{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-215875","form_type":"8-K","ticker":"V","cik":"0001403161","company_name":"VISA INC.","filed_at":"2026-05-11T13:10:25+00:00","discovered_at":"2026-05-11T14:49:57.127956+00:00","generated_at":"2026-05-11T18:18:26.453196+00:00","sec_items":["7.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Visa exchange offer for Class B-1/B-2 expires; 122.5M shares tendered","bullets":["2.7M Class B-1 and 119.8M Class B-2 shares tendered, ~98% of outstanding combined.","Visa will issue ~60.6M Class B-3 and ~23.3M Class C shares in exchange.","Cash paid for fractional shares at $318.79 (NYSE closing price on expiration date).","Approximately 55% of Class B-1 and over 99% of Class B-2 shares accepted."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-215875","json":"https://secwatch.observer/filing/0001193125-26-215875.json","markdown":"https://secwatch.observer/filing/0001193125-26-215875.md","text":"https://secwatch.observer/filing/0001193125-26-215875.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1403161/000119312526215875/0001193125-26-215875-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1403161/000119312526215875/d59695d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-11T18:18:26.453196+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}