V 425 SEC Filing Analysis

Latest settled — T+5d ⚠ clustered

V ▲ +2.51% at T+5d

NEUTRAL call ✓ call won +2.51% · α vs SPY +2.59% · entry $323.91 → $332.03

Next anchor: T+20d in 16d

Last close $328.88 (close May 22) · +1.54% from $323.91 entry

Entry anchored
May 11, 2026
via day open

T+1d

+0.73%

call +0.73% · α +0.87%

$326.29

settled 12d ago

T+5d

+2.51%

call +2.51% · α +2.59%

$332.03

settled 6d ago

T+20d

—

call — · α —

—

in 16d

T+60d

—

call — · α —

—

in 2mo

Price Chart

Loading chart...

Executive Summary

Visa announced the expiration and results of its exchange offer for Class B-1 and B-2 common stock, with approximately 2.7 million Class B-1 and 119.8 million Class B-2 shares tendered, representing ~98% participation. Visa will issue ~60.6 million Class B-3 shares and ~23.3 million Class C shares in exchange, plus cash for fractional shares. The completion simplifies Visa's capital structure and removes transfer restrictions on a large block of shares.

Actionable Insight

The exchange offer is complete with high participation, eliminating a structural overhang on Class B shares. Monitor for increased liquidity as converted shares become tradable. No immediate trading catalyst expected from this purely administrative event.

Key Facts

Approximately 2.7 million Class B-1 and 119.8 million Class B-2 shares tendered in exchange offer.
Visa will issue ~60.6 million Class B-3 shares and ~23.3 million Class C shares in exchange.
Approximately 98% of outstanding Class B-1 and B-2 shares (combined) were tendered, with 55% of Class B-1 and over 99% of Class B-2.
Settlement to occur promptly after the May 8, 2026 expiration date.

Financial Impact

No material cash impact; exchange involves share conversions between classes with cash for fractional shares based on $318.79 per share.

share countshare class structure

Risk Factors

No material risks identified; this is a routine corporate action with no financial or operational impact.

Market Snapshot

Price

$318.79

Change

-0.8%

Volume

4.9M

Exchange

NYSE

Sector

Services-Business Services, NEC

Analyst Consensus

92% bullish (48 analysts)

Documents Analyzed

This report is based on 4 SEC documents filed with EDGAR.

Document	Accession Number
425 Filing (Primary)	0001193125-26-215872
Document: 0001193125-26-215872-index-headers.html	0001193125-26-215872
Document: 0001193125-26-215872-index.html	0001193125-26-215872
Document: 0001193125-26-215872.txt	0001193125-26-215872

9 reports for V

T+1T+5T+20T+60

Track record builds as more directional reports settle.

Filters

Reports for V — sortable, filterable
	Type				Now
May 22, 2026 1d ago	ANALYST-UPGRADE BULLISH ★ 2/10	$309.48 awaiting T+5	awaiting T+5	—	$328.88 (+6.27%)
May 12, 2026 11d ago	8-K NEUTRAL ★ 4/10	$320.25 $329.91	▲ +3.02%	▲ +4.18%	$328.88 (+2.70%)
May 11, 2026 12d ago	8-K NEUTRAL ★ 3/10	$323.91 $332.03	▲ +2.51%	▲ +2.59%	$328.88 (+1.54%)
May 11, 2026 12d ago	425 NEUTRAL ★ 3/10	$323.91 $332.03	▲ +2.51%	▲ +2.59%	$328.88 (+1.54%)
May 1, 2026 22d ago	ANALYST-UPGRADE MIXED ★ 2/10	$319.31 $307.04	▼ −3.84%	▼ −4.51%	$328.88 (+3.00%)
Apr 28, 2026 25d ago	8-K BULLISH ★ 8/10	—	awaiting T+5	—	—
Apr 22, 2026 4w ago	ANALYST-UPGRADE BULLISH ★ 4/10	$311.16 $337.00	▲ +8.30%	▲ +8.25%	$328.88 (+5.70%)
Apr 14, 2026 5w ago	EFFECT NEUTRAL ★ 4/10	$310.73 $309.88	▼ −0.27%	▼ −1.67%	$328.88 (+5.84%)
Apr 13, 2026 5w ago	425 NEUTRAL ★ 4/10	$309.08 $313.46	▲ +1.42%	▼ −1.88%	$328.88 (+6.41%)

US Market Status

Market Closed — Opens Tue (35h 16m)

Get Real-Time SEC Filing Intelligence

Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.

Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access