Visa Class B-1 Common Stock Exchange Offer
EQ Shareowner Services
The information on this web page is intended for holders of shares of Class B-1 common stock (“Class B-1 shares”) of Visa Inc. (the “Company”) who exchanged their Class B-1 shares into shares of the Company’s Class B-2 common stock (“Class B-2 shares”) in our 2024 exchange offer (the “Exchange Offer”) and are subsequently interested in selling the shares of Class C common stock (“Class C shares”) received in the Exchange Offer.
If you wish to sell your Class C shares received in connection with the Exchange Offer, please review the information provided below.
Exchange Offer Process
If you participated in the Exchange Offer, your Class B-1 shares tendered in the Exchange Offer were exchanged, on a per share basis, for a combination of:
| (1) | one half of a Class B-2 share; | |
| (2) | Class C shares in an amount equivalent to one half of a Class B-1 share; and | |
| (3) | where applicable, cash in lieu of fractional shares. |
The Class C shares received in the Exchange Offer are convertible into shares of Class A common stock of the Company (“Class A shares”) automatically upon transfer, subject to a lock-up period as outlined below:
- up to one-third (1/3) transferrable immediately following the completion of the Exchange Offer;
- an additional one-third (1/3) transferrable after 45 days from the Exchange Offer acceptance date; and
- the remaining one-third (1/3) transferrable after 90 days from the Exchange Offer acceptance date.
Effective August 4, 2024, all Class C shares are fully transferrable. There are two methods by which a Class C shareholder may sell its Class C shares:
| (1) | A Class C shareholder may instruct that the shares designated for sale be transferred into the shareholder’s existing brokerage account for sale, provided the broker is a participant of the Depository Trust and Clearing Corporation (DTCC). If a Class C shareholder chooses to use its own broker, it must represent that it has committed to sell Class A shares on the open market before shares will be transferred to that broker. | |
| (2) | A Class C shareholder may use the Visa Sales Facility provided by EQ Shareowner Services. Shareholders are not obligated to use EQ Shareowner Services for that service. |
The instructions and forms necessary to convert and transfer Class C shares are below
Please note that EQ Shareowner Services will convert the Class C shares into Class A shares in accordance with the applicable conversion rate for Class A shares for the settlement of such sales when they are sold into the public market.
Contact Us
Please feel free to contact EQ Shareowner Services, where representatives are available to answer your questions Monday through Friday from 7:00 a.m. – 7:00 p.m. Central Time.
By mail
EQ Shareowner Services
P.O. Box 64874
St. Paul, MN 55164-0874
By courier
EQ Shareowner Services
1110 Centre Pointe Curve, Suite 101
Mendota Heights MN 55120-4100
Telephone
• From within the U.S.: 1-866-456-9417
• From outside the U.S.: +1-651-306-4433
By email
Neither Visa Inc., EQ Shareowner Services, nor any of their affiliates provides advice and makes no recommendations with respect to purchasing or selling investments. Any investment decision must be made by the individual plan participants guided by their own research and judgment. The information contained herein is for informational purposes only and does not constitute advice, a solicitation, or an offer to buy or sell investment securities.
Neither EQ Shareowner Services nor any of its affiliates guarantee the accuracy or completeness of the information contained herein and makes no express or implied warranties, including any warranty of merchantability or fitness for a particular use. Neither EQ Shareowner Services nor any of its affiliates is liable for inaccuracies or omissions in the information contained herein or for actions taken in reliance on that information.
Investments, Insurance, and Identity theft protection products:
Are NOT insured by the FDIC or any other federal government agency
May lose value