Julie B. Rottenberg, General Counsel of Visa Inc. (NYSE:V), filed a Form 4 on September 10, 2026, disclosing the exercise of employee stock options and a same-day sale of 1,867 shares of Class A Common Stock on September 9, 2026, pursuant to a Rule 10b5-1 trading plan.

Key Highlights

  • Option exercise: Rottenberg acquired 1,867 shares of Class A Common Stock via an employee stock option at an exercise price of $134.76 per share on September 9, 2026.
  • Same-day sale: All 1,867 acquired shares were disposed of at $368.34 per share on September 9, 2026.
  • Remaining ownership: Following the transactions, Rottenberg directly held 18,404 shares of Class A Common Stock.
  • Remaining options: Rottenberg holds 3,734 employee stock options with an exercise price of $134.76 and an expiration date of November 19, 2028.
  • 10b5-1 plan: The transactions were made pursuant to a Rule 10b5-1 trading plan dated June 1, 2026, adopted by the reporting person.
  • Original option grant: The exercised options were granted on November 19, 2018, with vesting in three equal installments on each of the first three anniversaries of the grant date.

Visa General Counsel's Option Exercise and Share Sale Details

According to the filing, Julie B. Rottenberg, identified as General Counsel of Visa Inc., executed two linked transactions on September 9, 2026. First, she acquired 1,867 shares of Class A Common Stock through the exercise of an employee stock option at a conversion price of $134.76 per share, bringing her directly held total to 20,271 shares following that acquisition. She then disposed of all 1,867 shares at a price of $368.34 per share, reducing her direct holdings to 18,404 shares.

The filing indicates both transactions were carried out under a Rule 10b5-1 trading plan that Rottenberg adopted on June 1, 2026. The exercised options were originally granted on November 19, 2018, and the filing notes they "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." After the exercise, Rottenberg retains 3,734 employee stock options at the same $134.76 exercise price, with an expiration date of November 19, 2028. All reported holdings are held directly.

The Form 4 was signed by Sue Choi as Attorney-in-Fact on September 10, 2026. The filing also notes that the box indicating transactions made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c) affirmative defense conditions has been checked.

What Was Disclosed

The filing reported the exercise of 1,867 employee stock options at $134.76 and the same-day sale of those shares at $368.34 by Visa's General Counsel on September 9, 2026, under a pre-established 10b5-1 plan, leaving 18,404 shares and 3,734 options directly held.