Were Frankel Jordan’s share dispositions in Shift4 Payments (FOUR) open-market sales?

The reported share dispositions were for tax withholding, not open-market sales. Shares were withheld to pay taxes upon vesting of RSUs granted in 2023, 2024, and 2025, consistent with code F transactions.

Shift4 Payments (FOUR) insider granted 62,514 RSUs and withholds shares for taxes

Filing Impact

(Very High)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Shift4 Payments insider Frankel Jordan reported multiple equity transactions involving Class A Common Stock. On February 27, 2026, Jordan received a grant of 62,514 restricted stock units at $44.07 per share, which will vest in three equal annual installments beginning on February 27, 2027.

To cover withholding taxes on vesting RSUs from prior awards, the company withheld 2,750 shares at $58.49 on February 20, 2026, 3,199 shares at $44.07 on February 28, 2026, and 4,175 shares at $44.07 on March 2, 2026. After these transactions, Jordan directly owned 279,844 shares.

Insider Trade Summary

Net Buyer: 52,390 shares

Net Buy 4 txns

Insider Frankel Jordan

Role See Remarks

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Class A Common Stock	4,175	$44.07	$184K
Exercise Price or Tax Liability	Class A Common Stock	3,199	$44.07	$141K
Grant/Award	Class A Common Stock	62,514	$44.07	$2.75M
Exercise Price or Tax Liability	Class A Common Stock	2,750	$58.49	$161K

Holdings After Transaction: Class A Common Stock — 279,844 shares (Direct)

Footnotes (4)

F1. These shares were withheld for payment of the withholding taxes upon the vesting of the restricted stock units granted to the Reporting Person on February 20, 2025.
F2. Represents an award of restricted stock units, which will vest in three equal annual installments beginning on February 27, 2027.
F3. These shares were withheld for payment of the withholding taxes upon the vesting of the restricted stock units granted to the Reporting Person on February 29, 2024.
F4. These shares were withheld for payment of the withholding taxes upon the vesting of the restricted stock units granted to the Reporting Person on March 2, 2023.

FAQ

What did Shift4 Payments (FOUR) insider Frankel Jordan report in this Form 4?

Frankel Jordan reported a grant of 62,514 restricted stock units and several share dispositions for tax withholding. All transactions involved Shift4 Payments Class A Common Stock and were reported as direct ownership changes.

How many restricted stock units did Frankel Jordan receive from Shift4 Payments (FOUR)?

Frankel Jordan received 62,514 restricted stock units of Shift4 Payments Class A Common Stock at $44.07 per share. The award will vest in three equal annual installments beginning on February 27, 2027, subject to the grant terms.

When will Frankel Jordan’s new RSU award from Shift4 Payments (FOUR) vest?

The 62,514 restricted stock units will vest in three equal annual installments starting on February 27, 2027. One-third of the award vests each year thereafter, according to the reported vesting schedule.

How many Shift4 Payments (FOUR) shares were withheld for taxes in these transactions?

A total of 10,124 shares were withheld for taxes across three dates: 2,750 shares at $58.49, 3,199 shares at $44.07, and 4,175 shares at $44.07. Each relates to vesting of earlier RSU grants.

What is Frankel Jordan’s direct ownership in Shift4 Payments (FOUR) after these Form 4 transactions?

After the most recent reported transaction on March 2, 2026, Frankel Jordan directly owned 279,844 shares of Shift4 Payments Class A Common Stock, as stated in the filing’s ownership table.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 03/04/2026 - 04:05 PM

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^*

Frankel Jordan

(Last)

(First)

(Middle)

3501 CORPORATE PARKWAY

(Street)

CENTER VALLEY

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)
02/20/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	02/20/2026		F		2,750⁽¹⁾	D	$58.49	224,704	D
Class A Common Stock	02/27/2026		A		62,514⁽²⁾	A	$44.07	287,218	D
Class A Common Stock	02/28/2026		F		3,199⁽³⁾	D	$44.07	284,019	D
Class A Common Stock	03/02/2026		F		4,175⁽⁴⁾	D	$44.07	279,844	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. These shares were withheld for payment of the withholding taxes upon the vesting of the restricted stock units granted to the Reporting Person on February 20, 2025.

2. Represents an award of restricted stock units, which will vest in three equal annual installments beginning on February 27, 2027.

3. These shares were withheld for payment of the withholding taxes upon the vesting of the restricted stock units granted to the Reporting Person on February 29, 2024.

4. These shares were withheld for payment of the withholding taxes upon the vesting of the restricted stock units granted to the Reporting Person on March 2, 2023.

Remarks:

Chief Legal Officer

	/s/ Jordan Frankel	03/04/2026
	** 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.

Source: View Original Filing on SEC EDGAR