About 16% overall. As a group they ended with more shares than they started with. These figures leave out Ryan McInerney, the largest holder (most of their shares vested during the period, so a percentage would mislead).
| Who | Shares | Price | % of total stake | Total stake after | Trade date | Filed |
|---|---|---|---|---|---|---|
| Ryan McInerney Chief Executive Officer, Director | 5,875 | $358.81 | 2.1% | 280K | Oct 1, 2026 | Oct 2, 2026 |
"% of total stake" is the shares in this event against all the vested shares the person held that day, across every share class and holding entity, after that day's vesting. "n/a" means the person's holdings don't reconcile, or the row is a purchase. "Holdings record incomplete" means more shares were sold than the filings show the person held that day, so a percentage would be wrong.
| Who | Shares | Price | % of total stake | Total stake after | Trade date | Filed |
|---|---|---|---|---|---|---|
| Julie Rottenberg General Counsel | 1,867 | $368.34 | 9.2% | 18K | Sep 9, 2026 | Sep 10, 2026 |
"% of total stake" is the shares in this event against all the vested shares the person held that day, across every share class and holding entity, after that day's vesting. "n/a" means the person's holdings don't reconcile, or the row is a purchase. "Holdings record incomplete" means more shares were sold than the filings show the person held that day, so a percentage would be wrong.
Percentages cover 10 of 17 officers and directors. 7 are left out Disclosed company stock is not an insider's whole wealth.i
Left out: Ryan McInerney, Kelly Mahon Tullier, Paul Fabara, Chris Suh and Julie Rottenberg (most of their shares vested during the period, so a percentage would mislead); Linda Rendle and William Ready (held no vested shares at the start).
Officers and directors, past 12 months. Each bar is the insider's vested stake at the start of the period (Oct 8, 2025). The gold part is what they sold.
Officers and directors, Oct 2025 to Oct 2026. Each sale is counted once: under a disclosed plan, else to cover taxes, else no plan disclosed.
Yes. Ryan McInerney sold 112K shares ($38.7M) in the past 12 months, all of it under a trading plan disclosed in the filings.
Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 63% of sales by value ran under 10b5-1 trading plans disclosed in the filings and 37% had no disclosed plan. A trading plan schedules sales in advance.
No. Officers and directors reported no purchases in the past 12 months.
About 16% overall. As a group they ended with more shares than they started with. These figures leave out Ryan McInerney, the largest holder (most of their shares vested during the period, so a percentage would mislead). That covers the 12 months to Oct 8, 2026 and counts vested shares reported on SEC Forms 3, 4 and 5, which is not an insider's whole wealth.
| Who sold | Amount | % of holdings | Trading plan |
|---|---|---|---|
| Ryan McInerney Chief Executive Officer, Director | $38.7M 112K shares | 28%†i† Most of the shares Ryan McInerney sold arrived during the period, so this is shares sold as a share of the 248K held at the start plus the 194K received, less 42K withheld by the company for taxes. | Disclosed plan |
| Kelly Mahon Tullier Vice Chair, Chf Ppl & Corp Aff | $20.9M 57K shares | 53%†i† Most of the shares Kelly Mahon Tullier sold arrived during the period, so this is shares sold as a share of the 36K held at the start plus the 108K received, less 35K withheld by the company for taxes. | No plan disclosed |
| Rajat Taneja President, Technology | $16.6M 48K shares | 21% | 60% under a disclosed plan |
| Chris Suh Chief Financial Officer | $3.5M 11K shares | 37%†i† Most of the shares Chris Suh sold arrived during the period, so this is shares sold as a share of the 18K held at the start plus the 21K received, less 9.6K withheld by the company for taxes. | No plan disclosed |
| Paul Fabara Chief Risk & Client Svcs Ofc | $3.2M 9.7K shares | 21%†i† Most of the shares Paul Fabara sold arrived during the period, so this is shares sold as a share of the 26K held at the start plus the 41K received, less 21K withheld by the company for taxes. | Disclosed plan |
| Julie Rottenberg General Counsel | $2.9M 7.9K shares | 30%†i† Most of the shares Julie Rottenberg sold arrived during the period, so this is shares sold as a share of the 12K held at the start plus the 21K received, less 6.5K withheld by the company for taxes. | Disclosed plan |
| Lloyd Carney Director | $504K 1.6K shares | 46% | No plan disclosed |
Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.
| Insider | Held Oct 8, 2025 | Sold | Held Oct 8, 2026 | Still held | ||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ryan McInerney Chief Executive Officer, Director | 248K | −112K | 280K | not meaningful | ||||||||||||||||||||||||||||||||
Vesting, gifts, unvested awards and holding lines for Ryan McInerney+194Kshares vested or exercised −7.8Kgifted (net of own trusts) −42Kwithheld by the company for taxes 38K → 42Kunvested awards, start → end
Stock options (not counted as shares):
Estimate: options held × ($358.81 − strike price), using the most recent insider trade price on Form 4 (Oct 1, 2026), not a market close. | ||||||||||||||||||||||||||||||||||||
| Rajat Taneja President, Technology | 232K | −48K | 232K | 100% | ||||||||||||||||||||||||||||||||
Vesting, gifts, unvested awards and holding lines for Rajat Taneja+96Kshares vested or exercised 0gifted (net of own trusts) −49Kwithheld by the company for taxes 24K → 23Kunvested awards, start → end Stock options (not counted as shares):
Estimate: options held × ($358.81 − strike price), using the most recent insider trade price on Form 4 (Oct 1, 2026), not a market close. | ||||||||||||||||||||||||||||||||||||
| Kelly Mahon Tullier Vice Chair, Chf Ppl & Corp Aff | 36K | −57K | 50K | not meaningful | ||||||||||||||||||||||||||||||||
Vesting, gifts, unvested awards and holding lines for Kelly Mahon TullierName on SEC filings: Tullier Mahon (MAHON TULLIER KELLY). +108Kshares vested or exercised −1.5Kgifted (net of own trusts) −35Kwithheld by the company for taxes 14K → 13Kunvested awards, start → end Stock options (not counted as shares):
Estimate: options held × ($358.81 − strike price), using the most recent insider trade price on Form 4 (Oct 1, 2026), not a market close. | ||||||||||||||||||||||||||||||||||||
| Francisco Fernandez-Carbajal Director | 32K | 0 | 33K | no sales | ||||||||||||||||||||||||||||||||
| Paul Fabara Chief Risk & Client Svcs Ofc | 26K | −9.7K | 37K | not meaningful | ||||||||||||||||||||||||||||||||
Vesting, gifts, unvested awards and holding lines for Paul Fabara+41Kshares vested or exercised 0gifted (net of own trusts) −21Kwithheld by the company for taxes 8.6K → 10Kunvested awards, start → end Stock options (not counted as shares):
Estimate: options held × ($358.81 − strike price), using the most recent insider trade price on Form 4 (Oct 1, 2026), not a market close. | ||||||||||||||||||||||||||||||||||||
| Chris Suh Chief Financial Officer | 18K | −11K | 18K | not meaningful | ||||||||||||||||||||||||||||||||
Vesting, gifts, unvested awards and holding lines for Chris Suh+21Kshares vested or exercised 0gifted (net of own trusts) −9.6Kwithheld by the company for taxes 29K → 16Kunvested awards, start → end Stock options (not counted as shares):
Estimate: options held × ($358.81 − strike price), using the most recent insider trade price on Form 4 (Oct 1, 2026), not a market close. | ||||||||||||||||||||||||||||||||||||
| Julie Rottenberg General Counsel | 12K | −7.9K | 18K | not meaningful | ||||||||||||||||||||||||||||||||
Vesting, gifts, unvested awards and holding lines for Julie Rottenberg+21Kshares vested or exercised 0gifted (net of own trusts) −6.5Kwithheld by the company for taxes 6.9K → 9.4Kunvested awards, start → end Stock options (not counted as shares):
Estimate: options held × ($358.81 − strike price), using the most recent insider trade price on Form 4 (Oct 1, 2026), not a market close. | ||||||||||||||||||||||||||||||||||||
| Denise Morrison Director | 9.3K | 0 | 10K | no sales | ||||||||||||||||||||||||||||||||
| John Lundgren Director | 8.9K | 0 | 9.8K | no sales | ||||||||||||||||||||||||||||||||
| Peter Andreski Gbl Corp Controller, CAO | 7K | 0 | 10K | no sales | ||||||||||||||||||||||||||||||||
Vesting, gifts, unvested awards and holding lines for Peter Andreski+5.8Kshares vested or exercised 0gifted (net of own trusts) −2.6Kwithheld by the company for taxes 7.4K → 8.7Kunvested awards, start → end Stock options (not counted as shares):
Estimate: options held × ($358.81 − strike price), using the most recent insider trade price on Form 4 (Oct 1, 2026), not a market close. | ||||||||||||||||||||||||||||||||||||
| Teri List Director | 3.7K | 0 | 4.5K | no sales | ||||||||||||||||||||||||||||||||
| Lloyd Carney Director | 3.4K | −1.6K | 2.7K | 80% | ||||||||||||||||||||||||||||||||
| Maynard Webb Jr. Director | 3K | 0 | 3K | no sales | ||||||||||||||||||||||||||||||||
| Pam Murphy Director | 2.6K | 0 | 3.4K | no sales | ||||||||||||||||||||||||||||||||
| Kermit Crawford Director | 1.6K | 0 | 1.6K | no sales | ||||||||||||||||||||||||||||||||
| William Ready Director | 0 | 0 | 1.1K | no sales | ||||||||||||||||||||||||||||||||
17 of 17 insiders fully reconciled: starting holdings plus reported transactions match ending holdings (17 exactly, 0 with a minor or footnoted difference). Percentages cover 10 of 17 officers and directors. Left out: Ryan McInerney, Kelly Mahon Tullier, Paul Fabara, Chris Suh and Julie Rottenberg (most of their shares vested during the period, so a percentage would mislead); Linda Rendle and William Ready (held no vested shares at the start). "Still held" compares ending with starting vested shares; a plus sign means the holding grew.
Officer and director open-market sales: $86.3M across 247,108 shares. Plan status and stated purpose are separate questions, and a sale can have both.
The lighter segment is sales with no plan disclosed in the filing ($31.5M), including tax-related sales outside a plan.
Sales with no 10b5-1 plan and no tax reference in the filing. $20.9M of it is Kelly Mahon Tullier. No plan disclosed is a statement about the filing, not about why the sale happened. Largest such sale: Kelly Mahon Tullier, Jul 30, 2026
164,676 shares ($54.0M) were withheld by the company for taxes, which isn't a market sale.
| Seller | Shares sold | Proceeds | Under a disclosed plan | Share of total | Sales dates |
|---|---|---|---|---|---|
| Ryan McInerney Chief Executive Officer, Director | 112K | $38.7M | 100% | 45% | Nov 3, 2025 to Oct 1, 2026 |
| Kelly Mahon Tullier Vice Chair, Chf Ppl & Corp Aff | 57K | $20.9M | 0% | 24% | Jul 30, 2026 to Jul 30, 2026 |
| Rajat Taneja President, Technology | 48K | $16.6M | 60% | 19% | Nov 21, 2025 to Aug 21, 2026 |
| Chris Suh Chief Financial Officer | 11K | $3.5M | 0% | 4% | May 12, 2026 to May 12, 2026 |
| Paul Fabara Chief Risk & Client Svcs Ofc | 9.7K | $3.2M | 100% | 4% | Nov 21, 2025 to Dec 2, 2025 |
| Julie Rottenberg General Counsel | 7.9K | $2.9M | 100% | 3% | Dec 11, 2025 to Sep 9, 2026 |
| Lloyd Carney Director | 1.6K | $504K | 0% | 0.6% | Nov 4, 2025 to Mar 11, 2026 |
| Month | Sale proceeds | Disclosed plan | To cover taxes | No plan disclosed |
|---|---|---|---|---|
| Oct 2025 | $0 | $0 | $0 | $0 |
| Nov 2025 | $6.7M | $6.4M | $0 | $303K |
| Dec 2025 | $14.6M | $14.6M | $0 | $0 |
| Jan 2026 | $3.7M | $3.7M | $0 | $0 |
| Feb 2026 | $0 | $0 | $0 | $0 |
| Mar 2026 | $201K | $0 | $0 | $201K |
| Apr 2026 | $10.7M | $10.7M | $0 | $0 |
| May 2026 | $3.5M | $0 | $0 | $3.5M |
| Jun 2026 | $7.1M | $7.1M | $0 | $0 |
| Jul 2026 | $25.2M | $4.3M | $0 | $20.9M |
| Aug 2026 | $9.6M | $2.9M | $0 | $6.7M |
| Sep 2026 | $2.9M | $2.9M | $0 | $0 |
| Oct 2026 | $2.1M | $2.1M | $0 | $0 |
In line with the past 5 years. 7 insiders sold; the average is 7 a year.
| 12 months ending | Shares sold | Insiders who sold | Proceeds |
|---|---|---|---|
| Oct 8, 2026 Latest 12 months | 247K | 7 | $86.3M |
| Oct 8, 2025 1 year earlier | 411K | 6 | $142M |
| Oct 8, 2024 2 years earlier | 298K | 8 | $78.1M |
| Oct 9, 2023 3 years earlier | 476K | 7 | $99.6M |
| Oct 9, 2022 4 years earlier | 168K | 5 | $35.7M |
| Oct 9, 2021 5 years earlier | 473K | 9 | $107M |
Open-market sales (Form 4 code S) by people who were officers or directors, in split-adjusted shares. Earlier years include people who have since left. A sale that an outside holder also reports (a family trust, a fund) is counted with outside holders in every year. Shares, not dollars, are compared, so a change in the stock price doesn't look like a change in selling. Years the filings don't fully cover are shown but left out of the average.
Every officer and director reconciles for this period.
Inferred rename: "Joseph W and Sharon P Saunders Trust dtd 03/21/2000" is treated as the same holder as "Joseph W. & Sharon P. Saunders Trust dated 03/21/2000", because the old name was never reported again and the new one opened with the same balance (78,400 shares). Old name, new name
External context: we only cite outside events when a documented connection exists. None is shown for this period.
All 951 Forms 3, 4 and 5 filed for Visa Inc. (SEC CIK 1403161) from Mar 18, 2008 to Oct 2, 2026, retrieved from SEC EDGAR on Oct 8, 2026. Prices are the ones reported in each filing, often weighted averages.
Probable 4-for-1 stock split on or before Jun 3, 2015 (first filing that shows post-split balances). Splits aren't reported as transactions; 18 holding lines changed by exactly this ratio, so earlier share counts are restated.
Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.
Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".