STOCK TITAN

Visa general counsel sells 2,028 shares at $381

(Neutral)
(Neutral)
Form Type
4

Rhea-AI Filing Summary

VISA INC. (V) reported that its General Counsel, Julie B. Rottenberg, exercised employee stock options for 2,028 shares of Class A Common Stock at an exercise price of $109.82 per share on August 31, 2026 and sold 2,028 shares at $381.35 per share the same day. The option grant, originally awarded on November 19, 2017 and expiring November 19, 2027, was fully exercised, leaving 0 options from this grant. These transactions were executed pursuant to a Rule 10b5-1 trading plan dated June 1, 2026.

Positive

  • None.

Negative

  • None.
Insider ROTTENBERG JULIE B
Role GENERAL COUNSEL
Sold 2,028 shs ($773K)
Approx. gross sale proceeds $773K
Approx. exercise cost $223K
Approx. pre-tax spread $551K
Type Security Shares Price Value
Exercise Employee Stock Option (Right to Buy) F1, F2 2,028 $0.00 $0.00
Exercise Class A Common Stock F1 2,028 $109.82 $223K
Sale Class A Common Stock F1 2,028 $381.35 $773K
Holdings After Transaction: Employee Stock Option (Right to Buy) — 0 shares (Direct); Class A Common Stock — 18,404 shares (Direct)
Footnotes (2)
  1. F1. This transaction was made pursuant to a Rule 10b5-1 trading plan dated June 1, 2026 adopted by the reporting person.
  2. F2. 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.
Options exercised 2,028 shares Employee Stock Option (Right to Buy) exercised on August 31, 2026
Option exercise price $109.82 per share Exercise of Employee Stock Option for 2,028 shares
Sale shares 2,028 shares Class A Common Stock sold on August 31, 2026
Sale price $381.35 per share Sale of 2,028 shares of Class A Common Stock
Option grant date November 19, 2017 Grant date of exercised Employee Stock Option
Option expiration date November 19, 2027 Expiration date of exercised Employee Stock Option
Remaining options from this grant 0 options Total shares following derivative transaction for this option grant
Rule 10b5-1 plan adoption date June 1, 2026 Trading plan governing the reported transactions
Rule 10b5-1 trading plan regulatory
"This transaction was made pursuant to a Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
Employee Stock Option (Right to Buy) financial
"security_title: Employee Stock Option (Right to Buy)"
Class A Common Stock financial
"underlying_security_title: Class A Common Stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
Exercise or conversion of derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"

FAQ

What insider transaction did VISA INC. (V) report for Julie B. Rottenberg?

VISA INC. reported that General Counsel Julie B. Rottenberg exercised options for 2,028 shares of Class A Common Stock and sold 2,028 shares on August 31, 2026. The exercise price was $109.82 per share and the sale price was $381.35 per share.

Were Julie B. Rottenberg’s VISA (V) share transactions under a Rule 10b5-1 plan?

Yes. The filing states the transactions were made pursuant to a Rule 10b5-1 trading plan dated June 1, 2026 adopted by Julie B. Rottenberg. This indicates the trades were pre-arranged rather than timed opportunistically.

What stock option grant did Julie B. Rottenberg exercise at VISA INC. (V)?

She exercised an Employee Stock Option (Right to Buy) for 2,028 shares of Class A Common Stock with an exercise price of $109.82 per share. The option was granted on November 19, 2017 and carried an expiration date of November 19, 2027.

How many VISA (V) shares did Julie B. Rottenberg sell and at what price?

She sold 2,028 shares of VISA INC. Class A Common Stock on August 31, 2026 at a reported price of $381.35 per share, following the same-day exercise of an equal number of stock options.

What happened to Julie B. Rottenberg’s exercised VISA (V) stock options after the transaction?

After exercising the option for 2,028 shares, the reported remaining balance for that specific option grant is 0 options. The Form 4 does not state her overall remaining option or share holdings beyond this grant.

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

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Learn about SEC filing dates
SEC Form 4
FORM 4UNITED 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*
ROTTENBERG JULIE B

(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
GENERAL COUNSEL
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/31/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Class A Common Stock08/31/2026M(1)2,028A$109.8220,432D
Class A Common Stock08/31/2026S(1)2,028D$381.3518,404D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Employee Stock Option (Right to Buy)$109.8208/31/2026M(1)2,028 (2)11/19/2027Class A Common Stock2,028$00D
Explanation of Responses:
1. This transaction was made pursuant to a Rule 10b5-1 trading plan dated June 1, 2026 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-Fact09/01/2026
** Signature of Reporting PersonDate
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)