Durable Capital Partners amended its Schedule 13G/A to report beneficial ownership of Class A common stock of Shift4 Payments, Inc. The filing states Durable Capital Master Fund LP directly holds 6,165,793 shares, equal to 7.6% of the class based on 81,239,315 shares outstanding as of February 19, 2026.
The Reporting Person asserts sole voting and sole dispositive power over the shares and identifies related entities and personnel in the filing.
Positive
None.
Negative
None.
Insights
Durable Capital reports a 7.6% stake in Shift4 via a single master fund.
Durable Capital Master Fund LP directly holds 6,165,793 shares of Class A common stock, representing 7.6% of the reported Shares outstanding of 81,239,315 as of February 19, 2026. The filing records sole voting and dispositive power.
Cash‑flow treatment is not stated in the excerpt. Subsequent Form 13D/13G amendments or equity disclosures would show any change in position.
The amendment clarifies beneficial ownership and the reporting chain for regulatory purposes.
The Schedule 13G/A lists Durable Capital Partners as the reporting person and names Durable Capital Master Fund LP as the direct holder, with Durable Capital Partners GP LLC and Henry Ellenbogen noted in the control chain. The filing is signed and dated 05/15/2026.
Investors can expect future amendments if ownership or voting/dispositive arrangements change; timing is not provided in the excerpt.
Key Figures
Shares beneficially owned:6,165,793 sharesPercent of class:7.6%Shares outstanding used:81,239,315 shares
3 metrics
Shares beneficially owned6,165,793 sharesDirect holdings by Durable Capital Master Fund LP
Percent of class7.6%Calculated from 81,239,315 shares outstanding as of February 19, 2026
Shares outstanding used81,239,315 sharesOutstanding Class A shares as of <date>February 19, 2026</date>
Key Terms
Schedule 13G/A, beneficially owned, sole dispositive power
3 terms
Schedule 13G/Aregulatory
"Amendment No. 6; reporting person Durable Capital Partners filed Schedule 13G/A"
A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.
beneficially ownedfinancial
"Amount beneficially owned: Durable Capital Master Fund LP directly holds 6,165,793 Shares"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
sole dispositive powerregulatory
"Sole Dispositive Power 6,165,793.00 is reported on the cover page rows"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 6)
Shift4 Payments, Inc.
(Name of Issuer)
Class A Common Stock, $0.0001 per share
(Title of Class of Securities)
82452J109
(CUSIP Number)
03/31/2026
(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)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
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
6,165,793.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
6,165,793.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
6,165,793.00
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)
7.6 %
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 81,239,315 outstanding shares of Class A Common Stock, $0.0001 per share (the "Shares") as of February 19, 2026, as reported in the Issuer's Form 10-K filed on February 27, 2026. Durable Capital Master Fund LP directly holds 6,165,793 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:
7.6 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
6165793
(ii) Shared power to vote or to direct the vote:
0
(iii) Sole power to dispose or to direct the disposition of:
6165793
(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.
What stake does Durable Capital report in Shift4 Payments (FOUR)?
Durable Capital reports beneficial ownership of 6,165,793 shares, representing 7.6% of Class A common stock. The percentage is calculated from 81,239,315 shares outstanding as of February 19, 2026 per the issuer's Form 10-K.
Which entity directly holds the reported Shift4 shares?
The filing states Durable Capital Master Fund LP directly holds the shares. Durable Capital Partners is the reporting person and is described as the investment adviser with sole voting and dispositive power.
Does the Schedule 13G/A list voting and dispositive power?
Yes; the filing reports the reporting person has sole power to vote and to dispose of 6,165,793 shares. Shared voting or dispositive power is reported as 0 in the cover-page rows referenced.
What outstanding share count does the filing use to calculate 7.6%?
The percentage is based on 81,239,315 shares outstanding as of February 19, 2026, cited from the issuer's Form 10-K filed on February 27, 2026. That figure is used to compute the reported 7.6% stake.
Who are the named control parties in the disclosure?
The filing names Durable Capital Partners GP LLC as the general partner and Henry Ellenbogen as chief investment officer and managing member, describing the reporting and control relationships in Item 4.
