Visa Inc. (NYSE: V) officer reports 15,437-share award vesting and insider sale

Rhea-AI Filing Summary

Visa Inc. reported insider equity transactions by its Chief Risk & Client Services Officer. On 11/30/2025, the officer acquired 15,437 shares of Class A common stock through the vesting and settlement of a performance share award, increasing direct holdings to 41,850 shares. Part of the newly acquired stock, 7,881 shares, was disposed of at $334.44 per share to cover taxes.

On 12/02/2025, the officer sold 7,556 shares of Class A common stock at $331.45 per share in an open-market transaction, leaving 26,413 shares directly owned. The sale was made pursuant to a Rule 10b5-1 trading plan dated December 13, 2024. The underlying 15,437 performance shares were earned based on a three-year performance period under Visa's 2007 Equity Incentive Compensation Plan.

Insider Trade Summary

Net Seller: 7,556 shares ($2,504,436)

Net Sell 5 txns

Insider Fabara Paul D

Role CHIEF RISK & CLIENT SVCS OFC

Sold 7,556 shs ($2.50M)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	7,556	$331.45	$2.50M
Grant/Award	Performance Share Award	15,437	$0.00	--
Exercise	Performance Share Award	15,437	$0.00	--
Exercise	Class A Common Stock	15,437	$0.00	--
Tax Withholding	Class A Common Stock	7,881	$334.44	$2.64M

Holdings After Transaction: Class A Common Stock — 26,413 shares (Direct); Performance Share Award — 15,437 shares (Direct)

Footnotes (1)

1. Each restricted stock unit represents a contingent right to receive one share of Visa Inc. common stock or a cash equivalent of its value. This transaction was made pursuant to a Rule 10b5-1 trading plan dated December 13, 2024 adopted by the reporting person. Represents performance shares earned pursuant to the November 19, 2022 award under the Visa Inc. 2007 Equity Incentive Compensation Plan. The number of performance shares earned was determined on the basis of the applicable 3-year performance period.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Fabara Paul D

(Last) (First) (Middle)

C/O VISA INC.

P.O. BOX 8999

(Street)

SAN FRANCISCO CA 94128-8999

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
VISA INC. [ V ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CHIEF RISK & CLIENT SVCS OFC

3. Date of Earliest Transaction (Month/Day/Year)
11/30/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	11/30/2025		M		15,437	A	(1)	41,850	D
Class A Common Stock	11/30/2025		F		7,881	D	$334.44	33,969	D
Class A Common Stock	12/02/2025		S(2)		7,556	D	$331.45	26,413	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Performance Share Award	(1)	11/30/2025		A		15,437		(3)	(3)	Class A Common Stock	15,437	(1)	15,437	D
Performance Share Award	(1)	11/30/2025		M			15,437	(3)	(3)	Class A Common Stock	15,437	(1)	0	D

Explanation of Responses:

1. Each restricted stock unit represents a contingent right to receive one share of Visa Inc. common stock or a cash equivalent of its value.

2. This transaction was made pursuant to a Rule 10b5-1 trading plan dated December 13, 2024 adopted by the reporting person.

3. Represents performance shares earned pursuant to the November 19, 2022 award under the Visa Inc. 2007 Equity Incentive Compensation Plan. The number of performance shares earned was determined on the basis of the applicable 3-year performance period.

	/s/ Sue Choi, Attorney-In-Fact	12/02/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Visa Inc. (V) report for its Chief Risk & Client Services Officer?

The officer reported equity award activity and related stock sales. A 15,437-share performance award vested and settled into Class A common stock, followed by tax withholding and an additional open-market sale under a trading plan.

How many Visa Inc. (V) shares did the officer acquire and sell in this Form 4?

The officer acquired 15,437 shares of Class A common stock from a performance share award. 7,881 shares were disposed of to cover taxes and 7,556 shares were sold in the market.

What is the officer’s Visa Inc. (V) share ownership after these transactions?

After the reported transactions, the Chief Risk & Client Services Officer directly owns 26,413 shares of Visa Inc. Class A common stock.

At what prices were the Visa Inc. (V) shares sold in the reported transactions?

Shares used for tax withholding were disposed of at $334.44 per share. The open-market sale on 12/02/2025 was completed at $331.45 per share.

Was the Visa Inc. (V) insider sale made under a Rule 10b5-1 plan?

Yes. The 7,556-share sale on 12/02/2025 was made pursuant to a Rule 10b5-1 trading plan dated December 13, 2024 and adopted by the reporting person.

What is the source of the 15,437 performance shares in Visa Inc. (V)?

The 15,437 performance shares were earned under a November 19, 2022 award granted pursuant to the Visa Inc. 2007 Equity Incentive Compensation Plan, based on a three-year performance period.