---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-039344"
form_type: "8-K"
ticker: "ORCL"
cik: "0001341439"
company_name: "ORACLE CORP"
filed_at: "2026-02-05T23:59:59+00:00"
generated_at: "2026-05-16T04:22:26.011877+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Oracle issues 100M depositary shares of 6.50% Series D Mandatory Convertible Preferred Stock

## Summary
- Total liquidation preference approximately $5B: $100,000 per preferred share, each depositary share representing 1/2000th interest.
- Mandatory conversion into common stock by Jan 2029 at a rate between 499.8 and 624.8 common shares per preferred share.
- Cumulative dividend at 6.50% annual rate, payable quarterly beginning April 15, 2026; may be paid in cash or common stock.
- If preferred dividends are unpaid, Oracle cannot declare common dividends or repurchase common stock or junior stock.
- Offering closed February 5, 2026; underwriters include BofA, Citigroup, Deutsche Bank, Goldman Sachs, HSBC, J.P. Morgan.

## SEC filing metadata
- accession: 0001193125-26-039344
- form_type: 8-K
- ticker: ORCL
- cik: 0001341439
- company_name: ORACLE CORP
- filed_at: 2026-02-05T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 3.03, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1341439/000119312526039344/0001193125-26-039344-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1341439/000119312526039344/d63638d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-039344
- JSON: https://secwatch.observer/filing/0001193125-26-039344.json
- Plain text: https://secwatch.observer/filing/0001193125-26-039344.txt

## Source-grounded claims
- claim_id: f03442582cfcc0b839d35191431f707e51c7f3f7
  claim: ORACLE CORP: Filed Certificate of Designations to establish Mandatory Convertible Preferred Stock series (effective 2026-02-05).
  evidence_excerpt: On February 5, 2026, Oracle filed the Certificate of Designations with the Secretary of State of the State of Delaware to establish the preferences, limitations and relative special rights of the Mandatory Convertible Preferred Stock. The Certificate of Designations became effective upon filing.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1341439/000119312526039344/0001193125-26-039344-index.htm
- claim_id: 60fc16e8f75bd57ae7310fc2464b58378c854b7d
  claim: ORACLE CORP entered into Underwriting Agreement with BofA Securities, Inc., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, HSBC Securities (USA) Inc. and J.P. Morgan Securities LLC, as representatives of the several underwriters (effective 2026-02-02).
  evidence_excerpt: On February 2, 2026, Oracle Corporation, a Delaware corporation (“Oracle”) entered into an underwriting agreement (the “Underwriting Agreement”) with BofA Securities, Inc., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, HSBC Securities (USA) Inc. and J.P. Morgan Securities LLC, as representatives of the several underwriters named therein, pursuant to which Oracle agreed to issue and sell 100,000,000 depositary shares (the “Depositary Shares”), each representing a 1/2,000th interest in a share of Oracle’s 6.50% Series D Mandatory Convertible Preferred Stock, liquidation preference $100,000.00 per share, par value $0.01 per share (the “Mandatory Convertible Preferred Stock” and such offering, the “Depositary Shares Offering”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1341439/000119312526039344/0001193125-26-039344-index.htm

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