Visa Inc. (V) CEO McInerney sells 10,485 shares after option exercise

Rhea-AI Filing Summary

Visa Inc. reported an insider stock transaction by its Chief Executive Officer and director, Ryan McInerney. On 12/11/2025, he exercised 10,485 employee stock options at an exercise price of $109.82 per share and acquired the same number of Class A common shares. On the same day, he sold 10,485 Class A shares in an open market transaction at a weighted average price of $340.0702 per share, under a Rule 10b5-1 trading plan adopted on May 15, 2025.

After these transactions, McInerney directly owned 9,401 Class A shares and held 265,168 Class A shares indirectly through the Ryan and Angela McInerney Trust, where he and his spouse are trustees and beneficiaries. He also held 73,400 employee stock options following the reported activity.

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

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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^*

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)
12/11/2025

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	12/11/2025		M(1)		10,485	A	$109.82	19,886	D
Class A Common Stock	12/11/2025		S(1)		10,485	D	$340.0702(2)	9,401	D
Class A Common Stock								265,168(3)	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	12/11/2025		M(1)			10,485	(4)	11/19/2027	Class A Common Stock	10,485	$0	73,400	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 $340.0000-$340.2700, 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. Since the date of the reporting person's last ownership report, 25,642 shares which were previously held directly were transferred to the Ryan and Angela McInerney Trust, of which the Reporting Person and his wife, Angela, are the sole trustees and beneficiaries.

4. 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	12/12/2025
	** 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).
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FAQ

What insider transaction did Visa Inc. (V) report for its CEO?

Visa Inc. reported that CEO and director Ryan McInerney exercised 10,485 employee stock options and sold 10,485 Class A common shares on 12/11/2025.

At what prices did Visa Inc. (V) CEO Ryan McInerney exercise and sell shares?

Ryan McInerney exercised options at an exercise price of $109.82 per share and sold the resulting 10,485 Class A shares at a weighted average price of $340.0702 per share.

Was the Visa Inc. (V) CEO stock sale part of a Rule 10b5-1 trading plan?

Yes. The filing states that the transaction was made under a Rule 10b5-1 trading plan dated May 15, 2025 that was adopted by Ryan McInerney.

How many Visa Inc. (V) shares does Ryan McInerney own directly after the transaction?

Following the reported transactions, Ryan McInerney directly owned 9,401 shares of Visa Inc. Class A common stock.

What is the size of Ryan McInerney’s indirect Visa Inc. (V) holdings?

Ryan McInerney indirectly held 265,168 Class A shares through the Ryan and Angela McInerney Trust, where he and his spouse are the sole trustees and beneficiaries.

How many stock options does the Visa Inc. (V) CEO hold after this Form 4?

After the reported transactions, Ryan McInerney held 73,400 employee stock options, including options that were exercisable into Visa Inc. Class A common stock.

What additional share transfer involving the Visa Inc. (V) CEO was disclosed?

The filing notes that since his last ownership report, 25,642 shares previously held directly were transferred to the Ryan and Angela McInerney Trust.