Searchlight Capital Partners II GP, LLC - May 5, 2021 Form 4 Insider Report for Shift4 Payments, Inc. (FOUR)

Role
10%+ Owner
Signature
Searchlight Capital Partners II GP, LLC, By: /s/ Andrew Frey, authorized person
Stock symbol
FOUR
Transactions as of
May 5, 2021
Transactions value $
-$12,867,659
Form type
4
Date filed
5/7/2021, 09:36 PM
Next filing
May 11, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FOUR Class A Common Stock Conversion of derivative security $0 +38.4K $0.00 38.4K May 5, 2021 See footnotes F1, F2
transaction FOUR Class B Common Stock Other $0 -38.4K -1.17% $0.00 3.25M May 5, 2021 See footnotes F2, F3, F4
transaction FOUR Class C Common Stock Conversion of derivative security $0 -44.5K -1.17% $0.00 3.77M May 5, 2021 See footnotes F2, F5
transaction FOUR Class A Common Stock Conversion of derivative security $0 +44.5K +115.98% $0.00 83K May 5, 2021 See footnotes F2, F6
transaction FOUR Class A Common Stock Sale -$1.38M -14.7K -17.71% $94.23 68.3K May 5, 2021 See footnote F2, F7, F8
transaction FOUR Class A Common Stock Sale -$5.45M -57.2K -83.81% $95.28 11.1K May 5, 2021 See footnote F2, F7, F9
transaction FOUR Class A Common Stock Sale -$1.06M -11.1K -100% $95.81 0 May 5, 2021 See footnote F2, F7, F10
transaction FOUR Class A Common Stock Conversion of derivative security $0 +26.7K $0.00 26.7K May 6, 2021 See footnotes F1, F2
transaction FOUR Class B Common Stock Other $0 -26.7K -0.82% $0.00 3.22M May 6, 2021 See footnotes F2, F3, F4
transaction FOUR Class C Common Stock Conversion of derivative security $0 -31K -0.82% $0.00 3.74M May 6, 2021 See footnotes F2, F5
transaction FOUR Class A Common Stock Conversion of derivative security $0 +31K +115.98% $0.00 57.7K May 6, 2021 See footnotes F2, F11
transaction FOUR Class A Common Stock Sale -$4.12M -48.4K -83.89% $85.10 9.3K May 6, 2021 See footnote F2, F7, F12
transaction FOUR Class A Common Stock Sale -$639K -7K -75.27% $91.22 2.3K May 6, 2021 See footnote F2, F7, F13
transaction FOUR Class A Common Stock Sale -$91.8K -1K -43.48% $91.84 1.3K May 6, 2021 See footnote F2, F7, F14
transaction FOUR Class A Common Stock Sale -$121K -1.3K -100% $92.90 0 May 6, 2021 See footnote F2, F7, F15

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction FOUR LLC Interests Conversion of derivative security $0 -38.4K -1.17% $0.00 3.25M May 5, 2021 Class A Common Stock 38.4K See footnotes F1, F2, F16
transaction FOUR LLC Interests Conversion of derivative security $0 -26.7K -0.82% $0.00 3.22M May 6, 2021 Class A Common Stock 26.7K See footnotes F1, F2, F16
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents securities held of record by Searchlight II GWN, L.P.
F2 Searchlight II GWN GP, LLC is the general partner of Searchlight II GWN, L.P. and may be deemed to share beneficial ownership over the securities held of record by Searchlight II GWN, L.P. Searchlight Capital Partners II GP, LLC is the general partner of Searchlight Capital Partners II GP, LP, which is the general partner of Searchlight Capital II PV, L.P., Searchlight Capital II, L.P. and the members of Searchlight II GWN GP, LLC. As such, each of Searchlight Capital Partners II GP, LLC and Searchlight Capital Partners II GP, LP may be deemed to share beneficial ownership over the securities held of record by each of Searchlight Capital II PV, L.P., Searchlight Capital II, L.P. and Searchlight II GWN, L.P.
F3 Reflects the cancellation for no consideration of Class B Common Stock in connection with the conversion of the LLC Interests in to Class A Common Stock.
F4 Securities are held of record by Searchlight Capital II, L.P.
F5 Following the transactions reported herein, represents 303,099 Class C Common Stock held of record by Searchlight Capital II, L.P. and 3,435,057 Class C Common Stock held directly by Searchlight Capital II PV, L.P.
F6 Following the conversion of shares, represents 3,612 Class A Common Stock held of record by Searchlight Capital II, L.P., 40,934 Class A Common Stock held of record by Searchlight Capital II PV, L.P. and 38,407 Class A Common Stock held of record by Searchlight II GWN, L.P.
F7 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
F8 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $93.61 to $94.61. The reporting persons undertake to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F9 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $94.63 to $95.63. The reporting persons undertake to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F10 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $95.65 to $96.33. The reporting persons undertake to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F11 Following the conversion of shares, represents 2,514 Class A Common Stock held of record by Searchlight Capital II, L.P., 28,491 Class A Common Stock held of record by Searchlight Capital II PV, L.P. and 26,733 Class A Common Stock held of record by Searchlight II GWN, L.P.
F12 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $85.00 to $85.58. The reporting persons undertake to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F13 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $90.61 to $91.61. The reporting persons undertake to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F14 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $91.625 to $92.50. The reporting persons undertake to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F15 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $92.775 to $93.00. The reporting persons undertake to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F16 The LLC Interests may be redeemed by Searchlight II GWN, L.P. at any time for shares of the Issuer's Class A Common Stock on a 1-to-1 basis.