{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-043740","form_type":"8-K","ticker":"FOUR","cik":"0001794669","company_name":"Shift4 Payments, Inc.","filed_at":"2026-02-10T23:59:59+00:00","discovered_at":"2026-05-14T18:02:36.200074+00:00","generated_at":"2026-05-16T03:37:56.649696+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Shift4 completes Up-C collapse; eliminates ~$440M TRA liability and removes Isaacman's majority voting control","bullets":["Jared Isaacman exchanged all Class C shares for Class A shares and Rook redeemed 19.8M common units for Class A shares, cancelling Class B shares.","Company relieved of estimated $440M future TRA payments; Rook assigned all TRA rights to Shift4 and waived any tax benefit payments.","Consideration to Isaacman/Rook: $138.8M cash, 423,296 mandatory convertible preferred shares, and deemed satisfaction of 4Shares program commitment.","Isaacman agreed to a five-year non-compete and will negotiate a return to service after his NASA Administrator term ends.","Transaction eliminates Rook's majority voting power and removes certain Stockholders Agreement provisions."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-043740","json":"https://secwatch.observer/filing/0001193125-26-043740.json","markdown":"https://secwatch.observer/filing/0001193125-26-043740.md","text":"https://secwatch.observer/filing/0001193125-26-043740.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1794669/000119312526043740/0001193125-26-043740-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1794669/000119312526043740/d39143d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T03:37:56.649696+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}