[Form 4] VISA INC. Insider Trading Activity

Rhea-AI Filing Summary

Visa Inc. (V) reported insider equity activity by its Vice Chair, Chief People and Corporate Affairs officer on a Form 4 dated 11/19/2025. Several tranches of previously granted restricted stock units (RSUs) vested and were converted into Class A common stock, including 2,847, 2,504, and 2,004 shares tied to awards originally granted in 2022, 2023, and 2024. To cover related obligations, 3,700 shares were disposed of at a price of $324.12 per share.

The insider also received new equity awards. An employee stock option covering 27,877 shares of Class A common stock at an exercise price of $324.12 per share was granted, expiring on 11/19/2035 and vesting in three equal annual installments. In addition, a new RSU award of 6,556 units was granted, also vesting in three equal installments starting one year from the grant date.

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

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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)
11/19/2025

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		2,847	A	(1)	38,695	D
Class A Common Stock	11/19/2025		M		2,504	A	(2)	41,199	D
Class A Common Stock	11/19/2025		M		2,004	A	(3)	43,203	D
Class A Common Stock	11/19/2025		F		3,700	D	$324.12	39,503	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			2,847	(1)	(1)	Class A Common Stock	2,847	(1)	0	D
Restricted Stock Units	(2)	11/19/2025		M			2,504	(2)	(2)	Class A Common Stock	2,504	(2)	2,505	D
Restricted Stock Units	(3)	11/19/2025		M			2,004	(3)	(3)	Class A Common Stock	2,004	(3)	4,009	D
Employee Stock Option (Right to Buy)	$324.12	11/19/2025		A		27,877		(4)	11/19/2035	Class A Common Stock	27,877	$0	27,877	D
Restricted Stock Units	(5)	11/19/2025		A		6,556		(5)	(5)	Class A Common Stock	6,556	(5)	6,556	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. 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.

5. 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.
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FAQ

What insider activity did Visa (V) report in this Form 4?

Visa reported that its Vice Chair, Chief People and Corporate Affairs officer had multiple restricted stock unit (RSU) tranches vest into Class A common stock and reported related share dispositions.

How many Visa shares were sold and at what price?

The reporting person disposed of 3,700 shares of Visa Class A common stock at a price of $324.12 per share in a transaction coded "F".

What new stock options were granted to the Visa executive?

The executive received an employee stock option covering 27,877 shares of Visa Class A common stock with an exercise price of $324.12 per share, expiring on 11/19/2035 and vesting in three equal annual installments.

What new RSUs did the Visa insider receive?

The insider was granted 6,556 restricted stock units, each representing a right to receive one share of Visa common stock or a cash equivalent, vesting in three equal installments on each of the first three anniversaries of the 11/19/2025 grant date.

What RSU awards vested for the Visa officer on 11/19/2025?

RSUs from awards granted on 11/19/2022, 11/19/2023, and 11/19/2024 vested, converting 2,847, 2,504, and 2,004 units, respectively, into Visa Class A common stock.

What is the vesting schedule of the Visa RSU and option awards?

Both the RSU and option awards vest in three equal installments on each of the first three anniversaries of their grant dates, subject to earlier full vesting in limited circumstances described in the award agreements.