David Taylor Lauber - Jun 8, 2023 Form 4 Insider Report for Shift4 Payments, Inc. (FOUR)

Role
President and Chief Strategy Officer
Signature
/s/ Jordan Frankel, Attorney-in-Fact for Taylor David Lauber
Stock symbol
FOUR
Transactions as of
Jun 8, 2023
Transactions value $
-$2,128,245
Form type
4
Date filed
6/12/2023, 04:35 PM
Previous filing
Mar 10, 2023
Next filing
Nov 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FOUR Class A Common Stock Tax liability -$1.46M -21.7K -8.9% $67.46 222K Jun 8, 2023 Direct F1
transaction FOUR Class A Common Stock Sale -$419K -6.35K -2.86% $66.04 216K Jun 8, 2023 Direct F2, F3
transaction FOUR Class A Common Stock Sale -$244K -3.65K -1.69% $66.83 212K Jun 8, 2023 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Shares withheld for payment of withholding taxes upon the vesting of restricted stock units granted to the Reporting Person.
F2 Represents sales pursuant to a Rule 10b5-1 trading plan.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $65.50 to $66.44, inclusive. The Reporting Person undertakes to provide to 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.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $66.50 to $67.16, inclusive. The Reporting Person undertakes to provide to 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.

Remarks:

President and Chief Strategy Officer