{"schema_version":"secwatch.filing_event.v1","accession":"0001403161-26-000049","form_type":"8-K","ticker":"V","cik":"0001403161","company_name":"VISA INC.","filed_at":"2026-02-13T23:59:59+00:00","discovered_at":"2026-05-14T18:02:34.996850+00:00","generated_at":"2026-05-16T02:45:10.609758+00:00","sec_items":["7.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Visa: Litigation fees drop below 50% threshold, clearing path for Class B exchange offer","bullets":["Estimated interchange fees in unresolved U.S. litigation fell from $49.6B (Oct 2023) to ~$39.4B (Oct 2025); expected to drop below $24.8B after 7-Eleven dismissal.","Board authorized successive exchange offer for all Class B-1 and B-2 shares once conditions satisfied.","Exchange offer will allow holders to exchange for restricted Class B-3 and freely transferable Class C common stock.","Company expects to file S-4 registration statement upon conditions met; timing subject to SEC review and market conditions."],"urls":{"canonical":"https://secwatch.observer/filing/0001403161-26-000049","json":"https://secwatch.observer/filing/0001403161-26-000049.json","markdown":"https://secwatch.observer/filing/0001403161-26-000049.md","text":"https://secwatch.observer/filing/0001403161-26-000049.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1403161/000140316126000049/0001403161-26-000049-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1403161/000140316126000049/v-20260213.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T02:45:10.609758+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"}