Searchlight Capital Partners II GP, LLC - May 7, 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 7, 2021
Transactions value $
-$19,838,504
Form type
4
Date filed
5/11/2021, 09:48 PM
Previous filing
May 7, 2021
Next filing
May 13, 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 +97.7K $0.00 97.7K May 7, 2021 See footnotes F1, F2
transaction FOUR Class B Common Stock Other $0 -97.7K -3.03% $0.00 3.13M May 7, 2021 See footnotes F2, F3, F4
transaction FOUR Class C Common Stock Conversion of derivative security $0 -113K -3.03% $0.00 3.62M May 7, 2021 See footnotes F2, F5
transaction FOUR Class A Common Stock Conversion of derivative security $0 +113K +115.98% $0.00 211K May 7, 2021 See footnotes F2, F6
transaction FOUR Class A Common Stock Sale -$1.96M -22.5K -10.68% $87.09 188K May 7, 2021 See footnotes F2, F7, F8
transaction FOUR Class A Common Stock Sale -$11.5M -130K -69.13% $87.93 58.2K May 7, 2021 See footnotes F2, F7, F9
transaction FOUR Class A Common Stock Sale -$4.84M -54.5K -93.7% $88.72 3.66K May 7, 2021 See footnotes F2, F7, F10
transaction FOUR Class A Common Stock Sale -$328K -3.66K -100% $89.60 0 May 7, 2021 See footnotes F2, F7, F11
transaction FOUR Class A Common Stock Conversion of derivative security $0 +6.81K $0.00 6.81K May 10, 2021 See footnotes F1, F2
transaction FOUR Class B Common Stock Other $0 -6.81K -0.22% $0.00 3.12M May 10, 2021 See footnotes F2, F3, F4
transaction FOUR Class C Common Stock Conversion of derivative security $0 -7.89K -0.22% $0.00 3.62M May 10, 2021 See footnotes F2, F5
transaction FOUR Class A Common Stock Conversion of derivative security $0 +7.89K +115.99% $0.00 14.7K May 10, 2021 See footnotes F2, F12
transaction FOUR Class A Common Stock Sale -$1.18M -13.9K -94.56% $85.04 800 May 10, 2021 See footnotes F2, F7, F13
transaction FOUR Class A Common Stock Sale -$69.6K -800 -100% $87.00 0 May 10, 2021 See footnotes F2, F7

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 -97.7K -3.03% $0.00 3.13M May 7, 2021 Class A Common Stock 97.7K See Footnotes F1, F2, F14
transaction FOUR LLC Interests Conversion of derivative security $0 -6.81K -0.22% $0.00 3.12M May 10, 2021 Class A Common Stock 6.81K See Footnotes F1, F2, F14
* 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 293,271 Class C Common Stock held of record by Searchlight Capital II, L.P. and 3,323,666 Class C Common Stock held directly by Searchlight Capital II PV, L.P.
F6 Following the conversion of shares, represents 9,188 Class A Common Stock held of record by Searchlight Capital II, L.P., 104,137 Class A Common Stock held of record by Searchlight Capital II PV, L.P. and 97,709 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 $86.37 to $87.37. 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 $87.38 to $88.38. 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 $88.385 to $89.38. 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 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $89.40 to $90.00. 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.
F12 Following the conversion of shares, represents 640 Class A Common Stock held of record by Searchlight Capital II, L.P., 7,254 Class A Common Stock held of record by Searchlight Capital II PV, L.P. and 6,806 Class A Common Stock held of record by Searchlight II GWN, L.P.
F13 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 $85.54. 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 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.