---
schema_version: "secwatch.filing_event.v1"
accession: "0001403161-26-000121"
form_type: "8-K"
ticker: "V"
cik: "0001403161"
company_name: "VISA INC."
filed_at: "2026-09-23T20:06:31+00:00"
generated_at: "2026-09-23T20:08:59.270315+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Visa deposits $405M into litigation escrow; adjusts Class B conversion rates

## Summary
- Deposited $405M into U.S. litigation escrow under retrospective responsibility plan on Sept 18, 2026.
- B-1 conversion rate cut from 1.5445 to 1.5400; B-2 from 1.5014 to 1.4924; B-3 from 1.4953 to 1.4773.
- As-converted B-3 share count reduced by ~1.09M shares to 89.51M; B-1 and B-2 also reduced.
- Adjustments reduce as-converted share counts, affecting EPS like a Class A repurchase.

## SEC filing metadata
- accession: 0001403161-26-000121
- form_type: 8-K
- ticker: V
- cik: 0001403161
- company_name: VISA INC.
- filed_at: 2026-09-23T20:06:31+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1403161/000140316126000121/0001403161-26-000121-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1403161/000140316126000121/v-20260918.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001403161-26-000121
- JSON: https://secwatch.observer/filing/0001403161-26-000121.json
- Plain text: https://secwatch.observer/filing/0001403161-26-000121.txt

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