Oracle filed a Certificate of Designations on Feb 5, 2026 (effective) creating Mandatory Convertible…
Filed with the SEC on · Summarized by InvestorsBot
Oracle filed a Certificate of Designations on Feb 5, 2026 (effective) creating Mandatory Convertible Preferred Stock. While any remain outstanding, Oracle won’t pay/dividend or repurchase common/junior stock unless preferred dividends are declared/paid or reserved. $ORCL 📜 #PreferredStock #Dividends
Mandatory Convertible Preferred: $100,000 liquidation preference per share; accrues 6.50% p.a. (~$6,500/yr) payable quarterly on Jan/Apr/Jul/Oct starting Apr 15, 2026 and ending Jan 15, 2029. Dividends may be paid in cash or, subject to limits, common stock. $ORCL 💰 #Dividends #Convertible
Conversion: each preferred auto-converts after Final Averaging Period into 499.8126–624.7657 shares common (per depositary share 0.2499–0.3124) based on 20‑day VWAP ending Jan 15, 2029. Holders of 2,000 depositary shares can force conversion at the min rate. $ORCL 🔁 #Convertible #Stocks