{"schema_version":"secwatch.filing_event.v1","accession":"0001403161-25-000055","form_type":"8-K","ticker":"V","cik":"0001403161","company_name":"VISA INC.","filed_at":"2025-08-08T23:59:59+00:00","discovered_at":"2026-05-14T18:02:43.899119+00:00","generated_at":"2026-05-17T16:13:45.968040+00:00","sec_items":["3.02"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Visa releases ~$1.4B from Preferred Stock; reduces conversion ratios, issues Series A shares","bullets":["Release of ~$1.4B from Series B and C Preferred Stock in fourth mandatory assessment tied to Visa Europe litigation.","Series B: Liability Coverage Reduction of ~$287M, conversion adjustment reduction of 0.327, Class A Common Equivalent Number drops from 0.996 to 0.669.","Series C: Liability Coverage Reduction of ~$1.1B, conversion adjustment reduction of 1.019, Class A Common Equivalent Number drops from 1.783 to 0.764.","Effective Aug 18, 2025: Visa to issue ~40,080 shares of Series A Preferred Stock to holders, convertible to Class A common."],"urls":{"canonical":"https://secwatch.observer/filing/0001403161-25-000055","json":"https://secwatch.observer/filing/0001403161-25-000055.json","markdown":"https://secwatch.observer/filing/0001403161-25-000055.md","text":"https://secwatch.observer/filing/0001403161-25-000055.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1403161/000140316125000055/0001403161-25-000055-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1403161/000140316125000055/v-20250808.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T16:13:45.968040+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}