Visa SEC Filings

Visa Inc. reported that on September 25, 2025 it deposited $500 million into its U.S. litigation escrow account under the company's U.S. retrospective responsibility plan. That deposit triggered adjustments to the conversion rates for its class B-1 and B-2 common stock, lowering the B-1 rate from 1.5609 to 1.5549 and the B-2 rate from 1.5342 to 1.5223, effective September 25, 2025. Because those conversion-rate changes reduce the number of shares on an as-converted basis, the as-converted B-1 share count fell by approximately 28,885 to 7,518,496 and the as-converted B-2 share count fell by approximately 1,437,724 to 183,187,821. The company states the adjustments have the same effect on earnings per share as repurchasing class A common stock. Calculations used the 5-day volume-weighted average price from September 18–24, 2025 as required by the certificate of incorporation.

Visa Inc. authorized a $500 million deposit into its U.S. litigation escrow account under its U.S. retrospective responsibility plan. The filing states that when the Company funds this escrow, the conversion rates for its class B-1 and B-2 common stock (mainly held by U.S. financial institutions and their affiliates) will be adjusted downward, which reduces the number of class A shares those B shares convert into. The company notes this produces the same earnings-per-share effect as repurchasing class A common stock. The deposit and conversion-rate adjustments will follow the Company’s certificate of incorporation currently in effect.

Visa Inc. (V) insider Ryan McInerney executed equity transactions under a 10b5-1 plan on 09/02/2025. The filing shows Mr. McInerney exercised 10,485 employee stock options at an exercise price of $109.82 and concurrently sold 10,485 Class A shares at a weighted-average price of $348.5653 (individual sale prices ranged $346.55–$349.31). After these transactions the filing reports 11,022 Class A shares beneficially owned directly and 247,326 Class A shares held indirectly through the Ryan and Angela McInerney Trust. The filing discloses the option grant date of 11/19/2017 and vesting in three equal annual installments, and it notes the transactions were made pursuant to a Rule 10b5-1 trading plan dated May 15, 2025.

Form 144 notice for Visa Inc. (V) shows that 10,485 shares of Class A/Common stock are planned for sale through Merrill Lynch on 09/02/2025 on the New York Stock Exchange with an aggregate market value of $3,654,707.49. The shares were acquired on 09/02/2025 by exercise of nonqualified stock options from Visa Inc., with payment classified as a compensatory payment. The filer appears to be Ryan McInerney, who previously sold 8,630 shares on 07/01/2025 for $3,053,466.60, 8,620 shares on 06/02/2025 for $3,127,077.40, and 10,485 shares on 08/14/2025 for $3,597,718.05. Certain standard issuer and contact fields in the form are blank or not provided in the supplied content.

Julie B. Rottenberg, General Counsel of Visa Inc. (V), reported purchases and sales under a Rule 10b5-1 plan dated May 7, 2025. On 08/18/2025 she exercised 2,027 employee stock options with a $109.82 exercise price and simultaneously sold 2,027 Class A shares at $344.02, leaving her with 11,925 shares beneficially owned. The exercised options were originally granted on 11/19/2017 and vest in three equal installments on each of the first three anniversaries of the grant, subject to limited earlier vesting. Transactions were reported by an attorney-in-fact on 08/19/2025.

Peter M. Andreski, Visa Inc. officer (GBL Corp Controller, CAO), reported equity transactions on Form 4 filed August 19, 2025. The filing shows 4,169 restricted stock units (RSUs) treated as acquired under Code M and reflected as 4,169 underlying shares, and a separate non-derivative sale of 1,688 Class A common shares at $344.47 each. After the reported transactions, the filing indicates beneficial ownership counts of 8,657 and 6,969 shares in the non-derivative table and 4,170 derivative shares beneficially owned. The RSUs were originally granted on August 15, 2023 and vest 50% on the second grant anniversary and 50% on the third, with limited earlier vesting circumstances as described in the award agreement.

Visa Inc. (V) Form 4 by Chief Financial Officer Chris Suh reports transactions on 08/15/2025. The reporting person acquired 15,289 restricted stock units (RSUs) that represent contingent rights to receive one share of Visa common stock (or cash equivalent) and sold 7,150 Class A common shares at a price of $344.47 per share. The filing shows beneficial ownership following the transactions of 24,853 and 17,703 shares on the respective lines. The RSUs were originally granted on August 15, 2023 and vest in three equal annual installments starting on the grant anniversary, subject to limited earlier vesting as specified in the award agreement.

Visa Inc. (V) submitted a Form 144 notifying a proposed sale of securities. The filing lists 2,027 common shares to be sold through Merrill Lynch with an aggregate market value of $697,328.54, and reports approximately 1,698,682,527 shares outstanding. The approximate date of sale is 08/18/2025 on the New York exchange. The shares were acquired on 08/18/2025 by exercise of non-qualified stock options from Visa Inc., and the payment is described as compensatory. The filer reports no securities sold in the past three months and affirms no undisclosed material information.

Ryan McInerney, Chief Executive Officer and Director of Visa Inc., reported transactions under a Rule 10b5-1 trading plan. On 08/14/2025 he exercised 10,485 employee stock options with an exercise price of $109.82 per share, resulting in acquisition of 10,485 Class A shares. The same day he sold 10,485 Class A shares at $343.13 per share. After these transactions the filing shows 11,022 Class A shares owned directly and 247,326 Class A shares held indirectly via the Ryan and Angela McInerney Trust. The options report indicates 115,340 options remain beneficially owned following the reported transactions. The filing notes the trades were pursuant to a 10b5-1 plan dated May 15, 2025.