[Form 4] VISA INC. Insider Trading Activity

Visa Inc. filed a Form 4 reporting multiple equity transactions by its Chief Executive Officer and director on 11/19/2025.

Rhea-AI Filing Summary

Visa Inc. filed a Form 4 reporting multiple equity transactions by its Chief Executive Officer and director on 11/19/2025. The filing shows the grant of 96,748 employee stock options with a $324.12 exercise price, expiring on 11/19/2035, and a new grant of 22,754 restricted stock units (RSUs).

On the same date, RSUs granted in prior years vested and were settled, converting 5,337, 6,595, and 6,079 units into an equal number of Visa Class A shares. The report also shows a disposition of 9,147 shares at $324.12 in a transaction coded "F," reflecting shares withheld, and a 7,800‑share transaction coded "G" at $0, after which 239,526 shares were held indirectly through the Ryan and Angela McInerney Trust.

Insider Trade Summary

18,011 shares exercised/converted

Exercise 10 txns

Insider MCINERNEY RYAN

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	5,337	$0.00	$0.00
Exercise	Restricted Stock Units	6,595	$0.00	$0.00
Exercise	Restricted Stock Units	6,079	$0.00	$0.00
Grant/Award	Employee Stock Option (Right to Buy)	96,748	$0.00	$0.00
Grant/Award	Restricted Stock Units	22,754	$0.00	$0.00
Exercise	Class A Common Stock	5,337	$0.00	$0.00
Exercise	Class A Common Stock	6,595	$0.00	$0.00
Exercise	Class A Common Stock	6,079	$0.00	$0.00
Exercise Price or Tax Liability	Class A Common Stock	9,147	$324.12	$2.96M
Gift	Class A Common Stock	7,800	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 41,508 contracts (Direct); Employee Stock Option (Right to Buy) — 96,748 contracts (Direct); Class A Common Stock — 9,401 shares (Direct); Class A Common Stock — 239,526 shares (Indirect, Ryan and Angela McInerney Trust)

Footnotes (5)

1. F1. Each restricted stock unit represents a contingent right to receive one share of Visa Inc. common stock or a cash equivalent of its value. The restricted stock units 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 award was granted on November 19, 2022.
2. F2. Each restricted stock unit represents a contingent right to receive one share of Visa Inc. common stock or a cash equivalent of its value. The restricted stock units 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 award was granted on November 19, 2023.
3. F3. Each restricted stock unit represents a contingent right to receive one share of Visa Inc. common stock or a cash equivalent of its value. The restricted stock units 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 award was granted on November 19, 2024.
4. F4. 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, 2025.
5. F5. Each restricted stock unit represents a contingent right to receive one share of Visa Inc. common stock or a cash equivalent of its value. The restricted stock units 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 award was granted on November 19, 2025.

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Accepted by SEC EDGAR 11/21/2025 - 05:27 PM Learn about SEC filing dates

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).

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^*

MCINERNEY RYAN

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
11/19/2025

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	11/19/2025		M		5,337	A	(1)	5,874	D
Class A Common Stock	11/19/2025		M		6,595	A	(2)	12,469	D
Class A Common Stock	11/19/2025		M		6,079	A	(3)	18,548	D
Class A Common Stock	11/19/2025		F		9,147	D	$324.12	9,401	D
Class A Common Stock	11/19/2025		G		7,800	D	$0	239,526	I	Ryan and Angela McInerney Trust

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
Restricted Stock Units	(1)	11/19/2025		M			5,337	(1)	(1)	Class A Common Stock	5,337	(1)	0	D
Restricted Stock Units	(2)	11/19/2025		M			6,595	(2)	(2)	Class A Common Stock	6,595	(2)	6,595	D
Restricted Stock Units	(3)	11/19/2025		M			6,079	(3)	(3)	Class A Common Stock	6,079	(3)	12,159	D
Employee Stock Option (Right to Buy)	$324.12	11/19/2025		A		96,748		(4)	11/19/2035	Class A Common Stock	96,748	$0	96,748	D
Restricted Stock Units	(5)	11/19/2025		A		22,754		(5)	(5)	Class A Common Stock	22,754	(5)	22,754	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. The restricted stock units 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 award was granted on November 19, 2022.

2. Each restricted stock unit represents a contingent right to receive one share of Visa Inc. common stock or a cash equivalent of its value. The restricted stock units 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 award was granted on November 19, 2023.

3. Each restricted stock unit represents a contingent right to receive one share of Visa Inc. common stock or a cash equivalent of its value. The restricted stock units 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 award was granted on November 19, 2024.

4. 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, 2025.

5. Each restricted stock unit represents a contingent right to receive one share of Visa Inc. common stock or a cash equivalent of its value. The restricted stock units 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 award was granted on November 19, 2025.

	/s/ Sue Choi, Attorney-In-Fact	11/21/2025
	** 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).
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