secwatch.observer — SEC 8-K summary
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Issuer:     VISA INC. (V)
CIK:        0001403161
Form:       8-K
Filed at:   2026-05-12T20:11:02+00:00
Accession:  0001193125-26-219432
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Visa settles B-1/B-2 exchange; $17.4B interchange at issue in US litigation
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- Settlement of exchange offer for all outstanding Class B-1 and B-2 common stock; holders received Class B-3 and Class C common stock.
- Entered into makewhole agreements obligating holders to reimburse Visa for certain litigation escrow deposits after depletion of B-3 stock value.
- Staged transfer of Class C stock: up to one-third before June 25, 2026; up to two-thirds before August 9, 2026.
- Estimated interchange reimbursement fees at issue in unresolved U.S. covered litigation claims: $17.4B as of May 11, 2026.
- $17.4B excludes certain indirect purchaser class actions and opt-outs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1403161/000119312526219432/0001193125-26-219432-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1403161/000119312526219432/d64238d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-219432

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