Visa Inc. (NYSE: V) executive exercises 37,281 options, then sells 57,272 shares

Rhea-AI Filing Summary

Visa Inc. reported insider equity transactions by a vice chair on 2026-07-30. The reporting person exercised 37,281 stock options at an exercise price of $109.82 per share into Class A common stock, then sold 37,281 and an additional 19,991 shares at weighted average prices of $365.0492 and $364.8112 in multiple transactions.

Insider Trade Summary

Exercise and sale activity reported; no spread calculated

Exercise and Sale 4 txns

Insider MAHON TULLIER KELLY

Role VICE CHAIR, CHF PPL & CORP AFF

Sold 57,272 shs ($20.90M)

Approx. gross sale proceeds $20.90M

Approx. exercise cost $4.09M

Type	Security	Shares	Price	Value
Exercise	Employee Stock Option (Right to Buy) F3	37,281	$0.00	$0.00
Exercise	Class A Common Stock	37,281	$109.82	$4.09M
Sale	Class A Common Stock F1	37,281	$365.0492	$13.61M
Sale	Class A Common Stock F2	19,991	$364.8112	$7.29M

Holdings After Transaction: Employee Stock Option (Right to Buy) — 0 shares (Direct); Class A Common Stock — 49,662 shares (Direct)

Footnotes (3)

1. F1. The price reported in column 4 is a weighted average price. These shares were disposed of in multiple transactions at prices ranging from $363.0000 - $366.5900, inclusive. The reporting person undertakes to provide to Visa Inc., any security holder of Visa Inc., or the staff of the Securities & Exchange Commission, upon request, full information regarding the number of shares disposed of at each separate price within the ranges set forth in this Form 4.
2. F2. The price reported in column 4 is a weighted average price. These shares were disposed of in multiple transactions at prices ranging from $363.0000 - $365.1500, inclusive. The reporting person undertakes to provide to Visa Inc., any security holder of Visa Inc., or the staff of the Securities & Exchange Commission, upon request, full information regarding the number of shares disposed of at each separate price within the ranges set forth in this Form 4.
3. F3. 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.

Key Figures

Stock options exercised: 37,281 shares Common shares sold: 57,272 shares Option exercise price: $109.82 per share +5 more

8 metrics

Stock options exercised 37,281 shares Employee Stock Option (Right to Buy) exercised on 2026-07-30 at $109.82 per share

Common shares sold 57,272 shares Total Class A shares disposed of in two sale transactions on 2026-07-30

Option exercise price $109.82 per share Conversion or exercise price of Employee Stock Option expiring 2027-11-19

Sale price (37,281 shares) $365.0492 per share Weighted average price for sale of 37,281 Class A shares in multiple trades

Sale price (19,991 shares) $364.8112 per share Weighted average price for sale of 19,991 Class A shares in multiple trades

Option expiration date 2027-11-19 Expiration date of the Employee Stock Option grant exercised

Price range for 37,281-share sale $363.0000–$366.5900 per share Range of individual trade prices noted in weighted average price footnote F1

Price range for 19,991-share sale $363.0000–$365.1500 per share Range of individual trade prices noted in weighted average price footnote F2

Key Terms

Employee Stock Option (Right to Buy), weighted average price, expiration date

3 terms

Employee Stock Option (Right to Buy) financial

"Security title reported as Employee Stock Option (Right to Buy)"

weighted average price financial

"The price reported in column 4 is a weighted average price"

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

expiration date financial

"Expiration date reported as 2027-11-19 for the stock option"

The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/31/2026 - 04:12 PM Accepted by SEC EDGAR 07/31/2026 - 04:12 PM Learn about SEC filing dates

FAQ

What insider transactions did Visa (V) report on 2026-07-30?

Visa reported that a vice chair exercised 37,281 stock options and sold 57,272 Class A shares on 2026-07-30. The options had a $109.82 exercise price and converted into common stock, which was then sold in two weighted‑average price transactions disclosed as sales.

How many Visa (V) shares were sold and at what prices?

The insider sold a total of 57,272 Class A shares. One block of 37,281 shares was sold at a weighted average price of $365.0492 per share and another 19,991 shares at a weighted average price of $364.8112, across multiple trades within disclosed price ranges.

What Visa (V) stock options were exercised in this Form 4?

The filing shows exercise of 37,281 Employee Stock Options with a conversion price of $109.82 per share, expiring on 2027-11-19. Footnotes state these options vest in three equal installments from a grant made on 2017-11-19, subject to limited earlier vesting conditions.

Were the Visa (V) insider share sales executed in multiple trades?

Yes. Footnotes state the reported prices are weighted average prices. The 37,281-share sale occurred in multiple trades between $363.0000 and $366.5900, while the 19,991-share sale involved trades between $363.0000 and $365.1500, with full breakdowns available on request.

Did the Visa (V) insider transactions involve a Rule 10b5-1 trading plan?

The Form 4 indicates the Rule 10b5-1 checkbox was not marked as affirmatively adopting a trading plan. The transactions are therefore reported without any accompanying statement that they were executed under a pre-arranged Rule 10b5-1 trading arrangement.

What happened to the Visa (V) stock options after the exercise?

After exercising 37,281 options, the option position reported for that grant dropped to 0 shares remaining. The options had been scheduled to vest in three equal annual installments, with an expiration date of 2027-11-19, and were converted into Class A common stock.

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^*

MAHON TULLIER KELLY

(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)
	VICE CHAIR, CHF PPL & CORP AFF

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/30/2026

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	07/30/2026		M		37,281	A	$109.82	106,934	D
Class A Common Stock	07/30/2026		S		37,281	D	$365.0492(1)	69,653	D
Class A Common Stock	07/30/2026		S		19,991	D	$364.8112(2)	49,662	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	07/30/2026		M			37,281	(3)	11/19/2027	Class A Common Stock	37,281	$0	0	D

Explanation of Responses:

1. The price reported in column 4 is a weighted average price. These shares were disposed of in multiple transactions at prices ranging from $363.0000 - $366.5900, inclusive. The reporting person undertakes to provide to Visa Inc., any security holder of Visa Inc., or the staff of the Securities & Exchange Commission, upon request, full information regarding the number of shares disposed of at each separate price within the ranges set forth in this Form 4.

2. The price reported in column 4 is a weighted average price. These shares were disposed of in multiple transactions at prices ranging from $363.0000 - $365.1500, inclusive. The reporting person undertakes to provide to Visa Inc., any security holder of Visa Inc., or the staff of the Securities & Exchange Commission, upon request, full information regarding the number of shares disposed of at each separate price within the ranges set forth in this Form 4.

3. 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	07/31/2026
	** 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)