Class B-1, B-2, B-3 and C Common Stock Information

Class B-1, B-2, B-3 and C Common Stockholders Information

This webpage is for holders of shares of class B-1, B-2, B-3 and C common stock of Visa Inc. (the "Company") who are interested in transferring their class B-1, B-2, B-3 or C shares to another party. All references to “class B common stock” in this webpage shall be deemed to refer to and shall be deemed to constitute and include all class B-1 common stock, class B-2 common stock, and Class B-3 common stock.

Class B Shares

Pursuant to the Company's amended and restated certificate of incorporation (the "Charter"), class B shares generally may not be transferred until the Escrow Termination Date (as defined in the Charter).

Our Charter permits specific categories of transfers ("Permitted Transfers") during the transfer restriction period described above. We have identified several Permitted Transfer scenarios that are most relevant and applicable to our class B stockholders, and this web page is intended to assist those to: (1) determine whether their transfer scenario is permitted; and (2) obtain forms needed to commence the transfer request process.

Class C Shares

Under our Charter, no stockholder may own or hold votes represented by (i) more than 15% of the total number of our outstanding class A shares or (ii) class A shares and other common stock representing, together and on an as-converted basis, more than 15% of the number of shares of all of our outstanding common stock.

There are currently transfer restrictions on class C common stock issued in connection with Visa’s 2026 Class B Exchange Offer. Holders who participated in the 2026 Class B Exchange Offer may only transfer up to one-third of Class C common stock that they received in connection with the 2026 Exchange Offer until June 25, 2026 (exclusive) and only up to two-thirds of the Class C common stock they received in connection with the 2026 Class B Exchange Offer until August 9, 2026 (exclusive). Beginning on August 9, 2026, all Class C shares issued in connection with the 2026 Class B Exchange Offer will be fully transferrable.

All Class C shares issued in connection with the 2024 Class B Exchange Offer are fully transferrable.

Share Transfers

Currently, the following Permitted Transfers may be arranged through this webpage:

1. Transfers from a holder of class B shares to another holder of class B shares (or to any affiliate of a holder of class B shares);
2. Transfers from a holder of class C shares to another holder of class C shares (or to any affiliate of such a holder of class C shares);
3. Transfers from a holder of class B shares to its respective affiliates;
4. Transfers from a holder of class C shares to its respective affiliates;
5. Transfers from a holder of class B or C shares to any person who succeeds to all or substantially all of the transferor's assets or who acquires all or substantially all of the transferor's Visa-branded payment product portfolio;
6. Transfers of class B or C shares from a Group Member (as defined in the Second Restated Visa International Bylaws) of Visa International Service Association to a stockholder, member or other equity holder in that Group Member ratably in accordance with such member's entitlement to dividends or other distributions;
7. To effect a corporate name change for holders of class B or C shares of Visa Inc.; and
8. Sale of class C shares to the public market or private placement to a transferor who is not a Visa Member or an affiliate of a Visa Member (as defined in Visa’s Certificate of Incorporation).

Under our Charter, no stockholder may own (i) more than 15% of the total number of, or votes represented by, our outstanding class A shares or (ii) class A shares and other common stock representing, together and on an as-converted basis, more than 15% of the number of shares of all of our outstanding common stock.

Please access our class B and C Stockholder Frequently Asked Questions to review the most commonly requested information and background relating to ownership rights, limitations and transfers of our class B and C shares. For information on Permitted Transfers not addressed on this website, please contact Visa's Transfer Agent, Equiniti Trust Company (formerly Wells Fargo Shareowner Services a division of Wells Fargo Bank N.A.) at the number listed below.

You can also access your shareowner account through the Shareowner Online website at https://www.shareowneronline.com. Through the Shareowner Online website, you can view account information, change your registered address, update your email address, sign up for wire transfer of your dividend payments, request replacements for outstanding checks, and sign up for e-delivery of your account statement and tax forms.

If, having reviewed all of the terms and conditions related to Permitted Transfers, you have determined that you wish to effect a transfer of class B or C shares, please use the documentation provided through the links below.

Forms

1. To conduct transfers from a holder of class B shares to another holder of class B shares (or to any affiliate of a holder of class B shares), please use the following documents:

• Generic Transfer Documents including a Transfer Letter, an Officer's Certificate and comprehensive Procedures to complete the class B-1, B-2, or B-3 Common Stock Transfer Letter and Officer's Certificate
• Acknowledgement to be executed by the party to which your financial institution is transferring its stock ("transferee")
• Applicable tax forms submitted by the transferee to which your financial institution is transferring its stock. W-9 or W-8BEN-E (or applicable W-8) Tax Forms

3. To conduct transfers from a holder of class C shares to another holder of class C shares (or to any affiliate of a holder of class C shares), please use the following documents:

• Generic Transfer Documents including a Transfer Letter, an Officer's Certificate and comprehensive Procedures to complete the class C Common Stock Transfer Letter and Officer's Certificate
• Acknowledgement to be executed by the party to which your financial institution is transferring its stock ("transferee")
• Applicable tax forms submitted by the transferee to which your financial institution is transferring its stock. W-9 or W-8BEN-E (or applicable W-8) Tax Forms

5. To conduct transfers from a holder of class B shares to an Affiliate, please use the following documents:

• Generic Transfer Documents including a Transfer Letter, an Officer's Certificate and comprehensive Procedures to complete the class B-1, B-2, or B-3 Common Stock Transfer Letter and Officer's Certificate
• Applicable tax forms submitted by the transferee to which your financial institution is transferring its stock. W-9 or W-8BEN-E or (or applicable W-8) Tax Forms

7. To conduct transfers from a holder of class C shares to an Affiliate, please use the following documents:

• Generic Transfer Documents including a Transfer Letter, an Officer's Certificate and comprehensive Procedures to complete the class C Common Stock Transfer Letter and Officer's Certificate
• Applicable tax forms submitted by the transferee to which your financial institution is transferring its stock. W-9 or W-8BEN-E (or applicable W-8) Tax Forms

9. To conduct transfers from a holder of class B or C shares to any person who succeeds to all or substantially all of the transferor's assets (or who acquires all or substantially all of the transferor's Visa-branded payment product portfolio), please use the following documents:

• Merger/Consolidation Transfer documents including an Officer's Certificate, a Stock Power and comprehensive Procedures to complete the Officer's Certificate and Stock Power
• Applicable tax forms submitted by your financial institution W-9 or W-8BEN-E (or applicable W-8) Tax Forms

11. To conduct transfers from a Group Member of Visa International Service Association to a stockholder, member or other equity holder in such Group Member ratably in accordance with such persons respective entitlements to dividends or other distributions from the Group Member, please use the following documents:

• Generic Transfer Documents including a Transfer Letter, an Officer's Certificate and comprehensive Procedures to complete the class B-1, B-2, or B-3 Common Stock Transfer Letter and Officer's Certificate or class C Common Stock Transfer Letter and Officer's Certificate.
• Acknowledgement to be executed by the party whom your financial institution is transferring its shares ("transferee").
• Applicable tax forms submitted by the transferee to which your financial institution is transferring its stock. W-9 or W-8BEN-E (or applicable W-8) Tax Forms

13. To effect a corporate name change for holders of class B and class C shares of Visa, please use the following documents:

• Corporate Name Change documents including an Officer's Certificate, a Legal Name Change Form, W-9 or W-8BEN-E (or applicable W-8) and comprehensive Procedures to complete the Officer's Certificate and Legal Name Change Form

15. To conduct a sale of class C shares to the public market or via private placement, please visit the following website:

• https://shareowneronline.com/visa-class-c-share-sales/

All originally executed documents must be delivered to EQ Shareowner Services via mail or courier at the following address:

Via Mail:

EQ Shareowner Services
P.O. Box 64874
St. Paul, MN 55164-0874

Via Courier:

EQ Shareowner Services
1110 Centre Pointe Curve, Suite 101
Mendota Heights, MN 55120

Telephone: From within the U.S. 1-866-456-9417
Telephone: From outside the U.S. +1-651-306-4433
Email: visa@equiniti.com

Frequently Asked Questions

The Company has drafted class B and C Stockholder Frequently Asked Questions in an effort to address any questions or concerns that our class B and C stockholders may have regarding transfer restrictions, ownership limitations or otherwise.

See below for the class B common stock conversion rate. The current class C common stock conversion rate is 4.0 shares of class A common stock per class C common stock. For more information, please visit our SEC Filing Form 8-K dated June 26, 2026 at Visa Inc. - SEC Filings

1 The Company’s class B-1 conversion rate changes with deposits into the litigation escrow account previously established under the Company’s U.S. retrospective responsibility plan (the “Plan”) to address potential liability in certain U.S. litigation matters. Under the terms of the Plan, when the Company funds the litigation escrow, the sole holders of class B-1 and class B-2 shares bear the expense via a reduction in their as-converted share count.

2 The Company issued class B-2 stock on May 8, 2024 as part of an exchange offer for class B-1 common stock. The conversion rates for the class B-1 and class B-2 common stock as of May 8, 2024 were 1.5875. Similar to the class B-1 common stock, the class B-2 common stock conversion rate also changes with deposits into the litigation escrow account. However, the downward conversion rate adjustments to the class B-2 common stock will occur at twice the rate as that applicable to the class B-1 common stock.

3 The Company issued class B-3 stock on May 12, 2026 as part of an exchange offer for class B-1 common stock and class B-2 common stock. The conversion rates for the class B-2 and class B-3 common stock as of May 12, 2026 were 1.5075. Similar to the class B-1 common stock and Class B-2 common stock, the class B-3 common stock conversion rate also changes with deposits into the litigation escrow account. However, the downward conversion rate adjustments to the class B-3 common stock will occur at twice the rate as that applicable to the class B-2 common stock and four times the rate as that applicable to the class B-1 common stock.

4 Effective March 19, 2015, after the 4-for-1 stock split of the Company’s class A common stock, the conversion rate for each class B common stock increased to 1.6483 shares of class A common stock.