Visa 8-K

Summary

Visa exchange offer results. The offer expired May 8, 2026, and Visa accepted approximately 2.7 million Class B-1 shares and 119.8 million Class B-2 shares. The accepted shares represented approximately 98% of outstanding B-1 and B-2 shares; settlement is expected promptly.

Key Figures

• Shares to be issued: approximately 60.6 million Class B-3 shares and 23.3 million Class C shares; cash will be paid for fractional shares, based on the $318.79 closing price of Visa Class A stock on the expiration date.
• Participation: approximately 55% of outstanding Class B-1 shares and over 99% of outstanding Class B-2 shares were accepted. Conversion rates at expiration were 1.5475 Class A shares per B-1 share, 1.5075 per B-2 share and 4 per Class C share.

Investor Takeaways

• Watch for completion of settlement, which Visa said would occur promptly.