[Form 4] Shift4 Payments, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Jared Isaacman, Executive Chairman, Director and indicated 10% owner of Shift4 Payments (FOUR), purchased a total of 196,426 shares of Class A common stock across two transactions. On 08/08/2025 he acquired 91,721 shares at a weighted-average price of $81.9021 (individual trades ranged $81.3723–$82.3267). On 08/11/2025 he acquired 104,705 shares at a weighted-average price of $83.6067 (individual trades ranged $83.20–$83.9902).

Following these purchases the reporting person’s direct beneficial ownership increased to 939,715 shares. The Form 4 discloses no derivative transactions; the purchases are reported as direct holdings.

Positive

• Insider purchases totaling 196,426 Class A shares, showing an increase in direct ownership.
• Direct beneficial ownership increased to 939,715 shares after the reported transactions.
• Weighted-average prices and trade price ranges disclosed for both purchase events, improving transparency.
• Transactions reported as direct purchases with no derivative activity disclosed in this Form 4.

Negative

• None.

Insights

Securities Analyst

TL;DR: The Executive Chairman materially increased direct holdings by 196,426 Class A shares, disclosed at clear weighted-average prices.

The filings show two separate purchase events that raise Jared Isaacman’s direct ownership to 939,715 Class A shares. The Form 4 provides weighted-average prices and disclosed price ranges for the underlying trades, which supports transparency on execution. For investors, the concrete change in insider ownership and the absence of associated derivative activity are relevant, measurable facts for ownership disclosure and monitoring.

Corporate Governance Expert

TL;DR: Insider purchases by a director/10% owner are governance-relevant and increase his direct stake; transactions are documented with price ranges.

The Form 4 identifies the reporting person as Executive Chairman, Director and 10% owner and reports direct purchases rather than derivative exercises or transfers. The filing includes weighted-average prices and explicit price ranges, and shows an increase in reported direct beneficial ownership to 939,715 shares. From a governance standpoint, these transactions are properly reported and increase the chair’s direct equity stake.

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
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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^*

Isaacman Jared

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

3. Date of Earliest Transaction (Month/Day/Year)
08/08/2025

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	08/08/2025		P		91,721	A	$81.9021(1)	835,010	D
Class A Common Stock	08/11/2025		P		104,705	A	$83.6067(2)	939,715	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. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $81.3723 to $82.3267, 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 purchased at each separate purchase price within the range set forth in this footnote.

2. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $83.20 to $83.9902, 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 purchased at each separate purchase price within the range set forth in this footnote.

	/s/ Jordan Frankel, Attorney-in-Fact for Jared Isaacman	08/11/2025
	** 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

How many shares did Jared Isaacman purchase according to the Form 4 for FOUR?

He purchased a total of 196,426 Class A shares across two transactions: 91,721 and 104,705 shares.

At what prices were the Shift4 (FOUR) purchases executed?

The 08/08/2025 purchases had a weighted-average price of $81.9021 (range $81.3723–$82.3267). The 08/11/2025 purchases had a weighted-average price of $83.6067 (range $83.20–$83.9902).

What is Jared Isaacman’s role and ownership status in Shift4 as reported?

He is reported as Executive Chairman, a Director, and a 10% owner of Shift4 Payments, Inc.

What was Jared Isaacman’s direct beneficial ownership after these transactions?

The Form 4 reports direct beneficial ownership of 939,715 shares following the purchases.

Did the Form 4 report any derivative securities (options, warrants, etc.) for Jared Isaacman?

No. Table II for derivative securities contains no reported transactions; only direct Class A share purchases are disclosed.