Open report — full analysis, no account required.
Sign up to generate reports and read filings that aren't on the open list.
Get notified when GS files again. Create a free account and we'll email you the moment its next filing is analyzed.
Get filing alertsGoldman Sachs launches Series AA preferred offering, intends to redeem Series U preferred
Filed July 20, 2026 · Period ending July 20, 2026 · ~1 min read
Key Changes
-
medium
Goldman announced a proposed public offering of depositary shares representing 1/25th interests in new Series AA preferred stock; offering has not yet priced and is subject to market conditions.
Item 8.01 verify on EDGAR → -
medium
If the offering prices and closes, Goldman intends to use proceeds to redeem all outstanding Series U preferred stock.
Item 8.01 verify on EDGAR → -
low
Both the offering completion and the Series U redemption are contingent on market conditions; no assurance either will occur.
Item 8.01 verify on EDGAR →
Summary
Goldman Sachs announced a proposed public offering of depositary shares representing fractional interests in a new series of preferred stock, Series AA. Each depositary share represents 1/25th of a share of the underlying preferred. The offering has not yet priced and remains subject to market conditions.
If the offering proceeds to closing, Goldman intends to use a portion of the net proceeds to redeem all outstanding Series U preferred stock, which carries a fixed rate that resets and has a $25,000 liquidation preference per share.For common shareholders, this is a routine capital structure adjustment with no direct impact. Existing Series U preferred holders should note the redemption is contingent on the new offering closing and is not yet certain.
Section-by-Section Diff
Event · Item 8.01 — Other Events
Item 8.01 — Other Events filed; see Key Changes for terms.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
The pricing of the Offering, and thus whether any possible redemption of outstanding preferred stock will occur, is subject to market conditions and other considerations. There is no assurance that the Offering will price and close or that the Company will decide to redeem the Series U Preferred Stock.
The filing emphasizes that both the new offering and the Series U redemption are contingent and uncertain. The offering has not yet priced, and completion depends on market conditions. Even if the offering proceeds, the company has not committed to redeeming the Series U preferred stock.
Thanks — your feedback helps us improve report quality.
Figures/quotes linked to EDGAR · Narrative written by AI · Jul 21, 2026 · How we verify