the open market so as not to coincide with the Issuer's notes offering. The Reporting Person entered into a new Rule 10b5-1 trading plan on December 12, 2025, for purposes of trading from March 16, 2026 to March 16, 2027.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $68.41 to $69.40, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $69.45 to $69.95, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

	/s/ Jordan Frankel, Attorney-in-Fact for David Taylor Lauber	12/15/2025
	** 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.
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FAQ

What insider transaction did Shift4 Payments (FOUR) disclose on December 11, 2025?

Shift4 Payments reported that its Chief Executive Officer and director, David Taylor Lauber, sold Class A common stock in two open-market transactions on December 11, 2025.

How many Shift4 Payments (FOUR) shares did the CEO sell and at what prices?

On December 11, 2025, Lauber sold 10,681 shares at a weighted average price of $68.9084 and 1,319 shares at a weighted average price of $69.7653, all as Class A common stock.

How many Shift4 Payments (FOUR) shares does the CEO own after the reported sales?

Following the reported December 11, 2025 transactions, David Taylor Lauber directly beneficially owns 273,588 shares of Shift4 Payments Class A common stock.

Were the Shift4 Payments (FOUR) CEO’s sales part of a Rule 10b5-1 trading plan?

The footnotes state that Lauber terminated Rule 10b5-1 trading plans on December 2, 2025, and that the sales reported here were executed in the open market so as not to coincide with the company’s notes offering.

Did the Shift4 Payments (FOUR) CEO adopt a new Rule 10b5-1 trading plan?

Yes. The disclosure notes that David Taylor Lauber entered into a new Rule 10b5-1 trading plan on December 12, 2025, covering trading from March 16, 2026 to March 16, 2027.

What additional price information is provided for the Shift4 Payments (FOUR) stock sales?

The filing explains that the reported prices are weighted averages. For the first sale, individual trades occurred between $68.41 and $69.40. For the second sale, trades occurred between $69.45 and $69.95.