Visa (V) executive nets 53,202 shares after performance award and tax sale

Rhea-AI Filing Summary

Visa Inc. executive reports equity award activity. On 11/30/2025, a Visa Inc. officer serving as Vice Chair, Chief People & Corporate Affairs exercised a performance share award that delivered 27,786 shares of Class A common stock. To cover associated obligations, 14,087 shares of Class A common stock were disposed of at $334.44 per share, leaving the executive with 53,202 shares of Class A common stock held directly after the transactions.

The filing notes that each restricted stock unit or performance share represents a contingent right to receive one Visa share or its cash equivalent, and that the performance shares were earned based on a three-year performance period under the Visa Inc. 2007 Equity Incentive Compensation Plan.

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).

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^*

MAHON TULLIER KELLY

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	VICE CHAIR, CHF PPL & CORP AFF

3. Date of Earliest Transaction (Month/Day/Year)
11/30/2025

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	11/30/2025		M		27,786	A	(1)	67,289	D
Class A Common Stock	11/30/2025		F		14,087	D	$334.44	53,202	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
Performance Share Award	(1)	11/30/2025		A		27,786		(2)	(2)	Class A Common Stock	27,786	(1)	27,786	D
Performance Share Award	(1)	11/30/2025		M			27,786	(2)	(2)	Class A Common Stock	27,786	(1)	0	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.

2. Represents performance shares earned pursuant to the November 19, 2022 award under the Visa Inc. 2007 Equity Incentive Compensation Plan. The number of performance shares earned was determined on the basis of the applicable 3-year performance period.

	/s/ Sue Choi, Attorney-In-Fact	12/02/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did Visa (V) report for 11/30/2025?

A Visa Inc. officer reported exercising a performance share award for 27,786 shares of Class A common stock and disposing of 14,087 shares, with the balance retained as direct ownership.

Who is the reporting person in this Visa (V) Form 4 filing and what is their role?

The reporting person is a Visa Inc. officer serving as Vice Chair, Chief People & Corporate Affairs, reporting personal transactions in Visa Class A common stock and related equity awards.

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

Following the 11/30/2025 transactions, the reporting officer beneficially owns 53,202 shares of Visa Inc. Class A common stock in direct ownership.

At what price were Visa (V) shares disposed of in this insider transaction?

The filing reports a disposition of 14,087 shares of Visa Inc. Class A common stock at a price of $334.44 per share, coded as a tax-related transaction.

What are the performance shares referenced in the Visa (V) insider filing?

The performance shares represent awards under the Visa Inc. 2007 Equity Incentive Compensation Plan, with 27,786 shares earned based on a three-year performance period from a November 19, 2022 grant.

How do Visa (V) restricted stock units work according to this filing?

Each Visa restricted stock unit or performance share represents a contingent right to receive one share of Visa Inc. common stock or a cash equivalent of its value upon vesting and settlement.