Alphabet closes two offerings of 6.25% mandatory convertible preferred depositary shares

What the company reported

• On June 5, 2026 it closed offerings of 167,500,000 Series A and 167,500,000 Series B depositary shares.
• Underwriters exercised in full their options for 25,000,000 additional depositary shares of each series on June 3, 2026.
• The preferred stock accrues 6.25% dividends and converts automatically on or about May 15, 2029.
• Capped call transactions reduce potential dilution, with initial cap prices of $532.6704 and $527.7974 per share.