Visa (NYSE: V) General Counsel reports 2,027-share option exercise and stock sale

Rhea-AI Filing Summary

Visa Inc.'s General Counsel reported an automatic stock transaction under a pre‑arranged Rule 10b5-1 trading plan. On 12/11/2025, the executive exercised 2,027 employee stock options for Class A common stock at an exercise price of $109.82 per share and then sold 2,027 Class A shares at a price of $345 per share.

Following these transactions, the executive directly owned 18,404 Class A shares and held 4,055 employee stock options that remain outstanding, with the options originally granted on November 19, 2017 and expiring on November 19, 2027. The filing highlights that the trade was executed pursuant to a Rule 10b5-1 plan dated May 7, 2025, which is designed to allow insiders to sell shares according to a predetermined schedule.

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
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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 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)
	GENERAL COUNSEL

3. Date of Earliest Transaction (Month/Day/Year)
12/11/2025

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	12/11/2025		M(1)		2,027	A	$109.82	20,431	D
Class A Common Stock	12/11/2025		S(1)		2,027	D	$345	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)	$109.82	12/11/2025		M(1)			2,027	(2)	11/19/2027	Class A Common Stock	2,027	$0	4,055	D

Explanation of Responses:

1. This transaction was made pursuant to a Rule 10b5-1 trading plan dated May 7, 2025 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, 2017.

	/s/ Sue Choi, Attorney-In-Fact	12/12/2025
	** 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).
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FAQ

What insider transaction did Visa (V) disclose in this Form 4?

Visa disclosed that its General Counsel exercised 2,027 employee stock options for Class A common stock at an exercise price of $109.82 per share and sold 2,027 Class A shares at a price of $345 per share on 12/11/2025.

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

Yes. The filing states that the transaction was made pursuant to a Rule 10b5-1 trading plan dated May 7, 2025, which allows pre‑scheduled trades by insiders.

How many Visa (V) shares does the General Counsel own after this transaction?

After the reported transactions, the General Counsel directly owned 18,404 shares of Visa Class A common stock.

What stock options does the Visa (V) executive still hold after the Form 4 transaction?

The executive held 4,055 employee stock options following the transaction. These options were granted on November 19, 2017 and are scheduled to expire on November 19, 2027.

How do the Visa (V) stock options reported in the Form 4 vest?

The filing explains that the options vest in three equal installments on each of the first three anniversaries of the grant date, with the grant made on November 19, 2017, and are subject to earlier full vesting in limited circumstances defined in the award agreement.

What roles does the reporting person hold at Visa (V)?

The reporting person is identified as an officer of Visa Inc., serving in the role of General Counsel.