FOUR Form 4: Isaacman Donates Shares, Cancels Class C Stock

Rhea-AI Filing Summary

Shift4 Payments insider Jared Isaacman reported charitable gifts and related cancellations of Class C shares on 09/08/2025. The filing shows Mr. Isaacman (Executive Chairman, 10% owner) donated 28,523 shares of Class A common stock to Renaissance Charitable Foundation, Inc., and 56,818 shares of Class A common stock to the U.S. Space & Rocket Center Education Foundation. Each gift was accompanied by the simultaneous cancellation of the same number of Class C common shares. The transactions were reported as dispositions with no cash price ($0). Post-transaction beneficial ownership amounts are reported as 1,138,562 and 1,081,744 shares (held of record by Rook Holdings, Inc., which Mr. Isaacman solely owns).

Positive

• Charitable donations disclosed: 28,523 and 56,818 Class A shares gifted to named foundations.
• No cash proceeds: Transactions reported with a price of $0, indicating gifts rather than sales.
• Transparent reporting: Form 4 includes explanation and signature by attorney-in-fact, meeting disclosure rules.

Negative

• Reduction in beneficial Class C holdings: Simultaneous cancellations decreased the reporting person's Class C share counts by 28,523 and 56,818 respectively.
• Potential voting/economic impact: Cancellations of Class C shares may modestly change insider voting/economic stakes (exact governance effect not detailed).

Insights

Financial Analyst

TL;DR: Insider donated shares, reducing his direct/indirect Class C holdings; transactions were charitable and non-cash.

The Form 4 discloses two charitable gifts on 09/08/2025 totaling 85,341 Class A shares, with simultaneous cancellation of an equal number of Class C shares. Reporting indicates no sale proceeds (price $0), so these are transfers for philanthropy rather than liquidity events. Beneficial ownership counts post-transaction are provided and the shares are held of record by Rook Holdings, Inc., which the reporting person solely owns; this clarifies indirect ownership attribution. For investors, these are non-operational, non-cash insider actions that slightly change ownership geometry but do not indicate a sale or company funding change.

Corporate Governance Expert

TL;DR: Gifts and simultaneous cancellations alter share class composition and marginally reduce the reporting person's beneficial stake.

The filing explicitly states charitable donations of Class A shares and simultaneous cancellations of equal Class C shares, which may modestly affect the insider's voting or economic interests tied to Class C stock depending on the company’s capitalization structure. The reporting person is identified as sole stockholder of Rook Holdings, Inc., explaining indirect holdings. The Form 4 is properly signed by an attorney-in-fact and discloses relationship (Executive Chairman, 10% owner), meeting Section 16 reporting requirements. No indications of agreements, sales, or compensatory transactions are present in the filing.

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^*

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)
09/08/2025

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 C Common Stock	09/08/2025		G(1)		28,523	D	$0	1,138,562	I	See footnote(2)
Class C Common Stock	09/08/2025		G(3)		56,818	D	$0	1,081,744	I	See footnote(2)

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 transaction reported shows the Reporting Person's charitable gift of 28,523 shares of the Issuer's Class A common stock to Renaissance Charitable Foundation, Inc. (and the simultaneous cancellation of the same number of shares of the Issuer's Class C Common stock).

2. Securities held of record by Rook Holdings, Inc. ("Rook"). The Reporting Person, Mr. Isaacman, is the sole stockholder of Rook and therefore may be deemed to have beneficial ownership with respect to such securities.

3. The transaction reported shows the Reporting Person's charitable gift of 56,818 shares of the Issuer's Class A common stock to the U.S. Space & Rocket Center Education Foundation (and the simultaneous cancellation of the same number of shares of the Issuer's Class C Common stock).

	/s/ Jordan Frankel, Attorney-in-Fact for Jared Isaacman	09/09/2025
	** 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 did Jared Isaacman report on the Form 4 for FOUR?

He reported charitable gifts on 09/08/2025: 28,523 and 56,818 Class A shares gifted with simultaneous cancellation of equal Class C shares.

Were any shares sold for cash in these transactions (FOUR)?

No. The transactions are reported with a price of $0, indicating gifts rather than sales.

Who received the donated shares reported on the Form 4?

Renaissance Charitable Foundation, Inc. received 28,523 shares and the U.S. Space & Rocket Center Education Foundation received 56,818 shares.

How does Jared Isaacman hold the remaining shares reported?

Indirectly through Rook Holdings, Inc. The Form states securities are held of record by Rook, of which Mr. Isaacman is the sole stockholder.

When were these transactions executed and reported?

Transaction date: 09/08/2025; Form signature date: 09/09/2025 by attorney-in-fact Jordan Frankel.