CONVERTIBLE PREFERRED STOCK (Tables)

12 Months Ended

Dec. 31, 2025

At December 31, 2025, the convertible preferred stock consists of the following (In millions, except share and

per share data):


			Shares				Costs of
	Period	Shares	issued and	Price		Gross	raising	Net	Liquidation
Security	issued	authorized	outstanding	per share		amount	capital	amount	preference
Series A-1	Dec-16	49,182,456	47,215,752	$0.60		$28	$—	$28	$28
Series A-2	Dec-16	41,953,016	41,821,200	0.15		—	—	—	6
Series B-1	Aug-18	11,853,768	11,289,304	2.23		25	—	25	25
Series B-2	Sep-18	5,768,000	5,767,992	1.74		—	—	—	10
Series C-1	Dec-20	113,584	56,784	8.80		—	—	—	—
Series C-2	Dec-20	8,728,176	8,728,176	6.87		60	(1)	59	60
Series C-3	Dec-20	695,760	695,760	7.04		5	—	5	5
Series C-2	Mar-21	728,024	728,024	6.87		5	—	5	5
Series D	Mar-21	14,724,944	14,724,944	11.21		166	—	166	165
Series D	Apr-21	5,451,176	5,451,176	11.21		61	—	61	61
Series E	May-22	9,368,861	5,510,564	15.48		85	(3)	82	85
		148,567,765	141,989,676			$435	$(4)	$431	$450
					Preferred stock redemptions			(1)
							Total	$430

- Definition

Tabular disclosure of an entity's stock, including par or stated value per share, number and dollar amount of share subscriptions, shares authorized, shares issued, shares outstanding, number and dollar amount of shares held in an employee trust, dividend per share, total dividends, share conversion features, par value plus additional paid in capital, the value of treasury stock and other information necessary to a fair presentation, and EPS information. Stock by class includes common, convertible, and preferred stocks which are not redeemable or redeemable solely at the option of the issuer. Includes preferred stock with redemption features that are solely within the control of the issuer and mandatorily redeemable stock if redemption is required to occur only upon liquidation or termination of the reporting entity. If more than one issue is outstanding, state the title of each issue and the corresponding dollar amount; dollar amount of any shares subscribed but unissued and the deduction of subscriptions receivable there from; number of shares authorized, issued, and outstanding.

+ References

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+ Details