Fabara Paul D 4
4 · VISA INC. · Filed Nov 21, 2025
Insider Transaction Report
Form 4
Fabara Paul D
CHIEF RISK & CLIENT SVCS OFC
Transactions
- Tax Payment
Class A Common Stock
2025-11-19$324.12/sh−2,249$728,946→ 28,585 total - Exercise/Conversion
Restricted Stock Units
2025-11-19−1,582→ 0 total→ Class A Common Stock (1,582 underlying) - Exercise/Conversion
Class A Common Stock
2025-11-19+1,336→ 30,834 total - Award
Employee Stock Option (Right to Buy)
2025-11-19+24,597→ 24,597 totalExercise: $324.12Exp: 2035-11-19→ Class A Common Stock (24,597 underlying) - Exercise/Conversion
Class A Common Stock
2025-11-19+1,582→ 27,995 total - Exercise/Conversion
Class A Common Stock
2025-11-19+1,503→ 29,498 total - Exercise/Conversion
Restricted Stock Units
2025-11-19−1,503→ 1,503 total→ Class A Common Stock (1,503 underlying) - Award
Restricted Stock Units
2025-11-19+5,785→ 5,785 total→ Class A Common Stock (5,785 underlying) - Sale
Class A Common Stock
2025-11-21$325.93/sh−2,172$707,917→ 26,413 total - Exercise/Conversion
Restricted Stock Units
2025-11-19−1,336→ 2,672 total→ Class A Common Stock (1,336 underlying)
Footnotes (7)
- [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, 2022.
- [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, 2023.
- [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, 2024.
- [F4]This transaction was made pursuant to a Rule 10b5-1 trading plan dated December 13, 2024 adopted by the reporting person.
- [F5]The price reported in column 4 is a weighted average price. These shares were disposed of in multiple transactions at prices ranging from $325.3800 - $327.4001, inclusive. The reporting person undertakes to provide to Visa Inc., any security holder of Visa Inc., or the staff of the Securities & Exchange Commission, upon request, full information regarding the number of shares disposed of at each separate price within the ranges set forth in this Form 4.
- [F6]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, 2025.
- [F7]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, 2025.