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Insider Buy Mega Buy ($1M+) New Position August 8, 2025

Isaacman Jared purchased ~$16M in Shift4 Payments, Inc. stock

Shift4 Payments, Inc. (FOUR)  ·  Executive Chairman  ·  Data via SEC EDGAR Form 4

Verity Signals Research Published Updated

= insider buy date

90-day return

-18.1%

vs SPY +5.5%

FOUR price after insider trade by Isaacman Jared

Insider

Isaacman Jared

Role

Executive Chairman

Transaction

Open-Market Purchase

Approx. Value

~$16M

Trade Date

Aug 8, 2025

Company

Shift4 Payments, Inc.

Ticker

FOUR

Source

SEC EDGAR Form 4

Strong conviction signal

Scored above average across multiple factors. Roughly 15% of insider trades qualify as Strong.

~$16M purchase

Trades over $1M are rare. When insiders put this much of their own money on the line, they tend to have high conviction in their company's direction.

Executive Chairman

Corporate insiders must file trades with the SEC within 2 business days. Their unique access to non-public information makes these filings valuable data points.

-18.1% in 90 days (S&P 500: +5.5%)

This trade underperformed the S&P 500 by 23.6 percentage points. Not every insider trade wins. We track all of them so you can focus on the insiders with the best records.

IJ

How good is Isaacman Jared at picking stocks?

Full track record: win rate, average return, and performance vs S&P 500

See track record

On August 8, 2025, Isaacman Jared — Executive Chairman of Shift4 Payments, Inc. — filed a Form 4 with the SEC disclosing an open-market purchase of approximately ~$16M in Shift4 Payments, Inc. (FOUR) stock.

Under Section 16(a) of the Securities Exchange Act of 1934, corporate insiders must report all open-market stock transactions to the SEC within two business days. These filings — known as Form 4s — are publicly available on the SEC's EDGAR database. VeritySignals filters and scores the full Form 4 stream to surface high-conviction signals like this one.

In the 90 days following this trade, FOUR returned -18.1% versus +5.5% for the S&P 500 over the same period.

Full Conviction Analysis

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All data sourced from publicly available SEC Form 4 filings via EDGAR · Not financial advice · Past performance does not guarantee future results.

Signal strength Strong
Trade size ~$16M
Insider role Executive Chairman
90-day return -18.1%
vs S&P 500 -23.6%

What is this?

When company executives buy or sell their own stock, they must report it to the SEC within 2 days. These public filings reveal what the people who know the company best are doing with their own money.

Why does it matter?

Insiders can sell for many reasons (taxes, diversification, expenses), but they generally only buy for one: they think the stock is going up. That's why insider purchases are more predictive than sales.

What makes a trade "strong"?

We score trades on 15+ factors: the insider's role (CEO > director), trade size relative to their salary, whether other insiders also bought (clusters), and historical accuracy of the insider.

Read our full methodology →

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