Major holder Jared Isaacman boosts Shift4 (NYSE: FOUR) stake with 388,500-share buy

Rhea-AI Filing Summary

Shift4 Payments, Inc. major shareholder Jared Isaacman reported open-market purchases of Class A Common Stock. He bought 195,500 shares on May 11 at a weighted average price of $41.4058 per share and 193,000 shares on May 12 at a weighted average price of $40.6646 per share, totaling 388,500 shares. Following these direct purchases, he holds 1,787,455 shares directly. Entities associated with him also hold 20,750,915 shares through Rook, for which he may be deemed a beneficial owner, and 171,822 shares in UTMA accounts for Mila and Liv A. Isaacman, for which he disclaims beneficial ownership.

Insights

Insider trading analyst

Large net insider share purchases signal increased direct equity exposure but sit alongside sizable existing holdings.

Major shareholder Jared Isaacman executed two open-market purchases totaling 388,500 shares of Shift4 Payments Class A stock at weighted average prices around $41 per share. These are discretionary buys, not option exercises or tax-related events, and therefore carry stronger informational content.

After these transactions, Isaacman holds 1,787,455 shares directly, alongside 20,750,915 shares held through Rook where he may be deemed a beneficial owner. An additional 171,822 shares are held in UTMA accounts for Mila and Liv A. Isaacman, for which he disclaims beneficial ownership. This filing shows increased direct ownership on top of large pre-existing positions.

Insider Trade Summary

Net Buyer: 388,500 shares ($15,943,102)

Net Buy 4 txns

Insider Isaacman Jared

Role null

Bought 388,500 shs ($15.94M)

Type	Security	Shares	Price	Value
Purchase	Class A Common Stock	193,000	$40.6646	$7.85M
Purchase	Class A Common Stock	195,500	$41.4058	$8.09M
holding	Class A Common Stock	--	--	--
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Class A Common Stock — 1,787,455 shares (Direct, null); Class A Common Stock — 20,750,915 shares (Indirect, See footnote)

Footnotes (1)

1. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $40.6231 to $ 41.6762, 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. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $39.6539 to $41.5200, 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. Securities held of record by Rook. The Reporting Person is the sole stockholder of Rook and therefore may be deemed to have beneficial ownership with respect to such securities. Held by Jared Isaacman C/F Mila and Liv A. Isaacman UTMA. The reporting person disclaims beneficial ownership of these shares.

Key Figures

May 11 purchase: 195,500 shares at $41.4058 May 12 purchase: 193,000 shares at $40.6646 Total shares bought: 388,500 shares +3 more

6 metrics

May 11 purchase 195,500 shares at $41.4058 Open-market purchase of Class A Common Stock on May 11, 2026

May 12 purchase 193,000 shares at $40.6646 Open-market purchase of Class A Common Stock on May 12, 2026

Total shares bought 388,500 shares Net open-market purchases reported in this Form 4

Direct holdings after 1,787,455 shares Direct Class A holdings following the May 12, 2026 purchase

Rook holdings 20,750,915 shares Shares held of record by Rook, may be deemed beneficially owned

UTMA holdings 171,822 shares Shares held in UTMA accounts for Mila and Liv A. Isaacman; beneficial ownership disclaimed

Key Terms

open-market purchase, weighted average price, beneficial ownership, UTMA, +1 more

5 terms

open-market purchase financial

"transaction_action": "open-market purchase""

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

weighted average price financial

"The price reported in Column 4 is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

beneficial ownership financial

"therefore may be deemed to have beneficial ownership with respect to such securities."

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

UTMA financial

"Held by Jared Isaacman C/F Mila and Liv A. Isaacman UTMA."

major shareholder financial

"is_ten_percent_owner": 1"

Form 4 Insider Transactions: What Each Field Means →

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).

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 PENNSYLVANIA 18034

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/11/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	05/11/2026		P		195,500	A	$41.4058(1)	1,594,455	D
Class A Common Stock	05/12/2026		P		193,000	A	$40.6646(2)	1,787,455	D
Class A Common Stock								20,750,915	I	See footnote(3)
Class A Common Stock								171,822	I	See footnote(4)

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 $40.6231 to $ 41.6762, 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.

2. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $39.6539 to $41.5200, 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. Securities held of record by Rook. The Reporting Person is the sole stockholder of Rook and therefore may be deemed to have beneficial ownership with respect to such securities.

4. Held by Jared Isaacman C/F Mila and Liv A. Isaacman UTMA. The reporting person disclaims beneficial ownership of these shares.

	/s/ Jordan Frankel, Attorney-in-Fact for Jared Isaacman	05/13/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transactions did Jared Isaacman report for Shift4 Payments (FOUR)?

Jared Isaacman reported two open-market purchases of Shift4 Payments Class A Common Stock, totaling 388,500 shares. He bought 195,500 shares at a weighted average price of $41.4058 and 193,000 shares at a weighted average price of $40.6646 per share.

At what prices did the Shift4 Payments (FOUR) insider buy shares?

Isaacman’s purchases were made at weighted average prices of $41.4058 and $40.6646 per share. Footnotes explain these were executed in multiple trades within price ranges from about $39.6539 to $41.6762, with full trade-level details available upon request.

How many Shift4 Payments shares does Jared Isaacman hold directly after these trades?

After the reported open-market purchases, Jared Isaacman directly holds 1,787,455 shares of Shift4 Payments Class A Common Stock. This figure reflects his direct ownership only and excludes shares held through entities or custodial accounts mentioned separately.

What are Rook’s holdings in Shift4 Payments (FOUR) and Isaacman’s relationship to them?

Rook holds 20,750,915 shares of Shift4 Payments Class A Common Stock. The filing notes that securities are held of record by Rook and Isaacman is Rook’s sole stockholder, so he may be deemed to have beneficial ownership with respect to these securities.

What Shift4 Payments shares are held for Mila and Liv A. Isaacman and how are they treated?

Accounts titled “Jared Isaacman C/F Mila and Liv A. Isaacman UTMA” hold 171,822 shares of Shift4 Payments Class A Common Stock. The filing states that the reporting person disclaims beneficial ownership of these shares, indicating they are treated as custodial holdings for the children.

Were the Shift4 Payments insider purchases routine grants or open-market buys?

The reported transactions are coded as “P”, meaning open-market or private purchases of Class A Common Stock. They are not option exercises, grants, gifts, or tax-withholding events, so they represent active buying decisions by the major shareholder.