[Form 4] VISA INC. Insider Trading Activity

Rhea-AI Filing Summary

Visa Inc. (V) reported insider equity activity by its President of Technology. On November 19, 2025, multiple restricted stock unit (RSU) awards vested, resulting in the acquisition of 4,942, 4,174, and 3,607 shares of Class A common stock tied to grants from 2022, 2023, and 2024. To cover obligations, 6,418 shares were disposed of at $324.12 per share. On November 21, 2025, 6,305 shares were sold at $330 per share in a transaction made under a Rule 10b5-1 trading plan adopted on March 5, 2025, leaving 232,112 shares of Class A common stock beneficially owned.

The executive also received new equity awards on November 19, 2025, consisting of an option to buy 49,194 shares at an exercise price of $324.12 per share, expiring November 19, 2035, and a new grant of 11,570 RSUs. Both the options and RSUs vest in three equal annual installments, subject to earlier vesting in limited circumstances defined in the award agreements.

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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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).

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^*

Taneja Rajat

(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)
	PRESIDENT, TECHNOLOGY

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		4,942	A	(1)	237,054	D
Class A Common Stock	11/19/2025		M		4,174	A	(2)	241,228	D
Class A Common Stock	11/19/2025		M		3,607	A	(3)	244,835	D
Class A Common Stock	11/19/2025		F		6,418	D	$324.12	238,417	D
Class A Common Stock	11/21/2025		S(4)		6,305	D	$330	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	11/19/2025		M			4,942	(1)	(1)	Class A Common Stock	4,942	(1)	0	D
Restricted Stock Units	(2)	11/19/2025		M			4,174	(2)	(2)	Class A Common Stock	4,174	(2)	4,174	D
Restricted Stock Units	(3)	11/19/2025		M			3,607	(3)	(3)	Class A Common Stock	3,607	(3)	7,216	D
Employee Stock Option (Right to Buy)	$324.12	11/19/2025		A		49,194		(5)	11/19/2035	Class A Common Stock	49,194	$0	49,194	D
Restricted Stock Units	(6)	11/19/2025		A		11,570		(6)	(6)	Class A Common Stock	11,570	(6)	11,570	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 adopted by the reporting person on March 5, 2025.

5. 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.

6. 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.
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.

FAQ

What insider transaction did Visa (V) disclose in this Form 4?

Visa disclosed that its President, Technology had RSUs vest into Class A common stock, disposed of 6,418 shares at $324.12, and sold 6,305 shares at $330 per share under a Rule 10b5-1 trading plan.

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

After the reported transactions, the reporting person beneficially owns 232,112 shares of Visa Inc. Class A common stock, held directly.

What new equity awards did the Visa (V) executive receive?

The executive received an option to buy 49,194 shares of Class A common stock at $324.12 per share, expiring on November 19, 2035, and a new grant of 11,570 restricted stock units.

How do the restricted stock units for the Visa (V) executive vest?

Each RSU grant represents a right to one share of Visa common stock or a cash equivalent and generally vests in three equal installments on each of the first three anniversaries of the grant date, with potential earlier full vesting in limited circumstances set out in the award agreements.

What is the vesting schedule for the newly granted Visa (V) stock options?

The stock options granted on November 19, 2025 vest in three equal installments on each of the first three anniversaries of the grant date, subject to earlier vesting in limited circumstances described in the award agreement.

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

Yes. The sale of 6,305 shares at $330 on November 21, 2025 was made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 5, 2025.