What the executives and directors of Fiserv actually did with their own shares, decoded from three years of SEC Form 4 filings.
The tape: three years of insider trades
Every marker sits at the exact price reported on the Form 4. The line is the monthly median of all prices insiders reported, so the chart needs no market feed; the gray strip is routine flow (vestings, tax withholding, gifts) that headlines love to miscount as selling.
Where the shares went, last 12 months
Every Form 4 movement decomposed: what flowed in (grants, vested equity, purchases) and what flowed out (tax withholding, plan sales, discretionary sales, gifts). Counted in shares, because grants carry no price.
Skin in the game
Directly held shares as reported after each trade, indexed to 100 five years back. Direct holdings only: trust and family-entity positions are per-entity in the filings and do not sum honestly, so this chart refuses to guess. The steps are the trades.
Who holds what
| Insider | Role | Shares held | Buys 12 m | Sales 12 m |
|---|---|---|---|---|
| ValueAct Capital Management, L.P. | Director | 7.6M | — | — |
| ValueAct Capital Management, LLC | Director | 7.6M | — | — |
| VA Partners I, LLC | Director | 7.6M | — | — |
| ValueAct Holdings GP, LLC | Director | 7.6M | — | — |
| ValueAct Holdings, L.P. | Director | 7.6M | — | — |
| ValueAct Capital Master Fund, L.P. | Director | 7.6M | — | — |
| ValueAct Holdings II, L.P. | Director | 7.6M | — | — |
| Bisignano Frank Chairman and CEO | CEO | 3.3M | — | — |
| Lyons Michael P. Chief Executive Officer | CEO | 351.3K | — | — |
| GEORGAKOPOULOS PANAGIOTIS Chief Executive Officer | CEO | 303.9K | — | — |
| Suryadevara Dhivya Co-President | Officer | 228.5K | — | — |
| Chiarello Guy Chief Operating Officer | COO | 209.4K | — | — |
| Todd Paul M Chief Financial Officer | CFO | 184.1K | $1.6M | — |
| Hau Robert W. Chief Financial Officer | CFO | 177.1K | — | — |
Open-market trade log
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-06-17 | Todd Paul M (CFO) | Open-market buy | 10.1K | $49.70 | $500K |
| 2026-06-17 | Mamilli Wafaa (Director) | Open-market buy | 2,960 | $50.59 | $150K |
| 2026-06-16 | Rosman Adam L. (Officer) | Open-market buy | 10.2K | $49.33 | $501K |
| 2026-06-16 | Nixon Gordon M. (Director) | Open-market buy | 7,500 | $49.57 | $372K |
| 2026-06-16 | DiSimone Harry (Director) | Open-market buy | 2,088 | $48.41 | $101K |
| 2026-06-16 | Yarkoni Charlotte (Director) | Open-market buy | 2,023 | $49.49 | $100K |
| 2025-12-02 | Rosman Adam L. (Officer) | Open-market buy | 7,900 | $63.19 | $499K |
| 2025-12-01 | Todd Paul M (CFO) | Open-market buy | 17K | $62.41 | $1.1M |
| 2025-10-30 | FRITZ LANCE M (Director) | Open-market buy | 10K | $65.18 | $652K |
| 2025-05-28 | Gelb Andrew (Officer) | Discretionary sale | 5,652 | $160.00 | $904K |
| 2025-05-27 | Rosman Adam L. (Officer) | Planned sale (10b5-1) | 245 | $161.34 | $40K |
| 2025-05-27 | Rosman Adam L. (Officer) | Planned sale (10b5-1) | 2,267 | $160.61 | $364K |
| 2025-03-03 | Gibbons John (Officer) | Discretionary sale | 13.6K | $238.15 | $3.2M |
| 2025-02-27 | Rosman Adam L. (Officer) | Planned sale (10b5-1) | 130 | $234.52 | $30K |
| 2025-02-27 | Rosman Adam L. (Officer) | Planned sale (10b5-1) | 268 | $231.85 | $62K |
| 2025-02-27 | Rosman Adam L. (Officer) | Planned sale (10b5-1) | 516 | $233.62 | $121K |
| 2025-02-27 | Rosman Adam L. (Officer) | Planned sale (10b5-1) | 828 | $232.85 | $193K |
| 2025-02-20 | Chiarello Guy (COO) | Discretionary sale | 11K | $236.19 | $2.6M |
| 2025-02-20 | Chiarello Guy (COO) | Discretionary sale | 34.1K | $235.34 | $8M |
| 2024-11-12 | Best Kenneth (Officer) | Discretionary sale | 20.8K | $214.61 | $4.5M |
| 2024-10-30 | MILLER HEIDI (Director) | Discretionary sale | 11.4K | $202.05 | $2.3M |
| 2024-10-30 | MILLER HEIDI (Director) | Discretionary sale | 18.6K | $200.56 | $3.7M |
| 2024-10-23 | Simons Doyle (Director) | Discretionary sale | 40K | $201.97 | $8.1M |
| 2024-09-20 | Bisignano Frank (CEO) | Planned sale (10b5-1) | 300 | $178.21 | $53K |
| 2024-09-20 | Bisignano Frank (CEO) | Planned sale (10b5-1) | 33.2K | $176.64 | $5.9M |
| 2024-09-20 | Bisignano Frank (CEO) | Planned sale (10b5-1) | 111.5K | $177.58 | $19.8M |
| 2024-08-21 | Gibbons John (Officer) | Discretionary sale | 18.9K | $168.21 | $3.2M |
| 2024-08-15 | Chiarello Guy (COO) | Planned sale (10b5-1) | 24K | $164.97 | $4M |
| 2024-07-15 | Chiarello Guy (COO) | Planned sale (10b5-1) | 10.8K | $154.67 | $1.7M |
| 2024-07-15 | Chiarello Guy (COO) | Planned sale (10b5-1) | 13.2K | $155.01 | $2M |
| 2024-06-17 | Chiarello Guy (COO) | Planned sale (10b5-1) | 3,992 | $149.06 | $595K |
| 2024-06-17 | Chiarello Guy (COO) | Planned sale (10b5-1) | 20K | $148.35 | $3M |
| 2024-06-10 | Gibbons John (Officer) | Discretionary sale | 2,800 | $148.76 | $417K |
| 2024-05-15 | Chiarello Guy (COO) | Planned sale (10b5-1) | 11.9K | $154.91 | $1.8M |
| 2024-05-15 | Chiarello Guy (COO) | Planned sale (10b5-1) | 12.1K | $154.21 | $1.9M |
| 2024-04-15 | Chiarello Guy (COO) | Planned sale (10b5-1) | 6,017 | $152.75 | $919K |
| 2024-04-15 | Chiarello Guy (COO) | Planned sale (10b5-1) | 6,482 | $152.18 | $986K |
| 2024-04-15 | Chiarello Guy (COO) | Planned sale (10b5-1) | 11.4K | $151.06 | $1.7M |
| 2024-03-20 | Chiarello Guy (COO) | Discretionary sale | 63.6K | $154.00 | $9.8M |
| 2024-03-15 | Chiarello Guy (COO) | Planned sale (10b5-1) | 4,205 | $148.33 | $624K |
| 2024-03-15 | Chiarello Guy (COO) | Planned sale (10b5-1) | 19.8K | $149.78 | $3M |
| 2023-12-27 | Kereere Suzan (Officer) | Planned sale (10b5-1) | 1,633 | $132.88 | $217K |
| 2023-12-26 | Hau Robert W. (CFO) | Planned sale (10b5-1) | 188.1K | $132.77 | $25M |
| 2023-12-13 | Foskett Christopher M (Officer) | Discretionary sale | 25.4K | $135.00 | $3.4M |
| 2023-12-12 | Chiarello Guy (COO) | Discretionary sale | 80K | $134.07 | $10.7M |
| 2023-12-01 | Chiarello Guy (COO) | Planned sale (10b5-1) | 6,750 | $129.91 | $877K |
| 2023-11-28 | Best Kenneth (Officer) | Discretionary sale | 9,138 | $127.50 | $1.2M |
| 2023-11-01 | Chiarello Guy (COO) | Planned sale (10b5-1) | 6,750 | $113.90 | $769K |
| 2023-10-02 | Chiarello Guy (COO) | Planned sale (10b5-1) | 6,750 | $112.17 | $757K |
| 2023-09-01 | Chiarello Guy (COO) | Planned sale (10b5-1) | 6,750 | $121.92 | $823K |
| 2023-08-01 | Chiarello Guy (COO) | Planned sale (10b5-1) | 6,750 | $125.75 | $849K |
| 2023-07-05 | Chiarello Guy (COO) | Planned sale (10b5-1) | 6,750 | $124.58 | $841K |
| 2023-06-01 | Chiarello Guy (COO) | Planned sale (10b5-1) | 8,000 | $112.10 | $897K |
| 2023-05-05 | Hau Robert W. (CFO) | Discretionary sale | 8,500 | $119.33 | $1M |
| 2023-05-01 | Chiarello Guy (COO) | Planned sale (10b5-1) | 8,000 | $121.69 | $974K |
| 2023-04-03 | Chiarello Guy (COO) | Planned sale (10b5-1) | 8,000 | $112.58 | $901K |
| 2023-03-24 | Foskett Christopher M (Officer) | Discretionary sale | 9,000 | $111.00 | $999K |
| 2023-03-02 | Chiarello Guy (COO) | Discretionary sale | 13.1K | $116.02 | $1.5M |
| 2023-03-01 | Chiarello Guy (COO) | Discretionary sale | 8,000 | $114.74 | $918K |
| 2023-03-01 | Chiarello Guy (COO) | Discretionary sale | 13.1K | $115.07 | $1.5M |
“Since trade” compares with the latest insider-implied price, not a market quote; this site carries no market data by design.
Filing hygiene
How to read this
A Form 4 transaction code decides everything. P is an open-market purchase and S an open-market sale; those two are the only codes where an insider chose to trade. A is a grant, M an option exercise or vesting, F shares withheld to cover tax, G a gift. Most “insiders dumped billions” headlines are code F and M mechanics.
Sales flagged 10b5-1 run on a plan the insider adopted in advance; since 2023 every Form 4 carries that flag. Buys have historically predicted returns, sales mostly have not, and this page states filings, not advice.