Visa general counsel sells 1,867 shares at $423

Both the option exercise and share sale were reported under a Rule 10b5-1 trading plan adopted June 1, 2026.

Available on EDGAR 11/10/2026 - 04:08 PM EST Accepted by SEC EDGAR 11/10/2026 - 04:07 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Visa Inc. general counsel Julie B. Rottenberg exercised options to acquire 1,867 Class A common shares at $134.76 per share on November 9, 2026, and sold 1,867 shares at $423.00 per share. Both transactions were made pursuant to a Rule 10b5-1 trading plan dated June 1, 2026. The derivative entry reports 1,867 underlying shares following the transaction.

Insider Trade Summary 10b5-1

Exercise and Sale: 1,867 shares ($538K approx. pre-tax spread)

Exercise and Sale 3 txns

Insider ROTTENBERG JULIE B

Role GENERAL COUNSEL

Sold 1,867 shs ($790K)

Approx. gross sale proceeds $790K

Approx. exercise cost $252K

Approx. pre-tax spread $538K

Share of Position Sold 9.2%

Type	Security	Shares	Price	Value
Exercise	Employee Stock Option (Right to Buy) F1, F2	1,867	$0.00	$0.00
Exercise	Class A Common Stock F1	1,867	$134.76	$252K
Sale	Class A Common Stock F1	1,867	$423.00	$790K

Holdings After Transaction: Employee Stock Option (Right to Buy) — 1,867 options (Direct); Class A Common Stock — 18,404 shares (Direct)

Holdings Before and After: Employee Stock Option (Right to Buy), 3,734 to 1,867 options (Direct); Class A Common Stock, 18,404 to 18,404 shares (Direct)

Other Insiders: 3 other insiders reported open-market sales of this stock in the 30 days up to this filing.

Footnotes (2)

1. F1. This transaction was made pursuant to a Rule 10b5-1 trading plan dated June 1, 2026 adopted by the reporting person.
2. F2. Options vest in three equal installments on each of the first three anniversaries of the date of the grant, subject to earlier vesting in full in limited circumstances as specified in the award agreement. The option was granted on November 19, 2018.

Key Figures

Shares acquired on option exercise: 1,867 shares Exercise price: $134.76 per share Shares sold: 1,867 shares +3 more

6 metrics

Shares acquired on option exercise 1,867 shares November 9, 2026

Exercise price $134.76 per share Option exercise on November 9, 2026

Shares sold 1,867 shares November 9, 2026

Sale price $423.00 per share Sale on November 9, 2026

Underlying shares reported following transaction 1,867 shares Derivative entry following the November 9, 2026 transaction

Option expiration date November 19, 2028 Employee stock option

Key Terms

Rule 10b5-1 trading plan, Employee Stock Option (Right to Buy), vest

3 terms

Rule 10b5-1 trading plan financial

"pursuant to a Rule 10b5-1 trading plan"

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

Employee Stock Option (Right to Buy) financial

"Employee Stock Option (Right to Buy)"

vest financial

"Options vest in three equal installments"

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many Visa (V) shares did Julie B. Rottenberg sell, and at what price?

Julie B. Rottenberg, Visa's general counsel, sold 1,867 Class A common shares at $423.00 per share on November 9, 2026, after exercising options to acquire 1,867 shares at $134.76 per share. Both transactions were made pursuant to a Rule 10b5-1 trading plan dated June 1, 2026.

When do Julie B. Rottenberg's Visa (V) options expire?

The option expires November 19, 2028. It was granted November 19, 2018, and vests in three equal installments on each of the first three anniversaries of the grant, subject to earlier vesting in full in limited circumstances specified in the award agreement.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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^*

ROTTENBERG JULIE B

(Last) (First) (Middle)

C/O VISA INC.

PO BOX 8999

(Street)

SAN FRANCISCO CALIFORNIA 94128-8999

(City) (State) (Zip)

UNITED STATES

(Country)

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)
	GENERAL COUNSEL

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
11/09/2026

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

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

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

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	11/09/2026		M(1)		1,867	A	$134.76	20,271	D
Class A Common Stock	11/09/2026		S(1)		1,867	D	$423	18,404	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
Employee Stock Option (Right to Buy)	$134.76	11/09/2026		M(1)			1,867	(2)	11/19/2028	Class A Common Stock	1,867	$0	1,867	D

Explanation of Responses:

1. This transaction was made pursuant to a Rule 10b5-1 trading plan dated June 1, 2026 adopted by the reporting person.

2. Options vest in three equal installments on each of the first three anniversaries of the date of the grant, subject to earlier vesting in full in limited circumstances as specified in the award agreement. The option was granted on November 19, 2018.

	/s/ Sue Choi, Attorney-In-Fact	11/10/2026
	** 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.
* Form 4: SEC 1474 (03-26)