---
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"
generated_at: "2026-05-17T05:33:07.561246+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Visa deposits $500M into litigation escrow, reduces class B conversion rates

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 8.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001403161-25-000061
- JSON: https://secwatch.observer/filing/0001403161-25-000061.json
- Plain text: https://secwatch.observer/filing/0001403161-25-000061.txt

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