AG˹ٷ

STOCK TITAN

[Form 4] VISA Inc. Insider Trading Activity

Filing Impact
(High)
Filing Sentiment
(Negative)
Form Type
4
Rhea-AI Filing Summary

Peter M. Andreski, Visa Inc. officer (GBL Corp Controller, CAO), reported equity transactions on Form 4 filed August 19, 2025. The filing shows 4,169 restricted stock units (RSUs) treated as acquired under Code M and reflected as 4,169 underlying shares, and a separate non-derivative sale of 1,688 Class A common shares at $344.47 each. After the reported transactions, the filing indicates beneficial ownership counts of 8,657 and 6,969 shares in the non-derivative table and 4,170 derivative shares beneficially owned. The RSUs were originally granted on August 15, 2023 and vest 50% on the second grant anniversary and 50% on the third, with limited earlier vesting circumstances as described in the award agreement.

Peter M. Andreski, dirigente di Visa Inc. (GBL Corp Controller, CAO), ha comunicato operazioni su titoli nel Modulo 4 depositato il 19 agosto 2025. La comunicazione riporta 4.169 unità di azioni soggette a restrizioni (RSU) trattate come acquisite ai sensi del Codice M e indicate come 4.169 azioni sottostanti, oltre a una vendita non derivata separata di 1.688 azioni ordinarie di Classe A a $344,47 ciascuna. Dopo le operazioni segnalate, il deposito indica una titolarità utile di 8.657 e 6.969 azioni nelle voci non derivative e 4.170 azioni derivanti possedute come utile. Le RSU sono state originate il 15 agosto 2023 e maturano per il 50% al secondo anniversario della concessione e per il restante 50% al terzo, con possibilità di maturazione anticipata limitata come previsto dall'accordo di assegnazione.

Peter M. Andreski, directivo de Visa Inc. (GBL Corp Controller, CAO), informó operaciones con acciones en el Formulario 4 presentado el 19 de agosto de 2025. El informe muestra 4.169 unidades de acciones restringidas (RSU) tratadas como adquiridas bajo el Código M y reflejadas como 4.169 acciones subyacentes, y una venta no derivada separada de 1.688 acciones ordinarias Clase A a $344,47 cada una. Tras las operaciones reportadas, la presentación indica una tenencia beneficiaria de 8.657 y 6.969 acciones en la tabla no derivada y 4.170 acciones derivadas en propiedad beneficiaria. Las RSU se otorgaron originalmente el 15 de agosto de 2023 y vencen 50% en el segundo aniversario de la concesión y 50% en el tercero, con circunstancias limitadas de vencimiento anticipado según lo descrito en el acuerdo de adjudicación.

Peter M. Andreski, Visa Inc. 임원(GBL Corp Controller, CAO)은 2025� 8� 19� 제출� Form 4에서 지� 거래� 보고했습니다. 해당 보고서에� 4,169개의 제한부 주식 단위(RSU)가 코드 M� 따라 취득� 것으� 처리되어 4,169개의 기초 주식으로 반영되었�, 별도� 1,688�� Class A 보통주가 주당 $344.47� 비파� 매도� 보고되어 있습니다. 보고� 거래 이후, 제출 서류� 비파� 표에서의 실질 소유� 8,657�6,969��, 파생 주식� 실질 소유� 4,170�� 기재하고 있습니다. RSU� 2023� 8� 15�� 부여되었으�, 부� 2주년에는 50%, 3주년에는 나머지 50%가 베스팅되�, 수여 계약서에 명시� 제한� 조기 베스� 사유가 있습니다.

Peter M. Andreski, dirigeant de Visa Inc. (GBL Corp Controller, CAO), a déclaré des opérations sur titres dans le Formulaire 4 déposé le 19 août 2025. Le dépôt indique 4 169 unités d'actions restreintes (RSU) traitées comme acquises en vertu du Code M et présentées comme 4 169 actions sous-jacentes, ainsi qu'une vente non dérivée distincte de 1 688 actions ordinaires de Classe A à 344,47 $ chacune. Après les opérations déclarées, le dépôt signale une détention bénéficiaire de 8 657 et 6 969 actions dans le tableau non dérivé et de 4 170 actions dérivées. Les RSU ont été accordées initialement le 15 août 2023 et acquièrent 50 % au deuxième anniversaire de l'attribution et 50 % au troisième, avec des cas limités d'acquisition anticipée comme décrit dans l'accord d'attribution.

Peter M. Andreski, leitender Angestellter von Visa Inc. (GBL Corp Controller, CAO), meldete Aktiengeschäfte im Formular 4, eingereicht am 19. August 2025. Die Einreichung zeigt 4.169 restricted stock units (RSUs), die nach Code M als erworben behandelt und als 4.169 zugrundeliegende Aktien ausgewiesen werden, sowie einen separaten nicht-derivativen Verkauf von 1.688 Class-A-Stammaktien zu je $344,47. Nach den gemeldeten Transaktionen gibt die Einreichung eine wirtschaftliche Eigentümerschaft von 8.657 und 6.969 Aktien in der nicht-derivativen Tabelle und 4.170 derivativen Aktien an. Die RSUs wurden ursprünglich am 15. August 2023 gewährt und vesten zu 50% am zweiten und zu 50% am dritten Jahrestag der Gewährung, mit in der Zuteilungsvereinbarung beschriebenen eingeschränkten Fällen vorzeitiger Vesting-Bedingungen.

Positive
  • Detailed disclosure of RSU grant and vesting schedule (grant date August 15, 2023; 50% vests on year 2 and 50% on year 3)
  • Sale price provided for disposed shares ($344.47 for 1,688 Class A shares), aiding transparency
Negative
  • None.

Insights

TL;DR: Insider reported a grant of RSUs and a sale of shares, leaving modest net change in beneficial ownership.

The Form 4 discloses a grant-related transaction (Code M) for 4,169 RSUs and a contemporaneous open-market or other sale (Code F) of 1,688 Class A shares at $344.47. Code M indicates conversion/vesting/reporting of previously granted awards rather than a purchased open-market acquisition. The RSU grant date is August 15, 2023, with scheduled vesting over the second and third anniversaries, so the reported RSUs remain subject to future vesting conditions. The filing was executed by an attorney-in-fact and shows remaining beneficial ownership in both non-derivative and derivative categories. For investors, this is a routine executive compensation-related disclosure rather than an unusual liquidity event.

TL;DR: Disclosure aligns with standard executive award reporting and contains vesting schedule details.

The report clearly identifies the reporting person’s role, the nature of the RSUs, and the vesting timetable tied to the August 15, 2023 grant. The separate sale of 1,688 shares at $344.47 is itemized with resulting share counts. Signature by an attorney-in-fact is present and dated August 19, 2025. There are no statements of acceleration, forfeiture, or unusual derivative instruments disclosed. This filing appears consistent with routine compensation administration and required Section 16 reporting obligations.

Peter M. Andreski, dirigente di Visa Inc. (GBL Corp Controller, CAO), ha comunicato operazioni su titoli nel Modulo 4 depositato il 19 agosto 2025. La comunicazione riporta 4.169 unità di azioni soggette a restrizioni (RSU) trattate come acquisite ai sensi del Codice M e indicate come 4.169 azioni sottostanti, oltre a una vendita non derivata separata di 1.688 azioni ordinarie di Classe A a $344,47 ciascuna. Dopo le operazioni segnalate, il deposito indica una titolarità utile di 8.657 e 6.969 azioni nelle voci non derivative e 4.170 azioni derivanti possedute come utile. Le RSU sono state originate il 15 agosto 2023 e maturano per il 50% al secondo anniversario della concessione e per il restante 50% al terzo, con possibilità di maturazione anticipata limitata come previsto dall'accordo di assegnazione.

Peter M. Andreski, directivo de Visa Inc. (GBL Corp Controller, CAO), informó operaciones con acciones en el Formulario 4 presentado el 19 de agosto de 2025. El informe muestra 4.169 unidades de acciones restringidas (RSU) tratadas como adquiridas bajo el Código M y reflejadas como 4.169 acciones subyacentes, y una venta no derivada separada de 1.688 acciones ordinarias Clase A a $344,47 cada una. Tras las operaciones reportadas, la presentación indica una tenencia beneficiaria de 8.657 y 6.969 acciones en la tabla no derivada y 4.170 acciones derivadas en propiedad beneficiaria. Las RSU se otorgaron originalmente el 15 de agosto de 2023 y vencen 50% en el segundo aniversario de la concesión y 50% en el tercero, con circunstancias limitadas de vencimiento anticipado según lo descrito en el acuerdo de adjudicación.

Peter M. Andreski, Visa Inc. 임원(GBL Corp Controller, CAO)은 2025� 8� 19� 제출� Form 4에서 지� 거래� 보고했습니다. 해당 보고서에� 4,169개의 제한부 주식 단위(RSU)가 코드 M� 따라 취득� 것으� 처리되어 4,169개의 기초 주식으로 반영되었�, 별도� 1,688�� Class A 보통주가 주당 $344.47� 비파� 매도� 보고되어 있습니다. 보고� 거래 이후, 제출 서류� 비파� 표에서의 실질 소유� 8,657�6,969��, 파생 주식� 실질 소유� 4,170�� 기재하고 있습니다. RSU� 2023� 8� 15�� 부여되었으�, 부� 2주년에는 50%, 3주년에는 나머지 50%가 베스팅되�, 수여 계약서에 명시� 제한� 조기 베스� 사유가 있습니다.

Peter M. Andreski, dirigeant de Visa Inc. (GBL Corp Controller, CAO), a déclaré des opérations sur titres dans le Formulaire 4 déposé le 19 août 2025. Le dépôt indique 4 169 unités d'actions restreintes (RSU) traitées comme acquises en vertu du Code M et présentées comme 4 169 actions sous-jacentes, ainsi qu'une vente non dérivée distincte de 1 688 actions ordinaires de Classe A à 344,47 $ chacune. Après les opérations déclarées, le dépôt signale une détention bénéficiaire de 8 657 et 6 969 actions dans le tableau non dérivé et de 4 170 actions dérivées. Les RSU ont été accordées initialement le 15 août 2023 et acquièrent 50 % au deuxième anniversaire de l'attribution et 50 % au troisième, avec des cas limités d'acquisition anticipée comme décrit dans l'accord d'attribution.

Peter M. Andreski, leitender Angestellter von Visa Inc. (GBL Corp Controller, CAO), meldete Aktiengeschäfte im Formular 4, eingereicht am 19. August 2025. Die Einreichung zeigt 4.169 restricted stock units (RSUs), die nach Code M als erworben behandelt und als 4.169 zugrundeliegende Aktien ausgewiesen werden, sowie einen separaten nicht-derivativen Verkauf von 1.688 Class-A-Stammaktien zu je $344,47. Nach den gemeldeten Transaktionen gibt die Einreichung eine wirtschaftliche Eigentümerschaft von 8.657 und 6.969 Aktien in der nicht-derivativen Tabelle und 4.170 derivativen Aktien an. Die RSUs wurden ursprünglich am 15. August 2023 gewährt und vesten zu 50% am zweiten und zu 50% am dritten Jahrestag der Gewährung, mit in der Zuteilungsvereinbarung beschriebenen eingeschränkten Fällen vorzeitiger Vesting-Bedingungen.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
ANDRESKI PETER M

(Last) (First) (Middle)
C/O VISA INC.
PO BOX 8999

(Street)
SAN FRANCISCO CA 94128-8999

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
VISA INC. [ V ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
GBL CORP CONTROLLER, CAO
3. Date of Earliest Transaction (Month/Day/Year)
08/15/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 08/15/2025 M 4,169 A (1) 8,657 D
Class A Common Stock 08/15/2025 F 1,688 D $344.47 6,969 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units (1) 08/15/2025 M 4,169 (1) (1) Class A Common Stock 4,169 (1) 4,170 D
Explanation of Responses:
1. Each restricted stock unit represents a contingent right to receive one share of Visa Inc. common stock or a cash equivalent of its value. The restricted stock units vest in two installments: 50% on the second anniversary of the grant date and 50% on the third anniversary of the grant date, subject to earlier vesting in full in limited circumstances as specified in the award agreement. The award was granted on August 15, 2023.
/s/ Sue Choi, Attorney-In-Fact 08/19/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transactions did Peter M. Andreski report on the Form 4 for Visa (V)?

The filing reports 4,169 RSUs recorded under Code M and a disposition of 1,688 Class A shares under Code F at $344.47 per share.

When were the RSUs granted and what is the vesting schedule?

The RSUs were granted on August 15, 2023 and vest 50% on the second anniversary of the grant date and 50% on the third anniversary, subject to limited earlier vesting circumstances.

How many shares does the filing show as beneficially owned after the transactions?

The non-derivative table shows beneficial ownership counts of 8,657 and 6,969 shares in the rows reported; the derivative table shows 4,170 derivative shares beneficially owned following the transactions.

Who signed the Form 4 and when was it filed?

The filing is signed by /s/ Sue Choi, Attorney-In-Fact and dated 08/19/2025.

What does Transaction Code M signify in this Form 4?

This Form 4 uses Code M to report the conversion/vesting or other change related to previously granted awards; the filing shows RSUs tied to the August 15, 2023 grant.
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