---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-131519"
form_type: "8-K"
ticker: "V"
cik: "0001403161"
company_name: "VISA INC."
filed_at: "2024-05-06T23:59:59+00:00"
generated_at: "2026-06-02T21:54:17.338158+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Visa completes exchange of 98% of Class B-1 common stock for B-2 and C shares

## Summary
- 240,677,470 Class B-1 shares tendered in exchange offer that expired May 3, 2024.
- Visa will issue 120,338,683 Class B-2 and 47,759,832 Class C shares in exchange.
- Cash paid for fractional shares based on $268.49 Class A closing price on expiration date.
- Accepted shares represent 98% of outstanding Class B-1 common stock.
- Settlement will occur promptly after announcement on May 6, 2024.

## SEC filing metadata
- accession: 0001193125-24-131519
- form_type: 8-K
- ticker: V
- cik: 0001403161
- company_name: VISA INC.
- filed_at: 2024-05-06T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1403161/000119312524131519/0001193125-24-131519-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1403161/000119312524131519/d835374d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-131519
- JSON: https://secwatch.observer/filing/0001193125-24-131519.json
- Plain text: https://secwatch.observer/filing/0001193125-24-131519.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.