{"schema_version":"secwatch.filing_event.v1","accession":"0001403161-25-000061","form_type":"8-K","ticker":"V","cik":"0001403161","company_name":"VISA INC.","filed_at":"2025-09-26T23:59:59+00:00","discovered_at":"2026-05-14T18:02:43.899518+00:00","generated_at":"2026-05-17T05:33:07.561246+00:00","sec_items":["8.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Visa deposits $500M into litigation escrow, reduces class B conversion rates","bullets":["Deposited $500 million into U.S. litigation escrow account on September 25, 2025.","Class B-1 conversion rate decreased from 1.5609 to 1.5549.","Class B-2 conversion rate decreased from 1.5342 to 1.5223.","As-converted B-1 share count reduced by ~28,885 to 7,518,496; B-2 reduced by ~1.44M to 183,187,821.","Adjustments have same EPS effect as repurchasing class A common stock; based on VWAP from Sept 18-24, 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0001403161-25-000061","json":"https://secwatch.observer/filing/0001403161-25-000061.json","markdown":"https://secwatch.observer/filing/0001403161-25-000061.md","text":"https://secwatch.observer/filing/0001403161-25-000061.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1403161/000140316125000061/0001403161-25-000061-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1403161/000140316125000061/v-20250926.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T05:33:07.561246+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"}