---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-224128"
form_type: "8-K"
ticker: "FLG"
cik: "0000910073"
company_name: "FLAGSTAR BANK, NATIONAL ASSOCIATION"
filed_at: "2024-09-24T23:59:59+00:00"
generated_at: "2026-05-31T02:13:50.598867+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# NYCB exchanges 127,955 Series B preferred shares for 42.65M common shares with Liberty 77 and Hudson Bay

## Summary
- Liberty exchanged 114,355 Series B shares for 38,118,329 common shares; Hudson Bay exchanged 13,600 Series B shares for 4,533,331 common shares.
- After the exchange, Liberty holds no Series B shares; Hudson Bay holds 750 Series B shares convertible into ~249,999 common shares.
- Common shares outstanding post-exchange: 415,261,212; the transaction was completed on Sept 23, 2024.
- The Series B shares exchanged were originally issued in NYCB's ~$1.05B capital raise in March 2024.

## SEC filing metadata
- accession: 0001193125-24-224128
- form_type: 8-K
- ticker: FLG
- cik: 0000910073
- company_name: FLAGSTAR BANK, NATIONAL ASSOCIATION
- filed_at: 2024-09-24T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/910073/000119312524224128/0001193125-24-224128-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/910073/000119312524224128/d816575d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-224128
- JSON: https://secwatch.observer/filing/0001193125-24-224128.json
- Plain text: https://secwatch.observer/filing/0001193125-24-224128.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.