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

Key Highlights

  • Option exercise: Rottenberg exercised 1,867 employee stock options at an exercise price of $134.76 per share on November 9, 2026, using transaction code M.
  • Share sale: 1,867 shares of Class A Common Stock were disposed of at a price of $423 per share on November 9, 2026, using transaction code S.
  • Remaining ownership: Following the transactions, Rottenberg directly beneficially owned 18,404 shares of Class A Common Stock.
  • 10b5-1 plan: Both transactions were made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 1, 2026.
  • Option grant date: The exercised options were originally granted on November 19, 2018, with an expiration date of November 19, 2028.
  • Remaining derivative securities: 1,867 employee stock options remain directly held by Rottenberg following the reported transaction.

Rottenberg's Option Exercise and Share Sale at Visa on November 9, 2026

According to the filing, Julie B. Rottenberg, identified as General Counsel of Visa Inc. (NYSE:V), reported two transactions in Class A Common Stock on November 9, 2026. First, she exercised 1,867 employee stock options at a conversion or exercise price of $134.76 per share, acquiring 1,867 shares directly. This brought her directly held beneficial ownership to 20,271 shares immediately following that exercise, the filing stated.

In a second transaction recorded on the same date, Rottenberg disposed of 1,867 shares at a price of $423 per share, reducing her directly held beneficial ownership to 18,404 shares. The filing noted that both transactions were carried out under a Rule 10b5-1 trading plan dated June 1, 2026, that was adopted by the reporting person. The form was signed by Sue Choi as Attorney-in-Fact on November 10, 2026.

Regarding the exercised options, the filing explained that the 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 grant date was listed as November 19, 2018, with an expiration date of November 19, 2028. Following the reported exercise, 1,867 employee stock options remain directly owned by Rottenberg, the filing disclosed.

What Was Disclosed

The Form 4 filing disclosed that Visa General Counsel Julie B. Rottenberg exercised 1,867 employee stock options and sold 1,867 shares of Class A Common Stock on November 9, 2026, under a pre-established Rule 10b5-1 plan, leaving her with 18,404 directly held shares.