Business

Visa Announces Expiration and Results of Exchange Offer for Class B-1 and Class B-2 Common Stock

SAN FRANCISCO, May 11, 2026--Visa (NYSE:V) today announced that its Exchange Offer for Class B-1 and B-2 common stock expired on May 8, 2026. The Exchange Offer allowed each participating holder of Class B common stock to exchange their shares of Class B common stock for a combination of Visa’s Class B-3 common stock, Visa’s Class C common stock and, where applicable, cash in lieu of fractional shares.

articleVisa Inc.May 11, 20264/company/visa-inc-class-a/news/visa-announces-expiration-and-results-of-exchange-offer-for-class-b-1-and-class-b-2-common-stock
Visa Announces Expiration and Results of Exchange Offer for Class B-1 and Class B-2 Common Stock

About this update from Visa Inc.

[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":1920,"height":622,"url":"https://media.zenfs.com/en/business-wire.com/429e9a4eb9342f9842ad903d8b41e204"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/B0EjUHs4oR1tqa3eU6.rDg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTMxMQ--/https://media.zenfs.com/en/business-wire.com/429e9a4eb9342f9842ad903d8b41e204","width":960,"height":311},"resize_sm":{"url":"https://s.yimg.com/ny/api/res/1.2/dI4RB3H38eQnaNl3B213Xg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTY0MDtoPTIwNw--/https://media.zenfs.com/en/business-wire.com/429e9a4eb9342f9842ad903d8b41e204","width":640,"height":207},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/0ExRrlBv_Oipjnjsp0m3rA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTI0MDA7aD03Nzg-/https://media.zenfs.com/en/business-wire.com/429e9a4eb9342f9842ad903d8b41e204","width":1200,"height":389}},"lazy":false},{"type":"text","content":"SAN FRANCISCO, May 11, 2026--(BUSINESS WIRE)--Visa (NYSE:V) today announced that its Exchange Offer for Class B-1 and B-2 common stock expired on May 8, 2026. The Exchange Offer allowed each participating holder of Class B common stock to exchange their shares of Class B common stock for a combination of Visa’s Class B-3 common stock, Visa’s Class C common stock and, where applicable, cash in lieu of fractional shares.","length":422,"tagName":"p"},{"type":"text","content":"Today, Visa has accepted approximately 2.7 million shares of Class B-1 common stock and approximately 119.8 million shares of Class B-2 common stock tendered in the Exchange Offer. Based on the number of shares that were tendered, Visa will issue in exchange: 1","length":261,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"approximately 60.6 million shares of Class B-3 common stock;","length":60,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"approximately 23.3 million shares of Class C common stock; and","length":62,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"in lieu of issuing fractional shares, Visa will pay cash based on the reported closing Class A common stock price on the NYSE as of the expiration date of $318.79.","length":163,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":285,"olType":false},{"type":"text","content":"The accepted stoc...

More updates from Visa Inc.

Exchange OfferVisafractional sharescommon stock