Paul D. Fabara - Nov 19, 2022 Form 4 Insider Report for VISA INC. (V)

Role: CHIEF RISK OFFICER
Signature: /s/ Sue Choi, Attorney-In-Fact
Stock symbol: V
Transactions as of: Nov 19, 2022
Transactions value $: -$488,634
Form type: 4
Date filed: 11/22/2022, 07:36 PM
Previous filing: Feb 2, 2022
Next filing: Dec 2, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	V	Class A Common Stock	Options Exercise		+1.43K	+5.59%		26.9K	Nov 19, 2022	Direct	F1
transaction	V	Class A Common Stock	Options Exercise		+1.54K	+5.7%		28.5K	Nov 19, 2022	Direct	F2
transaction	V	Class A Common Stock	Options Exercise		+1.58K	+5.54%		30K	Nov 19, 2022	Direct	F3
transaction	V	Class A Common Stock	Tax liability	-$489K	-2.32K	-7.72%	$210.80	27.7K	Nov 19, 2022	Direct

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	Restricted Stock Units	Options Exercise		-1.43K	-100%		0	Nov 19, 2022	Class A Common Stock	1.43K		Direct	F1
transaction	V	Restricted Stock Units	Options Exercise		-1.54K	-50%		1.54K	Nov 19, 2022	Class A Common Stock	1.54K		Direct	F2
transaction	V	Restricted Stock Units	Options Exercise		-1.58K	-33.32%		3.15K	Nov 19, 2022	Class A Common Stock	1.58K		Direct	F3
transaction	V	Employee Stock Option (Right to Buy)	Award	$0	+17.5K		$0.00	17.5K	Nov 19, 2022	Class A Common Stock	17.5K	$210.80	Direct	F4
transaction	V	Restricted Stock Units	Award		+4.74K			4.74K	Nov 19, 2022	Class A Common Stock	4.74K		Direct	F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	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 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 award was granted on November 19, 2019.
F2	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 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 award was granted on November 19, 2020.
F3	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 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 award was granted on November 19, 2021.
F4	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, 2022.
F5	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 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 award was granted on November 19, 2022.