FOUR Insider Filing: 794-Share Sale and 150-Share Gift by CFO

Rhea-AI Filing Summary

James J. Whalen, Chief Accounting Officer and Principal Accounting Officer of Shift4 Payments (FOUR), reported two transactions in Class A common stock on 08/15/2025: a sale of 794 shares at $89.895 and a gift of 150 shares (no consideration). After these transactions he beneficially owned 56,174 shares directly. The Form 4 was signed by an attorney-in-fact on his behalf.

Insights

Financial Analyst

TL;DR: Insider executed a small sale and a gift; holdings remain largely unchanged, suggesting routine liquidity not a material signal.

The reported sale of 794 shares and gift of 150 shares represent a small fraction of the reporting person’s total direct holdings of 56,324 prior to the gift and 56,174 after the transactions. Transaction prices and quantities are explicitly disclosed; there is no derivative activity reported. Given the modest scale relative to total holdings, this filing appears routine and not materially value-driving for investors.

Corporate Governance Expert

TL;DR: Transactions are routine insider activity; gift should be monitored for related-party transfers but lacks materiality here.

The filing identifies the reporting person as an officer and director who executed a small open-market sale and a gift. The gift (coded G) is disclosed with zero consideration, which is consistent with a bona fide transfer but lacks further detail on recipient or purpose. No amendments, plans, or derivative positions are reported that would indicate broader governance or compensation changes.

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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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^*

Whalen James J.

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
08/15/2025

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	08/15/2025		S		794	D	$89.895	56,324	D
Class A Common Stock	08/15/2025		G		150	D	$0	56,174	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:

Remarks:

Chief Accounting Officer & Principal Accounting Officer

	/s/ Jordan Frankel, Attorney-in-Fact for James J. Whalen	08/19/2025
	** 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

What transactions did James J. Whalen report on the Form 4 for FOUR?

He reported a sale of 794 Class A shares at $89.895 and a gift of 150 Class A shares on 08/15/2025.

How many Shift4 (FOUR) shares did the reporting person own after the transactions?

Following the reported transactions the reporting person beneficially owned 56,174 Class A shares (direct).

What is the reporting person’s role at Shift4 Payments?

The filing lists the reporting person as Chief Accounting Officer & Principal Accounting Officer and as an officer/director.

Was any derivative or option activity reported by the insider?

No. Table II for derivative securities shows no derivative or option transactions reported in this filing.

Who signed the Form 4 submission?

The form was signed by Jordan Frankel, Attorney-in-Fact for James J. Whalen on behalf of the reporting person.