---
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"
generated_at: "2026-05-17T16:13:45.968040+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Visa releases ~$1.4B from Preferred Stock; reduces conversion ratios, issues Series A shares

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 3.02
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001403161-25-000055
- JSON: https://secwatch.observer/filing/0001403161-25-000055.json
- Plain text: https://secwatch.observer/filing/0001403161-25-000055.txt

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