Robert W. Hau - Dec 26, 2023 Form 4 Insider Report for FISERV INC (FI)

Signature
/s/ Eric C. Nelson (attorney-in-fact)
Stock symbol
FI
Transactions as of
Dec 26, 2023
Transactions value $
-$15,716,633
Form type
4
Date filed
12/27/2023, 04:19 PM
Previous filing
May 8, 2023
Next filing
Jan 31, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FI Common Stock Options Exercise $9.26M +188K +140.9% $49.21 322K Dec 26, 2023 Direct F1
transaction FI Common Stock Sale -$25M -188K -58.49% $132.77 133K Dec 26, 2023 Direct F1, F2

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 FI Employee Stock Option (right to buy) Options Exercise $0 -188K -100% $0.00* 0 Dec 26, 2023 Common Stock 188K $49.21 Direct F1, F3
* 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 This option exercise and sale was effected pursuant to a Rule 10b5-1 trading plan entered into on September 22, 2023, by the reporting person for estate and financial planning purposes.
F2 This transaction was executed in multiple trades at prices ranging from $132.39 to $133.39. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F3 This option vested in two equal installments on each of March 14, 2019, and March 14, 2020.