---
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"
generated_at: "2026-05-11T18:18:26.453196+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Visa exchange offer for Class B-1/B-2 expires; 122.5M shares tendered

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-215875
- JSON: https://secwatch.observer/filing/0001193125-26-215875.json
- Plain text: https://secwatch.observer/filing/0001193125-26-215875.txt

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