Visa Inc.
Visa Inc. Funds U.S. Litigation Escrow Account, Adjusts Stock Conversion Rates
Summary
On June 24, 2026, Visa Inc. deposited $250 million into its U.S. litigation escrow account, resulting in a decrease in the conversion rates of its class B-1, B-2, and B-3 common stock. The conversion rate for class B-1 stock decreased from 1.5475 to 1.5445, for class B-2 stock from 1.5075 to 1.5014, and for class B-3 stock from 1.5075 to 1.4953, effective June 25, 2026. These adjustments reduced the as-converted share counts for class B-1, B-2, and B-3 common stock by approximately 6,658, 2,973, and 740,184 shares, respectively. The deposit and conversion rate adjustments were calculated using the volume-weighted average price over the two-day pricing period from June 24, 2026, through June 25, 2026.
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About Visa Inc.
Visa Inc. is a preeminent financial services corporation specializing in facilitating electronic payments globally. Visa operates one of the world's largest retail electronic payment networks and serves as a critical infrastructure provider within the financial ecosystem. The company's primary function is to facilitate global commerce through the transfer of value and information among financial institutions, businesses, consumers, and governments. One of Visa's notable features is its extensive network, which connects millions of merchants and cardholders, enabling secure and efficient transactions. Visa's technology and innovation in payment systems play a pivotal role in digital and online transactions, impacting various sectors, including retail, hospitality, and e-commerce. Visa's market significance lies in its ability to provide secure and reliable payment processing and its role in enabling the shift towards a cashless society. It is instrumental in driving financial inclusion, offering payment solutions that cater to diverse segments, from individuals to large enterprises. Headquartered in Foster City, California, Visa continues to lead the industry by embracing new technologies and expanding its payment solutions across emerging markets worldwide.
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