Searchlight Capital Partners II GP, LLC - May 18, 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 18, 2021
Transactions value $
-$20,991,865
Form type
4
Date filed
5/21/2021, 08:42 PM
Previous filing
May 19, 2021
Next filing
May 25, 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 +34.5K $0.00 34.5K May 18, 2021 See footnotes F1, F2
transaction FOUR Class B Common Stock Other $0 -34.5K -1.18% $0.00 2.88M May 18, 2021 See footnotes F2, F3, F4
transaction FOUR Class C Common Stock Conversion of derivative security $0 -40K -1.18% $0.00 3.34M May 18, 2021 See footnotes F2, F5
transaction FOUR Class A Common Stock Conversion of derivative security $0 +40K +115.98% $0.00 74.6K May 18, 2021 See footnotes F2, F6
transaction FOUR Class A Common Stock Sale -$274K -3.2K -4.29% $85.73 71.4K May 18, 2021 See footnote F2, F7
transaction FOUR Class A Common Stock Sale -$95.8K -1.1K -1.54% $87.00 70.3K May 18, 2021 See footnote F2, F8
transaction FOUR Class A Common Stock Sale -$2.71M -30.8K -43.81% $88.08 39.5K May 18, 2021 See footnote F2, F9
transaction FOUR Class A Common Stock Sale -$1.58M -17.8K -45.03% $88.88 21.7K May 18, 2021 See footnote F2, F10
transaction FOUR Class A Common Stock Sale -$1.15M -12.8K -58.98% $89.84 8.9K May 18, 2021 See footnote F2, F11
transaction FOUR Class A Common Stock Sale -$673K -7.4K -83.13% $90.88 1.5K May 18, 2021 See footnote F2, F12
transaction FOUR Class A Common Stock Sale -$138K -1.5K -100% $91.64 0 May 18, 2021 See footnote F2, F13
transaction FOUR Class A Common Stock Conversion of derivative security $0 +32.7K $0.00 32.7K May 19, 2021 See footnotes F1, F2
transaction FOUR Class B Common Stock Other $0 -32.7K -1.13% $0.00 2.85M May 19, 2021 See footnotes F2, F3, F4
transaction FOUR Class C Common Stock Conversion of derivative security $0 -37.9K -1.13% $0.00 3.31M May 19, 2021 See footnotes F2, F5
transaction FOUR Class A Common Stock Conversion of derivative security $0 +37.9K +115.98% $0.00 70.6K May 19, 2021 See footnotes F2, F14
transaction FOUR Class A Common Stock Sale -$174K -2.06K -2.92% $84.54 68.6K May 19, 2021 See footnote F2, F15
transaction FOUR Class A Common Stock Sale -$3.39M -39.4K -57.41% $85.99 29.2K May 19, 2021 See footnote F2, F16
transaction FOUR Class A Common Stock Sale -$1.25M -14.4K -49.42% $86.78 14.8K May 19, 2021 See footnote F2, F17
transaction FOUR Class A Common Stock Sale -$1.3M -14.8K -100% $87.88 0 May 19, 2021 See footnote F2, F18
transaction FOUR Class A Common Stock Conversion of derivative security $0 +42.2K $0.00 42.2K May 20, 2021 See footnotes F1, F2
transaction FOUR Class B Common Stock Other $0 -42.2K -1.48% $0.00 2.81M May 20, 2021 See footnotes F2, F3, F4
transaction FOUR Class C Common Stock Conversion of derivative security $0 -48.9K -1.48% $0.00 3.26M May 20, 2021 See footnotes F2, F5
transaction FOUR Class A Common Stock Conversion of derivative security $0 +48.9K +115.98% $0.00 91.1K May 20, 2021 See footnotes F2, F19
transaction FOUR Class A Common Stock Sale -$2.32M -25.8K -28.36% $89.75 65.3K May 20, 2021 See footnote F2, F20
transaction FOUR Class A Common Stock Sale -$2.81M -31.1K -47.58% $90.36 34.2K May 20, 2021 See footnote F2, F21
transaction FOUR Class A Common Stock Sale -$3.13M -34.2K -100% $91.55 0 May 20, 2021 See footnote F2, F22

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 -34.5K -1.18% $0.00 2.88M May 18, 2021 Class A Common Stock 34.5K See footnotes F1, F2, F23
transaction FOUR LLC Interests Conversion of derivative security $0 -32.7K -1.13% $0.00 2.85M May 19, 2021 Class A Common Stock 32.7K See footnotes F1, F2, F23
transaction FOUR LLC Interests Conversion of derivative security $0 -42.2K -1.48% $0.00 2.81M May 20, 2021 Class A Common Stock 42.2K See footnotes F1, F2, F23
* 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 264,017 Class C Common Stock held of record by Searchlight Capital II, L.P. and 2,992,119 Class C Common Stock held directly by Searchlight Capital II PV, L.P.
F6 Following the conversion of shares, represents 3,246 Class A Common Stock held of record by Searchlight Capital II, L.P., 36,791 Class A Common Stock held of record by Searchlight Capital II PV, L.P. and 34,520 Class A Common Stock held of record by Searchlight II GWN, L.P.
F7 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $85.26 to $86.1725. 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.
F8 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $86.345 to $87.34. 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 $87.39 to $88.385. 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 $88.40 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 $89.41 to $90.40. 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 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $90.47 to $91.41. 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 $91.49 to $91.825. 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 Following the conversion of shares, represents 3,076 Class A Common Stock held of record by Searchlight Capital II, L.P., 34,859 Class A Common Stock held of record by Searchlight Capital II PV, L.P. and 32,708 Class A Common Stock held of record by Searchlight II GWN, L.P.
F15 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $84.155 to $85.08. 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 price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $85.31 to $86.30. 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.
F17 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $86.325 to $87.31. 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.
F18 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $87.34 to $88.29. 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.
F19 Following the conversion of shares, represents 3,968 Class A Common Stock held of record by Searchlight Capital II, L.P., 44,971 Class A Common Stock held of record by Searchlight Capital II PV, L.P. and 42,196 Class A Common Stock held of record by Searchlight II GWN, L.P.
F20 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $89.03 to $90.03. 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.
F21 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $90.04 to $91.04. 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.
F22 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $91.045 to $91.91. 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.
F23 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.

Remarks:

The 05/18/2021 transactions reported on this Form 4 are being filed late due to inadvertent administrative error.