Rajat Taneja - 05 Jul 2023 Form 4 Insider Report for VISA INC. (V)

Signature
/s/ Sue Choi, Attorney-In-Fact
Issuer symbol
V
Transactions as of
05 Jul 2023
Transactions value $
-$366,114
Form type
4
Filing time
07 Jul 2023, 17:05:53 UTC
Previous filing
02 Jun 2023
Next filing
13 Jul 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction V Class A Common Stock Options Exercise $186K +2.3K +0.99% $80.82 234K 05 Jul 2023 Direct F1
transaction V Class A Common Stock Sale -$552K -2.3K -0.98% $240.00 232K 05 Jul 2023 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction V Employee Stock Option (Right to Buy) Options Exercise $0 -2.3K -2.06% $0.00 109K 05 Jul 2023 Class A Common Stock 2.3K $80.82 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

Explanation of Responses:

Id Content
F1 This transaction was made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 24, 2023.
F2 Options vest in three equal installments on each of the first three anniversaries of the date of the grant, subject to earlier vesting in full in limited circumstances as specified in the award agreement. The option was granted on November 19, 2016.