Visa (V) President, Technology reports performance share vesting and insider stock sales

Q: What insider transactions did Visa (V) report for the President, Technology?

The President, Technology of Visa Inc. reported performance share vesting of 48,239 Class A shares on 11/30/2025 , followed by dispositions of 24,496 shares at $334.44 on the same date and an open-market sale of 23,743 shares at a weighted average price of $330.1447 on 12/02/2025 .

Q: What type of equity awards were involved in this Visa (V) Form 4?

The filing reports a performance share award tied to Visa Inc. Class A common stock. A performance share award gives the holder the right to receive shares based on achieving specified performance goals over a defined period.

Q: Were the Visa (V) insider sales made under a Rule 10b5-1 trading plan?

Yes. The 12/02/2025 sale of 23,743 shares at a weighted average price of $330.1447 was made under a Rule 10b5-1 trading plan adopted by the reporting person on March 5, 2025 .

Q: How were the performance shares in this Visa (V) Form 4 earned?

The filing states that the performance shares were earned under a November 19, 2022 award pursuant to the Visa Inc. 2007 Equity Incentive Compensation Plan , based on results over an applicable 3-year performance period .

Filing Impact

(Very High)

Filing Sentiment

(Very Negative)

Form Type

Rhea-AI Filing Summary

Visa Inc. officer reports equity award vesting and share sale. On 11/30/2025, Visa Inc.'s President, Technology reported the vesting and settlement of a performance share award covering 48,239 shares of Class A common stock, increasing direct holdings to 280,351 shares. On the same date, 24,496 shares were disposed of at $334.44 per share, typically reflecting shares withheld or sold for tax purposes, leaving 255,855 shares directly held. On 12/02/2025, 23,743 shares were sold in an open-market transaction at a weighted average price of $330.1447, reducing direct ownership to 232,112 shares. The 12/02/2025 sale was executed under a Rule 10b5-1 trading plan adopted on March 5, 2025.

Insider Trade Summary

Net Seller: 23,743 shares ($7,838,626)

Net Sell 5 txns

Insider Taneja Rajat

Role PRESIDENT, TECHNOLOGY

Sold 23,743 shs ($7.84M)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	23,743	$330.1447	$7.84M
Grant/Award	Performance Share Award	48,239	$0.00	--
Exercise	Performance Share Award	48,239	$0.00	--
Exercise	Class A Common Stock	48,239	$0.00	--
Tax Withholding	Class A Common Stock	24,496	$334.44	$8.19M

Holdings After Transaction: Class A Common Stock — 232,112 shares (Direct); Performance Share Award — 48,239 shares (Direct)

Footnotes (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. This transaction was made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 5, 2025. The price reported in column 4 is a weighted average price. These shares were disposed of in multiple transactions at prices ranging from $330.0000 - $330.7200, 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. 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.

Form 4 Insider Transactions: What Each Field Means →

12/02/2025 - 04:20 PM

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).

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^*

Taneja Rajat

(Last)

(First)

(Middle)

C/O VISA INC.

P.O. BOX 8999

(Street)

SAN FRANCISCO

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)
	PRESIDENT, TECHNOLOGY

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	11/30/2025		M		48,239	A	⁽¹⁾	280,351	D
Class A Common Stock	11/30/2025		F		24,496	D	$334.44	255,855	D
Class A Common Stock	12/02/2025		S⁽²⁾		23,743	D	$330.1447⁽³⁾	232,112	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Performance Share Award	⁽¹⁾	11/30/2025		A		48,239		⁽⁴⁾	⁽⁴⁾	Class A Common Stock	48,239	⁽¹⁾	48,239	D
Performance Share Award	⁽¹⁾	11/30/2025		M			48,239	⁽⁴⁾	⁽⁴⁾	Class A Common Stock	48,239	⁽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. This transaction was made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 5, 2025.

3. The price reported in column 4 is a weighted average price. These shares were disposed of in multiple transactions at prices ranging from $330.0000 - $330.7200, 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.

4. 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.
* 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Visa (V) report for the President, Technology?

The President, Technology of Visa Inc. reported performance share vesting of 48,239 Class A shares on 11/30/2025, followed by dispositions of 24,496 shares at $334.44 on the same date and an open-market sale of 23,743 shares at a weighted average price of $330.1447 on 12/02/2025.

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

After the reported transactions, the President, Technology directly owns 232,112 shares of Visa Inc. Class A common stock.

What type of equity awards were involved in this Visa (V) Form 4?

The filing reports a performance share award tied to Visa Inc. Class A common stock. A performance share award gives the holder the right to receive shares based on achieving specified performance goals over a defined period.

Were the Visa (V) insider sales made under a Rule 10b5-1 trading plan?

Yes. The 12/02/2025 sale of 23,743 shares at a weighted average price of $330.1447 was made under a Rule 10b5-1 trading plan adopted by the reporting person on March 5, 2025.

What does each restricted stock unit in the Visa (V) filing represent?

Each restricted stock unit represents a contingent right to receive one share of Visa Inc. common stock or a cash equivalent of its value, according to the disclosure.

How were the performance shares in this Visa (V) Form 4 earned?

The filing states that the performance shares were earned under a November 19, 2022 award pursuant to the Visa Inc. 2007 Equity Incentive Compensation Plan, based on results over an applicable 3-year performance period.