Visa said its Exchange Offer for Class B-1 and B-2 common stock expired on May 8, 2026, and it accepted approximately 2.7 million shares of Class B-1 and approximately 119.8 million shares of Class B-2.

1. 01

   Visa said its Exchange Offer for Class B-1 and B-2 common stock expired on May 8, 2026, and it accepted approximately 2.7 million shares of Class B-1 and approximately 119.8 million shares of Class B-2.

2. 02

   The company said it will issue approximately 60.6 million shares of Class B-3 common stock and approximately 23.3 million shares of Class C common stock in exchange for the accepted shares.

3. 03

   Visa said it will pay cash based on the reported closing Class A common stock price on the NYSE as of the expiration date of $318.79 in lieu of issuing fractional shares. The accepted shares represented approximately 98% of outstanding Class B-1 and B-2 shares, approximately 55% of outstanding Class B-1 shares and over 99% of outstanding Class B-2 shares.

4. 04

   The company said the applicable Conversion Rate as of the expiration date was 1.5475 shares of Class A common stock for Class B-1, 1.5075 shares of Class A common stock for Class B-2, and 4 shares of Class A common stock for Class C. It added that settlement of the exchange will be made promptly.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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