secwatch.observer — SEC 8-K summary
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Issuer:     VISA INC. (V)
CIK:        0001403161
Form:       8-K
Filed at:   2026-09-23T20:06:31+00:00
Accession:  0001403161-26-000121
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1403161/000140316126000121/0001403161-26-000121-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1403161/000140316126000121/v-20260918.htm
  HTML page:      https://secwatch.observer/filing/0001403161-26-000121

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