Teri List (NYSE: V) reports 861 direct, 3,666 trust shares

Rhea-AI Filing Summary

Visa Inc. director Teri L. List reported changes in her shareholdings. On January 27, 2026, she acquired 861 shares of Visa Class A common stock at a reported price of $0 per share, held directly after the transaction.

She also reported 3,666 Visa Class A shares held indirectly through the Teri L. List Revocable Trust. A footnote explains that 777 shares previously held directly were transferred into this trust, where she is the sole trustee and beneficiary.

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

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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).

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^*

List Teri

(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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/27/2026

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	01/27/2026		A		861	A	$0	861	D
Class A Common Stock								3,666(1)	I	Teri L. List Revocable 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

Explanation of Responses:

1. Since the date of the reporting person's last ownership report, 777 shares which were previously held directly were transferred to the Teri L. List Revocable Trust, of which Ms. List is the sole trustee and beneficiary.

	/s/ Sue Choi, Attorney-In-Fact	01/28/2026
	** 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).
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FAQ

What insider transaction did Visa (V) director Teri L. List report?

Teri L. List reported acquiring 861 shares of Visa Class A common stock on January 27, 2026 at a reported price of $0 per share, increasing her directly held position to 861 shares.

How many Visa (V) shares does Teri L. List hold directly after this Form 4?

After the reported transaction, Teri L. List holds 861 Visa Class A shares directly. These shares were acquired on January 27, 2026 in a transaction coded "A" with a reported price of $0 per share.

What is the role of the Teri L. List Revocable Trust in Visa (V) share ownership?

The filing shows 3,666 Visa Class A shares held indirectly through the Teri L. List Revocable Trust. A footnote states 777 shares previously held directly were transferred to this trust, where she is sole trustee and beneficiary.

Did Teri L. List pay cash for the 861 Visa (V) shares reported?

The Form 4 lists a transaction price of $0 per share for the 861 Visa Class A shares acquired on January 27, 2026, indicating no cash consideration was reported for this acquisition.

What does transaction code "A" mean in Teri L. List’s Visa (V) Form 4?

In this Form 4, transaction code "A" is used for the acquisition of 861 Visa Class A shares on January 27, 2026 at a reported price of $0 per share, indicating an acquisition rather than a sale.

How are Teri L. List’s indirect Visa (V) holdings classified in the Form 4?

The Form 4 classifies 3,666 Visa Class A shares as held indirectly, with the nature of ownership described as the Teri L. List Revocable Trust. This separate line item distinguishes them from her directly held 861 shares.