---
schema_version: "secwatch.filing_event.v1"
accession: "0001403161-24-000050"
form_type: "8-K"
ticker: "V"
cik: "0001403161"
company_name: "VISA INC."
filed_at: "2024-10-11T23:59:59+00:00"
generated_at: "2026-05-30T15:17:22.889118+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Visa deposits $1.5B into litigation escrow, cuts class B conversion rates

## Summary
- Deposited $1.5B into U.S. litigation escrow account on September 26, 2024.
- Class B-1 conversion rate lowered from 1.5875 to 1.5653; B-2 from 1.5875 to 1.5430.
- As-converted B-1 share count reduced by ~107,575 to 7,568,678; B-2 by ~5,354,510 to 185,685,595.
- Adjustment has same EPS effect as repurchasing class A common stock.
- Rates set using 13-day VWAP from September 24 to October 10, 2024.

## SEC filing metadata
- accession: 0001403161-24-000050
- form_type: 8-K
- ticker: V
- cik: 0001403161
- company_name: VISA INC.
- filed_at: 2024-10-11T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1403161/000140316124000050/0001403161-24-000050-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1403161/000140316124000050/v-20241011.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001403161-24-000050
- JSON: https://secwatch.observer/filing/0001403161-24-000050.json
- Plain text: https://secwatch.observer/filing/0001403161-24-000050.txt

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