Visa (NYSE:V) authorized the deposit of $375M into its U.S. litigation escrow account, a move that results in the dilution of its B-1 and B-2 common stock, which are held predominantly by U.S. financial institutions and their affiliates and successors, the company disclosed in a filing on Monday.

With the deposit, the conversion rate of its class B-1 to class A common stock falls to 1.5609 from 1.5653 and its class B-2 common stock conversion rate falls to 1.5342 from 1.5430 as of March 27, 2025.

The change in conversion rate has the same effect as repurchasing Visa's (NYSE:V) class A common stock. As a result, the as-converted class B-1 common stock share count was reduced by ~21,297 shares to 7.55M, and the as-converted B-2 common stock share count was reduced by ~1.06M to 184.8M.

Visa (V) stock slipped 0.2% in Monday after-hours trading.