Shift4 (FOUR) CFO Withholds 27,202 Shares for Taxes, Retains 140K Stake

Shift4 Payments (FOUR) CFO Nancy Disman filed a Form 4 reporting a tax-related share withholding (transaction code F) on 08/05/2025.

Rhea-AI Filing Summary

Shift4 Payments (FOUR) CFO Nancy Disman filed a Form 4 reporting a tax-related share withholding (transaction code F) on 08/05/2025. To cover payroll taxes on the final vesting tranche of RSUs granted 08/05/2022, 27,202 Class A common shares were automatically withheld at an implied price of $102.20 per share. After the transaction, Disman directly owns 140,420 shares.

No open-market purchases or sales, option exercises, or derivative trades were disclosed. This routine administrative action leaves the CFO with a sizable equity stake and carries minimal fundamental or sentiment impact for investors.

Positive

• CFO retains 140,420 shares, underscoring continued insider alignment with shareholders.

Negative

• 27,202 shares withheld lowers insider ownership by roughly 16 %, though solely for tax obligations.

Insights

Financial Analyst

Routine tax withholding; neutral share signal; limited market impact.

The F-code transaction shows shares surrendered solely to satisfy withholding on vested RSUs, not a discretionary sale. Disman’s post-vest holding of 140,420 shares—about 84 % of her prior position—maintains insider alignment. The share reduction is immaterial to float and trading volume, so price effects should be negligible. Overall, the filing is informational rather than directional; investors should watch for future open-market moves or new 10b5-1 plans for clearer insight.

Insider Trade Summary

Exercise Price or Tax Liability: 27,202 shares

Exercise Price or Tax Liability 1 txn

Insider Disman Nancy

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Class A Common Stock	27,202	$102.20	$2.78M

Holdings After Transaction: Class A Common Stock — 140,420 shares (Direct)

Footnotes (1)

1. F1. These shares were withheld for payment of the withholding taxes upon the vesting of the last installment of restricted stock units granted to the Reporting Person on August 5, 2022 pursuant to her employment agreement.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many Shift4 (FOUR) shares did CFO Nancy Disman dispose of?

She had 27,202 shares withheld to cover payroll taxes on vested RSUs.

What transaction code appears in the Form 4 for this activity?

The filing uses code F, indicating tax withholding on equity vesting.

At what price were the withheld Shift4 shares valued?

The shares were valued at approximately $102.20 each.

How many shares does the CFO own after the transaction?

Disman now directly owns 140,420 Class A common shares.

Was this an open-market sale by Shift4's CFO?

No. The shares were automatically withheld for taxes; no open-market sale occurred.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 08/07/2025 - 08:58 PM Learn about SEC filing dates

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^*

Disman Nancy

(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)
	Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/05/2025

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	08/05/2025		F		27,202(1)	D	$102.2	140,420	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. These shares were withheld for payment of the withholding taxes upon the vesting of the last installment of restricted stock units granted to the Reporting Person on August 5, 2022 pursuant to her employment agreement.

	/s/ Jordan Frankel, Attorney-in-Fact for Nancy Disman	08/07/2025
	** 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.