Cryptic crossword clue
   What Shakespeare did with Henry the Fourth or the equivalent 5

The most common and most likely answer to this crossword clue is the 5 letter word WROTE

I've seen this crossword clue in Independent
W
R
O
T
E

Buddy explains!

The straight part
We know that "What Shakespeare did" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case what shakespeare did = wrote.
The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.
This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.

What does WROTE mean?

WROTE verb
  1. To form letters, words or symbols on a surface in order to communicate.
  2. To be the author of (a book, article, poem, etc.).
  3. To send written information to.
  4. To show (information, etc) in written form.
  5. To be an author.
  6. (with to) To record data mechanically or electronically.
  7. (of an exam, a document, etc.) To fill in, to complete using words.
  8. To impress durably; to imprint; to engrave.
  9. To make known by writing; to record; to prove by one's own written testimony; often used reflexively.
  10. To sell (an option or other derivative).

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