On February 2, 2026, Oracle Corp announced the issuance of 100,000,000 depositary shares representing a 1/2,000th interest in 6.50% Series D Mandatory Convertible Preferred Stock, which closed on February 5, 2026. The liquidation preference is $100,000 per share, with dividends starting on April 15, 2026, at an annual rate of 6.50%.