secwatch.observer — SEC 8-K summary
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Issuer:     VISA INC. (V)
CIK:        0001403161
Form:       8-K
Filed at:   2025-08-08T23:59:59+00:00
Accession:  0001403161-25-000055
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 3.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1403161/000140316125000055/0001403161-25-000055-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1403161/000140316125000055/v-20250808.htm
  HTML page:      https://secwatch.observer/filing/0001403161-25-000055

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer