secwatch.observer — SEC 8-K summary
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Issuer:     VISA INC. (V)
CIK:        0001403161
Form:       8-K
Filed at:   2026-05-11T13:10:25+00:00
Accession:  0001193125-26-215875
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1403161/000119312526215875/0001193125-26-215875-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1403161/000119312526215875/d59695d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-215875

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer