---
schema_version: "secwatch.filing_event.v1"
accession: "0001403161-24-000035"
form_type: "8-K"
ticker: "V"
cik: "0001403161"
company_name: "VISA INC."
filed_at: "2024-07-10T23:59:59+00:00"
generated_at: "2026-05-31T21:59:52.724583+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Visa to release ~$2.7B from preferred stock under Visa Europe litigation deed

## Summary
- Third mandatory release assessment on June 21, 2024, reduces Series B and C Preferred Stock liability coverage.
- Series B: $1.1B release; conversion adjustment reduction of 1.695; Class A common equivalent drops from 2.698 to 1.003.
- Series C: $1.6B release; conversion adjustment reduction of 1.819; Class A common equivalent drops from 3.605 to 1.786.
- On July 19, 2024, Visa will issue ~99,264 shares of Series A Preferred Stock to holders of Series B and C.

## SEC filing metadata
- accession: 0001403161-24-000035
- form_type: 8-K
- ticker: V
- cik: 0001403161
- company_name: VISA INC.
- filed_at: 2024-07-10T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 3.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1403161/000140316124000035/0001403161-24-000035-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1403161/000140316124000035/v-20240710.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001403161-24-000035
- JSON: https://secwatch.observer/filing/0001403161-24-000035.json
- Plain text: https://secwatch.observer/filing/0001403161-24-000035.txt

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