Shift4 Payments Inc. (NYSE:FOUR) saw its stock rise 4% in premarket trading on Tuesday after regulatory filings revealed that founder and executive chairman Jared Isaacman purchased a sizable amount of company shares.
According to filings with the U.S. Securities and Exchange Commission (SEC), Isaacman bought 91,721 shares on Friday, August 8, at an average price of $81.90, followed by another 104,705 shares on Monday, August 11, at an average price of $83.61.
These transactions increased his direct ownership to 939,715 shares of Class A common stock. Isaacman, who also serves as a company director and is classified as a 10% owner, made the purchases after Shift4’s shares had declined 18% over the past month.
The SEC documents show the first purchase was completed in multiple transactions priced between $81.37 and $82.33, while the second was executed at prices ranging from $83.20 to $83.99.
Based in Center Valley, Pennsylvania, Shift4 Payments provides payment processing solutions across sectors such as hospitality, retail, and e-commerce.
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