---
schema_version: "secwatch.filing_event.v1"
accession: "0001403161-23-000085"
form_type: "8-K"
ticker: "V"
cik: "0001403161"
company_name: "VISA INC."
filed_at: "2023-10-02T23:59:59+00:00"
generated_at: "2026-06-10T06:19:34.141975+00:00"
event_type: "litigation"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Visa deposits $150M into litigation escrow, adjusts class B conversion rate

## Summary
- Deposit of $150M into U.S. litigation escrow account under retrospective responsibility plan.
- Class B to class A conversion rate reduced from 1.5902 to 1.5875, effective Sept 28, 2023.
- As-converted class B share count decreased by ~649,210 to 389,756,630 shares.
- Conversion adjustment has same EPS effect as repurchasing class A common stock.

## SEC filing metadata
- accession: 0001403161-23-000085
- form_type: 8-K
- ticker: V
- cik: 0001403161
- company_name: VISA INC.
- filed_at: 2023-10-02T23:59:59+00:00
- event_type: litigation
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1403161/000140316123000085/0001403161-23-000085-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1403161/000140316123000085/v-20230928.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001403161-23-000085
- JSON: https://secwatch.observer/filing/0001403161-23-000085.json
- Plain text: https://secwatch.observer/filing/0001403161-23-000085.txt

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