---
schema_version: "secwatch.filing_event.v1"
accession: "0001403161-23-000064"
form_type: "8-K"
ticker: "V"
cik: "0001403161"
company_name: "VISA INC."
filed_at: "2023-06-29T23:59:59+00:00"
generated_at: "2026-06-13T14:46:09.383918+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Visa adjusts class B conversion rate after $500M litigation escrow deposit

## Summary
- Deposited $500M into U.S. litigation escrow on June 28, 2023.
- Class B conversion rate decreased from 1.5991 to 1.5902, effective June 28.
- As-converted class B share count reduced by ~2,195,424 shares.
- Adjustment has same EPS effect as repurchasing class A common stock.

## SEC filing metadata
- accession: 0001403161-23-000064
- form_type: 8-K
- ticker: V
- cik: 0001403161
- company_name: VISA INC.
- filed_at: 2023-06-29T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1403161/000140316123000064/0001403161-23-000064-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1403161/000140316123000064/v-20230629.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001403161-23-000064
- JSON: https://secwatch.observer/filing/0001403161-23-000064.json
- Plain text: https://secwatch.observer/filing/0001403161-23-000064.txt

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