--- schema_version: "secwatch.filing_event.v1" accession: "0001193125-26-259830" form_type: "8-K" ticker: "GOOGL" cik: "0001652044" company_name: "Alphabet Inc." filed_at: "2026-06-05T20:52:38+00:00" generated_at: "2026-06-05T20:54:51.211514+00:00" event_type: "other_material" sentiment: "neutral" materiality_score: 0.75 calibrated_materiality_score: 0.75 confidence: "high" source: SEC EDGAR --- # Alphabet Raises ~$19.25B via Series A & B Mandatory Convertible Preferred Offerings ## Summary - Issued 167.5M Series A and 167.5M Series B depositary shares, each representing 1/20th of a 6.25% mandatory convertible preferred share, at $50 per depositary share on June 5, 2026. - Underwriters exercised full over-allotment options for additional 25M depositary shares of each series, raising total proceeds to approximately $19.25B. - Preferred shares automatically convert into Class A (GOOGL) or Class C (GOOG) stock on May 15, 2029, with conversion ratios ranging from 0.1126 to 0.1421 per depositary share. - Alphabet entered into capped call transactions with underwriters (Goldman Sachs, J.P. Morgan, Morgan Stanley) to reduce potential dilution upon conversion. - Dividends on preferred stock accrue at 6.25% per annum, payable quarterly starting August 15, 2026; payment restricts dividends on common stock unless preferred dividends are paid. ## SEC filing metadata - accession: 0001193125-26-259830 - form_type: 8-K - ticker: GOOGL - cik: 0001652044 - company_name: Alphabet Inc. - filed_at: 2026-06-05T20:52:38+00:00 - event_type: other_material - sentiment: neutral - materiality_score: 0.75 - calibrated_materiality_score: 0.75 - confidence: high - sec_items: 1.01, 3.03, 5.03, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1652044/000119312526259830/0001193125-26-259830-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1652044/000119312526259830/d36818d8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001193125-26-259830 - JSON: https://secwatch.observer/filing/0001193125-26-259830.json - Plain text: https://secwatch.observer/filing/0001193125-26-259830.txt ## Key facts - Equity Issuances Alphabet Inc. issued 167,500,000 series B depositary shares of preferred stock. - Security: preferred stock - Shares: 167,500,000 series B depositary shares source text: On June 4, 2026, the Company filed the Certificates of Designations with the Secretary of State of the State of Delaware to establish the preferences, limitations and relative rights of the respective series of Preferred Stock. evidence_url: https://www.sec.gov/Archives/edgar/data/1652044/000119312526259830/0001193125-26-259830-index.htm - Equity Issuances Alphabet Inc. issued 167,500,000 series A depositary shares of preferred stock. - Security: preferred stock - Shares: 167,500,000 series A depositary shares source text: On June 4, 2026, the Company filed the Certificates of Designations with the Secretary of State of the State of Delaware to establish the preferences, limitations and relative rights of the respective series of Preferred Stock. evidence_url: https://www.sec.gov/Archives/edgar/data/1652044/000119312526259830/0001193125-26-259830-index.htm - Governance Changes Alphabet Inc.: Filing of Certificates of Designations establishing Series A and Series B Preferred Stock preferences, limitations and relative rights (effective 2026-06-04). - Change: charter amendment - Effective: 2026-06-04 source text: On June 4, 2026, the Company filed the Certificates of Designations with the Secretary of State of the State of Delaware to establish the preferences, limitations and relative rights of the respective series of Preferred Stock. evidence_url: https://www.sec.gov/Archives/edgar/data/1652044/000119312526259830/0001193125-26-259830-index.htm - Material Agreements Alphabet Inc. entered into Underwriting Agreement with Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, and Morgan Stanley & Co. LLC as the representatives of the respective underwriters (effective 2026-06-02). - Action: entry - Agreement: underwriting - Counterparty: Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, and Morgan Stanley & Co. LLC as the representatives of the respective underwriters - Effective: 2026-06-02 source text: On June 2, 2026, Alphabet Inc. (“Alphabet” or the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, and Morgan Stanley & Co. LLC as the representatives of the respective underwriters under such agreement evidence_url: https://www.sec.gov/Archives/edgar/data/1652044/000119312526259830/0001193125-26-259830-index.htm - Material Agreements Alphabet Inc. entered into Capped Call Transactions with one or more of the underwriters or their respective affiliates and/or other financial institutions (the “Option Counterparties”) (effective 2026-06-02). - Action: entry - Counterparty: one or more of the underwriters or their respective affiliates and/or other financial institutions (the “Option Counterparties”) - Effective: 2026-06-02 source text: On June 2, 2026, in connection with the pricing of the respective Depositary Shares Offerings, and on June 3, 2026 in connection with the Underwriters’ exercise of the over-allotment options to purchase additional Depositary Shares, Alphabet entered into privately negotiated capped call transactions (the “Capped Call Transactions”) with one or more of the underwriters or their respective affiliates and/or other financial institutions (the “Option Counterparties”). evidence_url: https://www.sec.gov/Archives/edgar/data/1652044/000119312526259830/0001193125-26-259830-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.