[Form 4] VISA Inc. Insider Trading Activity

Rhea-AI Filing Summary

Visa Inc. (V) insider Ryan McInerney executed equity transactions under a 10b5-1 plan on 09/02/2025. The filing shows Mr. McInerney exercised 10,485 employee stock options at an exercise price of $109.82 and concurrently sold 10,485 Class A shares at a weighted-average price of $348.5653 (individual sale prices ranged $346.55–$349.31). After these transactions the filing reports 11,022 Class A shares beneficially owned directly and 247,326 Class A shares held indirectly through the Ryan and Angela McInerney Trust. The filing discloses the option grant date of 11/19/2017 and vesting in three equal annual installments, and it notes the transactions were made pursuant to a Rule 10b5-1 trading plan dated May 15, 2025.

Positive

• Transactions executed under a Rule 10b5-1 plan, providing documented affirmative defense conditions
• Complete disclosure of option exercise and sale prices, including range for disposals ($346.55–$349.31)
• Detailed beneficial ownership reported including direct and indirect holdings and option vesting schedule

Negative

• Insider sold 10,485 shares, representing a reduction of direct holdings (from 11,022 reported post-exercise to 537 reported after sale on the second line)
• Weighted-average sale price reported as $348.5653 without breakdown by individual trade in the form (the filer offers to provide details upon request)

Insights

Financial Analyst

TL;DR: Insider exercised options and sold an equal number of shares under a 10b5-1 plan, realizing proceeds at a ~3x multiple vs exercise price.

The report documents a routine option exercise and contemporaneous sale executed under a Rule 10b5-1 plan, with an exercise price of $109.82 and disposals at a weighted-average of $348.5653. The transaction size (10,485 shares) is modest relative to the reported indirect trust holdings of 247,326 shares. This filing is informational about insider liquidity actions but does not disclose company operational metrics or material corporate events.

Corporate Governance Expert

TL;DR: Disclosure aligns with Section 16 reporting and cites an explicit 10b5-1 plan, indicating preplanned insider trading.

The Form 4 clearly states the trades were made pursuant to a Rule 10b5-1 trading plan dated May 15, 2025, which provides affirmative defense under Rule 10b5-1(c). The filing includes required option grant, vesting, and beneficial ownership details, and it is signed via attorney-in-fact, satisfying signature requirements. No governance concerns or unusual noncompliance are evident from the information provided.

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^*

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)
09/02/2025

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	09/02/2025		M(1)		10,485	A	$109.82	11,022	D
Class A Common Stock	09/02/2025		S(1)		10,485	D	$348.5653(2)	537	D
Class A Common Stock								247,326	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
Employee Stock Option (Right to Buy)	$109.82	09/02/2025		M(1)			10,485	(3)	11/19/2027	Class A Common Stock	10,485	$0	104,855	D

Explanation of Responses:

1. This transaction was made pursuant to a Rule 10b5-1 trading plan dated May 15, 2025 adopted by the reporting person.

2. The price reported in column 4 is a weighted average price. These shares were disposed of in multiple transactions at prices ranging from $346.5500-$349.3100, 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	09/03/2025
	** 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).
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.

FAQ

What trades did Visa insider Ryan McInerney report on Form 4 (V)?

The Form 4 reports that on 09/02/2025 Mr. McInerney exercised 10,485 options at $109.82 and sold 10,485 Class A shares at a weighted-average price of $348.5653.

Were the transactions made under a prearranged plan for Visa (V)?

Yes. The filing states the transactions were made pursuant to a Rule 10b5-1 trading plan dated May 15, 2025.

How many Visa (V) shares does Ryan McInerney beneficially own after these transactions?

The Form 4 reports 11,022 Class A shares beneficially owned directly (per one line) and 247,326 Class A shares held indirectly through the Ryan and Angela McInerney Trust.

What option details are disclosed in the Form 4 for Visa (V)?

The option was granted on 11/19/2017, vests in three equal annual installments, had an exercise price of $109.82, and 10,485 options were exercised on 09/02/2025.

What price range were the sold shares disposed at in the Visa (V) filing?

The filing discloses the sold shares were disposed in multiple transactions at prices ranging from $346.55 to $349.31.