{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-199447","form_type":"8-K","ticker":"FLG","cik":"0000910073","company_name":"FLAGSTAR BANK, NATIONAL ASSOCIATION","filed_at":"2024-08-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:16.268553+00:00","generated_at":"2026-05-31T09:55:35.902758+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"NYCB exchanges 63,357 Series B preferred shares for 21.1M common shares with three investors","bullets":["Liberty 77 Capital exchanged 29,000 Series B shares for 9,666,665 common shares; Hudson Bay exchanged 22,500 Series B for 7,499,998 common; Reverence exchanged 11,857 Series B for 3,952,332 common.","Common shares outstanding post-exchange: 372,551,600 (up from 351,432,605 as of Aug 9).","Exchanges comply with 9.99% beneficial ownership cap; no investor exceeds limit after transaction.","Reverence holds no Series B after exchange; Liberty retains 114,355 Series B convertible to ~38.1M common; Hudson Bay retains 14,350 Series B convertible to ~4.78M common.","Series B shares were acquired in March 2024 as part of a $1.05B capital raise; exchanges were contemplated under the original investment agreements."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-199447","json":"https://secwatch.observer/filing/0001193125-24-199447.json","markdown":"https://secwatch.observer/filing/0001193125-24-199447.md","text":"https://secwatch.observer/filing/0001193125-24-199447.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/910073/000119312524199447/0001193125-24-199447-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/910073/000119312524199447/d745147d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T09:55:35.902758+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}