[Form 4] VISA INC. Insider Trading Activity

Rhea-AI Filing Summary

Visa Inc. (V) filed a Form 4 for its Chief Risk & Client Services Officer reporting equity transactions on November 19 and 21, 2025. Several restricted stock units (RSUs) vested and were settled into Class A common stock, and shares were withheld to cover taxes. After these transactions, the executive directly owned 26,413 Visa Class A shares.

The filing shows a sale of 2,172 shares of Class A common stock on November 21, 2025 at a weighted average price of $325.9287 per share under a Rule 10b5-1 trading plan adopted on December 13, 2024. In addition, the executive received a new employee stock option to buy 24,597 Class A shares at an exercise price of $324.12 per share, expiring in 2035, along with a new grant of 5,785 RSUs that vest in three equal annual installments beginning one year after grant.

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
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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).

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^*

Fabara Paul D

(Last) (First) (Middle)

C/O VISA INC.

P.O. 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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CHIEF RISK & CLIENT SVCS OFC

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		1,582	A	(1)	27,995	D
Class A Common Stock	11/19/2025		M		1,503	A	(2)	29,498	D
Class A Common Stock	11/19/2025		M		1,336	A	(3)	30,834	D
Class A Common Stock	11/19/2025		F		2,249	D	$324.12	28,585	D
Class A Common Stock	11/21/2025		S(4)		2,172	D	$325.9287(5)	26,413	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
Restricted Stock Units	(1)	11/19/2025		M			1,582	(1)	(1)	Class A Common Stock	1,582	(1)	0	D
Restricted Stock Units	(2)	11/19/2025		M			1,503	(2)	(2)	Class A Common Stock	1,503	(2)	1,503	D
Restricted Stock Units	(3)	11/19/2025		M			1,336	(3)	(3)	Class A Common Stock	1,336	(3)	2,672	D
Employee Stock Option (Right to Buy)	$324.12	11/19/2025		A		24,597		(6)	11/19/2035	Class A Common Stock	24,597	$0	24,597	D
Restricted Stock Units	(7)	11/19/2025		A		5,785		(7)	(7)	Class A Common Stock	5,785	(7)	5,785	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. This transaction was made pursuant to a Rule 10b5-1 trading plan dated December 13, 2024 adopted by the reporting person.

5. The price reported in column 4 is a weighted average price. These shares were disposed of in multiple transactions at prices ranging from $325.3800 - $327.4001, 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.

6. 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.

7. 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What does the latest Form 4 for Visa Inc. (V) report?

The Form 4 reports equity transactions by Visa's Chief Risk & Client Services Officer, including the vesting of restricted stock units, tax share withholdings, an open-market sale of shares, and new grants of stock options and RSUs.

How many Visa (V) shares does the reporting officer own after these transactions?

After the reported transactions, the officer directly owns 26,413 shares of Visa Inc. Class A common stock.

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

The officer sold 2,172 shares of Visa Class A common stock on November 21, 2025 at a weighted average price of $325.9287 per share, with individual sale prices ranging from $325.3800 to $327.4001.

What new stock options were granted to the Visa (V) executive?

The executive received an employee stock option for 24,597 shares of Visa Class A common stock at an exercise price of $324.12 per share, expiring on November 19, 2035. These options vest in three equal annual installments starting one year after the grant date.

What restricted stock units (RSUs) were granted in this Form 4 for Visa (V)?

The filing reports a new grant of 5,785 RSUs, each representing a right to one share of Visa common stock or a cash equivalent. These RSUs vest in three equal installments on each of the first three anniversaries of the November 19, 2025 grant date.

Was the Visa (V) share sale made under a Rule 10b5-1 trading plan?

Yes. The sale of 2,172 shares on November 21, 2025 was made pursuant to a Rule 10b5-1 trading plan dated December 13, 2024 and adopted by the reporting person.

How do the RSUs for the Visa (V) executive generally vest?

The RSUs described in the filing, including prior awards from 2022, 2023, 2024 and the new 2025 grant, vest in three equal annual installments on each of the first three anniversaries of their respective grant dates, subject to earlier vesting in limited circumstances under the award agreements.