Durable Capital holds 9.8% stake in Shift4 Payments (FOUR)

Rhea-AI Filing Summary

Durable Capital Partners reported a significant ownership stake in Shift4 Payments, Inc. through an amended Schedule 13G. The investment adviser is deemed to beneficially own 6,606,969 shares of Class A common stock, representing 9.8% of the class, based on 67,564,638 shares outstanding as of October 31, 2025.

The filing notes that the shares are held in an investment fund advised by Durable Capital and that Durable Capital has sole voting and dispositive power over these shares. The stake is described as being held in the ordinary course of business, without an intent to change or influence control of Shift4 Payments.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 5)

Shift4 Payments, Inc.

(Name of Issuer)

Class A Common Stock, $0.0001 per share

(Title of Class of Securities)

82452J109

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 82452J109

1

Names of Reporting Persons

Durable Capital Partners LP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 6,606,969.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 6,606,969.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

6,606,969.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

9.8 %

12

Type of Reporting Person (See Instructions)

IA, PN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Shift4 Payments, Inc.
(b)	Address of issuer's principal executive offices: 3501 Corporate Pkwy, Center Valley, Pennsylvania 18034
Item 2.
(a)	Name of person filing: Durable Capital Partners LP
(b)	Address or principal business office or, if none, residence: 4747 Bethesda Avenue, Suite 1002, Bethesda, Maryland 20814
(c)	Citizenship: The Reporting Person is a limited partnership organized under the laws of the State of Delaware.
(d)	Title of class of securities: Class A Common Stock, $0.0001 per share
(e)	CUSIP No.: 82452J109
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: The information required by this item with respect to the Reporting Person is set forth in Rows 5 through 9 and 11 of the cover page to this Schedule 13G. The ownership percentages reported are based on 67,564,638 outstanding shares of Class A Common Stock, $0.0001 per share (the "Shares") as of October 31, 2025, as reported in the Issuer's Form 10-Q filed on November 6, 2025. Durable Capital Master Fund LP directly holds 6,606,969 Shares. The Reporting Person, as the investment adviser to Durable Capital Master Fund LP, has sole power to direct the vote and disposition of the Shares. Durable Capital Partners GP LLC ("Durable GP") is the general partner of the Reporting Person, and Henry Ellenbogen is the chief investment officer of the Reporting Person and the managing member of Durable GP.
(b)	Percent of class: 9.8 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 6606969
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 6606969
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. See disclosure of relationships among parties under Item 4. The economic benefits of the Shares are shared based on agreements among the parties.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See control and Shares holding disclosure in Item 4.
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Durable Capital Partners LP

Signature:	/s/ Julie Jack
Name/Title:	Julie Jack, Authorized Person
Date:	02/17/2026

FAQ

What ownership stake in Shift4 Payments (FOUR) does Durable Capital report?

Durable Capital Partners reports beneficial ownership of 6,606,969 Shift4 Payments Class A shares, representing 9.8% of the outstanding class. This percentage is calculated using 67,564,638 shares outstanding as of October 31, 2025, as disclosed in Shift4’s Form 10-Q.

What type of filing did Durable Capital submit for Shift4 Payments (FOUR)?

Durable Capital submitted an amended Schedule 13G/A, which is used to report large, generally passive ownership stakes. The filing updates its beneficial ownership information in Shift4 Payments’ Class A common stock as of the specified measurement and event dates.

Who directly holds the Shift4 Payments (FOUR) shares reported by Durable Capital?

The filing states that Durable Capital Master Fund LP directly holds the 6,606,969 Shift4 Payments shares. Durable Capital Partners acts as the investment adviser to this fund and has sole power to direct the voting and disposition of the reported shares.

Does Durable Capital seek to influence control of Shift4 Payments (FOUR)?

The filing certifies that the Shift4 Payments shares were acquired and are held in the ordinary course of business. It also states they were not acquired and are not held for the purpose or effect of changing or influencing control of Shift4 Payments.

What level of voting and dispositive power does Durable Capital have over Shift4 Payments (FOUR) shares?

Durable Capital reports sole voting power and sole dispositive power over 6,606,969 Shift4 Payments Class A shares. It reports no shared voting or shared dispositive power, indicating exclusive authority to vote and direct the disposition of the reported stake.

How was Durable Capital’s 9.8% ownership in Shift4 Payments (FOUR) calculated?

The 9.8% ownership figure is based on 6,606,969 shares beneficially owned compared with 67,564,638 outstanding Class A shares. That outstanding share count comes from Shift4 Payments’ Form 10-Q, which reported shares outstanding as of October 31, 2025.