Variable Insurance Products Fund IV

07/15/2026 | Press release | Distributed by Public on 07/15/2026 07:16

Prospectus by Investment Company (Form 497)

Supplement to the
Fidelity® Variable Insurance Products
Communication Services Portfolio, Consumer Discretionary Portfolio, Consumer Staples Portfolio, Energy Portfolio, Financials Portfolio, Health Care Portfolio, Industrials Portfolio, Materials Portfolio, Technology Portfolio, and Utilities Portfolio
Initial Class
April 30, 2026
Prospectus
Adam Benjamin no longer serves as Portfolio Manager of Technology Portfolio.
The following information replaces similar information for Technology Portfolio found in the "Fund Summary" section under the "Portfolio Manager(s)" heading.
Priyanshu Bakshi (Portfolio Manager) has managed the fund since 2026.
The following information replaces the biographical information for Technology Portfolio found in the "Fund Management" section under the "Portfolio Manager(s)" heading.
Priyanshu Bakshi is Portfolio Manager of VIP Technology Portfolio, which he has managed since 2026. He also manages other funds. Since joining Fidelity Investments in 2015, Mr. Bakshi has worked as a research analyst, sector leader, and portfolio manager.
VIPFCI-PSTK-0726-173
1.765122.173
July 15, 2026
Supplement to the
Fidelity® Variable Insurance Products
Communication Services Portfolio, Consumer Discretionary Portfolio, Consumer Staples Portfolio, Energy Portfolio, Financials Portfolio, Health Care Portfolio, Industrials Portfolio, Materials Portfolio, Technology Portfolio, and Utilities Portfolio
Investor Class
April 30, 2026
Prospectus
Adam Benjamin no longer serves as Portfolio Manager of Technology Portfolio.
The following information replaces similar information for Technology Portfolio found in the "Fund Summary" section under the "Portfolio Manager(s)" heading.
Priyanshu Bakshi (Portfolio Manager) has managed the fund since 2026.
The following information replaces the biographical information for Technology Portfolio found in the "Fund Management" section under the "Portfolio Manager(s)" heading.
Priyanshu Bakshi is Portfolio Manager of VIP Technology Portfolio, which he has managed since 2026. He also manages other funds. Since joining Fidelity Investments in 2015, Mr. Bakshi has worked as a research analyst, sector leader, and portfolio manager.
VIPINVF-PSTK-0726-152
1.824639.152
July 15, 2026
Supplement to the
Fidelity® Variable Insurance Products
Communication Services Portfolio, Consumer Discretionary Portfolio, Consumer Staples Portfolio, Energy Portfolio, Financials Portfolio, Health Care Portfolio, Industrials Portfolio, Materials Portfolio, Technology Portfolio, and Utilities Portfolio
Service Class 2
April 30, 2026
Prospectus
Adam Benjamin no longer serves as Portfolio Manager of Technology Portfolio.
The following information replaces similar information for Technology Portfolio found in the "Fund Summary" section under the "Portfolio Manager(s)" heading.
Priyanshu Bakshi (Portfolio Manager) has managed the fund since 2026.
The following information replaces the biographical information for Technology Portfolio found in the "Fund Management" section under the "Portfolio Manager(s)" heading.
Priyanshu Bakshi is Portfolio Manager of VIP Technology Portfolio, which he has managed since 2026. He also manages other funds. Since joining Fidelity Investments in 2015, Mr. Bakshi has worked as a research analyst, sector leader, and portfolio manager.
VIPSF-SC2-PSTK-0726-103
1.9911403.103
July 15, 2026
Variable Insurance Products Fund IV published this content on July 15, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on July 15, 2026 at 13:16 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]